Indium Market Outlook, End Users Analysis and Share by Type to 2025

Posted on 2020-11-04 by researchinsights in Chemicals // 0 Comments

Felton, Calif., USA, Nov. 04, 2020 — /EPR Network/ —

Global Indium Market is anticipated to reach USD 584.8 million by 2025. Indium is a soft, silvery-white metal occurring naturally with zinc and some other metals. Indium Tin Oxide (ITO), which is made from indium oxide and tin oxide with ratio of 9:1 by weight and is colorless and transparent when applied in thin layers. It is gaining preference over its substitutes because of its characteristics such as resistance to ultraviolet rays, transparency, and color fastness.

The factors that propel the growth of the Indium industry include growing demand for LCDs, larger displays and tablets, with TV screen size. On the other hand, there are factors that may hamper the growth of the market including huge demand supply gap and price instability. Indium Market is anticipated to grow at a significant CAGR of 9.1% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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Indium industry may be explored by product type, application and geography. The market by product type could span Secondary Indium, Primary Indium, and Type III. The “Primary Indium” segment led the Indium Market in 2015 and is anticipated to maintain its dominance by 2025 due to improved customer dependence and manufacturing capability for semiconductor and electronic products such as LCD displays, solders, flat screen television, touch screen devices, and computer monitors.

The key applications that could be explored in the Indium industry include Semiconductor, Indium Tin Oxide, and Solder and alloy. The “Indium tin oxide (ITO)” segment led the market in 2015 and is anticipated to maintain its dominance by 2025 due to increasing application in thin film photovoltaics, flat panel-liquid crystal displays, architectural windows, smart windows, and polymer-based electronics.

Some of the key players that fuel the growth of the Indium industry comprise Avalon Advanced Materials Inc., 3M Company, Nitto Denko Corporation, Korea Zinc, Umicore Thin Film Products, Nystar N.V, ProTech materials, Inc., PPM Pure Metals GmbH, Touch International, Inc., and Indium Corporation. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Indium Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2025)

North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Belgium
Asia Pacific
China
India
Japan
Central & South America
Brazil
Middle East & Africa

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