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Indium Oxide Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Report Description

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.

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.

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.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

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