Indium Market is Likely to Upsurge USD 1,067,702.07 Million Globally by 2030, Size, Share, Trends, Demand, Growth Forecast and Opportunity outlook

The universal Indium Market research report has been organized with the most advanced insight and analysis to give maximum benefits to the Indium Market industry. The report can be used by both established and new players in the industry for complete understanding of the market.  Besides, this marketing report also includes historic data, present and future market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. The scope of an excellent Indium Market report involves industry research, customer insights, market sizing and forecast, competitive analysis, market entry strategy, pricing trends, sustainability trends, innovation trends, technology evolution, and distribution channel assessment.

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Indium Market Analysis and Insights

The global indium market is expected to gain significant growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.6% in the forecast period of 2023 to 2030 and is expected to reach USD 1,067,702.07 million by 2030. The major factor driving the growth of the indium market is the rising demand for electronic items Increasing popularity of solar panels and usage in dental alloys are expected to propel the global indium market growth.

Growth in the semiconductor industry and the ability to recycle indium metal are expected to provide opportunities in the global indium market. However, fluctuations in raw material prices and significant demand and supply gaps are projected to challenge the market growth. The major restraints that may negatively impact the global indium market are the credible threat of substitutes and environmental and health issues associated with indium.

The global indium market report provides details of market share, new developments, and the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. Contact us for an analyst brief to understand the analysis and the market scenario. Our team will help you create a revenue-impact solution to achieve your desired goal.

Market Definition

Indium is a metal with various distinctive properties and is a soft silvery-white metal occurring naturally and combined with zinc and some other metals. It has unique properties such as exclusive bonding with cold welding, a high thermal transfer rate, non-metallic substances, reliable properties at cryogenic temperatures, and smoothness.

Drivers

Rise in demand for electronic items

The demand for electronic items such as smartphones, tablets, flat panel displays, laptops, and monitors has increased worldwide. Demand for such electronic products is attributed to various reasons, such as new technology development, rising disposable income, and improving living standards have encouraged customers to purchase them. The recent COVID-19 pandemic has flourished the sales of such products as most working employees and students were working and learning from home, respectively. The technological advancements have found their usage in multiple fields, including app development, software, artificial intelligence, personalized healthcare, and robotics, which further have surged the demand for such equipment. In addition, several developing countries are undergoing a digital transformation, further driving the sales of such electronic products.

Increase in the popularity of solar panels

Sunlight is a renewable energy source. Producing and supplying solar energy is indefinite. Compared to other energy sources, such as fossil fuels, which are non-renewable, the production of solar energy is easier and less costly. Using solar energy does not even contribute to global warming. Solar architecture, concentrated solar energy, photovoltaic cells, and panels are some examples of solar energy technology.

Indium is a metal used in the production of solar panels. Even though the indium demand has recently been low, it is necessary for heterojunction photovoltaics. Due to their optical transparency, electrical conductivity properties, and chemical resistance to moisture, indium tin oxides are widely used materials in solar panels.

Usage in dental alloys

Alloys utilized to make dentures mostly have gold, silver, and palladium as their primary metals, with 0.5% to 10% indium added. Dental implants' corrosion resistance and hardness can be considerably increased by using a minimal amount of metal indium. Additionally, dental amalgam fillings frequently include indium. To avoid the filling becoming hazardous, indium helps maintain mercury. Thus, indium helps save individuals from mercury's toxic side effects in dental amalgam fillings.

Global Indium Market Scope

The global indium market is categorized based on product and application. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Product

Primary
Secondary
Type III

Based on product, the global indium market is classified into three segments primary, secondary, and type III.

Application

Flat Panel Displays
Semiconductor Materials
Photovoltaics
Solders
Alloys
Thermal Interface Materials
Batteries

Based on the application, the global indium market is classified into seven segments flat panel displays, semiconductor materials, photovoltaics, solders, alloys, thermal interface materials, and batteries.

Some of the prominent participants operating in the global indium market are 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. among others.

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