Press release
Global LED Materials Market Explore Future Growth 2017-2024 by Global Top Players -Akzonobel N.V,Cree, Inc.,Epistar Corporation,Hitachi Metals, Ltd.,II-VI Incorporated,Koninklijke Philips N.V.,Nichia Corporation,Osram Licht AG,Sumitomo Electric Industries
The Global LED Materials Market report covers chief product developments and tracks recent acquisitions, mergers and research in the Chemicals & Materials industry by the key players responsible for driving the market by detailing all sales, import, export and revenue figures for the forecasted period of 2017 to 2024.
Global LED Materials Market accounted for USD 7.90 billion in 2016 and is projected to grow at a CAGR of 10.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Market Definition: Global LED Materials Market
A light emitting diode or LED is a semiconductor device. LED produces incoherent narrow spectrum of light when it is in forward biased condition. The color of the light emitted depends on the composition of the semiconductor material used in manufacturing of LED. There is a growing demand for LED material in general lighting, automotive lighting and backlighting activities, which is expected to be one of the major drivers of the market over the next seven years.
Major Market Drivers & Restraint:
• Ban on the use of incandescent bulbs in several countries
• Government subsidies on LED lights
• Advantages of LEDs over alternative light sources
• Lack of awareness about the benefits of LED in some regions
Key Questions Answered in this Report:
• What will be the market size in 2024?
• What will be the growth rate in 2024?
• Which key factors driving in the market?
• Who are the key market players?
• Which strategies are used by top players in the market?
• What are the key market trends?
• Which trends and challenges will influence the Market growth?
Market Segmentation:
The LED materials market is segmented on the basis of type into substrate, wafer, epitaxy, and phosphor.
• On the basis of application, the market is segmented into general lighting, automotive lighting, and backlighting. The general lightning is sub segmented into residential, industrial and outdoor. The automotive lighting is sub segmented into interior and exterior.
• On the basis of end-user, the market is segmented into tires, adhesives and industrial rubber.
• On the basis of geography, the LED materials market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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Major Market Competitors:
Some of the major players in LED materials market include: -
• Akzonobel N.V,
• Cree, Inc.,
• Epistar Corporation,
• Hitachi Metals, Ltd.,
• II-VI Incorporated,
• Koninklijke Philips N.V.,
• Nichia Corporation,
• Osram Licht AG,
• Sumitomo Electric Industries,
• UBE Industries, Ltd.,
• Addison Engineering, Inc.,
• China Crystal Technologies Co., Ltd,
• Dowa Electronic Materials Co Ltd,
• Epigan NV,
• Everlight Electronics Co.,Ltd,
• Freiberger Compound Materials GmbH,
• Lake LED Materials Co., Ltd,
• LG Innotek,
• Macom Technology Solutions,
• MTI Corporation,
• Seoul Semiconductors Co, Ltd,
• Sino Nitride Semiconductor Co, Ltd,
• Six Point Materials, Inc.,
• Soraa,
• Xinxiang Shenzhou Crystal Technology Co., Ltd and many more.
Competitive Landscape:
The global LED materials market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge Market Research provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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