Global Indium Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Indium Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Indium is a lustrous silvery metal that is so soft and malleable it can be scratched with a fingernail and bent into nearly any shape. In nature, indium is quite rare and nearly always found as a trace element in other minerals — particularly in zinc and lead — from which it is typically obtained as a byproduct.

The metal melting point of indium is very low: 313.9 degrees Fahrenheit (156.6 degrees Celsius). At any temperature above this temperature, it will burn with a violet or indigo flame.

Market Overview:

The latest research study on the global Indium market finds that the global Indium market reached a value of USD 409.0 million in 2022. It’s expected that the market will achieve USD 694.0 million by 2028, exhibiting a CAGR of 9.21% during the forecast period.

Huge demand and supply gaps and price fluctuations hinder market growth.

The large supply of indium and widespread price fluctuations will prevent large-scale deployment of new technologies that rely on the product. This problem, in turn, has led to a lot of research and development on indium and ITO alternatives.
Some alternatives currently available on the market are poly (3,4, -ethylenedioxythiophene) for touch screens and flexible displays and gallium for photovoltaic cells. Therefore, these may limit the growth of the global indium market in the next few years.

The continuous increase in downstream demand provides important opportunities for the development of the indium market

Consumption of products and derivatives used in the production of electronic products (such as flat panels, LCDs, LEDs, touch panels, electroluminescent lamps, and transparent conductive layers in aircraft engines) will increase, and it is expected to drive demand for indium.
Product demand has increased due to the significant increase in the utilization of gadgets such as tablets, smartphones and e-books. Indium is mainly used to make medium and small LCD panels, which will increase demand for indium. In addition, it also plays an important role in the manufacture of photovoltaic thin films, which provides important opportunities for the development of the indium mark.

Advances in indium recycling technology

In recent years, one of the developments of this technology is the cementing process, through which solid substances can be formed from solutions. To this end, zinc metal powder is used to collect indium in solution, and indium becomes solid by reacting with zinc during processing.
Given its economic importance and high supply risk, new technologies developed from various electronic products for indium recycling are expected to become another important factor driving market development over the forecast period.

Region Overview:

In 2022, the share of the Indium market in China stood at 13.71%.

Company Overview:

Dowa Holdings is one of the major players operating in the Indium market, holding a share of 11.66% in 2023.

Dowa Holdings

Dowa Holdings Co., Ltd. mines, refines, smelts, and produces various metal- related products. The Company's main products include minerals, precious metals, semiconductor, and optical devices, as well as battery, superconductivity, and magnetic materials.

Asahi Pretec Corp.

Asahi Pretec Corporation offers metals recycling services. The Company recycles precious metals such as gold, silver, platinum, and palladium from liquid and solid industrial wastes, and manufactures precious metal alloy and chemicals for plating. Asahi Pretec also manufactures, sells, and rents electrolytic recovery equipment for gold and silver.

Segmentation Overview:

Among different product types, Secondary Indium segment is anticipated to contribute the largest market share in 2028.

Primary indium

Primary indium is extracted from ore. Indium is only produced as a by-product during ore processing of other metals.

Secondary Indium

Secondary Indium refers to indium produced from waste electrical and electronic equipment (WEEE), liquid crystal display (LCD), etc. through recycling technology.

Application Overview:

By application, the Flat Panel Display segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Indium market covered in Chapter 3:

Japan Energy Corporation
Mengzi Mining & Metallurgy Co. Ltd.
Korea Zinc Co.,Ltd.
Teck Resources Limited
Young Poong
Dowa Holdings
Zhuzhou Keneng New Material Co., Ltd.
Nyrstar
Nanjing Germanium Co. Ltd.
Umicore
Yunnan Hualian Zinc & Indium Stock Co., Ltd.
Asahi Pretec Corp.
Guangxi Debang Technology Co. Ltd.
Hunan Nonferrous Metals Corporation Limited

In Chapter 4 and Chapter 14.2, on the basis of types, the Indium market from 2018 to 2029 is primarily split into:

Primary indium
Secondary Indium

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Indium market from 2018 to 2029 covers:

Flat Panel Display
Semiconductor Materials
Solder and Alloys
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)