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Global Indium Tin Oxide Market 2016-2020

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:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Indium Tin Oxide (ITO) Market 2016-2020, has been prepared based on an in-depth 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.

Key vendors
  • 3M
  • Indium
  • Nitto Denko
  • Touch International
  • Umicore Thin Film Products
Other prominent vendors
  • Corning Precision Material Korea
  • Evonik
  • JX Nippon Mining & Metals
  • Mitsui Mining & Smelting
  • Tosoh
  • ULVAC Technologies
Market driver
  • Antistatic and electromagnetic shielding applications of ITO
  • For a full, detailed list, view our report
Market challenge
  • Shortage in production of indium
  • For a full, detailed list, view our report
Market trend
  • Increase in recycling practice of ITO for extraction of indium
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Indium Tin Oxide (ITO) Market 2016-2020

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.

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.

Companies Mentioned

3M, Indium, Nitto Denko, Touch International, Umicore Thin Film Products, Corning Precision Material Korea, Evonik, JX Nippon Mining & Metals, Mitsui Mining & Smelting, Tosoh, ULVAC Technologies.

  • Executive summary
    • Highlight
      • Table ITO versus alternative technologies 2015 and 2020
  • Scope of the report
    • Market overview
      • Table Segmentation of global ITO market
      • Table Segmentation of global ITO market by technology
      • Table Segmentation of global ITO market by application
      • Table Segmentation of global ITO Market by geography
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Product definition and scope of use
      • Table Market share of transparent conductor films 2015
      • Table Major applications of transparent conductors
    • Market outlook
    • Value chain
      • Table Value chain of ITO
  • Market landscape
    • Market outlook and forecast
      • Table Global ITO market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by technology
    • Outlook
      • Table Global ITO market by technology 2015
  • Market segmentation by application
    • Outlook
      • Table Global ITO market by application 2015
      • Table Global ITO market by application 2020
    • Market for ITO in electrochromic displays and LCDs segment
      • Table Market for ITO in electrochromic displays and LCDs segment 2015-2020 ($ billions)
    • Market for ITO in touch panels (resistive and capacitive) segment
      • Table Market for ITO in touch panels (resistive and capacitive) segment 2015-2020 ($ millions)
    • Market for ITO in PV segment
      • Table Market for ITO in PV segment 2015-2020 ($ millions)
    • Market for ITO in transparent electrodes segment
      • Table Market for ITO in transparent electrodes segment 2015-2020 ($ millions)
    • Market for ITO in other applications
      • Table Market for ITO in other applications 2015-2020 ($ millions)
  • Geographical segmentation
    • Outlook
      • Table Global ITO market by geography 2015
      • Table Global ITO market by geography 2020
    • ITO market in APAC
      • Table ITO market in APAC 2015-2020 ($ billions)
    • ITO market in North America
      • Table ITO market in North America 2015-2020 ($ millions)
    • ITO market in Europe
      • Table ITO market in Europe 2015-2020 ($ millions)
    • ITO market in ROW
      • Table ITO market in ROW 2015-2020 ($ millions)
  • Market drivers
    • Antistatic and electromagnetic shielding applications of ITO
    • Augmented use of ITO-based touchscreen devices
      • Table Global shipment of touchscreen displays 2015-2020
    • Innovation and R&D in downstream technologies of ITO
      • Table Global solar PV capacity 2015 (gigawatts)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Shortage in production of indium
      • Table World refinery production of indium 2014-2015 (million tons)
    • Restrictions in mechanical properties of ITO limiting market growth
    • Stringent entry barriers for new players and premium pricing of ITO
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Increase in recycling practice of ITO for extraction of indium
    • Growth in exports of ITO and indium in China
      • Table Indium export in China 2015
    • Toxicity concerns and strict regulations
  • Vendor landscape
    • Competitive scenario
    • Key market vendors
      • Table Key market vendors 2015
    • Key news
    • Global customer base concentration
      • Table Global customer base concentration in ITO market 2015
    • Porter's generic strategy
      • Table Porter's generic strategy
    • Growth strategies for ITO manufacturers in 2015
      • Table Growth strategies for ITO manufacturers in 2015
    • Other prominent vendors
  • Key vendor analysis
    • 3M
      • Table 3M: Business segmentation by revenue 2015
      • Table 3M: Revenue segmentation by geography 2015
    • Indium Corporation
      • Table Indium Corporation: Product offering
      • Table Indium Corporation: Geographic presence 2015
    • Nitto Denko
      • Table Nitto Denko: Business segmentation by revenue in 2015
      • Table Nitto Denko: Revenue segmentation by geography 2015
    • Touch International
      • Table Touch International: End markets 2015
    • Umicore Thin Film Products
      • Table Umicore Thin Film Products: Geographic presence 2015
  • Appendix
    • List of abbreviations
  • Explore Technavio

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