Indium Market Growth & Trends

The global indium market size is estimated to reach USD 1.40 billion by 2030, registering to grow at a CAGR of 4.5% from 2024 to 2030 according to a new report by Grand View Research, Inc. Rising utilization of electronic appliances or gadgets globally is in turn driving the demand for indium. Increasing product applications in various electronic devices mainly in flat panel liquid crystal displays and thin-film photovoltaics are expected to drive the market over the forecast period. 

Indium has been considered as a precious material with multiple physical and chemical properties. It appears in relatively small quantities in the primary form. However, it performs essential functions in a variety of high-value clean tech electronic devices, carbon-free energy technologies, information & communication technology electronic products, and as coatings. Its critical applications in these types of appliances are some of the vital considerations for the growth of the indium industry in the near future.    

Currently, two types of indium coatings are available, which include infra-red conductive and electrically conductive. Electrically conductive coatings are applied in television screens, LCDs, video monitors, portable computer screens to defog locomotive & aircraft windshields, and also to keep the freezers frost-free.

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However, infra-red conductive coatings are being used on windows and other small openings to limit the transfer of radiant heat through the glass. This type of coatings also helps in maintaining the balance in building temperature. It also finds applications in alkaline batteries for building up of hydrogen gas in the sealed battery casing. These conductive coatings are anticipated to experience the increase in demand owing to the rapid development of its application markets.

The primary indium was the major product segment in terms of demand in 2015. This segment is anticipated to maintain a relatively low growth rate in the next eight years. Secondary indium is projected to be the rapidly expanding product segment in comparison to primary and type III indium in terms of revenue. It is anticipated to increase at a CAGR of over 6.7% from 2017 to 2025.

Indium Market Report Highlights

• The global indium market size was valued at USD 1.03 billion in 2023 and is projected to grow at a CAGR of 4.5% from 2024 to 2030.
• Displays accounted for the largest market revenue share of 35.6% in 2023, owing to growing demand for electronic devices such as smartphones, tablets, and flat-panel displays.
• Semiconductor materials are projected to grow at the fastest CAGR of 5.0% over the forecast period.
• Asia Pacific indium market dominated the global indium market with a revenue share of 48.6% in 2023.

Indium Market Segmentation

Grand View Research has segmented the global indium market based on application, and region:

Indium Application Outlook (Revenue, USD Million, 2018 - 2030)

• Displays
• Semiconductor Materials
• Solders & Alloys
• Others

Indium Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• France
• Asia Pacific
• Japan
• China
• India
• Central & South America
• MEA

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