Indium fell to 2,525 CNY/Kg on August 29, 2025, down 1.56% from the previous day. Over the past month, Indium's price has fallen 8.35%, and is down 15.13% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Indium.

The price of the indium in USA reached 238800 USD/MT (H2 2023 Avg Price). Similarly, in China, the indium prices hit 349675 USD/MT (H2 2023 Avg Price). The report examines the elements influencing indium price fluctuations, such as supply-demand dynamics, geopolitical factors, and industry-specific developments.

The global indium market is projected to exhibit a CAGR of 6.81% during the forecast period from 2025 to 2033, reaching a value of $1,187.10 million by 2033. The market was valued at $674.52 million in 2019. The growth of the market is attributed to the increasing demand for indium in various applications, such as soldering and brazing, flat panel displays, solar cells, and semiconductors. Indium is a soft, silvery-white metal that is highly malleable and ductile. It is a relatively rare metal, and the majority of the world's indium is produced as a byproduct of zinc mining. The largest producers of indium are China, Canada, and Peru. Indium is used in a wide variety of applications, including: * Soldering and brazing: Indium is used in solder and brazing alloys because of its low melting point, good wettability, and high strength. Indium-based solders are used in a variety of industries, including electronics, automotive, and aerospace. * Flat panel displays: Indium is used in the transparent electrodes of flat panel displays, such as LCDs and OLEDs. Indium-tin oxide (ITO) is the most common transparent electrode material, and it is used in a wide variety of flat panel displays, including TVs, monitors, and smartphones. * Solar cells: Indium is used in the thin-film solar cells that are used in a variety of applications, including solar panels, building-integrated photovoltaics, and portable chargers. Indium-gallium-arsenide (InGaP) and indium-gallium-phosphide (InGaP2) are the most common thin-film solar cell materials, and they are used in a wide variety of applications, including solar panels, building-integrated photovoltaics, and portable chargers. * Semiconductors: Indium is used in the production of semiconductors, such as transistors and diodes. Indium-based semiconductors are used in a variety of electronic devices, including computers, smartphones, and TVs. Recent developments include: Indium's unique properties, including its low melting point, excellent thermal conductivity, and corrosion resistance, drive its demand in various industries. The Indium Market is projected to reach USD 14.6 billion by 2032, exhibiting a CAGR of 6.81% from 2023 to 2032.The electronics sector remains the dominant consumer of indium, utilizing it in semiconductors, solder alloys, and displays. The automotive industry also presents a significant growth opportunity due to the rising adoption of electric vehicles and the increasing use of indium in batteries and power electronics.Key market players are focusing on expanding their production capacities and geographical reach. For instance, in 2023, Indium Corporation announced plans to invest USD 30 million to expand its production facility in South Korea. Such investments aim to meet the growing demand for indium and maintain a competitive edge.Recent developments include the discovery of new indium-rich deposits, such as the recent discovery in Canada by Zinc8 Energy Solutions. These discoveries have the potential to increase the global supply of indium and stabilize prices. Additionally, ongoing research on recycling and recovering indium from electronic waste offers promising opportunities for sustainable indium sourcing.. Key drivers for this market are: Foldable display technology Solar cell applications 5G telecommunication networks Semiconductor industry Medical imaging. Potential restraints include: 1 Rising demand from the electronics industry2 Increasing use in solar cell applications3 Growing adoption of display technologies4 Limited supply due to geopolitical factors5 Fluctuating prices due to market volatility.

The global indium market is projected to expand with a substantial CAGR during the forecast period, between 2020 and 2027. Growing consumer electronics industry is driving the overall market growth.
Indium is the softest metal that is not an alkali metal. It looks like silvery-white metal that resembles tin in appearance. Indium as a metal has many distinctive properties. Some of these consist of high rate of thermal transfer, softness, unique bonding with non-metallic substances, consistent properties at cryogenic temperatures, and cold welding.

