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LED Materials Market worth 12.55 Billion USD by 2021 LED Materials Market worth 12.55 Billion USD by 2021

05-09-2017 08:29 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets.com

/ PR Agency: MNM
LED Materials Market worth 12.55 Billion USD by 2021 LED

The report "LED Materials Market by Material Type (Substrate, Wafer, Epitaxy, Phosphor), Application (General Lighting (Residential, Industrial, Outdoor), Automotive Lighting (Interior, Exterior), Backlighting), and Region - Global Forecast to 2021", Published by MarketsandMarkets, The market is expected to reach USD 12.55 Billion by 2021, at a CAGR of 9.9% from 2016 to 2021.

Browse 61 market data tables and 31 figures spread through 130 pages and in-depth TOC on "LED Materials Market”
http://www.marketsandmarkets.com/Market-Reports/led-material-market-116248392.html

Early buyers will receive 10% customization on this report.

The market is driven by the growing demand for LED materials in the general lighting application. This growth results from an increase in the demand for LEDs for residential and industrial facilities purposes. The use of LEDs in these applications helps reduce the overall energy bill, thus reducing the carbon footprint of these applications.

Download Free Sample PDF Brochure of the Report @ http://www.marketsandmarkets.com/pdfdownload.asp?id=116248392

Asia-Pacific: The largest market for LED materials in 2016

Asia-Pacific is currently the largest market for LED materials. China is the leading country where there is major consumption of LED materials in end-use industries such as general lighting, automotive lighting, backlighting, and others. Moreover, the growing population with rising disposable income in China is driving the demand for better quality LED materials.

Wafers is the largest type segment of the LED materials market in 2016

LEDs are constructed using the following materials: wafer, epitaxy, substrate, and phosphor. The wafers segment accounted for the largest market share, in terms of value, followed by the epitaxy segment in 2016. The wafers segment is also projected to grow at the highest CAGR from 2016 to 2021, in terms of value.

General lighting expected to dominate the market for LED materials market in 2016

The general lighting application segment is projected to drive the LED Materials Market, aided by the increased demand from residential LED markets to reduce the overall energy costs. Industrial lighting, which comes under general lighting, is also expected to contribute to the growth of LED materials market. The use of LEDs in industrial settings has increased as they are able to overcome challenges such as extreme temperature ranges and continuous or long operational hours better than the conventional lighting sources.

Key players in the LED materials market are Sumitomo Electric Industries, Ltd. (Japan), Hitachi Metals, Ltd. (Japan), Cree, Inc. (U.S.), Seoul Semiconductor Co., Ltd. (South Korea), Nichia Corporation (Japan), EPISTAR Corporation (Taiwan), Koninklijke Philips N.V. (Netherlands), OSRAM Licht AG (Germany), II-VI incorporated (U.S.), and Akzo Nobel N.V. (Netherlands).

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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