Indium Market
Indium Market Forecasts to 2030 - Global Analysis By Product (Primary Indium, Secondary Indium and Refined Indium), Form (Indium Metal, Indium Compounds, Indium Alloys and Indium-based Products), Purity, Application, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $1.1 BN |
|
Projected Year Value (2030) |
US $1.6 BN |
|
CAGR (2024-2030) |
7.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Indium Market is accounted for $1.1 billion in 2024 and is expected to reach $1.6 billion by 2030, growing at a CAGR of 7.2% during the forecast period. Indium is a soft, malleable, post-transition metal primarily obtained as a by-product of zinc ore refining. It appears silvery-white and is renowned for having good oxidation resistance and conductivity. Indium is used in electronics, specifically in the synthesis of indium tin oxide (ITO), which is used in touchscreens, flat-panel displays, and solar energy systems. Moreover, solders, alloys, semiconductors, and coatings all use it. Because of its special qualities, indium is essential for cutting-edge technologies like electronics and solar energy.
According to the U.S. Geological Survey’s Mineral Commodity Summaries 2023, the global refinery production of indium was estimated to be 900 metric tons in 2022.
Market Dynamics:
Driver:
Rising demand for electronics
The increasing demand for electronic items such as smartphones, tablets, flat panel displays, laptops, and monitors is driving the growth of the indium market. Technological advancements in various fields, including app development, artificial intelligence, and robotics, have further surged the demand for indium-containing equipment. The COVID-19 pandemic has also boosted sales of electronic products as more people work and learn from home. Additionally, the digital transformation in developing countries is further propelling the demand for indium in electronic applications.
Restraint:
Fluctuations in raw material prices
Indium production is heavily dependent on the extraction of other metals, primarily zinc and copper. As a byproduct, indium's availability and price are subject to fluctuations in the demand and prices of these primary metals. The scarcity of indium in the Earth's crust further exacerbates price volatility. These fluctuations create uncertainty for manufacturers and end-users, potentially limiting market growth. The interdependence of indium production with other metal markets makes it challenging to maintain stable pricing, impacting the overall market dynamics.
Opportunity:
Growth in the semiconductor industry
Indium is crucial in producing advanced semiconductor devices, particularly in emerging technologies such as artificial intelligence (AI), Internet of Things (IoT), and 5G. The increasing demand for high-performance computing and communication devices is driving the need for indium-based components. As these technologies continue to evolve and expand, the demand for indium in semiconductor applications is expected to grow, offering substantial opportunities for market players to capitalize on this trend.
Threat:
Environmental and health concerns
Indium mining and production can lead to negative environmental impacts such as soil erosion, water pollution, and habitat destruction. Additionally, exposure to indium compounds has been linked to health issues, including lung damage in workers. These concerns may lead to stricter regulations and increased production costs, potentially hindering market growth. The industry faces pressure to develop more sustainable and safer production methods to address these environmental and health challenges.
Covid-19 Impact:
The COVID-19 pandemic had a mixed impact on the indium market. Initially, supply chain disruptions and manufacturing slowdowns negatively affected production and distribution. However, increased demand for electronic devices due to remote work and learning boosted indium consumption in certain sectors. The pandemic also accelerated the adoption of digital technologies, potentially driving long-term demand for indium-containing products. Overall, the market experienced short-term volatility but may benefit from the accelerated digital transformation in the long run.
The primary indium segment is expected to be the largest during the forecast period
Over the forecasted timeframe, the primary indium segment is anticipated to dominate the market share. Primary indium, derived directly from mining and refining processes, is crucial for applications requiring high purity, such as in the production of indium tin oxide (ITO) for flat panel displays, touchscreens, and solar cells. Its superior quality and versatility make it the preferred choice for advanced electronic and optoelectronic applications. The growing demand for high-performance electronic devices and renewable energy technologies is expected to drive the continued dominance of the primary indium segment in the market.
