According to the research report titled ‘Global Indium Market Size study, by Product (Primary Indium, Secondary Indium and Type III), by Application (Indium Tin Oxide, Semiconductor and Solder and alloy) and Regional Forecasts 2020-2027’, available with Market Study Report, global indium market is projected to record a considerable growth during 2020-2027.
 

Growing product application in various electronic devices, especially flat panel liquid crystal displays and thin-film photovoltaics, and increasing sales of electronic appliances or gadgets are the key factors driving global indium market expansion.
 

According to Statista, smart phone penetration rate worldwide was 33.5% in 2016, which increased to 44.9% in the year 2020. While, as per Zenith’s Mobile Advertising Forecasts 2017, approximately 66% of global populace owned a smartphone in 2018, up from 63% in 2017 and 58% in 2016. Similarly, China has the highest number of smartphone users in Asia-Pacific, with 1.3 billion users in comparison to 530 million users in India, cited the same source. However, with about 223 million smartphone users in 2017, the United States is also a major player in the smartphone industry.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3002338/
 

For those unversed, indium is a silvery-white soft metal with properties, such as exceptional bonding with nonmetallic substances, high thermal transfer rate, steady characteristics at cryogenic temperatures, and cold welding.
 

Launch of varied and innovative televisions by players has further added to the demand for indium. Citing an instance, in January 2020, Samsung Electronics Co. Ltd., based in South Korea, released a home version of its Micro LED TVs in various range of sizes.
 

On the downside, huge gap between demand-supply, along with fluctuations in price are anticipated to hamper worldwide indium industry remuneration over the study period.
 

Coming to the geographical front, Asia Pacific indium industry is poised to amass substantial returns over the coming years, owing to rising disposable income, and booming population. Moreover, improved living standards leading to spurring production and domestic sales of end products containing indium and electronic items are also adding to the regional market outlook.
 

Established companies in global indium market sphere are Umicore Thin Film Products AG, Touch International Inc., ProTech Materials Inc., PPM Pure Metals GmbH, Nyrstar N.V., Nitto Denko Corporation, Korea Zinc Co. Ltd., Indium Corporation, Avalon Advanced Materials Inc., and 3M Company.