Los Angeles, January 15, 2020 -“Global Indium Market Research Report 2019,” is the new report which has recently published by QY Research that offers the detailed market study on the market. The global Indium market is likely to obtain US$ 616.8 Mn by the end of 2026 and was previously valued worth US$ 427.3 Mn in 2018. The global Indium market is projected to record a moderate CAGR of 5.5% from 2019 to 2026.
Get PDF sample copy of the report at: https://www.qyresearch.com/sample-form/form/1285561/global-indium-market
Consumer Electronics – A Major Driver of the Global Indium Market
● Electronic devices require transparent conductive layers in flat panels LED, LCD, flat panels, aircraft engines, electroluminescent lamps, and touch panels. Indium has high demand as Indium Tin Oxide (ITO) due to its application as a transparent conductive material in these electronic consumer goods
● Indium has largescale applications in the manufacturing of solder and alloys due to its superior characteristics and is majorly used in ball bearings, which have a high demand in the automotive industry
● The reprocessing and recycling of Indium from the commercialized mechanical, hydrometallurgical, and thermal process is likely to create ample opportunity for manufacturers to turn scrap metal for a financial benefit
ITO Segment is Expected to Grab a Major Share of the Market
The application segment of the market includes Semiconductor, ITO, Alloys and Solder, and Others. ITO is likely to be the largest segment in the application segment and it is expected to grow due to high demand in manufacturing Opto-Electronic material, film photovoltaics, architectural windows, smart windows, polymer-based electronics, and panel liquid crystal displays. This is likely to boost the growth of the ITO segment in the future.
The type segment of the market includes Secondary Indium and Primary Indium.
Growing Presence of Electronic Consumer Goods Companies in China to Foster Regional Market Growth
Increasing usage of electronic consumer goods due to its application in electronic devices particularly in the developing economies of China and India in the Asia-Pacific region is likely to foster the growth of the market. China is a major producer and exporter of indium due to the presence of a large number of manufactures of electronic consumer goods.
In North America, particularly the U.S. also has a significant production of consumer goods, semiconductors, alloys and solders, and Indium tin oxide, which is likely to contribute to the growth of the market.
Key Players – Keen to Cater to End-use Industries
The authors of the report have presented a profile of the leading companies operating in the market. These companies are Dowa, Korea Zinc, Tech, Asahi Holdings, Nyrstar, Umicore, Doe Run, Young Poong, PPM Pure MetalsGmbH, Guangxi Debng, China Germanium, Huludao Zinc Industries, Zhuzhou Smelter Group, Yuguang Gold and Lead, China Tin Group, Zhuzhou Keneng, and GreenNovo.
The market players are keen to offer innovative secondary indium products recycled from electronic goods to maintain sustainability in consumption and metal production. The companies are also keen on developing quality products for the end-use industries.
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