Indium Market

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Intoduction Indium is non alkali metal. It looks
like silver, it is the softest metal . It is a
chemical element whose atomic number is 49 and
symbolized as In. Indium is the post-transition
metal that makes up 0.21 parts per million of the
Earth's crust. It has a melting point lower than
lithium and tin but higher than sodium and
gallium. Indium is so soft that one can easily
cut this metal by knife. The melting point of
indium is just 157-degree Celsius. Indium metal
also uses to cover the car headlights. Indium tin
oxide (composition of indium tin and oxygen) is
used in touch screens, flat-screen TVs, and solar
panels. Increasing in the usage of smartphone,
tablets, and big-screen gadgets influencing
the consumption of indium.Thus, formulating the
growth of the market during the forecast
period. SEGMENTATION Indium market is segmented
into product, application and by region. Based on
product global indium market is categorized into
primary, secondary and type III. Based on
application global indium market is characterized
into indium tin oxide, semiconductors, solders
and alloys and others. Based on region, global
indium market and colors market is segmented
into North America, Europe, Asia Pacific, Latin
America, Middle East and Africa. Market Dynamics
and Factors The evolution of new technologies for
indium reprocessing from several electronic
products keeping in perspective its economic
significance and excessive supply risk is
another major factor driving the indium market
over the coming period. Moreover, the alloy of
indium and gallium used to make a mirror and as
we can see mirror is used in almost every places
from malls to car and bikes so increasing in
urbanization also help to drive the consumption
of indium. The key driver of indium market is ITO
as it is used in the LCD screens as the use of
smartphones, tablets and other gadgets are
increasing which will ultimately affect the
growth of indium market. However, there are other
substitutes like Poly (3, 4,-ethylene
dioxythiophene) used for flexible touchscreen
phone and gallium for photovoltaic cells can
replace the indium in future. Request Free
Sample Report _at_ https//www.statisticalinsights.co
m/sample- request/18-Indium-Market Regional
analysis Geographically, indium market is
segmented into North America, Europe, Asia
Pacific, Latin America, and the Middle East, and
Africa. The Asia Pacific is the largest producer
and exporter of indium. According to research
studies in 2020, China was the largest producer
of soft metal indium by 500 metric tons followed
by South Korea 200 metric tons, Japan 65 metric
tons, Canada 50 metric tons,
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France 50 metric tons, Belgium 20 metric tons,
Peru 10 metric tons and Russia 5 metric
tons. North America is the second dominating
region considering the supportive infrastructure
to manufacture semiconductors, ITOs, alloys, and
others. According to research studies, it is
forecasted that the volume of indium in the
United States by 2025 would be 237 metric tons
as it has many usages in electronics, such as
semiconductors and touch screens. Europe having
a limited number of indium refineries is expected
to have moderate growth in the coming year. Key
Players Some of the key players of indium market
are 3M Company, Avalon Advanced Materials Inc.,
Indium Corporation, Korea Zinc., Nitto Denko
Corporation, Nystar N.V, PPM Pure Metals GmbH,
ProTech Materials, Inc., Touch International,
Inc., Umicore Thin Film Products. Access
Complete Report _at_ https//www.statisticalinsights.
com/main-report/18- Indium-Market Key Industry
Development June, 2021 Considering future
technology the display screens would be more
thinner, flexible and durable but widely used
indium is not performing the same as it get
cracked on larger area and get break with wear.
Mircrogrid is the emerging and better substitute
of indium as it can perform better than
indium. Continue About The Statistical
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