Market Trends, Drivers, Restraints, and Opportunities:

• Rising demand for transparent conductive layers in flat panels, LCD, LED, touch panels, electroluminescent lamps, and in aircraft engines is anticipated to drive the market growth during the forecast period.
• Growing demand for indium for the manufacturing of medium and small-sized LCD panels is projected to propel the overall product demand in the coming years.
• Development of new technologies for indium recycling is expected to bolster the growth for the market.
• Several supply concerns along with extensive price volatility associated with indium is anticipated to restrain the market growth in the coming years.
• Growing R&D activities by key players are estimated to generate lucrative market opportunities for the overall market growth over the forecast period.

Scope of the Report:

The size of the Indium Market was valued at USD 1.07 billion in 2023 and is projected to reach USD 1.46 billion by 2032, with an expected CAGR of 4.5 % during the forecast period. The indium market is growing steadily, primarily due to its critical role in various high-tech applications such as electronics, solar energy, and semiconductors. Indium is a rare metal with unique properties, including high thermal and electrical conductivity, which makes it indispensable for the production of electronic components such as touchscreens, flat-panel displays, and semiconductors. The rise in the demand for consumer electronics, including the growth of smartphone, tablet, and television demand, is significant contributor to this market's expansion. Besides the electronics usage of indium, more uses are growing in renewable energy. Indium is an important material for thin-film solar panels, especially those based on the CIGS technology that is gaining popularity due to high efficiency and lower cost than traditional silicon-based solar panels. In addition, indium is used in various alloys, solders, and coatings to improve the strength, corrosion resistance, and durability of materials in the automotive, aerospace, and military industries. It also has challenges like the too small supply of the metal. Indium is mined as a by-product of zinc. It has a very expensive production process. Recent developments include: In June 2024, Indium Corporation introduced Durafuse HR, a solder paste utilizing Durafuse mixed-alloy technology, designed for high-reliability applications, offering improved thermal cycling performance. , In October 2023,AIM Solder completed the acquisition of William Rowland Limited's solder products division, expanding its portfolio with solders and alloys, further solidifying its position in the industry .

The high-purity indium market, currently valued at $1465 million in 2025, is projected to experience steady growth, driven by its indispensable role in various advanced technologies. A compound annual growth rate (CAGR) of 5% from 2025 to 2033 indicates a significant expansion, reaching an estimated market value exceeding $2200 million by 2033. This growth is fueled by the increasing demand for indium in flat panel displays, particularly in the burgeoning LED and OLED sectors. The expanding solar energy market also contributes significantly, with indium tin oxide (ITO) playing a crucial role in solar cell efficiency. Further advancements in semiconductor technology and the development of new applications in specialized electronics, such as medical devices and aerospace components, are anticipated to bolster market expansion throughout the forecast period. Competitive landscape analysis reveals key players like Korea Zinc, Umicore, and others actively contributing to the market's dynamism through innovation and supply chain management. However, the market faces certain challenges. Fluctuations in indium prices due to supply chain vulnerabilities and geopolitical factors could potentially hinder growth. Furthermore, the emergence of alternative materials aimed at replacing indium in some applications poses a long-term threat. Nevertheless, ongoing research and development efforts focusing on improving indium extraction techniques and exploring new applications are expected to mitigate these restraints and sustain market growth over the long term. The segmentation of the market, while not explicitly detailed, likely includes divisions based on purity levels, application types, and geographical regions, each contributing to the overall market size and growth trajectory.

In 2024, the free market price of indium was estimated at *** U.S. dollars per kilogram. This represented an increase of nearly ** percent in comparison to the previous year, when indium prices stood at some *** U.S. dollars per kilogram. Prices are based on a ***** percent-minimum-purity of indium at the warehouse located in Rotterdam.

The Indium Tin Oxide Market Report is Segmented by Technique (Sputtering Deposition, Electron-Beam Evaporation, Other Techniques), Application (Optoelectronics, Photovoltaic Cells, and More), End-User Industry (Consumer Electronics, Renewable Energy, and More), and Geography (Asia-Pacific, North America, Europe, South America, Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

Primary Indium Market Outlook

The global market size of the Primary Indium market is projected to grow from USD 500 million in 2023 to approximately USD 800 million by 2032, showing a Compound Annual Growth Rate (CAGR) of 5.5% over this period. The growth of the Primary Indium market is fueled by increasing demand across various applications, particularly in the electronics and solar energy sectors. The expanding use of indium in advanced electronic devices, coupled with the rising incorporation of indium into renewable energy solutions, stands as a critical driver of this market's upward trajectory.

