Global Indium Market 2018-2022| Key Insights and Forecasts| Technavio

Technavio has published a new market research report on the global indium market from 2018-2022. (Photo: Business Wire)

LONDON--()--The global indium market is expected to post a CAGR of close to 7% during the period 2018-2022, according to the latest market research report by Technavio.

A key factor driving the growth of the market is the increasing demand for LCDs, which is expected to drive the indium market. Most of the indium produced is used as ITO in LCDs. The demand for bigger displays and tablets is high, with TV screen size being the biggest driving force during the forecast period.

This market research report on the global indium market 2018-2022 provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

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In this report, Technavio highlights the increased use of indium in PV as one of the key emerging trends in the global indium market:

Global indium market: Increased use of indium in PV

Indium is used as CIGS solar panels in PV cells in the form of a thin-film photovoltaic. It represents a small part of the current demand for indium. However, improvements in production efficiency and material intensity of CIGS solar cells can help increase their adoption thereby fueling the demand for indium. The thin-film photovoltaics have numerous advantages over conventional solar energy technologies as they are lightweight, can be applied to uneven surfaces, and they can be rolled up when not in use. CIGS help in achieving high-conversion efficiencies at low costs.

“Vendors are investing in R&D activities for flexible CIGS solar cells, which can help yield high production throughput. Flexible CIGS solar cells can be used in roofing materials, in other building-integrated photovoltaics and in various applications in the aerospace, military, and recreational industries,” says a senior market research analyst at Technavio.

Global indium market: Segmentation analysis

This market research report segments the global indium market by application (ITO thin film coatings, solders and alloys, and others), and geographical regions (APAC, EMEA, and the Americas).

The ITO thin film coatings segment dominated the market with a share of 65%, which is expected to increase further during the forecast period. The market share of the other two segments is expected to see a small decrease in 2022.

APAC led the market in 2017 with close to 38% of the market share in 2017, followed by the Americas and EMEA respectively. The market in APAC is expected to exhibit the highest increase in market share over the forecast period while EMEA and the Americas are expected to see a decline in their market shares.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The global indium market is expected to post a CAGR of close to 7% during 2018-2022, according to the latest market research report by Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com