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Indium Tin Oxide Market Share, Size, Analysis and Forecasts 2016-2020

According to the report, innovation and research and development in downstream technologies will be a key driver for market growth. Increased R&D expenditure and innovation in processing and fabricating technologies are propelling market growth.
Indium Tin Oxide Market Analysis, Share and Size, Emerging Trends,
Overview and Outlook, Growth And Segment Forecasts To 2020
Technavio Announces the Publication of its Research Report Global Indium Tin Oxide (ITO) Market 20162020
Technavio recognizes the following companies as the key players in the global indium tin oxide (ITO)
market: 3M, Indium, Nitto Denko, Touch International, and Umicore Thin Film Products.
Other Prominent Vendors in the market are: Corning Precision Material Korea, Evonik, JX Nippon Mining
& Metals, Mitsui Mining & Smelting, Tosoh, and ULVAC Technologies.
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Commenting on the report, an analyst from Technavio’ s team said: “Toxicity concerns and strict
regulations will be a key trend for market growth. The production of nanoscale ITO powders using
various hydrothermal methods is increasing. In addition, ITO powders are being blended with other
categories of nanoparticles to improve the efficiency of the substrate and impart exclusive properties.
However, incidents related to the hazardous effects of exposure to ITO are being reported globally. The
exposure to ITO is found to be higher during recycling. Therefore, the increased adoption of ITO in
various end-user industries is being increasingly evaluated by regulatory bodies; many safeguards and
mandates for the industry are being implemented. Vendors will be forced to adopt sophisticated
processes for the production and recycling of the compound in the future.”
According to the report, innovation and research and development in downstream technologies will be
a key driver for market growth. Increased R&D expenditure and innovation in processing and fabricating
technologies are propelling market growth. Manufacturers are investing heavily in R&D because of the
increasing demand for efficient and sophisticated products from end-user segments such as displays and
PV. There has been a growing demand for materials and substrates that can facilitate efficient energy
conversion in solar panels. This has enhanced R&D efforts to synthesize novel materials for
incorporation into ITO and various inorganic nanomaterials. The semiconducting materials in
conventional cells are likely to be replaced by inorganic nanorods in the future.
Further, the report states that shortage in production of indium will be a challenge for the market. The
availability of indium is uncertain in the near future, and some countries have restricted their indium
trade. For instance, China, the largest producer of indium, has significant import quotas and export
duties on the trading of indium. Such economic protectionism and trade restrictions are affecting the
availability of the compound globally and often result in supply shortages. Indium accounts for 90% of
the total composition of ITO, and any fluctuations in the supply of indium will affect the supply of ITO
and the downstream industries it serves.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
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About Indium Tin Oxide (ITO)
ITO is made of tin oxide and indium oxide in a ratio of 9:1 by weight. It is transparent and colorless when
applied in thin layers. The compound accounts for about 90% of the overall transparent conductive
market and is extensively employed in many electronic devices that are used for military, medicinal,
automotive, and other purposes and require brilliant display and touchscreen properties.
Technavio’ s analysts forecast the global indium tin oxide (ITO) market to grow at a CAGR of 5.96%
during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global indium tin oxide (ITO)
market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed
profiles of the five prominent vendors operating in the market.
The market is divided into the following segments based on geography:
North America
Technavio's report, Global Indium Tin Oxide (ITO) Market 2016-2020, has been prepared based on an indepth market analysis with inputs from industry experts. The report covers the market landscape and its
growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
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Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
[email protected]
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