According to a market report by Lucintel, the future of the global high purity germanium market looks promising with opportunities in the electronic, military and defense, aerospace, and renewable energy sectors. The global high purity germanium market is expected to reach an estimated $0.252 billion by 2030 with a CAGR of 7.4% from 2024 to 2030. The major drivers for this market are growing demand for germanium based solar cells and thermoelectric devices for clean energy generation and expanding applications of this product in the pharmaceutical and electronic industry.

In this market, germanium tetrachloride, high purity GeO2, and germanium ingot are the major segments of high purity germanium market by type.
Lucintel forecasts that germanium ingot is expected to witness highest growth over the forecast period due to its wide usage to manufacture various high-quality germanium products that are utilized among industries, such as electronics, renewable energy, and pharmaceutical.
Within this market, electronics is expected to witness highest growth over the forecast period due to significant usage of germanium in a wide range of electronic devices, including transistors and diodes, as well as solar cells.

APAC is expected to witness highest growth over the forecast period due to rapid economic growth and growing demand for electronic devices and other germanium-based products in the region.

Teck Resources, 5N Plus, Umicore, Vital Materials, Able Target, HEFA Rare Earth Canada, AXT, Photonic Sense, Yunnan Chihong Zinc Germanium, and Shenzhen Zhongjinlingnannonfemet are the major suppliers in the high purity germanium market.


This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]