Light-emitting Diode (LED) Material
Market
Light-emitting Diode (LED) Material Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Light-emitting Diode (LED) Material Market Size and Growth
The Light-emitting Diode (LED) Material market is experiencing significant growth, driven by increasing demand for energy-efficient lighting solutions and advancements in technology. As of 2023, the market size is valued at approximately $20 billion, with a projected CAGR of over 8% through 2030, reflecting rising adoption in diverse applications.
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Companies Covered
(Covid 19 Impact Covered)
◍ Dow Chemicals Company
◍ II-VI incorporated
◍ Sabic
◍ Intematrix
◍ Seoul Semiconductor
◍ DuPont
◍ Koninklijke Philips N.V.
◍ OSRAM
◍ Cree, Inc.
◍ AkzoNobel
◍ Nichia Corporation
◍ Epistar Corporation
The LED material market features key players like Dow Chemicals, II-VI, Sabic, and Philips, leveraging advanced materials for efficiency and innovation. Companies like Cree and Nichia excel in LED technology, driving market growth. Notable sales include Cree at $1 billion and Philips at approximately €7 billion annually.
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Market Segmentation
By Application
◍ illumination ◍ Display technology ◍ Photonics
◍ Inspection/Spectroscopy
◍ Pathogen
By Product
◍ Trimethyl Gallium (TMGa)
◍ Trimethyl Aluminum (TMA)
◍ Trimethyl Indium (TMIn)
◍ Triethyl Gallium (TEGa) ◍ C2Mg2
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Market Growth
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$ X Billion USD
