The global indium market value is anticipated to reach USD 584.8 million by
2025, according to a new report by Grand View Research, Inc. Rising utilization
of electronic appliances or gadgets globally are in turn driving the demand for
indium. Increasing product application in various electronic devices mainly in
flat panel liquid crystal displays and thin film photovoltaics are expected to
drive the market over the forecast period.
Indium has been
considered as a precious material with multiple physical and chemical
properties. It appears in relatively small quantities in the primary form.
However, it performs essential functions in a variety of high-value clean tech
electronic devices, carbon-free energy technologies, information &
communication technology electronic products and as coatings. Its critical
applications in these types of appliances are some of the vital considerations
for the growth of the indium industry in the near future.
Currently, two types of
indium coatings are available, which includes infra-red conductive and
electrically conductive. Electrically conductive coatings are applied in
television screens, LCDs, video monitors, portable computer screens to defog
locomotive & aircraft windshields and also to keep the freezers frost-free.
However, infra-red
conductive coatings are being used on windows and other small openings to limit
the transfer of radiant heat through the glass. This type of coatings also
helps in maintaining the balance in building temperature. It also finds
applications in alkaline batteries for building up of hydrogen gas in sealed
battery casing. These conductive coatings are anticipated to experience the
increase in demand owing to the rapid development of its application markets.
Primary indium was the
major product segment in terms of demand in 2015. This segment is anticipated
to maintain a relatively low growth rate in the next eight years. Secondary
indium is projected to be the rapidly expanding product segment in comparison
to primary and type III indium in terms of revenue. It is anticipated to
increase at a CAGR of over 6.7% from 2017 to 2025.
Further key findings from the report suggest:
· The global indium demand was 810 tons in
2016 and is expected to grow at a CAGR of around 6.4% from 2017 to 2025 to
exceed a total volume of 1,400 tons by 2025
· Indium tin oxide (ITO) emerged as the
largest application segment in 2015 and is expected to exceed a total revenue
of USD 400 million by 2025
· The product demand in the semiconductors
sector in the U.S. is projected to touch a net worth of USD 9.3 million by
2025, growing at a CAGR of around 8.7% over the next eight years
· China emerged as the single-largest
producer and consumer of secondary indium with a net demand estimated at 63
tons in 2016
· The Asia Pacific indium market is
anticipated to be the fastest growing consumer region with a CAGR of 7% in
terms of volume from 2017 to 2025
· Major players include Umicore, Nystar,
Avalon Advanced Materials Inc., PPM Pure Metals GmbH and KOREAZINC which
dominate the global indium market
Grand View Research has
segmented the global indium market on the basis of product, application and
region:
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
Indium Regional Outlook (Volume, Tons; Revenue, USD
Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
