The global LED phosphors market was valued at USD 1.9 billion in 2024 and is expected to grow to USD 6.1 billion by the end of 2037, registering a CAGR of 8.7% during the forecast period from 2025 to 2037. By the end of 2025, the market is projected to reach an estimated value of USD 2.2 billion. The LED phosphors market is gaining momentum as the lighting industry transitions to low-energy, high-brightness solutions. Demand is rising for customized phosphor blends to enhance color rendering, thermal stability, and luminous efficacy across a range of white LEDs. Manufacturers are increasingly adopting nitride- and silicate-based phosphors to meet the optical performance needed for ultra-HD displays and high-efficiency automotive headlamps. Furthermore, regulations targeting halogen and CFL phase-outs are pushing OEMs to enhance LED color quality using advanced phosphor technologies. R&D efforts are also focused on integrating rare-earth-free phosphors to reduce raw material dependencies and align with global sustainability goals.
Table of Contents
- Global LED Phosphors Market
- An Outline of the Global LED Phosphors Market
- Market Definition and Segmentation
- Study Assumptions and Abbreviations
- Research Methodology & Approach
- Secondary Research
- Primary Research
- Data Triangulation
- SPSS Approach
- Executive Summary
- Market Overview
- Regional Synopsis
- Industry Supply Chain Analysis
- DROT
- Driver
- Restraint
- Opportunities
- Trends
- Government Regulation
- Competitive Landscape
- Beijing Yuji International Co., Ltd.
- DAEJOO ELECTRONIC MATERIALS Co., Ltd.
- Denka Company Limited
- Edgetech Industries LLC
- Fulight Optoelectronic Materials
- Grirem Advanced Materials Co., Ltd.
- Intematix Corporation
- Jiangmen KanHoo Industry Co., Ltd.
- Leuchtstoffwerk Breitungen GmbH
- Luming Technology Group Co., Ltd.
- Mitsubishi Chemical Group Corporation
- Nemoto & Co., Ltd.
- NICHIA CORPORATION
- PhosphorTech Corporation
- Phosphor Technology
- Shenyang Joinunion Chemical Technology Co., Ltd.
- Stanford Advanced Materials
- Ongoing Technological Advancements
- SWOT Analysis
- Patents Filed in the Industry
- Comparative Analysis of LED Phosphor Types
- LED Phosphors Market: Application-wise Deep Dive
- Strategic Risk Landscape: Navigating Challenges
- Strategic Regional Overview of the LED Phosphors
- Market
- Root Cause Analysis (RCA) for the Market
- PESTLE Analysis
- Porter Five Forces
- Industry Risk Assessment
- Global LED Phosphors Market - Growth Outlook
- Global Outlook and Projections
- Global Overview
- Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
- Global Segmentation (USD million), 2019-2037, By Type, Value (USD Million)
- Phosphate
- Garnet
- Silicate
- Nitride
- Others
- Application, Value (USD Million)
- Automotive
- Portable PCs
- Smartphones
- Flat Panel TVs
- Signage
- Lighting
- Others
- Regional Synopsis, Value (USD million), 2019-2037
- North America Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Europe Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Asia Pacific Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Latin America Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Middle East and Africa Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- North America Market
- Overview
- Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
- Increment $ Opportunity Assessment, 2019-2037
- Segmentation (USD million), 2019-2037, By Type, Value (USD Million)
- Phosphate
- Garnet
- Silicate
- Nitride
- Others
- Application, Value (USD Million)
- Automotive
- Portable PCs
- Smartphones
- Flat Panel TVs
- Signage
- Lighting
- Others
- Country Level Analysis, Value (USD million)
- U.S. Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Canada Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Europe Market
- Overview
- Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
- Increment $ Opportunity Assessment, 2019-2037
- Segmentation (USD million), 2019-2037, By Type, Value (USD Million)
- Phosphate
- Garnet
- Silicate
- Nitride
- Others
- Application, Value (USD Million)
- Automotive
- Portable PCs
- Smartphones
- Flat Panel TVs
- Signage
- Lighting
- Others
- Country Level Analysis, Value (USD million)
- UK Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Germany Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- France Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Italy Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Spain Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Netherlands Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Russia Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Switzerland Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Poland Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Belgium Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Rest of Europe Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Asia Pacific Market
- Overview
- Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
- Increment $ Opportunity Assessment, 2019-2037
- Segmentation (USD million), 2019-2037, By Type, Value (USD Million)
- Phosphate
- Garnet
- Silicate
- Nitride
- Others
- Application, Value (USD Million)
- Automotive
- Portable PCs
- Smartphones
- Flat Panel TVs
- Signage
- Lighting
- Others
- Country Level Analysis, Value (USD million)
- China Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- India Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- South Korea Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Australia Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Indonesia Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Malaysia Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Vietnam Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Thailand Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Singapore Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- New Zeeland Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Rest of Asia Pacific Excluding Japan Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Latin America Market
- Overview
- Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
- Increment $ Opportunity Assessment, 2019-2037
- Year-on-Year Growth Forecast (%)
- Segmentation (USD million), 2019-2037, By Type, Value (USD Million)
- Phosphate
- Garnet
- Silicate
- Nitride
- Others
- Application, Value (USD Million)
- Automotive
- Portable PCs
- Smartphones
- Flat Panel TVs
- Signage
- Lighting
- Others
- Country Level Analysis, Value (USD million)
- Brazil Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Argentina Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Mexico Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Rest of Latin America Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Middle East & Africa Market
- Overview
- Market Revenue by Value (USD Million), and Compound Annual Growth Rate (CAGR)
- Increment $ Opportunity Assessment, 2019-2037
- Year-on-Year Growth Forecast (%)
- Segmentation (USD million), 2019-2037, By Type, Value (USD Million)
- Phosphate
- Garnet
- Silicate
- Nitride
- Others
- Application, Value (USD Million)
- Automotive
- Portable PCs
- Smartphones
- Flat Panel TVs
- Signage
- Lighting
- Others
- Country Level Analysis, Value (USD million)
- Saudi Arabia Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- UAE Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Israel Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Qatar Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Kuwait Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Oman Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- South Africa Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- Rest of Middle East & Africa Market Value (USD Million), Volume (Million Units), and CAGR & Y-o-Y Growth Trend, 2019-2037F
- About the Publisher
Companies Mentioned
- Sinopec
- Dow
- SABIC
- Formosa Plastics
- Ineos
- PetroChina
- LyondellBasell Industries
- LG Chem
- ExxonMobil
- Mitsubishi Chemical Group
- Hengli Petrochemical
- Linde
- Air Liquide
- Syngenta
