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Red Phosphor Market Forecast, Research Methodology Overview and Key Companies Analysis by 2028

September 1, 2021

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. The report provides detailed insights into Red Phosphor market size, market trends, industry trends, consumer trends, market forecast, revenue share growth, along with ranging impacts of each driver on market size. It also provides analysis of various factors expected to restrain or limit potential growth in Red Phosphor market size over the forecast period, 2020–2028. Growth of the market can be attributed to enhancements in lighting and new product launches, and rising demand for fertilizers and flame retardants globally. The report includes profiles of major players in the Red Phosphor market, strategies being employed/deployed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.

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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. Global Red Phosphor market size expansion is significantly supported by contribution from major segments and increasing deployment in a range of applications.While conducting primary research, the researchers observed that the rapid growth of the Red Phosphor Market through the forecast duration is driven by the niche and emerging opportunities for the producers engaged in the worldwide 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. The worldwide Red Phosphor market has been categorized as product, end-user, and major geographic regions. In addition, rapidly rising demand and deployment in respective sectors/industries in major and developing countries is supporting growth in terms of Red Phosphor market share contribution of these countries. In addition, Red Phosphor market share contribution is expected to continue to incline steadily over the forecast period due to favorable government policies, advancements in technology, and steady economic growth across various regions and countries.

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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; 2024–2028)
- General Purity
- High Purity

Application Outlook (Revenue, USD Billion; 2024–2028)
- Electronics
- Chemical
- Agricultural
- Metallurgical
- Others (Pyrotechnics and Explosives)

Regional Outlook (Revenue, USD Billion; 2024–2028)
- North America
  1. U.S.
  2. Canada
  3. Mexico
- Europe
  1. Germany
  2. U.K.
  3. France
  4. Italy
  5. Spain
  6. BENELUX
  7. Rest of Europe
- Asia Pacific
  1. China
  2. India
  3. Japan
  4. South Korea
  5. Rest of APAC
- Latin America
  1. Brazil
  2. Rest of LATAM
- Middle East & Africa
  1. Saudi Arabia
  2. UAE
  3. South Africa
  4. Rest of MEA

In terms of Red Phosphor market share and revenue contribution to the global Red Phosphor market, North America is expected to maintain its dominance over other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting rapid increase in Red Phosphor market share.

The market intelligence report on the Red Phosphor Industry also includes an extensive investigation of the competitive landscape. It assesses the business and marketing strategies expected to be present in the market through the forecast years. It also includes an investigation of the recent advancements and other factors driving the growth of the overall market to help comprehend the progress of the companies in the coming years.

Region wise performance of the Red Phosphor industry

In terms of Red Phosphor market size, North America is expected to remain dominant among the other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting Red Phosphor market size growth.

Asia Pacific Red Phosphor market size is expected to remain steady, and register fastest revenue growth rate between 2020 and 2028. Rapid revenue growth rate in countries such as China and India is attributable to rapid growth in Red Phosphor market size in Asia Pacific, and the trend is expected to continue going ahead.

Continuous developments in countries in Europe is expected to support growth in regional market size over the forecast period.

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

United States
Europe
China
Japan
Southeast Asia
India

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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.

The research provides answers to the following key questions:

What will be the growth rate and the market size of the Red Phosphor industry for the forecast period 2020-2027?
What are the major driving forces expected to impact the development of the Red Phosphor market across different regions?
Who are the major driving forces expected to decide the fate of the Red Phosphor industry worldwide?
Who are the prominent market players making a mark in the Red Phosphor market with their winning strategies?
Which Red Phosphor industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
What are the key barriers and threats believed to hinder the development of the industry?
What are the future opportunities in the Red Phosphor market?

Table of Content

Chapter 1. Methodology & Sources

1.1. Red Phosphor Market Definition

1.2. Research Scope

1.3. Methodology

1.4. Research Sources

1.4.1. Primary

1.4.2. Secondary

1.4.3. Paid Sources

1.5. Red Phosphor Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2024-2028