Global Indium Market Size, Trends, and Growth Opportunity, By Product (Primary, Secondary, and Type III), Application (Flat Panel Displays, Semiconductor Materials, Photovoltaics, Solders, Alloys, Thermal Interface Materials, and Batteries) By Region and forecast till 2027.
Global Indium Market
Global Indium Market was valued at USD 2.1 Billion in 2022 and is slated to reach USD 4.3 Billion by 2027 at a CAGR of 12.69 % from 2022-2027.
Indium is a metal with unique properties. It is a soft silvery-white metal that occurs naturally and is combined with zinc and other metals. It has distinctive qualities like smoothness, reliability at cryogenic temperatures, non-metallic substances, high thermal transfer rate, and exclusive bonding with cold welding.
Market Drivers
Electronic items such as smartphones, tablets, flat panel displays, laptops, and monitors are in high demand around the world. Customers have been encouraged to purchase such electronic products due to a variety of factors, including new technology development, rising disposable income, and improved living standards. Because most working employees and students were working and learning from home during the recent COVID-19 pandemic, sales of such products increased. Technological advancements have found applications in a variety of fields, including app development, software, artificial intelligence, personalized healthcare, and robotics, driving up demand for such equipment. Furthermore, several developing countries are undergoing digital transformations, which is driving sales of such electronic products even higher. The sun is a renewable energy source. Solar energy production and supply are limitless. Solar energy production is simpler and less expensive than other non-renewable energy sources, such as fossil fuels. Using solar energy does not affect global warming. Photovoltaic cells and panels, solar architecture, and concentrated solar energy are all examples of solar energy technology. Denture alloys typically contain 0.5% to 10% indium in addition to the three primary metals gold, silver, and palladium. Utilizing a small amount of metal indium will significantly improve dental implants' ability to resist corrosion and hardness. Dental amalgam fillings frequently contain indium as well. By helping to keep the mercury safe, indium keeps the filling from deteriorating and becoming dangerous. Indium thus contributes to preventing the toxic side effects of mercury in dental amalgam fillings.
Market Restraints
Indium has harmed the environment and our health as a result of its extensive use in a range of applications. Indium makes up about 0.052 ppm of the Earth's crust, and because it takes a while to form its minerals, it is usually recovered as a byproduct of the production of zinc and copper. Deforestation, fishery and wildlife habitats, irregular rainfall patterns, and ecological disruption are all negative effects of mining. Aside from the mines themselves, infrastructure built to support mining operations, such as roads, power lines, and railway tracks, influences animal migration paths and reduces habitat diversity. Such negative environmental effects limit the global indium market's growth. Indium is a highly sought-after metal due to its numerous applications. Indium is found in very small amounts within the Earth's crust, about 160 ppb by weight. The global production of indium is as low as 800 tonnes per year. Furthermore, due to the scarcity of indium, the price of pure indium has risen to US $900 per kilogram. Because of the low production, low concentration in the Earth's crust, and high demand for indium from industries, the global indium market has been slow to grow.
Impact of COVID-19
Because of the increased demand for electronic items, the United States dominates the North American region. Germany is expected to dominate the European indium market due to the region's growing demand for indium.
Recent Developments
In December 2022, Umicore and PowerCo, a company that makes batteries for Volkswagen, expanded their cooperation in this area. To support PowerCo's planned battery Gigafactory for electric vehicles (EVs) in North America, they are investigating a long-term strategic supply agreement. This development will make it easier for the business to run.
The creation of a novel material that can lessen the radar visibility of stealth vehicles and covert installations was announced in February 2023 by scientists at the Indian Institute of Technology (IIT) in Mandi, India. The PET sheet used in the suggested design has an indium tin oxide (ITO) coating that makes it optically transparent. Regardless of how the radar signal strikes the object, the material can reportedly absorb a wide range of radar frequencies (signals). In secret buildings and stealthy vehicles, it can also be used to cover windows or glass panels.
Market Segmentation
Global Indium Market is segmented into By Product, Application. By Products such as Primary, Secondary, and Type III. By Applications such as Flat Panel Displays, Semiconductor Materials, Photovoltaics, Solders, Alloys, Thermal Interface Materials, and Batteries.
Regional Analysis
Global Indium Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. Because of the increased demand for electronic items, the United States dominates the North American region. Germany is expected to dominate the European indium market due to the region's growing demand for indium. Indium use increased in the Middle East and Africa as a result of South Africa's dominance of the market.
