Report Forecast:
The Phosphor Market estimated to grow from USD xx billion in 2020 to USD xx billion by 2026 at a healthy CAGR of xx% during the forecast period. The global growth of phosphor market size is primarily driven by widespread product usage in electronics and lighting industry. Growing construction industry with rise in residential and commercial construction activities is expected to drive the demand for LEDs and thus phosphor during the forecast period. In addition to this, rising demand for OLEDs due to improved performance is likely to create lucrative opportunities for the players operating in the global market in the coming years.
The market's growth is influenced by a number of factors that have a significant or indirect impact on demand. An overview of such factors can be found in our report, which is derived utilizing SWOT analysis, industry life cycle, and supply chain analysis. Such key information can help market participants and investors identify the low-hanging fruits in the market and establish strategic initiatives to accelerate their growth.
COVID-19 IMPACT on the Market-
The COVID-19 pandemic has influenced almost all the industries, little or large, dealing in any sector.
The growth curves of Phosphor market have witnessed enormous ebb and flows in the year 2020. The market scenario and the pace of growth have taken a huge turn and have prompted numerous adjustments in the cycles. 2021 is probably going to be superior to 2020 for the Phosphor market players as the greater part of the organizations have continued their activities and the interest is getting re-established for them.
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The Cornerstones in the market-
Listed below are the top key players that dominate the Phosphor market –
- Ube Industries, Ltd. (Japan)
- Materion Corp. (US)
- Intematix Corporation (US)
- Mitsubishi Chemical Holdings Corporation (Japan)
- Dongtai Tianyuan Fluorescent Materials Co., Ltd (China)
- Osram Licht AG (Germany)
Phosphor Market Segmentation:
The report segments based upon demographics, geographics, benefits and volume etc, has different leading factors and identifies the most-attractive segments and sub-segments. The market segmentation will not only help marketers to be more efficient in terms of time, money and other resources but also allows companies to learn about their target audience so that they can tailor campaigns that leads a roadmap to success.
Application Trends
Based on application, the phosphor market has been divided into lighting equipment, electronic display and others. The lighting equipment application segment accounted for the largest market share in 2020. The segment growth can be attributed to increasing demand for LED lights across the geographies particularly in the developing countries.
Regional Trends
By region, the Asia-Pacific Phosphor market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. The regional market growth can be attributed to the significant growth of the electrical & electronics industry in the region. Additionally, rising demand for LEDs with increasing construction activities is likely to add to the market growth substantially. The market growth in North America region is expected to grow at a considerable CAGR during the review on account of presence of established electrical & electronics end-use industry.
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
- Company Profiling
- Detailed profiling of key market players (up to 3 players)
- SWOT analysis of key market players (up to 3 players)
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