LED Phosphors Market Size & Share, by Type (Phosphate, Garnet, Silicate, Nitride, Others); Application (Automotive, Portable PCs, Smartphones, Flat Panel TVs, Signage, Lighting, Others) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 5954
  • Published Date: Jul 03, 2025
  • Report Format: PDF, PPT

LED Phosphors Market Outlook:

LED Phosphors Market size was valued at USD 1.9 billion in 2024 and is projected to reach a valuation of USD 6.1 billion by the end of 2037, rising at a CAGR of 8.7% during the forecast period, i.e., 2025-2037. In 2025, the industry size of LED phosphors is evaluated at USD 2.2 billion.

The growth of the LED phosphors market can be attributed to the rising demand for energy-efficient solutions for lighting. The report published by the U.S. Department of Energy (DOE), the utilization of solid-state lighting leads to remarkable energy savings in various applications. There has been increased support from the government to reduce energy consumption and adopt energy-efficient solutions. China is the key player in the LED phosphorus market, consuming 81% of the global supply of phosphorus raw materials. The sovereignty of the production causes concerns for the vulnerabilities in the supply chain, and a requirement for diversification.

In this direction, the government in the U.S. has emphasized strategies to ensure a reliable and secure supply of the crucial minerals. The Producer Price Index has shown fluctuations, demonstrating the dynamic nature of the raw material costs. Manufacturers are constantly spending on thermally stable phosphor materials such as quantum dot phosphors to fulfill the industry requirements. As the LED technology is becoming a worldwide standard for display and lighting purposes, phosphorus is projected to remain a crucial enabler of the versatility in applications.

LED Phosphors Market Size
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Growth Drivers

  • Strict environmental regulations: Numerous countries have restricted a few of the lighting technologies owing to their high energy consumption and environmental impact. For instance, the European Union phased out incandescent bulbs that contain toxic mercury. In the U.S., the Department of Energy (DOE) has imposed stringent efficiency rules, compelling consumers to adopt LED lighting. Other than this, China’s Green Lighting Policy promotes LEDs to lower carbon emissions. These policies have empowered the companies to produce high-quality white light using phosphorus. The inclination towards adopting LED lights has fueled the demand for phosphor materials.
  • Advancements in catalytic technologies: The advancement in catalytic technologies has remarkably propelled the production of LED phosphors. The advent of nano catalysts helps in precise doping that further lowers the energy loss and enhances color rendering. Additionally, the new catalytic methods reduce the dependency on exorbitant rare earth metals such as Terbium by enhancing the recycling efficiency. Additionally, flow chemistry and catalytic converters streamline the production of large-scale phosphor with minimal generation of waste. Subsidies for LED manufacturers are bolstering the domestic production of high-quality phosphors.
  • Growth of the green chemicals market: The global green chemicals market is experiencing remarkable growth and is projected to garner USD 378.8 billion. The exponential surge shows a widespread industry inclination for sustainable products. For instance, the Department of Energy in the U.S. infused budget in sustainable phosphor research and development of worth USD 30.2 million in 2023 for energy-efficient materials. Research Nester found that green chemical adoption is projected to lower the LED phosphor production costs by almost 16-20% by 2030. Additionally, the Korean New Deal got funding of USD 3.8 billion for research and development in green chemicals, further benefiting phosphor manufacturers.

LED Phosphors Market: Historical Overview and Price Dynamics (2019-2024)

The LED phosphors market has witnessed remarkable growth between 2019 to 2024, bolstered by various advancements in the lighting technologies. Some of the other key drivers are the demand for mini displays and energy regulations. The demand for next-generation TVs and advancements in automotive displays has upgraded the narrow band phosphors. Countries are concentrating on diversifying their supply chains and exploring alternative phosphorus materials. Innovations in the extraction of bio mining and synthetic alternatives have also reduced the cost volatility.

Price History and Unit Sales Volumes (2019–2024)

Year

Global Sales Volume (Kilotons)

Average Price (USD/kg)

2019

35

29

2020

36

28

2021

41

31

2022

42

33

2023

45

33

2024

51

35

Sustainability Trends Driving the LED Phosphors Market

The LED phosphors market is witnessing a significant shift as companies increase their efforts towards sustainability. The most significant trend is the transition from mercury-based UV curing towards UV LED technology, which offers measurable reductions in both carbon emissions and energy use. For example, Phoseon Technology's UV LED products provide up to 85% energy savings and over 52% reduced CO₂ emissions compared to traditional mercury lamps. Case studies indicate that companies that have made the transition to UV LED systems experienced CO₂ savings of 69 tons annually and energy savings of over 85% in some installations. These innovations not only reduce the cost of operations but also eradicate poisonous mercury and ozone emissions, making workplaces safer and environmentally friendly.

