GVR Report cover Indium Tin Oxide Market Size, Share & Trends Report

Indium Tin Oxide Market Size, Share & Trends Analysis Report By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

  • Report ID: GVR2117
  • Number of Pages: 0
  • Format: Electronic (PDF)

The global indium tin oxide market is expected to rise over the forecast period on account of growing demand from end-use industries such as the electronic sector along with the construction industry. Indium tin oxide (ITO) consists of tin oxide and indium oxide present in solid form and on the weight basis indium oxide contains 10% tin oxide and 90% indium oxide. It is a transparent conducting oxide member. Various indium tin oxide application includes heat reflective coatings, touch panels, gas sensors, LCD displays, electrochromic, field emission displays, electroluminescent display photovoltaic, plasma displays, and energy-efficient window. Owing to outstanding physical properties, indium tin oxide is the most popular transparent conduction oxide used widely across the globe. Surging tablets, PC and mobile phone demand is expected to propel the market across the globe over the forecast period. Rising flexible and transparent electronics are expected to further contribute to global market growth over the forecast period. Thin indium tin oxide layer is transparent and colorless, whereas when it is collected in bulk it appears in yellowish-grey color. High production cost is expected to emerge as major market restraint in the global market. Therefore, opting for technological improvement is expected to be the major market opportunity in order to minimize production costs over the forecast period. More research and development activities in order to find ITO alternatives are expected to further obstruct the global market over the forecast period.

The global indium tin oxide market is segmented on the basis of technology and application. The technology segment is categorized as low-temperature vacuum deposition, sputtering technique, and electron beam evaporation.  Among all the technologies, the sputtering technique was the common and most preferred technology for ITO production. Application segment consists of photovoltaic cells, transparent electrodes, electrochromic and LCD displays, EMI/RFI shielding, field emission displays, a plasma display, resistive and capacitive touch panels, and others. Others sub-segment includes heat reflective coatings, energy-efficient windows, and gas sensors. Most of the ITO applications are from the electronic sector. Asia Pacific was holding the major indium tin oxide (ITO) share in the global market. Huge indium tin oxide demand from Asia Pacific countries such as Korea, China, and Japan are expected to be the major factor contributing to regional market growth over the forecast period.

Increasing disposable income, expanding electronic sector, and rising living standards are some other factors that are expected to drive the market over the forecast period. India is also expected to contribute positively towards global ITO market growth owing to huge demand from the electronics industry. The moderate growth rate is expected in North America followed by Europe on account of high manufacturing costs associated with it. Countries such as Belgium, Canada, and Peru are expected to be the major ITO producers over the forecast year. Global indium tin oxide market players include Touch International, Samsung Corning Precision Material, Indium Corporation, Efun Technologies, American Elements, Sollensys, Nitto Denko Corp, Emicore Thin Film Products, Densitron Technologies and 3M across the globe. Major players involved in this market are Kurt J Lesker Co. and Keeling Walker. The global market is highly fragmented in nature. Companies are expected to focus on business expansion in developing countries where huge ITO demand can be predicted. It is expected to help the companies to increase market share coupled with global network expansion. Companies are also expected to continue their research and development activities for new technologies owing to which company can cut down its production cost along with product line improvement, enhance plant efficiency and increase production capacity to increase their revenues.

gvr icn

GET A FREE SAMPLE

gvr icn

This FREE sample includes data points, ranging from trend analyses to estimates and forecasts. See for yourself.

gvr icn

NEED A CUSTOM REPORT?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities. Contact us now

Certified Icon

We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.