Press release
LED Materials Market 2021 Value with Status and Global Analysis - Cree Inc., DuPont de Nemours, Inc., SABIC, Mitsubishi Chemical Corporation
The LED Materials Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The LED Materials Market was valued at USD 10.51 billion in 2019 and is expected to reach USD 16.83 billion by 2025, at a CAGR of 8.16% over the forecast period 2020 - 2025.
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Top Leading Companies of LED Materials Market are Cree Inc., DuPont de Nemours, Inc., SABIC, Mitsubishi Chemical Corporation, Evo-nik Industries AG, Koninklijke DSM N.V, Sanan Optoelectronics Co. Ltd, Sumitomo Electric Industries Ltd, DOWA Electronics Materials Co., LTD. and others.
Industry News and Updates
April 2019 GE, announced the sale of Current that was run by the GE business unit to American Industrial Partners (AIP), a New York-based private equity firm. Current's portfolio includes LED and traditional lighting solutions, in addition to intelligent controls, sensors, and software.
March 2019 - Sweden's Fagerhult Group has completed the acquisition of Italy's iGuzzini illuminazione S.p.A, for USD 421.6 million in Cash and Stock. It designs and manufactures indoor lighting and outdoor lighting luminaries.
Key Market Trends
Asia-Pacific is Projected to be the Fastest Growing Market
- Asia-Pacific or APAC is expected to lead the LED lighting market thereby contributing the lion's share of revenue to the global LED market. This can be attributed to the growth of LED use in India and China along with the untapped potential of several emerging countries of this region. According to the China Solid State Lighting Alliance, LEDs accounted for 70 percent of China's general lighting market in 2018.
- Moreover, Asia-Pacific is now a hub of original equipment manufacturers (OEMs) of various lighting products. The other driving factor for the growth of LED Market in this region due to the substantial investment in R&D in new LED products in countries like Vietnam, South Korea and Taiwan.
Regional Outlook of LED Materials Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The LED Materials Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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