The Red Phosphor report also offers key insights about top companies in the market along with a thorough SWOT analysis, Porter’s Five Forces analysis, and feasibility analysis to offer competitive edge to the readers. The report focuses on the recent trends, major challenges and opportunities, and limitations pertaining to the ongoing pandemic.
The global red phosphor market is expected to reach a market size of 686.77 Billion by 2028 and register a CAGR of 4.3% over the forecast period, according to latest analysis by Emergen Research. Growth of the market can be attributed to enhancements in lighting and new product launches, and rising demand for fertilizers and flame retardants globally.
Increasing demand for fertilizers, LED, and flame retardants, and launch of new products by key players are some key factors driving growth of the market.
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Major investments in research and development of red phosphor-based applications and products are other key factors supporting growth of the global red phosphor market. Increasing demand for fertilizers and other red phosphor-based agricultural products such as Light Conversion Film (LCF) and LED plant lamp (LED-pl) is also boosting market growth. Demand for LED lights has been increasing substantially in the past year due to its high lighting efficiency, less power consumption, and long lifespan.
The competitive analysis also includes regional analysis of major geographical regions. The report covers regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The report also offers a country wise analysis to impart better understanding of the global Aerospace Materials Market market with regards to market share, market size, production and consumption ratio, product launches and R&D activities, investment opportunities, and presence of key players in the region.
The report offers a complete analysis of the global Red Phosphor market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreement and collaborations. BASF SE, Celestin Petroleum Co. Ltd., Changzhou Junlin Chemical Co., Ltd., Clariant AG, RIN KAGAKU KOGYO Co., Guangzhou Chemicals Co., Ltd., Nippon Chemical Industrial Co., Ltd., Jinding Group Co., LTD., Smart-elements GmbH, Prasol Chemicals Private Limited., Ltd., Rasa Industries Ltd., Smart-elements GmbH, Taj Pharmaceuticals Limited, Spectrum Chemical Mfg. Corp., UPL Ltd., and Wylton (China) Chemical Co., Ltd. are some of the top companies profiled in the report.
Key Highlights of Report
- In November 2020, Nichia Corporation announced that it will start licensing TriGain technology from GE Current and use this technology for LED chip in order to improve LED efficacy by improving color rendering in LEDs
- By application, the red phosphor market is segmented into electronics, chemical, agricultural, metallurgical, and others (pyrotechnics and explosives). Increase in demand for fertilizers, LED lightings, and expanding range of applications of red phosphor are some factors driving revenue growth of this segment. Revenue share of the electronics segment is expected to expand at a steady CAGR during the forecast period.
- Revenue from the red phosphor market in Asia Pacific is expected to expand at a comparatively faster CAGR than other regional markets during the forecast period. This fast growth rate can be attributed to increasing demand for agriculture-related products such as fertilizers, light conversion film and led plant lamp in countries in the region.
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The global Red Phosphor market report focuses on various national and international business development prospects, as well as competitive terrains of the worldwide market. The Red Phosphor market size estimation and forecasts detailed in this report are based on a thorough research methodology and are tailored according to the different conditions that create the demand for the global market.
For the purpose of this report, Emergen Research has segmented the global red phosphor market on the basis of product type, application, and region.
- Product Type Outlook (Revenue, USD Billion; 2021–2028)
- General Purity
- High Purity
- Application Outlook (Revenue, USD Billion; 2021–2028)
- Electronics
- Chemical
- Agricultural
- Metallurgical
- Others (Pyrotechnics and Explosives)
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Key Questions You Asked:
- What is the growth rate of the Red Phosphor market? What is the anticipated market valuation of the Red Phosphor industry by 2028?
- What are the key growth driving and restraining factors of the Red Phosphor market?
- Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
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