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.
Asia-Pacific
accounted for the major share of the Indium Market Size in 2015 and will
continue to lead in the forecast period. The factors that could be attributed
to the growth include rising demand and increasing domestic production.
Furthermore, the other emerging countries in the region such as Japan and India
have been observing notable economic development that is anticipated to impact
the regional market.
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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.
Market
Segment:
Indium
Product Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
• Primary Indium
• Secondary Indium
• Type III
Indium
Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
• Indium Tin Oxide
• Semiconductor
• Solder and alloy
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