Global Indium Market - 2023-2030

Global Indium Market - 2023-2030

Market Overview
The global indium market reached US$ XX million in 2022 and is projected to record significant growth by reaching up to US$ XX million by 2030 and growing at a CAGR of XX% during the forecast period (2023-2030).
Indium is a chemical element with the symbol In and atomic number 49. It is a very soft, silvery-white metal that is highly malleable and ductile. Indium is not a free element but is found in small amounts in zinc and other metal ores. It is most commonly extracted as a by-product of zinc mining. Indium has several unique properties that make it useful in various applications. One of the most important properties of indium is its ability to form alloys with other metals, which allows it to be used in various applications, such as electronic components, LCDs, solar cells and semiconductors. It's also used in dental restorations, mirrors and other applications.

Market Dynamics
The development of new technologies and applications for indium, such as in aerospace and defense, healthcare and automotive industries, is driving the market's growth. Emerging economies such as China and India also drive the market's growth. An increase in the use of indium in advanced technologies such as 5G, IoT and AI and government support for clean energy and the increasing use of indium in renewable energy is also expected to drive the market.

Increased demand for electronic devices drives the growth of the global indium market.

The rise in demand for electronic devices, such as smartphones, tablets and laptops, is driving the growth of the global indium market. The growing popularity of electronic devices is increasing the demand for LCDs, driving demand for indium. Indium is used as a transparent conductor in LCDs. It creates a thin layer of metal that allows electricity to pass through, but not light. This layer controls the pixels on an LCD and makes them change color. This is why indium is critical in LCDs and other electronic devices.

Additionally, the increasing adoption of advanced technologies such as 5G, IoT and AI is also driving the demand for electronic devices and, therefore, the demand for indium. As these technologies continue to advance and become more widely adopted, it is expected that the demand for electronic devices will continue to grow.

The increased popularity of renewable energy generates lucrative growth prospects in the global indium market.

The increasing popularity of renewable energy, particularly solar energy, is generating lucrative growth prospects for the global indium market. Indium is used in producing thin-film solar cells, which are used in solar panels. The growing adoption of solar energy as a clean and sustainable energy source is driving demand for solar panels and, therefore, the demand for indium. Indium tin oxide (ITO) is a transparent and conductive material widely used as the front contact layer in thin-film solar cells. ITO is an alloy of tin and indium that is highly transparent to visible light and has excellent electrical conductivity. The use of ITO in thin-film solar cells allows for the efficient conversion of sunlight into electrical energy, making it a critical component in producing solar panels.

Solar energy is expected to grow significantly in the coming years, driven by factors such as the increasing concern about climate change, government support for renewable energy and the declining cost of solar technology.

Environmental concerns associated with indium hamper the global market growth.

Environmental concerns associated with indium can hamper the growth of the global indium market. Indium is mainly produced as a by-product of zinc mining, which can have negative environmental impacts such as soil erosion, water pollution and habitat destruction. These concerns may lead to stricter regulations and increased costs associated with the extraction and production of indium, which can hinder the growth of the global indium market.

Indium and indium-containing products can pose environmental risks when they are not disposed of or recycled properly. Indium compounds can be toxic to humans and animals and contaminate soil and water when not handled properly. This can lead to stricter regulations and higher costs associated with the disposal and recycling of indium, which can affect the growth of the global indium market. Environmental concerns associated with indium products can also negatively impact public perception. This can lead to a decrease in demand for indium-containing products and affect the growth of the global indium market.

Governments worldwide are increasingly imposing regulations on mining and producing metals to minimize the environmental impact. These regulations can increase production costs, making it difficult for companies to produce indium at a competitive price, which can affect the growth of the global indium market. To mitigate the environmental impact of indium mining, companies are developing more sustainable mining practices and recycling technologies that can reduce the environmental impact of indium production. However, the progress in these areas is still in progress and the environmental concerns associated with indium continue to hamper the growth of the global indium market.

COVID-19 Impact Analysis
The COVID-19 pandemic has had a significant impact on the global indium market. The lockdowns and disruptions caused by the pandemic have led to a decrease in demand for indium, as many industries that use indium, such as the electronics and solar industries, have seen a decline in production and consumption. Additionally, the decrease in international trade has also affected the indium market, as the movement of goods has been restricted. However, as the world recovered from the pandemic and economies were reopened, the demand for indium has increased.

