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Global Indium Market Report

  • Report Code: IQ1603
  • Published Date: November, 2022
  • Pages: 102

Industry Overview

The Indium market was valued at $342.8 Million in 2022, and is projected to reach $913.9 Million by 2032 growing at a CAGR of 10.38% from 2023 to 2032.Indium is a rare, soft, silvery-white metal that is used in a variety of applications, including electronics, dentistry, and coatings. The demand for indium is driven by the growth of the electronics industry, as indium is used in the production of LCD screens, touch screens, and solar cells. Other drivers of the indium market include the increasing use of indium in dental alloys and the growing demand for indium-coated materials in the aerospace and automotive industries. There are several trends that are shaping the indium market. One trend is the shift towards renewable energy sources, which is driving demand for solar cells that use indium. Another trend is the increasing use of portable electronic devices, such as smartphones and tablets, which is driving demand for indium-based touch screens. There are several companies that are active in the indium market, including Materion Corporation, Nihon Indium Corporation, and Suzhou Dongshan Precision Manufacturing Co., Ltd. These companies are focused on expanding their production capacity and developing new indium-based products to meet the growing demand for the metal. Materion Corporation, for example, has recently invested in the expansion of its indium refinery in China, while Nihon Indium Corporation is working on the development of new indium-based materials for use in electronics and other applications.

 

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