Indium tin oxide (ITO) is a solution of indium oxide
and tin oxide which is found in a solid state. Typically, indium tin oxide has
90% of indium oxide and 10% of tin oxide by weight. When in thin layer it
is colorless and transparent, while it forms a yellowish grey color when in
bulk. Indium tin oxide is a member of transparent conducting oxide and is
a widely used transparent conduction oxide owing to its excellent physical
properties. Indium tin oxide accounted for approximately 97% of the overall
market for transparent conducting oxides in 2011.
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The steady growth of
transparent and flexible electronics is the major factor which is
propelling the growth of the global indium oxides market. However, the
growing R&D in developing alternatives for indium tin oxide is acting as
one of the major restraints for the market.
Asia is the leading producer and consumer of indium tin
oxide due to the huge electronics market in China, Japan, and Korea. However,
countries like Canada, Peru and Belgium also represent strong markets for ITO
and are in the list of leading producers of ITO. Companies like Keeling Walker
and Kurt J Lesker Co. among some others are the major companies operating in
the global market.
This report is a complete study of current trends in
the market, industry growth drivers, and restraints. It provides market
projections for the coming years. It includes analysis of recent developments
in technology, Porter’s five force model analysis and detailed profiles of top
industry players. The report also includes a review of micro and macro factors
essential for the existing market players and new entrants along with detailed
value chain analysis.
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