August 5, 2015: According to a recent report, the global LED material market is growing at a fast pace, mainly due to the increasing applications and demand of LED, particularly in smart phone displays and television displays.
The increasing applications of LED in automotive lighting, industrial and residential lighting is also boosting demand for LED materials.
Moreover, favourable government policies across the globe, and various certification and labeling programmes are also adding to the growth opportunities of the LED industry, which, in turn, is also leading to the growth of the LED materials market.
Categories of the global LED material market
The global LED material market is broadly classified into four categories?gallium arsenide phosphide (GaAsP), gallium arsenide (GaAs), gallium phosphide (GaP) and others.
Gallium arsenide captured largest market in 2013
The most widely used chemical in all types of LEDs is Gallium arsenide, which captured the largest market share in 2013. It is used in application specific LED, miniature LED, high power LED, etc.
Trimethylgallium captured the largest market in 2013
In the metal organic chemical deposition vapor (MOCVD) category, the major material are trimethylgallium (TMGa), trimethylindium (TMIn), trimethyl aluminum (TMA), triethylgallium (TEGa) and C2Mg2. trimethylgallium (TMGa) is the most widely used LED material, which had captured the largest market share in 2013.
Largest market for LED material
The largest market for LED material is the Asia Pacific, and the second largest is North America, followed by Europe.
Predicted growth of LED material market
With increasing emphasis on IT industry, power generation and distribution infrastructure of the emerging economies and the reducing costs of LED due to manufacturing technology advancements will provide higher growth rate till 2020.
Demand for LED material in Asia Pacific is pushed by the LED manufacturing industries in China, Taiwan and South Korea.
The increasing applications of LED in display technology will push growth of the LED material market in North America and Europe.
Key companies in global agrochemicals market
Some key companies in the global agrochemicals market are Dow Chemicals Company, DuPont, Intematrix, Sabic, Cree, Opto Semiconductors, Osram and Seoul Semiconductor.
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