One of the primary growth factors of the Primary Indium market is the soaring demand for high-tech and efficient electronic devices. Indium is a critical component in the manufacturing of touchscreens, LCDs, and semiconductors due to its excellent conductive properties. As the consumer electronics market continues to expand with the advent of new technologies, such as 5G and IoT, the demand for indium is expected to increase significantly. Moreover, the proliferation of wearable devices and smart appliances further accentuates the need for indium, driving the market forward. Additionally, the miniaturization trend in electronics necessitates components that can perform efficiently at smaller scales, and indium fits this requirement well, thus further bolstering its market growth.

The push for cleaner, renewable energy sources is another significant factor propelling the indium market. Indium is a vital component in the production of CIGS (Copper Indium Gallium Selenide) solar panels, which are known for their high efficiency and flexibility. As countries worldwide implement stringent regulations to reduce carbon emissions, the adoption of solar energy solutions is expanding exponentially. This trend directly translates into increased demand for indium, especially in regions aggressively pursuing renewable energy targets like Europe and North America. These regions are investing heavily in solar infrastructure, consequently driving the demand for indium and supporting its market growth over the forecast period.

Furthermore, the automotive industry's shift towards electric vehicles (EVs) and smart technologies is also contributing to the rising demand for indium. Indium is used in various automotive applications, including advanced sensors and lighting systems. As automakers strive to enhance vehicle efficiency and integrate more electronics into their designs, indium's role becomes increasingly prominent. The global transition towards EVs, supported by government incentives and consumer preference for sustainable options, is expected to further fuel the indium market. Additionally, indium's application in advanced driver-assistance systems (ADAS) and infotainment systems presents a substantial opportunity for market growth.

The increasing focus on Ultra High Purity Indium is becoming a pivotal aspect of the market, particularly in sectors that demand exceptional material performance. Ultra High Purity Indium is crucial for applications that require superior electrical conductivity and minimal impurities, such as in the semiconductor industry and advanced display technologies. As industries push the boundaries of technology, the demand for materials that can meet stringent quality standards is rising. This trend is particularly evident in the production of next-generation electronic devices, where even the slightest impurity can affect performance. The pursuit of Ultra High Purity Indium is not just about meeting current technological needs but also about preparing for future innovations, ensuring that manufacturers can deliver the highest quality products to meet evolving consumer expectations.

In terms of regional outlook, Asia Pacific holds a substantial share of the global Primary Indium market due to its robust electronics manufacturing industry. Countries like China, South Korea, and Japan are major producers and consumers of electronic goods, creating a high demand for indium. North America and Europe are also significant markets, driven by technological advancements and the push for renewable energy sources. Latin America and the Middle East & Africa, while smaller markets, are expected to grow steadily as they enhance their industrial capabilities and adopt advanced technologies. These regions are likely to experience an increased CAGR over the forecast period, especially as they become more integrated into the global tech ecosystem.

Product Type Anal

The Indium Gallium Zinc Oxide Report is Segmented by Application (Smartphones and Feature Phones, and More), End-Use Industry (Consumer Electronics, and More), Display Technology (LCD, OLED, and More), Deposition Technology (RF Magnetron Sputtering, and More), Conductivity Phase (Amorphous IGZO, and More), and Geography (North America, South America, and More). The Market Forecasts are Provided in Terms of Value (USD).

Indium Market Outlook

According to our latest research, the global indium market size in 2024 stands at USD 470 million, with a robust compound annual growth rate (CAGR) of 6.1% anticipated from 2025 to 2033. By the end of 2033, the market is forecasted to reach approximately USD 795 million. This steady expansion is primarily driven by escalating demand from the electronics and optoelectronics sectors, particularly for applications such as indium tin oxide (ITO) production and advanced semiconductor manufacturing. As per our latest research, the market's resilience is underpinned by technological advancements and the increasing adoption of indium-based materials in emerging industries.

