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Indium Tin Oxide Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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  • 138 Pages
  • September 2023
  • Region: Global
  • IMARC Group
  • ID: 5642380
The global indium tin oxide (ITO) market size reached US$ 1.7 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 2.0 Billion by 2028, exhibiting a growth rate (CAGR) of 1.9% during 2023-2028.

ITO is a transparent semiconductor that is composed of indium, tin and oxygen. It is fabricated through the electron beam evaporation or sputter deposition techniques and is utilized in the form of a thin protective coating over mechanical equipment. Owing to its physical properties, such as colorfastness, electromagnetic induction shielding, ultraviolet resistance and high transparency, ITO finds application in the manufacturing of touch panels, sensors, flat panels, electroluminescent and liquid-crystal displays (ELD/LCD), photovoltaic cells and heat reflective coatings. It is also used for minimizing radio frequency interference on touchscreens and shield glass windows and doors.

The growing electronics industry, along with the increasing utilization of smart devices across the globe, is among the key factors driving the growth of the market. ITO is extensively used in the production of screens and touch panels in televisions, tablets, smartphones, cameras and computer monitors. The increasing preference for smart automobiles equipped with advanced driver assistance systems (ADAS) is also providing a boost to the market growth. Furthermore, the growing adoption of ITO in the manufacturing of thin-film photovoltaic (PV) cells is acting as another growth-inducing factor. In comparison to the traditionally used solar energy systems, they are more cost-effective and have a higher light absorption rate and can be applied to uneven surfaces as well. Other factors favoring the market growth include the utilization of ITO in sodium vapor lamps for street and industrial lighting. These lamps reflect infrared/heat waves to the bulb, thus keeping them warmer and improving their efficiency in cold climatic conditions.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global indium tin oxide (ITO) market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on technology and application.

Breakup by Technology:

  • Sputtering
  • Vacuum Evaporation
  • Chemical Vapour Deposition
  • Spray Pyrolysis
  • Others

Breakup by Application:

  • Electrochromic Displays and LCDs
  • Touch Panels
  • Photovoltaics
  • Transparent Electrodes
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the top indium tin oxide manufacturers being 3M Company, American Elements, Densitron Technologies, EFUN Technology, Umicore, Indium Corporation, Keeling & Walker Ltd, Kurt J. Lesker Company, Mitsui Mining & Smelting Co., Ltd., Nitto Denko Corporation, Samsung Corning Precision Material, Sollensys, Tosoh Corporation, Touch International Inc., etc.

Key Questions Answered in This Report

1. What was the size of the global indium tin oxide (ITO) market in 2022?
2. What is the expected growth rate of the global indium tin oxide (ITO) market during 2023-2028?
3. What are the key factors driving the global indium tin oxide (ITO) market?
4. What has been the impact of COVID-19 on the global indium tin oxide (ITO) market?
5. What is the breakup of the global indium tin oxide (ITO) market based on the technology?
6. What are the key regions in the global indium tin oxide (ITO) market?
7. Who are the key players/companies in the global indium tin oxide (ITO) market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Indium Tin Oxide (ITO) Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Technology
6.1 Sputtering
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Vacuum Evaporation
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Chemical Vapour Deposition
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Spray Pyrolysis
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Application
7.1 Electrochromic Displays and LCDs
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Touch Panels
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Photovoltaics
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Transparent Electrodes
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States Market Trends Market Forecast
8.1.2 Canada Market Trends Market Forecast
8.2 Asia Pacific
8.2.1 China Market Trends Market Forecast
8.2.2 Japan Market Trends Market Forecast
8.2.3 India Market Trends Market Forecast
8.2.4 South Korea Market Trends Market Forecast
8.2.5 Australia Market Trends Market Forecast
8.2.6 Indonesia Market Trends Market Forecast
8.2.7 Others Market Trends Market Forecast
8.3 Europe
8.3.1 Germany Market Trends Market Forecast
8.3.2 France Market Trends Market Forecast
8.3.3 United Kingdom Market Trends Market Forecast
8.3.4 Italy Market Trends Market Forecast
8.3.5 Spain Market Trends Market Forecast
8.3.6 Russia Market Trends Market Forecast
8.3.7 Others Market Trends Market Forecast
8.4 Latin America
8.4.1 Brazil Market Trends Market Forecast
8.4.2 Mexico Market Trends Market Forecast
8.4.3 Others Market Trends Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players
12.3 Profiles of Key Players
12.3.1 3M Company Company Overview Product Portfolio Financials SWOT Analysis
12.3.2 American Elements Company Overview Product Portfolio
12.3.3 Densitron Technologies Company Overview Product Portfolio
12.3.4 EFUN Technology Company Overview Product Portfolio Financials
12.3.5 Umicore Company Overview Product Portfolio Financials SWOT Analysis
12.3.6 Indium Corporation Company Overview Product Portfolio
12.3.7 Keeling & Walker Ltd Company Overview Product Portfolio Financials
12.3.8 Kurt J. Lesker Company Company Overview Product Portfolio
12.3.9 Mitsui Mining & Smelting Co., Ltd. Company Overview Product Portfolio
12.3.10 Nitto Denko Corporation Company Overview Product Portfolio Financials SWOT Analysis
12.3.11 Samsung Corning Precision Material Company Overview Product Portfolio
12.3.12 Sollensys Company Overview Product Portfolio
12.3.13 Tosoh Corporation Company Overview Product Portfolio Financials SWOT Analysis
12.3.14 Touch International Inc. Company Overview Product Portfolio

Companies Mentioned

  • 3M Company
  • American Elements
  • Densitron Technologies
  • EFUN Technology
  • Umicore
  • Indium Corporation
  • Keeling & Walker Ltd
  • Kurt J. Lesker Company
  • Mitsui Mining & Smelting Co. Ltd.
  • Nitto Denko Corporation
  • Samsung Corning Precision Material
  • Sollensys
  • Tosoh Corporation
  • Touch International Inc.



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