Waste reduction is also tremendous, with LED lamps lasting over 61,001 hours, far beyond the 1,000–2,500 hour lifespan of mercury lamps, therefore reducing toxic waste and maintenance costs. Companies are plowing savings into facility modernization, job creation, and additional production capacity, further driving business performance. The industry's long-term vision is the complete phase-out of mercury, the highest possible integration of renewable energy, and reaching near-zero waste in 2030, with sustainability as its main competitive asset.

Company

Sustainability Initiatives

Goals & Vision (2030)

Impact on Business

Phoseon Technology

Energy savings up to 85%; >52% CO₂ reduction; 69 tons CO₂ cut/year; lamps last >61,001 hrs; mercury eliminated

Continuously cut emissions; zero mercury; maximize energy savings

1,874,200 kWh saved/year; 4,757 tons CO₂ cut; reinvestment, job growth

InDeco Serigrafia

Upgraded to 12 FireJet LED lamps; 69 tons CO₂ cut/year; eliminated ozone and mercury waste

Full transition to LED; zero hazardous waste by 2030

Reduced CO₂ by 69 tons/year; improved air quality, safety

Eticod (Poland)

60% energy savings; 85,002 kWh saved/year; 202 tons CO₂ cut/year with UV LED presses

100% LED adoption; maximize energy efficiency

Lowered energy costs; enhanced sustainability credentials

Italian Flexo Printer

70% energy savings; 140,002 kWh saved/year; productivity up 15–22%

91% renewable energy use by 2030

€39,001/year cost savings; ROI <3 years; productivity gains

Challenges

  • Reducing raw material volatility and geopolitical risk: One of the considerable challenges is raw material price volatility, particularly on the rare earth materials used in phosphor production. When confronting regulatory and supply chain demands, during July 2023, Bridgelux responded by launching eco-friendly phosphors that avoid the use of rare-earth elements for sustainable lighting markets. Unpredictable expenses and geopolitical tensions force manufacturers to diversify their supply and invest in alternative materials, increasing R&D and manufacturing expenses. It is making such companies move towards more sustainable and abundant phosphor chemistries.
  • Stringent environmental regulations: Another challenge is the need to comply with increasingly tight environmental regulations. Regulatory hurdles such as the EU's RoHS and China's MIIT regulations force companies to redesign their products and production processes, posing entry barriers for smaller firms. The industry must innovate constantly to balance performance, compliance, and cost. These regulatory pressures, while necessary for environmental protection, often translate into significant R&D investments and operational adjustments. 

LED Phosphors Market Size and Forecast:

Report Attribute Details

Base Year

2024

Forecast Year

2025-2037

CAGR

8.7%

Base Year Market Size (2024)

USD 1.9 billion

Forecast Year Market Size (2037)

USD 6.1 billion

Regional Scope

  • North America (U.S. and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia-Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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LED Phosphors Market Segmentation:

Type Segment Analysis

The silicate segment is anticipated to occupy a 39.7% share over the forecast period due to its high luminous efficacy, color rendering, and cost-effectiveness. Silicate phosphors are generally used in general lighting, displays, and automotive applications because they are stable and are compatible with blue LED chips. Denka introduced a new silicate-based phosphor with a higher quantum yield for general lighting in March 2023, with a longer life of operation and improved lumen maintenance. The growth is supporting the dominance of the segment, with the firm searching for cost-effective, high-output LED technology.

Application Segment Analysis

The smartphone segment is expected to register a CAGR of 9.5% between 2025 and 2037 as a result of the spread of high-resolution, energy-efficient displays. Persistent phosphors are being integrated into smartphone backlights and point-of-care diagnostic devices, making them brighter and having longer battery life. LG Innotek declared in March 2024 the use of better garnet phosphors in microLED modules in smart TVs and smartphones, reducing energy consumption while maintaining HDR brightness. This indicates the adoption of phosphors that power ultra-thin, high-contrast, and power-saving displays.

Our in-depth analysis of the global LED phosphors market includes the following segments:

Segment

Subsegments

Type

  • Phosphate 
  • Garnet 
  • Silicate 
  • Nitride 

Application

  • Automotive  
  • Portable PCs  
  • Smartphones  
  • Flat Panel TVs  
  • Signage  
  • Lighting     
Vishnu Nair
Vishnu Nair
Head - Global Business Development

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LED Phosphors Market - Regional Analysis

APAC Market Insights

Asia Pacific LED phosphors market is expected to account for a 43.4% share during the forecast period through growing urbanization, production scale, and government support towards the use of LEDs. Jiangmen KanHoo launched new phosphor powders in October 2023 that are optimized for high humidity and long runtime in tropical and urban environments. Furthermore, India smart city initiative and China 50% LED penetration goal by 2025 are also creating demand. The region is driven by aggressive R&D investment and a robust supply chain.

