Global Indium Market is expected to reach 545 million USD by 2024 – QY research

The Global Indium market size was 417 Million USD in 2017 and it will be 545 Million USD in 2024, with a CAGR 3.87% from 2017 to 2024.

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Indium industry has high raw materials barrier. Currently, Resource-rich countries of indium are China, Peru, Korea, Canada and Russia. Globally, zinc concentrates were the principal source of primary indium and resource-rich countries are the major producers of primary indium, such as China and Canada. Secondary feedstock was from ITO producers and Japan was a significant producer and recycler of indium.

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China was the leading producer of refined indium, accounting for more than one-half of global primary production. According to our investigation and USGS, the production volume of indium in China is about 400 MT in 2017. Yunnan, Hunan, Guangxi are the major provinces of indium and China Germanium, Guangxi Debang, Zhuzhou Smelter Group, Huludao Zinc Industry are the tycoons of indium. In the recent years, there are two producers of secondary indium in China.

Japan was a significant producer and recycler of indium and also the largest consumption region of indium owning to the indium tin oxide. Dowa Metals and Mining Co. Ltd. had the capacity to produce about 70 MT/yr of primary indium and to recover up to 150 MT/yr of secondary indium at its zinc smelter and rare metals recycling facility in Akita. Japan was the leading consumer of indium, mostly for the production of ITO. Mitsui Mining & Smelting, JX Nippon Mining & Metals, Tosoh Corporation is the major manufacturers of ITO in Japan.

Market Segment Applications, can be divided into

·        ITO

·        Semiconductor

·        Solder and Alloys

Market Segment by Type, covers

·        Primary Indium

·        Secondary Indium

Global Competitive landscape and key vendors

·        Korea Zinc

·        Dowa

·        Asahi Holdings

·        Teck

·        Umicore

·        Nyrstar

·        YoungPoong

·        PPM Pure Metals GmbH

·        Doe Run

·        China Germanium

·        Guangxi Debang

·        Zhuzhou Smelter Group

·        Huludao Zinc Industry

·        China Tin Group

·        GreenNovo

·        Yuguang Gold and Lead

·        Zhuzhou Keneng

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https://www.qyresearch.com/index/detail/578216/global-indium-market

 

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About QYResearch

QYResearch, established in 2007, focuses on custom research, management consulting, IPO consulting, industry chain research, and data base &seminar services.

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