The global LED phosphor market is geographically segmented into North America, Europe, Asia Pacific, and Rest of the World. However, China emerges as the dominant country with a huge market share in the global LED phosphor market.
It was till 2008 that Chinese LED companies procured phosphors from imports. It was only after domestic players entered the market that imports were reduced to 80% in 2010 and 60% in 2011, boosting local production and increasing the market potential. Moreover, as regions in Europe are also implementing policies to save on energy consumption, it is likely to motivate end-user industries such as automotive, phones, LCD TV, LED lighting, and portable PCs.
The investment plans and financial outlooks of the key players in the global LED phosphor market will decide the future of the global LED phosphor market in the coming few years, along with changing consumer preferences.