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The global indium tin oxide (ITO) market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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:
IMARC Group provides an analysis of the key trends in each sub-segment of the global indium tin oxide (ITO) market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on technology and application.
Breakup by Technology:
Breakup by Application:
Breakup by Region:
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.
|Base Year of the Analysis||2020|
|Segment Coverage||Technology, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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 and Touch International Inc.|
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|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
Key Questions Answered in This Report:
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