Press release
Indium Tin Oxide Market Size is Expected To Reach USD 2071 Million By 2028 With A CAGR Of 2.8% - Valuates Reports
The major players in the global Indium Tin Oxide market include Mitsui Mining & Smelting, JX Nippon Mining & Metals, etc.
The top 2 players occupy about 60% shares of the global market. Japan and China Taiwan are the main markets, they occupy about 80% of the global market. Reclaim-source ITO is the main type, with a share of about 55%.
Flat Panel Display is the main application, which holds a share of about 75%. In terms of the production side, this report researches the Indium Tin Oxide capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
TRENDS INFLUENCING THE GLOBAL INDIUM TIN OXIDE MARKET
The rapid proliferation of electronic devices
Indium tin oxide has optical transparency and excellent electrical conductivity. It is used for making the transparent conductive coating for flat panel displays, plasma displays, touch screen applications, LCDs, etc. Due to its low electrical resistivity, it is the best choice for touch screen applications of mobile phones. These factors will spur the development of the indium tin oxide market during the forecast period.
Automobile industry usage
Engineers rely on indium tin oxide for manufacturing touch into devices in autonomous vehicles. Consumers are demanding displays, touchscreens, and self-driver-assisted features in cars due to growing income levels and rising road accidents. It is also used in infrared reflected coatings or hot mirrors. These mirrors are heat reflection filters and are highly transparent. This in turn will push the indium tin oxide market forward in the coming decades.
Solar cells
The power output of Photovoltaic solar cells reduces considerably if the internal resistance goes up even fractionally. A transparent coating of indium tin oxide over the metallic component provides protection against the adhesion and is anti-reflective. The appropriate layer of thickness diffuses the sheet resistance thereby maintaining the proper resistance function. Thus the wide application in solar panel systems will ultimately spur the growth of the indium tin oxide market during the forecasted period.
Huge costs
Indium is a scarce resource which dramatically pushes the price higher. This restricts commercial production. The supply constraints, lack of flexibility, and R&D initiatives into finding alternative solutions will hinder the growth opportunities of the indium tin oxide market in the upcoming years.
INDIUM TIN OXIDE MARKET SHARE ANALYSIS
Based on the application, the flat panel display will maintain the lead in the indium tin oxide market share with a 75% hold.
Based on region, Asia-Pacific will grow the highest in the indium tin oxide market share with Countries like Japan, China, and Taiwan covering up 80% of the global market.
Based on type, reclaim source ITO will provide lucrative opportunities for growth in the indium tin oxide market share with 55% penetration.
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https://reports.valuates.com/market-reports/QYRE-Auto-8153/global-indium-tin-oxide
Indium Tin Oxide Market By Type
-Primary-source ITO
-Reclaim-source ITO
Indium Tin Oxide Market By Application
-Flat Panel Display
-Touch-screen Sensor
-Photovoltaic Cells
-Others
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Indium Tin Oxide Market Production By Region
-Japan
-North America
-China
-China Taiwan
-South Korea
Indium Tin Oxide Market Consumption By Region
-North America
-Europe
-Asia-Pacific
-Latin America
-Middle East & Africa
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Indium Tin Oxide Market By Company
-Mitsui Mining & Smelting
-JX Nippon Mining & Metals
-Corning
-Tosoh Corporation
-Umicore
-Indium Corporation
-AM&M
-SOLAR
-Weihai Blue Fox
-Yeke Group
-OMAT
-Guangxi Crystal Union Photoelectric Materials
-China-Tin Group
-ShaoGuan Sigma
-ENAM OPTOELECTRONIC MATERIAL
-Hebei Pengda
-Zhuzhou Smelter Group
-CNMC (Ningxia) Orient Group
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Inquire for Chapter Cost:
https://reports.valuates.com/request/chaptercost/QYRE-Auto-8153/Global_Indium_Tin_Oxide_Market
SIMILAR REPORTS:
-Global Indium Tin Oxide (ITO) Sputtering Targets Market Insights and Forecast to 2028 - https://reports.valuates.com/market-reports/QYRE-Auto-20J9472/global-indium-tin-oxide-ito-sputtering-targets
-Global Indium Tin Oxide (ITO) Coated Substrates Market Insights, Forecast to 2028 - https://reports.valuates.com/market-reports/QYRE-Auto-21X10096/global-indium-tin-oxide-ito-coated-substrates
-Global Indium Tin Oxide (ITO) Coated Glass Market Insights, Forecast to 2028 - https://reports.valuates.com/market-reports/QYRE-Auto-38G7246/global-indium-tin-oxide-ito-coated-glass
-Global ITO (Indium Tin Oxide) Sensor Sales Market Report 2021 - https://reports.valuates.com/market-reports/QYRE-Auto-6M6532/global-ito-indium-tin-oxide-sensor-sales
-Global Indium Market Insights and Forecast to 2028 - https://reports.valuates.com/market-reports/QYRE-Auto-28Y393/global-indium
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