Key Players
This report includes a list of numerous Key Players, namely Nippon Rare Metal, Inc, Umicore, Teck Resources Limited, Nyrstar, Avalon Advanced Materials Inc. Ahpmat.com. Indium Corporation, Lipmann Walton & Co. Ltd, Zhuzhou Keneng New Material Co., Ltd. Inc., ESPI Metals, AIM Metals & Alloys LP, DOWA Electronics Materials Co., Ltd., and Xinlian Environmental Protection Technology Co., Ltd.
Market Taxonomy
By Product
• Primary
• Secondary
• Type III
By Application
• Flat Panel Displays
• Semiconductor Materials
• Photovoltaics
• Solders
• Alloys
• Thermal Interface Materials
• Batteries
By Region
• North America Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
Global Indium Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Indium Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Indium Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Indium Market Share Analysis, By Product
5.3 Global Indium Market Size and Forecast, By Product
5.3.1 Primary
5.3.2 Secondary
5.3.3 Type III
6 Global Indium Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Indium Market Share Analysis, By Application
6.3 Global Indium Market Size and Forecast, By Application
6.3.1 Flat Panel Displays
6.3.2 Semiconductor Materials
6.3.3 Photovoltaics
6.3.4 Solders
6.3.5 Alloys
6.3.6 Thermal Interface Materials
6.3.7 Batteries
7 Global Indium Market, By Region
7.1 Global Indium Market Share Analysis, By Region
7.2 Global Indium Market Share Analysis, By Region
7.3 Global Indium Market Size and Forecast, By Region
8 North America Indium Market Analysis and Forecast (2022-2027)
8.1 Introduction
8.2 North America Indium Market Share Analysis, By Product
8.3 North America Indium Market Size and Forecast, By Vessel
8.4 North America Indium Market Size and Forecast, By Application
8.5 North America Indium Market Size and Forecast, By Country
8.5.1 U.S.
8.5.2 Canada
8.5.3 Mexico
9Europe Indium Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 Europe Indium Market Share Analysis, By Product
9.3 Europe Indium Market Size and Forecast, By Vessel
9.4 Europe Indium Market Size and Forecast, By Application
9.5 Europe Indium Market Size and Forecast, By Country
9.5.1 Germany
9.5.2 France
9.5.3 UK
9.5.4. Rest of Europe
10Asia Pacific Indium Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Asia Pacific Indium Market Share Analysis, By Product
10.3 Asia Pacific Indium Market Size and Forecast, By Vessel
10.4 Asia Pacific Indium Market Size and Forecast, By Application
10.5 Asia Pacific Indium Market Size and Forecast, By Country
10.5.1 China
10.5.2 Japan
10.5.3 India
10.5.4. Rest of Asia Pacific
11Latin America Indium Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Latin America Indium Market Share Analysis, By Product
11.3 Latin America Indium Market Size and Forecast, By Vessel
11.4 Latin America Indium Market Size and Forecast, By Application
11.5 Latin America Indium Market Size and Forecast, Country
11.5.1. Brazil
11.5.2.Rest of Latin America
12Middle East Indium Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Middle East Indium Market Share Analysis, By Product
12.3 Middle East Indium Market Size and Forecast, By Vessel
12.4 Middle East Indium Market Size and Forecast, By Application
12.5 Middle East Indium Market Size and Forecast, By Country
12.5.1. Saudi Arabia
12.5.2. UAE
12.5.3. Egypt
12.5.4. Kuwait
12.5.5. South Africa
13Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 Nippon Rare Metal, Inc.
14.1.1 Overview
14.1.2 Products
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Teck Resources Limited
14.2.1 Overview
14.2.2 Products
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
11.2.6 Key Strategies
14.3. Avalon Advanced Materials Inc.
14.3.1 Overview
14.3.2 Products
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 ESPI Metals
14.4.1 Overview
14.4.2 Products
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Teck Resources Limited
14.5.1 Overview
14.5.2 Products
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 AIM Metals & Alloys LP
14.6.1 Overview
14.6.2 Products
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Lipmann Walton & Co. Ltd
14.7.1 Overview
14.7.2 Products
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Zhuzhou Keneng New Material Co., Ltd. Inc.
14.8.1 Overview
14.8.2 Products
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 DOWA Electronics Materials Co., Ltd.
14.9.1 Overview
14.9.2 Products
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Xinlian Environmental Protection Technology Co., Ltd.
14.10.1 Overview
14.10.2 Products
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
