Red Phosphor Market Size to Reach USD 686.77 Billion in 2028 | Major Investments in Research and Development and Rising Demand for LED Lights are Some Key Growth Drivers Of The Industry, says Emergen Research

Vancouver, British Columbia, Feb. 24, 2021 (GLOBE NEWSWIRE) — The global red phosphor market is expected to reach a market size of USD 686.77 Billion by 2028 and register a CAGR of 4.3% over the forecast period, according to latest analysis by Emergen Research. Red phosphor is widely used in the production of fertilizers, pesticides, semiconductors, safety matches, pyrotechnics, smoke bombs, incendiary shells in organic synthesis reactions, and certain flame retardants. It is also used in electroluminescent coatings. High investment in research and development of red phosphor-based electronics and rising demand for fertilizers, pesticides, and other red phosphor-based agricultural products are key factors expected to support market growth going ahead.Claim Your FREE Sample Copy with Table of [email protected] for LED lights has been increasing in the past year due to rising consumer preference driven by high efficiency and less power consumption attributes of this technology. This in turn has been leading to rising demand for red phosphor used as lining in LED lights. Continuous product expansions and enhancements across lighting, agriculture, flame retardants, and automotive industries is contributing significantly to market growth. Phosphor-converted white-light-emitting diodes (pc-WLED) have become the next-generation solid-state lighting source in both indoor and outdoor lighting applications. Shift towards more energy efficient lighting technologies such as LED in developed and developing countries is expected to support market growth going ahead.Key Highlights of Report  In May 2019, Institute for General, Inorganic, and Theoretical Chemistry at the University of Innsbruck developed a new red phosphor, which increases the efficiency of LEDs by around one-sixth, making them more perceivable by the eye.Clariant AG has recently launched a new product line of halogenated additive flame retardants. These can expand usage in a range of thermoset resin and is suitable both for coating and reinforced materials.Increase in demand for fertilizers and LED lightings are some growth driving factors. Revenue from the electronics segment is expected to expand at a steady CAGR during the forecast period.Europe accounted for largest revenue share contribution to the global red phosphor market in 2020. Revenue increase is expected to remain steady over the forecast period, which can be attributed to shift towards more energy efficient lighting systems, and rising demand for red phosphor from the automotive industry in countries in the region.Check Our [email protected]
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; 2021–2028)General PurityHigh PurityApplication Outlook (Revenue, USD Billion; 2021–2028)ElectronicsChemicalAgriculturalMetallurgicalOthers (Pyrotechnics and Explosives)Click to access the Report Study, Read key highlights of the Report and Look at Projected Trends: Outlook (Revenue, USD Billion; 2021–2028)North AmericaU.S.CanadaMexicoEuropeGermanyU.K.FranceItalySpainBENELUXRest of EuropeAsia PacificChinaIndiaJapanSouth KoreaRest of APACLatin AmericaBrazilRest of LATAMMiddle East & AfricaSaudi ArabiaUAESouth AfricaRest of MEATake a Look at our Related Reports:Spherical graphite market size was valued at USD 2,435.8 Million in 2019 and is forecasted to reach USD 9,598.8 Million by 2027 at a CAGR of 18.6%. The spherical graphite market is observing a double-digit growth attributed to its increasing usage in lithium-ion battery production.Sodium dichromate market size was valued at USD 759.2 Million in 2019 and is forecasted to reach USD 1,242.4 Million by 2027 at a CAGR of 6.3%. The sodium dichromate market is observing high demand attributed to its increasing application in pigment, metal finishing, chromium compounds preparation, leather tanning, and wood preservative.Acoustic insulation market size was valued at USD 12.94 Billion in 2019 and is forecasted to reach USD 19.64 Billion by 2027 at a CAGR of 5.3%. The acoustic insulation market is observing high demand attributed to its increasing application in building & construction, automotive, aerospace, and manufacturing.About Emergen ResearchEmergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.Contact Us:Eric LeeCorporate Sales SpecialistEmergen Research | Web: www.emergenresearch.comDirect Line: +1 (604) 757-9756E-mail: [email protected]Facebook | LinkedIn | Twitter | BlogsRead Full Press [email protected]

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