산화인듐주석(ITO) 시장 : 현황 분석과 예측(2024-2032년)

Indium tin oxide (ITO, or tin-doped indium oxide) is a mixture of indium(III) oxide (In2O3) and tin(IV) oxide (SnO2), typically 90% In2O3, 10% SnO2 by weight. In powder form, indium tin oxide (ITO) is yellow-green in color, but it is transparent and colorless when deposited as a thin film at thicknesses of 1000-3000 angstroms. When deposited as a thin film on glass or clear plastic, it functions as a transparent electrical conductor. ITO is normally deposited by a physical vapor deposition process such as D.C. magnetron sputtering or electron beam deposition. Less frequently, ITO can be incorporated in inks using an appropriate film-forming polymer resin and solvent system and deposited by screen printing - albeit with lower transparency and conductivity compared to a physical deposition process. Of the various transparent conductive oxides (TCOs), ITO is considered the premium TCO, having superior conductivity and transparency, stability, and ease of patterning to form transparent circuitry. ITO is used in a number of display technologies, such as LCD, OLED, plasma, electroluminescent, and electro chromatic displays, as well as in a number of touch screen technologies. Further uses of this versatile material include antistatic indium tin oxide coatings, EMI shielding, photovoltaic solar cells, aircraft windshields, and freezer case glass for demisting.

The Indium Tin Oxide Market is expected to grow with a significant CAGR of 6.5% during the forecast period (2024-2032). The global market of Indium Tin Oxide (ITO) is expanding because of its application in fields such as consumer electronics, renewable power sources, and sophisticated displays. The major factors include increasing demand for touchscreen displays with high resolutions, particularly for inventions such as OLED displays and smart devices in smartphones, tablets, and notebooks. Also, increased demand for solar energy, which incorporates ITO in photovoltaic cells, also drives the growth of the market. The automotive industry is also positively affecting the market by using ITO for smart glass, head-up displays, and in-car entertainment. Moreover, the applications of ITO are also increasing in areas such as flexible electronics, smart windows, and medical devices. Currently, governments of different countries are encouraging adoption of energy efficient products, thus increasing the use of ITO based transparent conductive films. Additionally, there are several factors that may affect the ITO industry, such as the high cost of indium and the availability of better and cheaper materials; however, growing research and advancement in technology are enhancing the use of ITO. Due to the constant changes and developments taking place in various industries, the ITO market is set to experience long-term growth.

Based on the technology category, sputtering is the most widely used technique for Indium Tin Oxide (ITO) due to its ability to produce a highly even thin film with good adhesion, which is critical for touch screens and displays. Its application is increasing because it holds the potentiality of being effective on a fairly wide range of substrates. However, Chemical Vapor Deposition (CVD) is expected to grow significantly in the future. CVD has characteristics, such as conformal coating and thickness control in the range of atomic level, which makes it ideal for new age applications such as flexible electronics and advanced photovoltaics. Additionally, as industries are in search of cost-efficient and optimized technologies to fulfill the desires of new generations of electronic devices, the market for CVD is expected to grow in the future.

Regarding application type, electrochromic displays and LCDs have the highest share in the market. This is because LCDs are among the major applications of ITO, and they are widely used in technologies such as televisions, computers, and other electronics. The unique properties of ITO include electrical conductivity and optical clarity, which makes it fit for the applications mentioned above. However, the photovoltaics segment is expected to grow in the future at a higher pace compared to other segments. As the world is gradually shifting its attention to renewable energy, solar energy solutions are now in high demand. ITO has the role of transparent conductive oxide in the photovoltaic cells to improve their performance by maximizing the transmission of light to the solar cells. This makes ITO an important material in the development of solar technology, hence, it is expected to show significant development in the photovoltaics industry.

For a better understanding of the market, the growth of the Indium Tin Oxide market is analyzed based on their worldwide adoption in different sectors such as electronics, automotive, and energy, in regions such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, France, Belgium., Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), Rest of World. The North America region is expected to have the highest growth in the future. This growth is driven by rising demand for high-resolution display technologies, increasing adoption of smart glass technology, and the expansion of the renewable energy sector in North American countries. Indium Tin Oxide manufacturers in the U.S. and Canada are increasingly adopting innovative technologies to manufacture high-quality and highly efficient ITO materials, leading to high potential growth in this region.

Some of the major players operating in the market include Indium Corporation, UMICORE, NV/SA, Keeling & Walker Limited, Mitsui Mining & Smelting Co., Ltd., Nitto Denko Corporation, Thermo Fisher Scientific, Aritech Chemazone Pvt Ltd., Jaytee Alloys, American Elements, The Kurt J. Lesker Company.

TABLE OF CONTENTS

1.Market Introduction

• 1.1. Market Definitions
• 1.2. Main Objective
• 1.3. Stakeholders
• 1.4. Limitation

2.Research Methodology or Assumption

• 2.1. Research Process of The Indium Tin Oxide Market
• 2.2. Research Methodology of The Indium Tin Oxide Market
• 2.3. Respondent Profile

3.Executive Summary

• 3.1. Industry Synopsis
• 3.2. Segmental Outlook
  • 3.2.1. Market Growth Intensity
• 3.3. Regional Outlook

4.Market Dynamics

• 4.1. Drivers
• 4.2. Opportunity
• 4.3. Restraints
• 4.4. Trends
• 4.5. Pestel Analysis
• 4.6. Demand Side Analysis
• 4.7. Supply Side Analysis
  • 4.7.1. Merger & Acquisition
  • 4.7.2. Investment Scenario
  • 4.7.3. Industry Insights: Leading Startups and Their Unique Strategies

5.Pricing Analysis

• 5.1. Regional Pricing Analysis
• 5.2. Price Influencing Factors

6.Global Indium Tin Oxide Market Revenue (USD Mn), 2022-2032F

7.Market Insights by Technology

• 7.1. Sputtering
• 7.2. Vacuum Evaporation
• 7.3. Chemical Vapour Deposition
• 7.4. Spray Pyrolysis
• 7.5. Others

8.Market Insights by Application

• 8.1. Electrochromic Displays and LCDs
• 8.2. Touch Panels
• 8.3. Photovoltaics
• 8.4. Transparent Electrodes
• 8.5. Others

9.Market Insights by Region

• 9.1. North America
  • 9.1.1. U.S.
  • 9.1.2. Canada
  • 9.1.3. Rest of North America
• 9.2. Europe
  • 9.2.1. Germany
  • 9.2.2. France
  • 9.2.3. Belgium
  • 9.2.4. Italy
  • 9.2.5. Spain
  • 9.2.6. Rest of Europe
• 9.3. Asia-Pacific
  • 9.3.1. China
  • 9.3.2. Japan
  • 9.3.3. India
  • 9.3.4. South Korea
  • 9.3.5. Rest of Asia-Pacific
• 9.4. Rest of World

10.Value Chain Analysis

• 10.1. Marginal Analysis
• 10.2. List of Market Participants

11.Competitive Landscape

• 11.1. Competition Dashboard
• 11.2. Competitor Market Positioning Analysis
• 11.3. Porter Five Forces Analysis

12.Company Profiles

• 12.1. UMICORE, NV/SA
  • 12.1.1. Company Overview
  • 12.1.2. Key Financials
  • 12.1.3. SWOT Analysis
  • 12.1.4. Product Portfolio
  • 12.1.5. Recent Developments
• 12.2. Indium Corporation
• 12.3. Keeling & Walker Limited
• 12.4. Mitsui Mining & Smelting Co., Ltd.
• 12.5. Nitto Denko Corporation
• 12.6. Thermo Fisher Scientific
• 12.7. Aritech Chemazone Pvt Ltd.
• 12.8. Jaytee Alloys
• 12.9. American Elements
• 12.10. The Kurt J. Lesker Company

13.Acronyms & Assumption

14.Annexure