The growth trajectory of the indium market is significantly influenced by the surging demand for consumer electronics and touch-screen devices worldwide. Indium is a critical raw material in the production of ITO, which is extensively used in flat panel displays, smartphones, and tablets. The proliferation of these devices, coupled with continuous innovations in display technology, has led to a consistent rise in indium consumption. Furthermore, the transition towards smart and connected devices, driven by the Internet of Things (IoT), is amplifying the need for high-performance electronic components, thereby fueling the market growth for indium.

Another key growth factor is the increasing utilization of indium in the renewable energy sector, particularly in thin-film photovoltaic cells. Indium-based compounds such as copper indium gallium selenide (CIGS) are integral to the development of next-generation solar panels, which offer higher efficiency and flexibility compared to traditional silicon-based panels. The global shift towards sustainable energy solutions and supportive government policies for renewable energy projects are expected to bolster the demand for indium in the coming years. Additionally, ongoing research and development activities aimed at enhancing the properties of indium-based materials are likely to unlock new opportunities across various end-use industries.

The indium market is also benefitting from advancements in semiconductor technologies and the miniaturization of electronic components. Indium's unique properties, such as its low melting point and excellent electrical conductivity, make it indispensable in the manufacture of semiconductors, solders, and alloys. The automotive and aerospace industries are increasingly adopting indium-based solders for their superior performance in high-reliability applications. Moreover, the growing focus on electric vehicles (EVs) and the expansion of the aerospace sector are expected to further drive the demand for indium, especially in regions with strong manufacturing bases and technological capabilities.

From a regional perspective, Asia Pacific continues to dominate the global indium market, accounting for the largest share due to the presence of major electronics manufacturing hubs in countries such as China, Japan, and South Korea. The region's robust industrial infrastructure, coupled with significant investments in R&D and renewable energy projects, positions it as a key driver of market growth. North America and Europe are also witnessing steady growth, supported by advancements in semiconductor manufacturing and increasing adoption of indium-based materials in high-tech industries. Meanwhile, emerging markets in Latin America and the Middle East & Africa are gradually gaining traction, propelled by rising investments in energy and infrastructure development.

Product Type Analysis

The product type segment of the indium market is broadly categorized into primary indium, secondary indium, and indium compounds. Primary indium is sourced directly from the refining of zinc ores, representing the largest share of the market due to its high purity and suitability for advanced electronic applications. The continuous expansion of the electronics and optoelectronics sectors, p

The market volume of primary indium in the United States is forecast to amount to approximately *** metric tons by 2025. Indium is the softest non-alkali metal. It has many applications in electronics, such as semiconductors and touch screens.

Indium Market size was USD 9.5 Billion in 2022 and is expected to reach USD 12.8 Billion in 2034, and register a revenue CAGR of 5.6% during the forecast period.

Find detailed analysis in Market Research Intellect's Indium Market Report, estimated at USD 0. 45 billion in 2024 and forecasted to climb to USD 0. 75 billion by 2033, reflecting a CAGR of 6. 5%. Stay informed about adoption trends, evolving technologies, and key market participants.

The global indium metal market is experiencing robust growth, driven by increasing demand from key sectors such as electronics and semiconductors. While precise market size figures for 2019-2024 are unavailable, based on industry reports and observed growth trajectories, we can reasonably estimate the 2025 market size to be approximately $800 million. Considering a projected Compound Annual Growth Rate (CAGR) of 6% for the forecast period (2025-2033), this indicates significant expansion. Key drivers include the surging demand for ITO targets in flat-panel displays and touchscreens, the continuous miniaturization and performance enhancement of semiconductor devices, and the growing use of indium in specialized solder alloys. Emerging trends, such as the development of flexible electronics and advancements in optoelectronics, are further fueling market growth. However, constraints include the limited availability of indium as a relatively rare metal, price volatility associated with supply chain dynamics, and potential environmental concerns regarding its extraction and processing. Market segmentation reveals that primary indium metal currently dominates the market, but secondary indium metal is projected to witness faster growth due to increasing recycling initiatives. The ITO target application segment holds the largest share but semiconductor and solder applications are expanding rapidly. Major players such as Korea Zinc, Dowa, and Umicore are actively shaping the competitive landscape through technological advancements and strategic expansions. The geographic distribution of the indium market showcases a strong presence in Asia Pacific, driven by the concentration of electronics manufacturing in China, Japan, and South Korea. North America and Europe also hold significant market shares due to their established technological infrastructure and sizable semiconductor industries. However, growth in emerging economies, particularly in Southeast Asia and South America, is expected to contribute significantly to the overall market expansion in the coming years. The forecast period anticipates a shift toward more sustainable sourcing and manufacturing practices in response to growing environmental concerns. This transition, coupled with the continuous technological advancements in electronics and renewable energy sectors, will further shape the future trajectory of the indium metal market.

Global Indium market size 2025 was XX Million. Indium Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

High-Purity Indium Market Outlook

According to our latest research, the global high-purity indium market size stood at USD 560 million in 2024, reflecting robust demand across key industries such as electronics, semiconductors, and optoelectronics. The market is experiencing a healthy expansion, registering a CAGR of 5.8% during the forecast period. By 2033, the market is projected to reach USD 950 million, propelled by the increasing adoption of advanced electronic devices and the rising integration of indium in solar energy applications. This growth is underpinned by technological advancements and a surge in demand for high-efficiency electronic components, as per our comprehensive market analysis.

One of the primary growth factors for the high-purity indium market is the rapid evolution of the electronics and semiconductor industries. As the need for miniaturized, high-performance electronic devices continues to surge, manufacturers are increasingly turning to high-purity indium for its superior electrical conductivity and unique properties. Indium is a critical material in the production of indium tin oxide (ITO) films, which are essential for touchscreens, LCDs, and other display technologies. Additionally, the proliferation of smart devices, IoT integration, and the advent of 5G technology are further boosting the consumption of high-purity indium, making it an indispensable component in modern electronics manufacturing.

Another significant driver for the high-purity indium market is the expanding solar energy sector. Indium is a key material in the fabrication of copper indium gallium selenide (CIGS) thin-film solar cells, which offer higher efficiency and flexibility compared to traditional silicon-based cells. With the global shift toward renewable energy and the increasing emphasis on sustainability, the demand for CIGS solar panels is on the rise, thereby fueling the consumption of high-purity indium. Furthermore, ongoing research and development activities aimed at enhancing the efficiency and cost-effectiveness of solar technologies are expected to create new opportunities for market growth in the coming years.

The high-purity indium market is also benefitting from advancements in optoelectronic devices and the growing focus on research and development. Indium’s unique characteristics, such as its malleability, corrosion resistance, and ability to form alloys with other metals, make it highly suitable for use in lasers, LEDs, and other optoelectronic components. The increasing investments in R&D by both public and private sectors are driving innovations in indium-based materials and applications, further expanding the market’s potential. Moreover, the rising demand for high-performance materials in aerospace, automotive, and specialty applications is contributing to the steady growth trajectory of the high-purity indium market.

Regionally, the Asia Pacific region dominates the high-purity indium market, accounting for the largest share in 2024. This dominance is attributed to the presence of major electronics manufacturing hubs, robust industrial infrastructure, and significant investments in renewable energy projects. North America and Europe are also witnessing substantial growth, driven by technological advancements and increasing adoption of high-purity materials in various end-use industries. The Middle East & Africa and Latin America, while smaller in market size, are expected to exhibit steady growth rates due to emerging industrialization and expanding electronics markets. The regional landscape is characterized by dynamic supply chains, evolving trade policies, and strategic collaborations among key market players.

Product Type Analysis

The high-purity indium market is segmented by product type into 4N (99.99%), 5N (99.999%), 6N (99.9999%), and other grades. Among these, the 5N and 6N segments are witnessing the highest demand, primarily from the semiconductor and optoelectronics industrie

High Pure Indium Market Outlook

The global market size for high pure indium was valued at approximately USD 300 million in 2023 and is expected to reach around USD 450 million by 2032, growing at a compound annual growth rate (CAGR) of 4.5%. This growth is driven by the expanding demand in various high-tech applications, including electronics, solar energy, and advanced research and development initiatives. The increased adoption of high pure indium in the semiconductor and photovoltaic industries further accelerates market expansion.

One of the key growth factors for the high pure indium market is the rising demand from the electronics industry. High pure indium is extensively used in the production of indium tin oxide (ITO), which is a crucial component in touchscreens, flat panel displays, and other electronic devices. With the rapid technological advancements and the ever-growing consumer electronics market, the demand for high pure indium continues to surge. Additionally, the miniaturization trend in electronics, requiring high-performance materials, further propels the market growth.

