LED Phosphors Market Share

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

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