Segment Analysis
The global indium market is segmented based on type, form, application, end-user and region.

Owing to its higher quality and purity, the primary indium-type segment dominates the global market
Primary indium is the type that dominates the global indium market. Primary indium is produced by mining and refining ores that contain indium, such as zinc and lead ores. Secondary indium is a byproduct of other mining and refining operations, while type III is recycled indium.
Primary indium is considered higher quality and purity than secondary or type III indium, making it more desirable for high-tech applications such as electronics and solar cells. Additionally, primary indium is more readily available, making it the preferred choice for many manufacturers.

Geographical Analysis
The larger consumer base in the region supplements the expansion of the Asia-Pacific indium market, which in turn dominates the global indium market
The Asia-Pacific is leading the global indium market with significant market shares, primarily due to the presence of large and developed economies such as China and Japan. These countries are major consumers of indium and major producers of the goods that use indium, such as electronics and solar cells.

China is the world's largest consumer and producer of indium and has a significant presence in the global indium market. Japan is also a significant consumer and producer of indium and has a strong electronics and solar cell industry. Additionally, the region's growing use of indium in various applications such as touchscreens, LCDs and other displays, solar panels, semiconductors and the aerospace industry is driving the market growth. The region is also witnessing growth in the industrial and infrastructure sector, further boosting the demand for indium.

Competitive Landscape
The global indium market is characterized by high competition, with many companies operating in the market. These major players have a strong market presence, well-established production and supply chain operations and a wide range of products and services. They have a wide customer base, which gives them a competitive edge over other players. However, the market is also fragmented, with many small and medium-sized companies operating. These companies mainly focus on niche products and specific applications, which help them to differentiate themselves from the major players.

The competition in the market is also intense, as the companies are continuously innovating and introducing new products to capture a larger market share. The companies also focus on expanding their geographical presence and distribution network to increase their market share. The key players in the market are Indium Corporation, Teck Resources Limited, Umicore, Nippon Rare Metal Inc., Nyrstar, Avalon Advanced Materials Inc., Lipmann Walton & Co. Ltd., AIM Metals & Alloys LP, Materion Corporation and Heraeus Holding.

Indium Corporation
Overview: Indium Corporation is a global technology company specializing in manufacturing and supplying specialty metals, alloys and advanced materials. Founded in 1934, the company has a rich history in the industry. It has established itself as a leader in providing innovative solutions for customers in various industries, including electronics, semiconductors, solar and many more. Indium Corporation operates facilities in Asia-Pacific, the Americas and Europe. Its product offering includes alloys, fluxes, inorganic compounds, electroplating, metals, nannofossils and other products.

Product Portfolio
• Indium: Indium metal is primarily recovered from indium-bearing zinc or tin ores and refined to different grades using cutting-edge, statistically process-controlled refining processes. Indium Corporation produces and refines indium in USA, China and Korea. Indium metal is the most flexible metal available. In its many forms, it is used for sealing in cryogenic applications — it remains malleable and ductile below -150°C. For soldering or fusing — alloys melt at temperatures ranging from 6.5°C to 310°C and for high-end device cooling — it lowers operating temperatures by up to 10°C.

Key Development: On October 23, 2022, Indium Corporation officially opened the expanded RM250 million facility in Penang. With the addition of a 37,500-square-foot manufacturing area, Indium Corporation, a US-based worldwide materials supplier to the electronics assembly and semiconductor packaging industries, has increased the size of its Penang site. The Indium Corporation manufactures a wide variety of solder and solder paste products, including indium and those used in advanced semiconductor packaging, e-mobility, power electronics and electronics assembly.

Why Purchase the Report?
• To visualize the global indium market segmentation based on type, form, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the global indium market by analyzing trends and co-development.
• Excel data sheet with numerous data points of indium market-level with all segments.
• PDF report consisting of cogently put-together market analysis after exhaustive qualitative interviews and in-depth market study.
• Application mapping available as excel consisting of key Applications of all the major market players.

The global indium market report would provide approximately 69 tables, 74 figures and 225 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies