Global Indium Market Size, Share, Opportunities, And Trends By Type (Primary Indium, Secondary Indium, Type III), By Application (Indium Tin Oxide, Semiconductor, Solder And Alloys, Others), And By Geography – Forecasts From 2025 To 2030

Indium Market Size:

The global indium market is projected to grow at a CAGR of 5.47% between 2025 -2030.

Indium is a chemical element and is the softest metal that is not an alkali metal. It is a silvery-white metal that looks similar to tin. In terms of its qualities, indium is generally halfway between the properties of gallium and thallium and shares a similar chemical composition with both. When zinc is refined, indium is extracted as a byproduct and is a minor component in zinc sulfide ores. Most notably, it is utilized in the semiconductor sector, low-melting-point metal alloys like solders, soft metal high-vacuum sealing, and the creation of transparent conductive indium tin oxide (ITO) coatings on glass. Indium is a crucial technology-critical element. Indium has no biological function, but its compounds are poisonous when injected into the bloodstream. The two main routes of occupational exposure are inhalation and ingestion, both of which result from indium substances being only weakly absorbed.

Indium has several uses in the semiconductor industry. Indium antimonide and indium phosphide, for example, are semiconductors with practical characteristics. Light-emitting diodes (LEDs) and laser diodes employ compound semiconductors InGaN and InGaP. Copper indium gallium selenide (CIGS), a form of the second-generation thin-film solar cell, is a semiconductor that is utilized in photovoltaics and is also referred to as CIGS solar cells. Indium and germanium are combined to form PNP bipolar junction transistors, and when they are soldered securely at low temperatures, indium does not impose an excess burden on the germanium.

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Global Indium Market Overview & Scope:

The Global Indium Market is segmented by:

• Type: By type, the global indium market is segmented into primary indium, secondary indium, and Type III.
• Application: The global indium market, by application, is segmented into indium tin oxide, semiconductors, solder and alloys, and others. Indium has several applications in the electronic, semiconductor, and radio industries due to its high boiling points, low resistance, and corrosion resistance.
• Region:  By geography, the global indium market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. 

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Top Trends Shaping the Global Indium Market: 

• Growing industrialization and urbanization

The growth of industrialization and urbanization in many regions worldwide is propelling the application of indium. Indium is widely used in several industries and everyday life. It is known as an alloy used in dentures. After adding a small amount of metal indium to the material of dental implants, the corrosion resistance and hardness of these implants significantly improved. Further, in the industry, it is used for the manufacture of industrial bearings. If the surface of the bearing is plated with indium, the service life of the bearing is 5 times longer than the others. The growth of industrialization plays a crucial role in the global indium market’s expansion.

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Global Indium Market: Growth Drivers vs. Challenges:

Drivers:

• Growth in electronic equipment: Growth in electronic equipment is increasing household demand globally. According to Stanford Advanced Materials, approximately 70% of global indium consumption is attributed to the production of Indium Tin Oxide targets. These targets are crucial in manufacturing transparent conductive electrodes for plasma and LCD TV screens. 
• Rising solar energy application: Significant steps are taken globally in response to climate change by shifting toward renewable and greener energy sources. Governments worldwide are implementing several laws and programs to address the problems brought on by climate change by converting to low-energy structures, which will boost the demand for solar cells. This will increase the application of indium for solar panels.

Challenges:

• Supply-Chain Constraints: The supply chain challenges are crucial in the indium market. China is one of the largest producers of indium in the world. Growing tensions in the South China Sea and geo-political tensions are critical in the global indium market. In February 2025, Korea Zinc solidified its position as a key player in the global critical minerals supply chain, particularly in response to China's recent expansion of export controls. It is the only domestic producer of three of the five restricted minerals. Additionally, the company is the world's largest producer of refined indium, supplying to the U.S.

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Global Indium Market Regional Analysis:

• Asia-Pacific: The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies are from this region, such as ASEAN countries.  Asia Pacific region holds a major share of the global indium market. This is due to the high production of indium as well as the presence of several display panels and semiconductor manufacturers in the region, including firms like Samsung and Panasonic. According to data from the United States Geological Survey, China is the largest producer of indium in the world. 
• North America: North America holds significant shares of the global indium market due to the extensive technology and electronics industry present in the region as well as rising awareness due to environmental concerns. Environmental concerns have boosted the demand for solar cells and equipment in North America, which is positively serving the indium market.

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Global Indium Market: Competitive Landscape

The market is fragmented, with many notable players, including Indium Corporation, DOWA Holdings, Kurt J. Lesker Company, Nyrstar, Umicore, Avalon Advanced Materials Inc., PPM Pure Metals Gmbh, and Zhuzhou Keneng New Material Co., Ltd, among others:

A few strategic developments related to the market:

New Research: In February 2023, researchers at the Indian Institute of Technology (IIT), Mandi, India, developed an innovative material that can reduce the radar visibility of stealth vehicles and covert installations. The polyethylene terephthalate (PET) sheet used in the suggested design has an ITO coating that makes it optically transparent. According to the researchers, the material can absorb a wide variety of radar frequencies (signals), regardless of how these signals strike the object. Additionally, it can be utilized to conceal windows or glass panels in covert buildings and stealthy vehicles.

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Indium Market Scope:

Report Metric	Details
Growth Rate	CAGR of 5.47%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Type Application Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in the Indium Market	Indium Corporation DOWA Holdings Kurt J. Lesker Company Nyrstar Umicore
Customization Scope	Free report customization with purchase

 

Global Indium Market Segmentation: 

• By Type
  • Primary Indium
  • Secondary Indium
  • Type III
• By Application
  • Indium Tin Oxide
  • Semiconductor
  • Solder and alloys
  • Others
• By Region
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Taiwan
    • Others

Our Best-Performing Industry Reports:

• Indium Phosphide Wafer Market
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• Indium Tin Oxide Market

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1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK 

5. GLOBAL INDIUM MARKET BY TYPE

5.1. Introduction

5.2. Primary Indium

5.3. Secondary Indium

5.4. Type III

6. GLOBAL INDIUM MARKET BY APPLICATION

6.1. Introduction

6.2. Indium Tin Oxide

6.3. Semiconductor

6.4. Solder and alloys

6.5. Others

7. GLOBAL INDIUM MARKET BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. USA

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. United Kingdom

7.4.2. Germany

7.4.3. France

7.4.4. Spain

7.4.5. Others

7.5. Middle East and Africa

7.5.1. Saudi Arabia

7.5.2. UAE

7.5.3. Others

7.6. Asia Pacific

7.6.1. China

7.6.2. Japan

7.6.3. India

7.6.4. South Korea

7.6.5. Taiwan

7.6.6. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. Indium Corporation

9.2. DOWA Holdings

9.3. Kurt J. Lesker Company

9.4. Nyrstar

9.5. Umicore

9.6. Avalon Advanced Materials Inc.

9.7. PPM Pure Metals GmbH

9.8. Zhuzhou Keneng New Material Co., Ltd.

10. APPENDIX

10.1. Currency 

10.2. Assumptions

10.3. Base and Forecast Years Timeline

10.4. Key benefits for the stakeholders

10.5. Research Methodology 

10.6. Abbreviations 

LIST OF FIGURES

LIST OF TABLES

Indium Corporation

DOWA Holdings

Kurt J. Lesker Company

Nyrstar

Umicore

Avalon Advanced Materials Inc.

PPM Pure Metals GmbH

Zhuzhou Keneng New Material Co., Ltd.