[121 Pages Report] LED Materials Market research report categorizes the global market by Application (Automotive Lighting (Exterior, Interior), General Lighting (Industrial, Outdoor, Residential), Backlighting), Material Type (Wafer, Epitaxy, Phosphor, Substrate) & by Geography.

2. 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", The market for
LED materials 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 30 figures spread through 121
pages and in-depth TOC on "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"
https://www.marketsandmarkets.com/Market-Reports/led-material-
market-116248392.html

3. 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.
Early buyers will receive 10% customization on this report
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.

4. 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).

5. Major Market Developments
 In March 2017, Cree launched XLamp XHP70.2 LED, a new generation of
LED which produced 9% more lumen and 18% higher lumens-per-watt
than the previous generation XHP70 LED. This also helped in making
luminaires smaller and increase optical control for lighting applications.
 In October 2016, Epistar Corporation and Super Trend Lighting (Group)
Ltd. (Hong Kong) signed a license agreement. This agreement allowed
Super Trend Lighting to use Epistar's filament patents in its products. The
patents used were limited to areas of Europe, the U.S., China, and Taiwan.
 In March 2016 Nichia Corporation (Japan) entered into a partnership with
Future Lighting Solutions (Canada), a leading distributor of solid-state
lighting technologies. The deal focuses on areas in the Americas and
Europe and is limited to general lighting applications.
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392

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