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. 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.
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