Indium Tin Oxide (ITO) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Indium Tin Oxide (ITO) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

  • June 2020 •
  • 111 pages •
  • Report ID: 5917271 •
  • Format: PDF
The global indium tin oxide (ITO) market is currently witnessing strong growth.

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. Looking forward, the analyst expects the market to register a CAGR of around 6% during 2020-2025.

Breakup by Technology:
Vacuum Evaporation
Chemical Vapour Deposition
Spray Pyrolysis

Breakup by Application:
Electrochromic Displays and LCDs
Touch Panels
Transparent Electrodes

Breakup by Region:
North America
United States
Asia Pacific
South Korea
United Kingdom
Latin America
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players 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:
How has the global indium tin oxide market performed so far and how will it perform in the coming years?
What are the key regional markets?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global indium tin oxide market and who are the key players?
What is the degree of competition in the industry?