Global Indium Tin Oxide (ITO) Market 2015-2019
ITO is a blend of indium oxide and tin oxide in a ratio of 9:1 by weight. ITO is colourless and transparent when applied in thin layers, however, in bulk, it is yellowish grey in colour. ITO accounts for approximately 97% of the global transparent conductive film market and is widely used in various electronic devices that require excellent display properties. The compound is widely used in the manufacture of touch panels, photovoltaic cells, and LCD panels.
Technavio's analysts forecast the global ITO market to grow at a CAGR of (2.38%) by revenue over the period 2014-2019.
Covered in this Report
Technavio’s report, Global ITO Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from various industry experts. The report includes a comprehensive discussion on the market, an extensive coverage on various types of production techniques, applications, and demand-supply dynamics in various geographies. The report provides comments on both the existing market landscape and its growth prospects over the forecast period. The report further includes a discussion of the key vendors operating in this market.The report further provides data based on the following:
Technavio Announces the Publication of its Research Report – Global Indium Tin Oxide (ITO) Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Indium Tin Oxide (ITO) Market: Densitron Technologies, Efun Technologies, Indium, Nitto Denko, Touch International and Umicore Thin Film Products
Other Prominent Vendors in the market are: Corning Precision Material, Evonik, Green SMTe Swiss, JX Nippon Mining & Metals, Mitsui Mining & Smelting, Tosoh and ULVAC Technologies
Commenting on the report, an analyst from Technavio’s team said: “China is estimated to have about 62% of the total indium reserves. The country is followed by Canada, Japan, and South Korea. China imposes significant duties on exports of the product to ensure ample availability of the element for its domestic end-user industries. However, in recent years the increased production of indium and the piling up of inventories have led to revision of the export policy. In 2014, China relaxed regulations to allow the trading of indium on the global markets. This relaxation of the trade barriers will result in enhanced availability of indium and its derivatives such as ITO in the global markets.”
According to the report, ITO films are applied to plastic or glass substrates to make transparent conducting panels and used in antistatic applications. They provide EMI shielding in flat glass panel displays, reduce RFI on touchscreens, and shield glass windows and doors. These properties of ITO are gaining popularity and enhancing the applications of the compound in various end uses. ITO is also used to reduce or eliminate the buildup of static electricity on the surface of the substrates by absorbing moisture from the air. Antistatic transparent surfaces are gaining popularity and are widely used for end use applications in LCDs, plasma displays, and other screen technologies. ITO is preferred to its substitutes because of its properties such as high transparency, color fastness, and UV resistance.
Further, the report states that any fluctuations in the supply of indium affects its demand from various downstream industries.
Densitron Technologies, Efun Technologies, Indium, Nitto Denko, Touch International, Umicore Thin Film Products, Corning Precision Material, Evonik, Green SMTe Swiss, JX Nippon Mining & Metals, Mitsui Mining & Smelting, Tosoh, ULVAC Technologies