Indium Market To Cross $584.8 Million By 2025 | Key Industry Players Umicore, Nystar

San Francisco, 11 October 2018 - 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.    
U.S. indium market volume by product, 2014 - 2025 (Tons)
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.

Full Research Report On Global Indium Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/indium-market

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
Browse More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/semiconductors

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
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Belgium
  • Asia Pacific
    • China
    • India
    • Japan
  • Central & South America
    • Brazil
  • Middle East & Africa
Access Press Release Of This Research Report By Grand View Research:
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.

For More Information: www.grandviewresearch.com

Comments

Post a Comment

Popular posts from this blog

Automotive Lighting Market Surge Valuation Of 34.65 Billion Units By 2022: Grand View Research, Inc.

Image
The  automotive lighting market  is anticipated to reach USD 34.65 billion by 2022. Strict government policies and rising safety concerns are likely to propel growth over the forecast period. In addition, growing consumer awareness concerning the significance of adaptive lighting including dynamic bend light and a glare-free high beam is also expected to have a positive impact on the exterior lighting market.  Asia Pacific automotive lighting market, by technology, 2012 - 2022 (USD Million) Increasing apprehensions about using energy efficient methods coupled with rising consumer disposable income are expected to drive the industry. In addition, growing demand for vehicles and technological advancements in the automotive industry are expected to propel utilization. Attractive growth opportunities for new entrants are expected in the industry owing to the growing number of total vehicles purchased y-o-y across BRIC nations. However, there is a need for legislative...
Read more

Headsets Market Size Worth To Reach $20,465.7 Million By 2024

Image
The  headsets market  is estimated to reach approximately USD 20,465.7 million by 2024, according to a new study conducted by Grand View Research, Inc. The rise in the disposable income is remarkably driving the demand for application-specific headsets. The increase in consumer spending for consumer electronic products has significantly spurred the market growth. The growing demand for improved design and style is anticipated to favorably impact the industry growth. In addition to this, increasing popularity and adoption of smartphones, portable music players, laptops, tablets, and other mobile devices are expected to catapult the industry growth prospects. Asia Pacific headset market revenue, by price, 2013 - 2024 (USD Million) Enhanced audio quality acoustics offered by in-ear products is substantially bringing traction in this industry. The advent of innovative technologies such as Bone Conduction, Near-field Magnetic Inductance (NFMI) Technology, and Design Improve...
Read more

Temperature Sensors Market To Cross $6.13 Billion Threshold By 2020

Image
The Global  Temperature Sensors Market  is expected to reach USD 6.13 billion by 2020, according to a new study by Grand View Research, Inc. Increasing global demand for smarter consumer electronics and automobiles is expected to favor market growth over the forecast period. Temperature sensors are increasingly used in smartphones and other consumer electronics to monitor their temperature and enhance performance.  Global temperature sensors market by application, 2012 – 2020 Basic temperature sensors include resistive temperature devices (RTD), thermocouples, liquid expansion devices, silicon diodes, infrared sensors etc. Additionally, fusion of communication, computing and sensing is expected to drive the MEMS market, which is expected to benefit global temperature sensor demand. Technological advancements and device miniaturization also drive market growth. Need for ensuring safety and favorable regulatory scenario is expected to fuel market growth over th...
Read more