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The latest report by IMARC Group, titled
“Indium Tin Oxide (ITO) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” The global indium tin oxide market is currently witnessing strong growth. Indium tin oxide (ITO) is a colorless semiconductor material, with a ternary composition of indium, tin, and oxygen. It is manufactured by electronic beam evaporation or sputter deposition techniques. ITO is primarily adopted in manufacturing touch panels, sensors, flat panels, and heat-reflective coatings based on its physical properties, such as color-fastness, electromagnetic induction shielding, ultraviolet resistance, and high transparency. ITO is also utilized for minimizing radio frequency interference on touchscreens and as a protection layer on glass windows and doors. Looking forward, IMARC Group expects the market to register a CAGR of around 6% during 2020-2025.