Global Indium Market Size To Exceed USD 1.63 Billion by 2033: Market Size Report

Global Indium Market Size To Exceed USD 1.63 Billion by 2033 

According to a research report published by Spherical Insights & Consulting, The Global Indium Market Size is Expected to Grow from USD 1.02 Billion in 2023 to USD 1.63 Billion by 2033, at a CAGR of 4.80% during the forecast period 2023-2033.                                  

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Indium Market Size, Share, and COVID-19 Impact Analysis, By Application (Displays, Semiconductor Materials, and Solders & Alloys), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.       

The indium market refers to the industry involved in the production, supply, and application of indium, a rare, soft, silvery metal primarily used in electronics and semiconductor industries. Indium is most commonly found in products like flat-panel displays, touchscreens, solar panels, and solders. Due to its unique properties, such as excellent thermal and electrical conductivity, it is crucial in the manufacturing of modern electronic devices. Moreover, the indium market is driven by the increasing demand for electronics, particularly in flat-panel displays, touchscreens, and semiconductors. Growth in renewable energy sectors, such as solar panels, also boosts demand. Additionally, technological advancements in electronics manufacturing and the need for high-performance materials support the market’s expansion. However, restraints in the Indium Market include limited supply and mining challenges, price volatility, and reliance on a few key suppliers. Additionally, the development of alternative materials may reduce indium's demand in some applications.

The displays segment accounted for the largest share of the global indium market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.  

Based on application, the global indium market is divided into displays, semiconductor materials, and solders & alloys. Among these, the displays segment accounted for the largest share of the global Indium market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is primarily due to the widespread use of indium tin oxide (ITO) in flat-panel displays, touchscreens, and liquid crystal displays (LCDs). The growing demand for consumer electronics, such as smartphones, tablets, and televisions, significantly drives this application.

Asia Pacific is projected to hold the largest share of the global indium market over the projected period. 

Asia Pacific is projected to hold the largest share of the global indium market over the projected period. This is driven by the region's dominance in electronics manufacturing, particularly in countries like China, Japan, and South Korea. The increasing demand for consumer electronics, displays, and semiconductor applications in this region contributes significantly to the market's growth.

North America is expected to grow at the fastest CAGR of the global indium market during the projected period. This is supported by strong demand from the electronics and semiconductor industries, particularly in the United States. The region’s focus on technological advancements, the presence of major electronics manufacturers, and growth in renewable energy applications further boost indium consumption.

Company Profiling

Major vendors in the global indium market are Indium Corporation, Teck Resources Limited, ESPI Metals, Inc., Avalon Advanced Materials Inc., Umicore, AIM Solder, Zhuzhou Keneng New Material Co., Ltd., Nippon Rare Metal, Inc., Nyrstar, Lipmann Walton & Co Ltd., and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In June 2024, Durafuse HR, a solder paste based on Durafuse mixed-alloy technology, was introduced by Indium Corporation. It is intended for high-reliability applications and provides increased thermal cycling performance.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global indium market based on the below-mentioned segments:

Global Indium Market, By Application

• Displays
• Semiconductor Materials
• Solders & Alloys

Global Indium Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa