Global Indium Market Size, Share, Opportunities, and Trends by Type (Primary Indium, Secondary Indium, Refined Indium), by Application (Indium Tin Oxide, Semiconductor, Solder and Alloys, Photovoltaics, Thermal Interface Materials, Others), and by Geography - Forecasts from 2025 to 2030

Indium Market Size:

The Global Indium Market is projected to grow at a CAGR of 5.47% during 2025-2030.

Indium Market Trends:

Indium, a chemical element, is the softest non-alkali metal. It is a silvery-white metal that resembles tin. In terms of its qualities, indium is generally halfway between the properties of gallium and thallium and shares a similar chemical composition with both. Indium is extracted as a byproduct during zinc refining, primarily from zinc sulfide ores. Most notably, it is utilised in the semiconductor sector, including low-melting-point metal alloys such as solders, soft metal high-vacuum sealing, and the creation of transparent conductive indium tin oxide (ITO) coatings on glass. Indium is a crucial technology-critical element.

Indium has several uses in the semiconductor industry. Indium antimonide and indium phosphide, for example, are semiconductors with practical characteristics. Light-emitting diodes (LEDS) and laser diodes employ compound semiconductors, such as InGaN and InGaP. Copper indium gallium selenide (CIGS), a form of the second-generation thin-film solar cell, is a semiconductor that is utilised in photovoltaics and is also referred to as CIGS solar cells. Indium and germanium are combined to form PNP bipolar junction transistors, and when they are soldered securely at low temperatures, indium does not impose an excess burden on the germanium.

Indium Market Overview & Scope:

The Global Indium Market is segmented by:

• Type: By type, the global indium market is segmented into primary indium, secondary indium, and Refined Indium.

Application: The global indium market, by application, is segmented into indium tin oxide, semiconductors, solder and alloys, photovoltaics, Thermal Interface Materials and others. Indium has several applications in the electronics, semiconductor, and radio industries due to its high boiling point, low resistance, and corrosion resistance.

• Region:  By geography, the global indium market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific.

Top Trends Shaping the Global Indium Market:

1. Expansion of electronics manufacturing and renewable energy adoption in urbanizing regions

• The growth of industrialisation and urbanisation in many regions worldwide is propelling the application of indium. Indium is widely used in several industries and in everyday life. After adding a small amount of metal indium to the material of dental implants, the corrosion resistance and hardness of these implants significantly improved. Further, in the industry, it is used for the manufacture of industrial bearings. Indium coatings enhance the durability of industrial bearings, supporting niche industrial applications.  

Indium Market: Growth Drivers vs. Challenges

Drivers:

• Growth in electronic equipment: Growth in electronic equipment is increasing household demand globally. According to Stanford Advanced Materials, approximately 70% of global indium consumption is attributed to the production of Indium Tin Oxide targets. These targets are crucial for manufacturing transparent conductive electrodes used in plasma and LCD TV screens.
• Rising solar energy application: Significant steps are taken globally in response to climate change by shifting toward renewable and greener energy sources. Governments worldwide are implementing various laws and programs to address the problems caused by climate change by transitioning to low-energy structures, which is expected to increase demand for solar cells. This will increase the application of indium for solar panels.

Challenges:

• Supply-Chain Constraints: The supply chain challenges are crucial in the indium market. China is one of the world's largest producers of indium. Growing tensions in the South China Sea and geopolitical tensions are critical in the global indium market. Korea Zinc solidified its position as a key player in the global critical minerals supply chain, particularly in response to China's recent expansion of export controls. It is the only domestic producer of three of the five restricted minerals. Additionally, the company is the world's largest producer of refined indium, supplying it to the U.S.

Indium Market Regional Analysis:

• Asia-Pacific: The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies are from this region, such as ASEAN countries.  The Asia Pacific region holds a major share of the global indium market. This is due to the high production of indium, as well as the presence of several display panels and semiconductor manufacturers in the region, including firms such as Samsung and Panasonic. According to data from the United States Geological Survey, China is the world's largest producer of indium.

