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.
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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
- US.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Belgium
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Brazil
- Middle East & Africa
Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/global-indium-market
About Grand View Research
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.
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