A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Indium
Oxide
Market. The
study, titled “Indium
Oxide Market - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Indium
Oxide Market: Overview
Indium
oxide also known as indium sesquioxide is a yellow colored ceramic
like material which is insoluble in water. It is an n-type
semiconductor and is therefore used as a resistive element in
integrated circuits. Indium oxide can be doped with tin dioxide to
form indium tin oxide which is used in display technologies such as
OLED, plasma electroluminescent, electrochromatic display and LCD. It
is used as an antistatic indium oxide coating, in photovoltaic solar
cells, aircraft windshields, EMI shielding and nanowires. Indium
oxide finds several applications in the electronics industry owing to
its semiconductor characteristics.
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Indium
oxide has excellent optical and antistatic properties. It is used as
a substitute of mercury in batteries. Additionally, it forms a
transparent conducting ceramic in combination with tin oxide, which
is used in the micro electronics industry to form capacitors,
resistors and other components. Furthermore, indium oxide is used to
form thin film infra-red reflectors. The dark yellow pigment imparted
by indium oxide enables the formation of histological stain
formulations, in order to study biological samples under microscopes.
The nanowires composed out of this chemical are used as redox protein
sensors, owing to which they find application in biotechnological
studies and biomedical devices.
Furthermore,
indium oxide is used in solar cells due to which it finds application
in renewable power generation sources. It can be doped with several
materials such as silicon and gallium to form hetero-junctions
thereby imparting electrical conductivity to them.
Indium
Oxide Market: Drivers
The
growing demand for semiconductors from the electronics industry has
been propelling the indium oxide market. Nanowires, batteries,
electrically charged nanoparticles, optical and anti static coatings
among others are extensively used in the electronics industry.
Furthermore, electrically charged ceramics find application in
electronic parts required in aircrafts and sub marines which have to
withstand extreme pressure and temperature conditions. However, the
inhalation of indium oxide causes nasal irritation, skin and lung
infections owing to which its use is highly regulated in countries
such as the U.S and Western Europe. The growing GDP of emerging
economies such as China and India is expected to open new avenues of
opportunity for the indium oxide market.
Indium
Oxide Market: Regional Dynamics
Countries
such as China, India and South Korea dominate the global electronics
market. There is widespread use of indium oxide in these countries
owing to the numerous applications of indium oxide in the electronics
industry. In Europe, indium oxide nanoparticles are used by CERN- the
European organization for nuclear research. Additionally, in the U.S.
indium oxide is used in histo-pathological applications for staining
of biological samples. The flourishing biotechnology industry in
Israel and the U.S. are minor users of indium oxide for specialty
stains.
Countries
such as China and India manufacture mercury-free batteries for use in
power back-up inverters. These batteries find application in
household inverters. The Indian sub continent and Africa are large
markets for mercury-free inverters, owing to which indium oxide has a
large consumption in these countries.
Indium
Oxide Market: Key Players
The
key players in this market are Beijing Cerametek Materials Co., Ltd.
Tekra, A Division of EIS, Inc., Umicore Marketing Services, Genvac
Aerospace, Inc, Photo Sciences, Inc, Thin Film Devices, Inc, Thin
Film Devices, Inc, Colorado Concept Coatings, LLC, Shanghai Huzheng
Nano Technology Co., Ltd., Shanghai Huzheng Nanotechnology Co., Ltd,
China Leadmat Advanced Materials Co., Ltd, Shanghai Huzheng Nano
Technology Co., Ltd., Zhongnuo Advanced Material Technology Co., Ltd,
Huizhou Tianyi Rare Material Co., Ltd, Xuzhou Jiechuang New Materials
Technology Co., Ltd and Huizhou Tianyi Rare Material Co., Ltd among
others.
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to view Sample Report:
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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