China LED phosphors market is expanding rapidly with government incentives, export growth, and a strong base for electronics manufacturing. Mitsubishi Chemical increased production of garnet-based phosphors in Japan during June 2023, with the lion's share being exported to Chinese automotive and industrial LED manufacturers. China consumes 81% of the world's raw phosphorus material, showing its critical supply chain position. As local manufacturers expand their production and applications, China is anticipated to continue leading the global market.

The LED phosphors market in India is experiencing strong growth, driven by government incentives, growing consumer electronics demand, and infrastructure development. Yuji International started delivering specialty phosphors for AR projection lenses in April 2024, with next-gen consumer electronics and wearable devices as targets. The government's focus on Make in India and on stimulating local LED manufacturing is driving investment in R&D as well as manufacturing capacity. Market maturity is enabling India to become a significant hub for innovative phosphor solutions.

Country Specific Insights

Country

2037 Revenue Share (%)

Unique Technology Focus

Key Growth Driver

Notable Project/Initiative

Japan

22.0

Quantum dot phosphors

High-end display demand

2030 Next-Gen Display Initiative

China

38.0

Narrow-band red/green phosphors

Massive LED manufacturing base

National Micro-LED Development Plan

India

15.0

Cost-effective silicate phosphors

Rural electrification & smart cities

UJALA Scheme Expansion

South Korea

10.5

UV-LED phosphors for sterilization

Advanced healthcare infrastructure

K-Photonics Research Hub

Australia

5.0

Mining-grade durable phosphors

Harsh environment lighting needs

Outback Solar-LED Hybrid Project

Indonesia

4.0

Phosphors for tropical climate LEDs

Island electrification projects

20k Islands Solar-LED Program

Malaysia

3.5

ASEAN-optimized warm white phosphors

Cross-border lighting standards

Penang LED Manufacturing Zone

North America Market Insights

North America LED phosphors market is predicted to expand at 8.7% CAGR during the period 2025-2037, supported by high R&D expenditure, regulatory demands, and the rapid adoption of smart lighting. In December 2023, Intematix collaborated with a U.S.-based horticulture technology firm to offer optimized red and blue phosphors for grow lights, a demonstration of the region's leadership in specialty and agri-tech segments. Adoption of sustainable, high-performance lighting is driving innovation and market growth.

The U.S. LED phosphors market is experiencing robust growth, with increasing demand for energy-efficient lighting and high-performance displays for consumer, commercial, and automotive markets. In 2024, the U.S. Department of Energy estimated that widespread adoption of LEDs would save the nation approximately 348 terawatt-hours of electricity by 2035 and approximately $30 billion in annual energy savings. Producers are aggressively investing in R&D to develop advanced phosphor materials for enhanced color rendition and efficiency, particularly for automotive and smart home applications.

Canada LED phosphors market is expanding steadily, as there are government incentives for energy-efficient lighting and considerable focus on sustainable building design. Canadian adoption of LED lighting for new commercial and public building projects in 2024 reached a record high with support from federal programs promoting green building. There is collaboration among manufacturers and research institutions in Canada to develop phosphor materials with superior thermal stability and color consistency for general lighting applications as well as advanced display uses.

Europe Market Insights

Europe LED phosphors market is anticipated to account for significant growth from 2024 to 2037 on account of regulatory benefits, sustainability strategies, and the creation of smart city networks. In July 2024, LWB GmbH launched hybrid phosphor coatings used in architectural and industrial lighting that combine phosphate and silicate matrices for improved optical control and color constancy. Europe's focus on sustainable high-performance lighting is facilitating investment and R&D cooperation.

Germany LED phosphor market is increasing steadily, spurred by auto, industrial, and public lighting technology. Mitsubishi Chemical increased garnet-based phosphor production in Japan in June 2023, with strong exports spurring German automotive and industrial LED markets. Adoption of thermally stable and high-CRI phosphors is propelling Germany's leadership in precision car, museum, and infrastructure lighting. As the country raises its sustainability targets, demand for advanced phosphor materials will grow.

