PUBLISHER: Grand View Research | PRODUCT CODE: 1888588
PUBLISHER: Grand View Research | PRODUCT CODE: 1888588
The global indium mining market size was estimated at USD 245.3 million in 2024 and is projected to reach USD 415.4 million by 2033, growing at a CAGR of 6.2% from 2025 to 2033. Growth is driven by the rising demand for indium in advanced electronics, particularly in the production of indium tin oxide (ITO), which is used in flat-panel displays, touchscreens, and photovoltaic cells.
The expansion of renewable energy projects further supports the market, where indium is a critical material for thin-film solar panels. The indium mining market increasingly focuses on sustainability through improved resource efficiency and recycling initiatives. Given the limited primary sources of indium, producers emphasize the recovery of indium from secondary materials, such as electronic waste, LCD panels, and zinc smelting byproducts. This circular approach reduces dependence on mining and minimizes environmental degradation and carbon emissions associated with the extraction process. Governments and companies are also adopting stricter environmental standards and responsible sourcing practices to ensure long-term supply security while mitigating the ecological footprint of mining operations.
Technological advancements are reshaping the indium mining landscape by enhancing extraction efficiency and recovery rates. Innovations in hydrometallurgical and solvent extraction techniques enable more selective and cost-effective recovery of indium from complex ores and residues. Automation, data analytics, and real-time process monitoring are being increasingly integrated into mining operations to enhance precision and minimize waste. Additionally, advancements in recycling technologies are extending the material's lifecycle, allowing indium to be efficiently recovered from end-of-life electronic products, further strengthening supply resilience and supporting global demand growth across electronics and renewable energy sectors.
Global Indium Mining Market Report Segmentation
This report forecasts global, country, and regional revenue growth and analyzes the latest trends in each sub-segment from 2021 to 2033. For this study, Grand View Research has segmented the global indium mining market report based on application and region: