Indium is a metal with various distinctive properties and is a soft silvery-white metal occurring naturally and combined with zinc and some other metals. It has unique properties such as exclusive bonding with cold welding, high thermal transfer rate, nonmetallic substances, reliable properties at cryogenic temperatures, and smoothness. Most indium makes tin oxide (ITO), an important part of touch screens, flat-screen TVs, and solar panels.
Access Full Report at https://www.databridgemarketresearch.com/de/reports/global-indium-market
The Global Indium Market is expected to reach USD 1,067,702.07 thousand by 2030 from USD 638,291.43 thousand in 2023, growing with a substantial CAGR of 7.6% in the forecast period of 2023 to 2030. Rising demand for electronic items is an essential driver for the global indium market. The increasing popularity of solar panels and usage in dental alloys are expected to propel the global indium market growth. The major restraints that may negatively impact the global indium market are the credible threat of substitutes and environmental and health issues associated with indium. Growth in the semiconductor industry and the ability to recycle indium metal are expected to provide opportunities in the global indium market.
The increasing popularity of solar panels across the world will drive the market's growth rate
Indium is a metal used in the production of solar panels. Even though the indium demand has recently been low, it is necessary for heterojunction photovoltaics. Due to its optical transparency, electrical conductivity properties, and chemical resistance to moisture, indium tin oxides are set to be one of the widely used materials in solar panels. Such -indium-made solar panels conduct electricity and allow light to pass through to them. Furthermore, increasing infrastructural activities in developing countries have led to a rise in the energy demand, and thus the consumers are shifting towards solar energy, further driving the global indium market.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015 - 2020)
|
|
Quantitative Units
|
Revenue in USD Thousand, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Product (Primary, Secondary, and Type III), Application (Flat Panel Displays, Semiconductor Materials, Photovoltaics, Solders, Alloys, Thermal Interface Materials, and Batteries)
|
|
Countries Covered
|
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
|
|
Market Players Covered
|
Nippon Rare Metal Inc. (Japan), Umicore (Belgium), Teck Resources Limited (Canada), Nyrstar (Netherlands), Avalon Advanced Materials Inc. (Canada), Ahpmat (U.S.), Indium Corporation (U.S.), Lipmann Walton & Co. Ltd (U.K.), Zhuzhou Keneng New Material Co., Ltd. Inc. (China), ESPI Metals (U.S.), AIM Metals & Alloys LP (Canada), DOWA Electronics Materials Co. Ltd. (Japan), and Xinlian Environmental Protection Technology Co., Ltd. (China) among others
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
|
Segment Analysis:
The global indium market is segmented into two notable segments based on product and application
- On the basis of product, the global indium market is segmented into primary, secondary, and type III. In 2023, the primary segment is expected to dominate the global indium market with a 51.49% market share as they can be used to prepare indium tin oxide to create a transparent conductive coating for applications involving OLED displays, touch screens, and solar cells.
The primary segment will dominate the product segment of the indium market
The primary segment will emerge as the dominating segment under product with approximately 51% market share. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the materials and packaging all around the globe will further bolster the growth of this segment.
- On the basis of application, the global indium market is segmented into flat panel displays, semiconductor materials, photovoltaics, solders, alloys, thermal interface materials, and batteries. In 2023, the flat panel displays segment is expected to dominate the global indium market with a 61.01% market share because of the increased demand for LCDs, tablets, smartphones, and plasma screens.
The flat panel displays segment will dominate the application segment of the indium market
The flat panel displays segment will emerge as the dominating segment under application segment. This is because of the growing demand for flat panel displays in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.
Major Players
Data Bridge Market Research recognizes the following companies as the market players in market: Nippon Rare Metal Inc. (Japan), Umicore (Belgium), Teck Resources Limited (Canada), Nyrstar (Netherlands), Avalon Advanced Materials Inc. (Canada), Ahpmat (U.S.), Indium Corporation (U.S.), Lipmann Walton & Co. Ltd (U.K.), Zhuzhou Keneng New Material Co., Ltd. Inc. (China), ESPI Metals (U.S.), AIM Metals & Alloys LP (Canada), DOWA Electronics Materials Co. Ltd. (Japan), and Xinlian Environmental Protection Technology Co., Ltd. (China).
Market Development
- In January 2023, Indium Corporation will showcase its innovative products for electric vehicle manufacturing and e-Mobility, as well as thought leadership and expertise within this rapidly-evolving market, at IPC APEX Expo from January 24 to 26, at San Diego, California, U.S. This will allow the company to reach a more extensive consumer base
- In August 2022, Zhuzhou Keneng New Material Co., Ltd. Inc. produced the groundbreaking 600-ton annual production of electronic materials in its new plant
- Umicore and PowerCo, a Volkswagen battery company, extended their collaboration in battery materials in December 2022. They are looking into a long-term strategic supply agreement to support Powerco's future battery Gigafactory for electric vehicles (EVs) in North America. This advancement will aid in the company's operations.
Regional Analysis
Geographically, the countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in indium market during the forecast period 2023 to 2030
Asia-Pacific will continue to lead in the forecast period, accounting for the majority of the market. Rising demand and increased domestic production are two factors that could be attributed to the growth. Furthermore, other emerging countries in the region, such as Japan and India, have seen significant economic growth, which is expected to have an impact on the regional market.
North America is estimated to be the fastest growing region in indium market in the forecast period 2023 to 2030
North America will experience the highest CAGR between 2023 and 2030. The presence of a large number of industry participants in the manufacturing of semiconductors, ITO, solders & alloys, primarily in the United States, is expected to be a major driving force in the region's market.
COVID-19 Impact
The demand for electronic items such as smartphones, tablets, flat panel displays, laptops, and monitors has increased worldwide. The recent COVID-19 pandemic has flourished the sales of such products as most working employees and students were working and learning from home respectively. The technological advancements have found their usage in multiple fields, including app development, software's, artificial intelligence, personalized healthcare, and robotics, which further have surged the demand for such equipment. In addition, several developing countries are undergoing a digital transformation, further driving the sales of such electronic products.
For more detailed information about the indium market report, click here – https://www.databridgemarketresearch.com/de/reports/global-indium-market
