Indium is a soft blue-white metal located in the 4th and IIIA groups of the periodic table. It has an atomic number of 49 and is a silver-white cubic crystal with good ductility, adjacent to Cadmium and Tin.
Overview of Global Indium Market Development and Analysis of Segmented Markets
Indium is a metal element with significant industrial and medical application value, and its market has shown a steady growth trend in the past few years. According to our research data, the total size of the global indium market is expected to reach $437 million in 2023 and may increase to $694 million by 2025.
According to their different sources, indium can be divided into two categories: primary indium and secondary indium. Primary indium is extracted from ores and produced as a byproduct in the processing of other metal ores; Secondary indium refers to the indium produced from discarded electrical and electronic devices. Data shows that the estimated size of the global secondary indium sub-market in 2023 is $261 million, with an estimated market share of 59.73%, occupying a dominant position.
From downstream applications, indium is widely used in semiconductor materials, flat panel displays, as well as solder and alloys. Among them, the field of flat panel displays is the largest downstream application market for indium, with an expected market share of 76.43% in 2023. In addition, indium has no biological toxicity and good compatibility with human tissues, making it used in the manufacturing of medical equipment and materials in the medical field.
Global Indium Market Size Forecast and Market Segment Analysis
Source: www.globalmarketmonitor.com
Analysis of the Development of Indium Markets in Major Regions/Countries Worldwide
Research shows that Japan is the largest consumer and revenue market in the industry. According to our data, the consumption of indium in Japan is expected to reach 943 tons in 2023, with an estimated market sales value of $216.99 million and an expected share of 49.70% of the global total sales value; The South Korean indium market is expected to rank second with sales value of $114.92 million and a 26.32% share. In addition, the indium markets in China, North America, and Europe also play an important role in the global indium market.
Indium Consumption, Sales Value, and Share Forecast by Region/Country in
2023
|
Regions/Countries
|
Consumption (Tons)
|
Sales Value (Million USD)
|
Share
|
|
North America
|
200
|
45.73
|
10.47%
|
|
Europe
|
149
|
33.81
|
7.74%
|
|
China
|
255
|
58.73
|
13.45%
|
|
Japan
|
943
|
216.99
|
49.70%
|
|
South Korea
|
499
|
114.92
|
26.32%
|
|
Others
|
28
|
6.39
|
1.46%
|
Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "China Indium Industry Market Research Report 2023-2029".
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