The photovoltaics segment is expected to have the highest CAGR during the forecast period
The photovoltaics segment is expected to register lucrative growth during the estimation period. Indium plays a critical role in the production of thin-film solar cells, particularly in copper indium gallium selenide (CIGS) technology. These solar cells offer advantages such as flexibility, lightweight properties, and better performance in low-light conditions compared to traditional silicon-based cells. The increasing global focus on renewable energy and the declining costs of solar technology are driving the rapid growth of the photovoltaics segment. As countries worldwide invest in solar energy infrastructure, the demand for indium in this application is expected to surge, contributing significantly to market growth.
Region with largest share:
Over the forecast period, the Asia Pacific region is anticipated to hold the largest market share in the indium market. This dominance is attributed to the region's strong electronics manufacturing base, particularly in countries like China, Japan, and South Korea. The high concentration of consumer electronics, display technology, and semiconductor industries in Asia Pacific drives substantial demand for indium. Additionally, the region's growing investments in renewable energy, especially solar power, further boost indium consumption. The presence of major indium producers and the rapid technological advancements in the region contribute to its leading position in the global indium market.
Region with highest CAGR:
Over the forecasted timeframe, the Asia Pacific region is anticipated to exhibit the highest CAGR in the indium market. The rapid industrialization, increasing disposable incomes, and growing adoption of advanced technologies in emerging economies like India and Southeast Asian countries are driving this growth. The expansion of the electronics industry, coupled with significant investments in renewable energy projects, particularly in China and India, is expected to fuel the demand for indium. Furthermore, government initiatives promoting domestic manufacturing and technological innovation in the region are likely to accelerate market growth.
Key players in the market
Some of the key players in Indium Market include Nippon Rare Metal, Inc., Umicore, Teck Resources Limited, Nyrstar, Avalon Advanced Materials Inc., Indium Corporation, Lipmann Walton & Co. Ltd., Zhuzhou Keneng New Material Co., Ltd., ESPI Metals, AIM Metals & Alloys LP, DOWA Electronics Materials Co., Ltd., Xinlian Environmental Protection Technology Co., Ltd., PPM Pure Metals GmbH, Korea Zinc, Guangxi China Tin Group, Yuguang Gold and Lead Co., Ltd., and Zhuzhou Smelter Group.
Key Developments:
In October 2024, as one of the leading materials providers to the electronics assembly industry, Indium Corporation® is proud to feature its industry-leading Durafuse® solder technology at the Battery Show North America in Detroit, Michigan. By offering advanced materials solutions like Durafuse® and Indalloy®, Indium Corporation helps automakers and battery manufacturers tackle the challenges of electrification and develop next-generation EV technologies.
In December 2021, Nippon Rare Metal, Inc. Started production and distribution of Indium alloy foils and wires.
Products Covered:
• Primary Indium
• Secondary Indium
• Refined Indium
Forms Covered:
• Indium Metal
• Indium Compounds
• Indium Alloys
• Indium-based Products
Purity Covered:
• High-Purity
• Low-Purity
Applications Covered:
• Flat Panel Displays
• Semiconductor Materials
• Photovoltaics
• Solders
• Alloying Element
• Thermal Interface Materials
• Batteries
• Optoelectronics
• Other Applications
End Users Covered:
