Rise In The Global Demand For Indium With Changing Consumption Patterns Boost Its Market Growth

Author : Acumen Research and Consulting

Indium, a soft and ductile element has a wide range of applications pertaining to both its physical and chemical properties. In different industries, the element is used for plating purposes. Products such as automobile bearings and other electronic components require indium coating as it ensures that these products are moisture resistant and anti- seizure. Corrosion- resistant mirrors also need indium. Other uses of Indium include creating p- type germanium and also as a doping agent in semi- conductor industries. Other components such as transistors, rectifiers and diodes also depend on indium for their manufacturing.

The tremendous growth in the Indium market worldwide can be attributed to the demand of indium coated end products which is impressively high given the rising population, changing lifestyles of consumers, increase in disposable income and purchasing power of the customers. In the forecast period of 2018- 2025, the global indium market is expected to see an overall growth in the market value touching roughly $315 million by the end of the period; with 2.5% growth in CAGR.

However, it cannot be ignored that Indium compounds are highly toxic which can gravely harm lungs, heart and kidney. Additionallythe presence of its alternatives such as poly (3. 4- ethylenedioxythiophene) which are used in touch screens and flexible displays pose a potential challenge for the Indium market growth globally.

Here are some more points that explain about the Indium market:

  • The three segmentations of the Indium market are on the basis of type, application and geography. To classify the market on the basis of type we can view primary indium and secondary indium. To differentiate on the basis of application, the market is categorized into semiconductor, solder and alloys, ITO and others. Different Indium markets geographically include U.S., Europe, Japan, China and others.
  • The largest and hence significant market of Indium is China. Both production and processing activities take place in the China market. The availability of Zinc deposits in large volumes boosts production lowering production costs. Additionally the growing electronics market in China contributes in the growth of Indium market there.
  • The use of Indium in touch screens pertaining to its apt properties has driven the demand for Indium Tin Oxide (ITO) market.
    Some of the major players of the Indium market include Zhuzhou Keneng, Green Novo, Asahi holding, Korea Zinc, Dowa Holdings, Asahi Holding, Young Poong, Teck Resources Limited, China Tin Group, Yuguang Gold Lead Ltd., Zhuzhou Smelter Group and others.

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