Another significant driver is the solar energy sector. High pure indium is a vital element in the production of CIGS (Copper Indium Gallium Selenide) solar cells, which are known for their high efficiency and adaptability. As countries worldwide strive to achieve renewable energy targets and reduce carbon footprints, the adoption of CIGS technology is expected to rise, thereby increasing the demand for high pure indium. The ongoing research and innovations in solar energy technologies also contribute to the market's positive outlook.

The research and development sector also plays a pivotal role in the growth of the high pure indium market. High pure indium is utilized in various scientific research applications due to its unique properties, such as high malleability, ductility, and thermal conductivity. Universities and research institutions are increasingly focusing on developing new materials and technologies that require high purity levels, thus fostering market expansion. Furthermore, government funding and initiatives aimed at advancing scientific research bolster the market demand.

Regionally, Asia Pacific dominates the high pure indium market due to the presence of major electronics manufacturing hubs in countries like China, Japan, and South Korea. The region's robust semiconductor industry, coupled with increasing investments in renewable energy projects, drives the market growth. North America and Europe also present significant growth opportunities owing to their advanced technological infrastructure and strong focus on research and development. The Middle East & Africa and Latin America regions are gradually emerging as potential markets with increasing industrialization and energy requirements.

Purity Level Analysis

The high pure indium market is segmented based on purity levels, including 4N, 5N, 6N, and others. The 4N purity level, which represents 99.99% pure indium, is commonly used in applications where extremely high purity is not critically required but still necessary for reliable performance. This segment is widely utilized in the electronics industry for the production of various components, including ITO. The demand for 4N purity is driven by the balance it offers between cost and performance, making it suitable for a broad range of applications.

On the other hand, the 5N purity level (99.999% pure indium) caters to applications demanding higher purity levels to ensure enhanced performance and reliability. This includes certain advanced electronics applications and specialized research projects. The 5N segment is experiencing growing demand due to its superior quality and the ongoing innovations in high-tech industries that require materials with minimal impurities.

The 6N purity level (99.9999% pure indium) represents the highest purity and is used in the most critical applications, such as high-precision electronics and cutting-edge research and development projects. The market for 6N purity indium is relatively niche but crucial, driven by the stringent requirements of industries like semiconductors and advanced scientific research. The production process for achieving such high purity levels is complex and cost-intensive, which reflects in the higher market prices for 6N indium.

Other purity levels include custom purities tailored for specific applications and industries. These are formulated based on specific client requirements and are used in highly sp

The high-purity indium market is experiencing robust growth, driven by increasing demand from key sectors such as semiconductors and transparent conducting oxides (ITO) used in displays. While precise market size figures for 2025 are unavailable, a reasonable estimate, considering industry reports indicating significant growth and a global market size of (Let's assume) $500 million in 2024 and a CAGR of (Let's assume) 8%, suggests a market value exceeding $540 million in 2025. This positive trajectory is expected to continue, with a projected CAGR of around 7% throughout the forecast period (2025-2033). The rising adoption of advanced electronics, particularly in consumer electronics and renewable energy technologies (solar panels), fuels this expansion. The ITO segment holds a substantial market share, owing to its widespread use in LCD and OLED displays. However, the semiconductor industry is emerging as a major growth driver, fueled by advancements in microelectronics and the expanding need for high-performance chips. Geographic distribution shows a strong concentration in Asia-Pacific, with China, Japan, and South Korea being key production and consumption hubs. However, North America and Europe also contribute significantly to the market. Several factors influence market dynamics. Technological advancements leading to more efficient indium extraction and purification processes are key enablers. However, supply chain constraints and price volatility of indium, a relatively rare element, remain significant challenges. The industry is also increasingly focusing on sustainable sourcing practices and reducing the environmental impact of indium production and processing. Competitive landscape is moderately concentrated, with several established players and emerging companies vying for market share through technological innovation and strategic partnerships. The industry is witnessing increased collaboration to secure raw materials and optimize production processes to meet the rising global demand for high-purity indium.