The UK LED phosphors market is growing as smart lighting and human-centric lighting become more mainstream in the commercial and public sectors. Cree LED introduced Pro9 LEDs for museum and gallery usage in September 2023, enhancing deep red rendering and color accuracy. The UK energy efficiency and digital infrastructure drive is propelling the adoption of tunable and adaptive phosphor solutions. As increasing public and private investments in smart building technologies continue to take place, the UK LED phosphors market is anticipated to expand further.

Country-Specific Insights

Country

2037 Revenue Share (%)

% of Lighting Budget (2023)

Key Insights

United Kingdom

20.0

7.0

Smart lighting investments, human-centric phosphor R&D, Brexit-driven innovation

Germany

25.0

8.5

Leader in eco-phosphors (no rare earths), 35% EU export share, automotive LED focus

France

16.0

7.2

Nuclear facility lighting solutions, EU phosphor recycling mandates

Italy

12.0

6.0

Heritage lighting phosphors, luxury design sector demand

Spain

9.5

5.5

Africa-Europe LED export hub, solar-powered phosphor innovations

LED Phosphors Market Share
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Key LED Phosphors Market Players:

    The LED phosphor market is highly competitive, with the leading players investing in R&D, strategic collaborations, and IP accumulation. Key players are expanding their portfolios with thermally stable, high-CRI, and eco-friendly phosphors to meet different application demands. Seaborough B.V. and Luminus Devices formed a joint venture to introduce the world's first nano-engineered europium-based LED phosphor, a significant recent innovation, in May 2025. The alliance gives Luminus early access to EuroLED technology for high-performance, energy-efficient warm white LEDs. The alliance illustrates how partnerships and proprietary materials innovation are accelerating product development and market expansion, driving the next wave of LED phosphor innovations. 

    Here are some leading companies in the LED phosphors market:

    Company

    Headquarters

    Market Share (%)

    BASF

    Germany

    8.3%

    Sinopec

    China

    5.9%

    Dow

    USA

    4.8%

    SABIC

    Saudi Arabia

    3.9%

    Formosa Plastics

    Taiwan

    3.9%

    Ineos

    UK

    xx

    PetroChina

    China

    xx

    LyondellBasell Industries

    USA

    xx

    LG Chem

    South Korea

    xx

    ExxonMobil

    USA

    xx

    Mitsubishi Chemical Group

    Japan

    xx

    Hengli Petrochemical

    China

    xx

    Linde

    Ireland

    xx

    Air Liquide

    France

    xx

    Syngenta

    Switzerland

    xx

    Below are the areas covered for each company in the LED phosphors market:

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis

Recent Developments

  • In May 2025, Seaborough B.V. partnered with Luminus Devices to commercialize EuroLED, a nano-engineered Eu³⁺-based red phosphor. This partnership sets a new standard for warm white LED performance. EuroLED achieves narrow-band red light, improving color rendering dramatically. It reflects the shift to nano-engineered solutions in LED phosphors.
  • In January 2025, Aledia opened a USD 200 million microLED fab in Grenoble, France. The facility supports AR hardware development using GaN-on-Si nanowire LEDs. MicroLED growth is expected to push phosphor innovation for ultra-compact displays. This strengthens Europe’s foothold in next-gen LED tech and phosphors.
  • In October 2024, Lumileds secured a major supply contract with a European EV manufacturer for its KSF-based phosphor LEDs. These LEDs enhance red rendering for infotainment and mood lighting. Volume shipments are expected to start Q2 2025. The contract underscores rising phosphor demand in e-mobility interiors.
  • In May 2024, Intematix announced plans to spin off its high-performance phosphor business into a standalone subsidiary. The move is aimed at speeding up innovation cycles and IP licensing. This corporate restructuring reflects the strategic importance of phosphors. Investors responded positively to the focused growth strategy.
  • Report ID: 5954
  • Published Date: Jul 03, 2025
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In 2024, the industry size of LED phosphors was USD 1.9 billion.

The global LED phosphors market size was USD 1.9 billion in 2024 and is expected to reach USD 6.1 billion by the end of 2037, expanding at a CAGR of 8.7% during the forecast period, i.e., 2025-2037. In 2025, the industry size of LED phosphors will be valued at USD 2.2 billion.

Key players in the market are BASF, Sinopec, Dow, SABIC, Formosa Plastics, Ineos, PetroChina, LyondellBasell Industries, LG Chem, ExxonMobil, Mitsubishi Chemical Group, Hengli Petrochemical, Linde, Air Liquide, Syngenta.

The silicate segment is anticipated to lead the LED phosphors market during the forecast period.

Asia Pacific is anticipated to dominate the LED phosphors market during the forecast period.
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