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:
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