• North America: North America holds significant shares of the global indium market due to the extensive technology and electronics industry present in the region as well as rising awareness due to environmental concerns. Environmental concerns have driven up demand for solar cells and equipment in North America, positively influencing the indium market.

Indium Market: Competitive Landscape

The market is fragmented, with many notable players, including Indium Corporation, DOWA Holdings, Kurt J. Lesker Company, Nyrstar, Umicore, Avalon Advanced Materials Inc., PPM Pure Metals Gmbh, and Zhuzhou Keneng New Material Co., Ltd, among others:

A few strategic developments related to the market:

• New Research: In February 2023, researchers at the Indian Institute of Technology (IIT), Mandi, India, developed an innovative material that can reduce the radar visibility of stealth vehicles and covert installations. The polyethene terephthalate (PET) sheet used in the suggested design features an ITO coating, making it optically transparent. According to the researchers, the material can absorb a wide range of radar frequencies (signals), regardless of how these signals interact with the object. Additionally, it can be utilized to conceal windows or glass panels in covert buildings and stealthy vehicles.

Indium Market Scope:

Report Metric	Details
Growth Rate	CAGR of 5.47%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Type Application Geography
Geographical Segmentation	Americas, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in the Indium Market	Kurt J. Lesker Company, LLC Nyrstar NV Umicore SA Avalon Advanced Materials Inc. PPM Pure Metals Gmbh
Customization Scope	Free report customization with purchase

 

Indium Market Segmentation:

By Type

• Primary Indium
• Secondary Indium
• Refined Indium

By Application

• Indium Tin Oxide
• Semiconductor
• Solder and alloys
• Photovoltaics
• Thermal Interface Materials
• Others

By Region

• Americas
  • USA
• Europe, the Middle East, and Africa
  • Germany
  • Netherlands
  • Others
• Asia Pacific 
  • China
  • Japan
  • Taiwan
  • South Korea
  • Others

Our Best-Performing Industry Reports:

• Indium Tin Oxide Market
• Indium Phosphide Wafer Market
• RF Power Semiconductor Market

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1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK 

5. GLOBAL INDIUM MARKET BY TYPE

5.1. Introduction

5.2. Primary Indium

5.3. Secondary Indium

5.4. Refined Indium

6. GLOBAL INDIUM MARKET BY APPLICATION

6.1. Introduction

6.2. Indium Tin Oxide

6.3. Semiconductor

6.4. Solder and alloys

6.5. Photovoltaics

6.6. Thermal Interface Materials

6.7. Others

7. GLOBAL INDIUM MARKET BY GEOGRAPHY

7.1. Introduction

7.2. Americas

7.2.1. USA

7.3. Europe, Middle East, and Africa

7.3.1. Germany

7.3.2. Netherlands

7.3.3. Others

7.4. Asia Pacific

7.4.1. China

7.4.2. Japan

7.4.3. Taiwan

7.4.4. South Korea

7.4.5. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. Indium Corporation

9.2. DOWA Holdings Co., Ltd.

9.3. Kurt J. Lesker Company, LLC

9.4. Nyrstar NV

9.5. Umicore SA

9.6. Avalon Advanced Materials Inc.

9.7. PPM Pure Metals GmbH

9.8. Zhuzhou Keneng New Material Co., Ltd.

9.9. Korea Zinc Co. Ltd. 

9.10. Mitsui Mining & Smelting Co., Ltd.

10. APPENDIX

10.1. Currency 

10.2. Assumptions

10.3. Base and Forecast Years Timeline

10.4. Key benefits for the stakeholders

10.5. Research Methodology 

10.6. Abbreviations 

Indium Corporation

DOWA Electronics Materials Co., Ltd. (DOWA Holdings Co., Ltd.)

Kurt J. Lesker Company, LLC

Nyrstar NV

Umicore SA

Avalon Advanced Materials Inc.

PPM Pure Metals Gmbh

Zhuzhou Keneng New Material Co., Ltd.

Teck Resources Limited

Guangxi China Tin Group Co. Ltd.

Nippon Rare Metal Inc.

AIM Metals and Alloys LP

Korea Zinc Co. Ltd.

Mitsui Mining & Smelting Co., Ltd.