DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "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" report to their offering.
The global LED materials market is projected to reach USD 12.55 billion by 2021, at a CAGR of 9.9% from 2016 to 2021
The growth is fueled by the rising demand for LED materials for LED for residential LED applications under the general lighting application segment. Volatility in raw material prices resulting in lower demand for LED materials and high initial cost of LEDs can curtail the growth of the LED materials market.
Wafers segment is the fastest-growing LED material segment, in terms of value, in the LED materials market. Typically, gallium arsenide and gallium nitride are used to develop wafers. Gallium nitride LEDs are based on thin layers of gallium nitride grown on other materials such as silicon or sapphire. Many manufacturing companies are moving towards the production of 6-inch and 8-inch wafer production as it is more cost-effective compared to the production of 4-inch wafer production.
Asia-Pacific is the fastest-growing market for LED materials, in terms of value. Growing manufacturing industries, high economic growth rate, cheap labor, and increasing foreign investments make it a manufacturing hub of the world. The growth of various industries such as automotive and building & construction in Asia-Pacific will boost the demand for LEDs.
- Ban on the Use of Incandescent Bulbs in Many Countries
- Government Subsidies in Emerging Economies Can Increase LED Consumption
- Growing Demand From Horticulture Markets
- Development of Li-Fi
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
5.3 Porter's Five Forces Analysis
6 LED Materials Market, By Type
7 LED Materials Market, By Application
8 LED Materials Market, By Region
9 Dive Matrix
10 Company Profiles
- Addison Engineering, Inc.
- Akzonobel N.V
- China Crystal Technologies Co., Ltd
- CREE, Inc.
- DOWA Electronic Materials Co Ltd
- Epigan NV
- Epistar Corporation
- Everlight Electronics Co., Ltd
- Freiberger Compound Materials GmbH
- Hitachi Metals, Ltd.
- II-VI Incorporated
- Koninklijke Philips N.V.
- LG Innotek
- Lake LED Materials Co., Ltd
- MTI Corporation
- Macom Technology Solutions
- Nichia Corporation
- Osram Licht AG
- Other Players
- Seoul Semiconductors Co, Ltd
- Sino Nitride Semiconductor Co, Ltd
- Six Point Materials, Inc.
- Sumitomo Electric Industries
- UBE Industries, Ltd.
- Xinxiang Shenzhou Crystal Technology Co., Ltd
For more information about this report visit http://www.researchandmarkets.com/research/3xq2bd/led_materials