Indium Oxide Market to Expand with Significant CAGR During 2016 - 2024

Indium Oxide Market: Overview

Indium oxide also known as indium sesquioxide is a yellow colored ceramic like material which is insoluble in water. It is an n-type semiconductor and is therefore used as a resistive element in integrated circuits. Indium oxide can be doped with tin dioxide to form indium tin oxide which is used in display technologies such as OLED, plasma electroluminescent, electrochromatic display and LCD. It is used as an antistatic indium oxide coating, in photovoltaic solar cells, aircraft windshields, EMI shielding and nanowires. Indium oxide finds several applications in the electronics industry owing to its semiconductor characteristics.

Indium oxide has excellent optical and antistatic properties. It is used as a substitute of mercury in batteries. Additionally, it forms a transparent conducting ceramic in combination with tin oxide, which is used in the micro electronics industry to form capacitors, resistors and other components. Furthermore, indium oxide is used to form thin film infra-red reflectors. The dark yellow pigment imparted by indium oxide enables the formation of histological stain formulations, in order to study biological samples under microscopes. The nanowires composed out of this chemical are used as redox protein sensors, owing to which they find application in biotechnological studies and biomedical devices.

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Furthermore, indium oxide is used in solar cells due to which it finds application in renewable power generation sources. It can be doped with several materials such as silicon and gallium to form hetero-junctions thereby imparting electrical conductivity to them.

Indium Oxide Market: Drivers

The growing demand for semiconductors from the electronics industry has been propelling the indium oxide market. Nanowires, batteries, electrically charged nanoparticles, optical and anti static coatings among others are extensively used in the electronics industry. Furthermore, electrically charged ceramics find application in electronic parts required in aircrafts and sub marines which have to withstand extreme pressure and temperature conditions. However, the inhalation of indium oxide causes nasal irritation, skin and lung infections owing to which its use is highly regulated in countries such as the U.S and Western Europe. The growing GDP of emerging economies such as China and India is expected to open new avenues of opportunity for the indium oxide market.

Indium Oxide Market: Regional Dynamics

Countries such as China, India and South Korea dominate the global electronics market. There is widespread use of indium oxide in these countries owing to the numerous applications of indium oxide in the electronics industry. In Europe, indium oxide nanoparticles are used by CERN- the European organization for nuclear research. Additionally, in the U.S. indium oxide is used in histo-pathological applications for staining of biological samples. The flourishing biotechnology industry in Israel and the U.S. are minor users of indium oxide for specialty stains.

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Countries such as China and India manufacture mercury-free batteries for use in power back-up inverters. These batteries find application in household inverters. The Indian sub continent and Africa are large markets for mercury-free inverters, owing to which indium oxide has a large consumption in these countries.

Indium Oxide Market: Key Players

The key players in this market are Beijing Cerametek Materials Co., Ltd. Tekra, A Division of EIS, Inc., Umicore Marketing Services, Genvac Aerospace, Inc, Photo Sciences, Inc, Thin Film Devices, Inc, Thin Film Devices, Inc, Colorado Concept Coatings, LLC, Shanghai Huzheng Nano Technology Co., Ltd., Shanghai Huzheng Nanotechnology Co., Ltd, China Leadmat Advanced Materials Co., Ltd, Shanghai Huzheng Nano Technology Co., Ltd., Zhongnuo Advanced Material Technology Co., Ltd, Huizhou Tianyi Rare Material Co., Ltd, Xuzhou Jiechuang New Materials Technology Co., Ltd and Huizhou Tianyi Rare Material Co., Ltd among others.

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