• Electronics and Semiconductors
• Automotive
• Aerospace and Defense
• Energy and Power
• Healthcare and Medical Devices
• Industrial Manufacturing
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Indium Market, By Product
5.1 Introduction
5.2 Primary Indium
5.3 Secondary Indium
5.4 Refined Indium
6 Global Indium Market, By Form
6.1 Introduction
6.2 Indium Metal
6.3 Indium Compounds
6.4 Indium Alloys
6.5 Indium-based Products
7 Global Indium Market, By Purity
7.1 Introduction
7.2 High-Purity
7.3 Low-Purity
8 Global Indium Market, By Application
8.1 Introduction
8.2 Flat Panel Displays
8.3 Semiconductor Materials
8.4 Photovoltaics
8.5 Solders
8.6 Alloying Element
8.7 Thermal Interface Materials
8.8 Batteries
8.9 Optoelectronics
8.10 Other Applications
9 Global Indium Market, By End User
9.1 Introduction
9.2 Electronics and Semiconductors
9.3 Automotive
9.4 Aerospace and Defense
9.5 Energy and Power
9.6 Healthcare and Medical Devices
9.7 Industrial Manufacturing
9.8 Other End Users
10 Global Indium Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Nippon Rare Metal, Inc.
12.2 Umicore
12.3 Teck Resources Limited
12.4 Nyrstar
12.5 Avalon Advanced Materials Inc.
12.6 Indium Corporation
12.7 Lipmann Walton & Co. Ltd.
12.8 Zhuzhou Keneng New Material Co., Ltd.
12.9 ESPI Metals
12.10 AIM Metals & Alloys LP
12.11 DOWA Electronics Materials Co., Ltd.
12.12 Xinlian Environmental Protection Technology Co., Ltd.
12.13 PPM Pure Metals GmbH
12.14 Korea Zinc
12.15 Guangxi China Tin Group
12.16 Yuguang Gold and Lead Co., Ltd.
12.17 Zhuzhou Smelter Group
List of Tables
1 Global Indium Market Outlook, By Region (2022-2030) ($MN)
2 Global Indium Market Outlook, By Product (2022-2030) ($MN)
3 Global Indium Market Outlook, By Primary Indium (2022-2030) ($MN)
4 Global Indium Market Outlook, By Secondary Indium (2022-2030) ($MN)
5 Global Indium Market Outlook, By Refined Indium (2022-2030) ($MN)
6 Global Indium Market Outlook, By Form (2022-2030) ($MN)
7 Global Indium Market Outlook, By Indium Metal (2022-2030) ($MN)
8 Global Indium Market Outlook, By Indium Compounds (2022-2030) ($MN)
9 Global Indium Market Outlook, By Indium Alloys (2022-2030) ($MN)
10 Global Indium Market Outlook, By Indium-based Products (2022-2030) ($MN)
11 Global Indium Market Outlook, By Purity (2022-2030) ($MN)
12 Global Indium Market Outlook, By High-Purity (2022-2030) ($MN)
13 Global Indium Market Outlook, By Low-Purity (2022-2030) ($MN)
14 Global Indium Market Outlook, By Application (2022-2030) ($MN)
15 Global Indium Market Outlook, By Flat Panel Displays (2022-2030) ($MN)
16 Global Indium Market Outlook, By Semiconductor Materials (2022-2030) ($MN)
17 Global Indium Market Outlook, By Photovoltaics (2022-2030) ($MN)
18 Global Indium Market Outlook, By Solders (2022-2030) ($MN)
19 Global Indium Market Outlook, By Alloying Element (2022-2030) ($MN)
20 Global Indium Market Outlook, By Thermal Interface Materials (2022-2030) ($MN)
21 Global Indium Market Outlook, By Batteries (2022-2030) ($MN)
22 Global Indium Market Outlook, By Optoelectronics (2022-2030) ($MN)
23 Global Indium Market Outlook, By Other Applications (2022-2030) ($MN)
24 Global Indium Market Outlook, By End User (2022-2030) ($MN)
25 Global Indium Market Outlook, By Electronics and Semiconductors (2022-2030) ($MN)
26 Global Indium Market Outlook, By Automotive (2022-2030) ($MN)
27 Global Indium Market Outlook, By Aerospace and Defense (2022-2030) ($MN)
28 Global Indium Market Outlook, By Energy and Power (2022-2030) ($MN)
29 Global Indium Market Outlook, By Healthcare and Medical Devices (2022-2030) ($MN)
30 Global Indium Market Outlook, By Industrial Manufacturing (2022-2030) ($MN)
31 Global Indium Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
