Press release
Led Materials Market to Flourish with an Impressive CAGR During 2015 to 2021
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On the basis of semiconductor material, the global LED material market can be broadly classified in four broad categories namely gallium arsenide (GaAs), gallium arsenide phosphide (GaAsP), gallium phosphide (GaP) and others. Gallium arsenide is the most widely used chemical in all major classes of led such as miniature led, high power led and application specific led. Gallium arsenide grasped the largest market share in 2013.
Based on the various precursor used during the metal organic chemical deposition vapor (MOCVD) the lead material can be classified as trimethylgallium (TMGa), trimethyl aluminum (TMA), trimethylindium (TMIn), triethylgallium (TEGa) and C2Mg2. trimethylgallium (TMGa) is the most widely used LED material and grasped the largest market share in 2013.
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The global LED material market is mainly driven by the rising application and demand of LED in energy efficient and high resolution displays in smart phones and high definition television. The rising application of LED in automotive lighting and display, home and industrial lighting requirement is further boosting the market of LED which in turn is driving the demand for LED materials. Moreover, favorable government policies including various labeling and certification programs are providing new growth opportunities for the LED industry. One of the major reasons for rapid adoption in LED lights is its relatively less power consumption as compared with normal lights. In certain cases, the power consumption is as low as one-third.
Countries such as the U.S., New Zealand, UK, Canada, Taiwan, Australia, Japan, and Brazil, and Venezuela have taken several initiatives to replace tradition less durable, high power consuming bulbs with energy efficient LED bulbs in order to save power and to meet environmental sustainability by reducing the green house gases emission.
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Asia Pacific is the largest market for LED material followed by North America and Europe, The demand for LED material in Asia Pacific is mainly driven by the large scale LED manufacturing industries located in China, South Korea, and Taiwan. Moreover with growing emphasis on information technology industry, strengthening power generation and distribution infrastructure of emerging economies and decreasing prices of LED mainly due to the advancement in manufacturing technology is expected to provide a higher growth rate during the forecasted period. The growing application of LED in various display technology is expected to provide moderate growth to LED material market in North America and Europe.
Some of the major companies operating in global agrochemicals market include, Dow Chemicals Company, Intematrix, DuPont, and Sabic, Cree, Inc., OSRAM, Opto Semiconductors and Seoul Semiconductor.
Key geographies evaluated in this report are:
North America
U.S
Canada
Europe
France, Germany, Italy, Spain, and the UK
Eastern Europe
CIS
APAC
China
India
Japan
Australia
Others
Latin America
Argentina
Brazil
Others
Key features of this report
Drivers, restraints, and challenges shaping the LED Materials market dynamics
Latest innovations and key events in the industry
Analysis of business strategies of the top players
LED Materials market estimates and forecasts(2015 -2021)
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