Indium Tin Oxide Market Share, Size, Analysis and Forecasts 2016-2020

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.

Browse full report with TOC@ https://marketreportscenter.com/reports/368523/global-indium-tin-oxide-market-2016-2020

Commenting on the report, an analyst from Technavios 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....