Phosphor Market Report 2024 (Global Edition)

Global Phosphor Market Report 2024 Market Size Split by Type (Green, Yellow, Blue, White, Red, Orange, Others), by Application (Lighting Equipment, Electronic Display, Others)

Phosphor Market Report Description

We have various report editions of Phosphor Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Competitive Landscape of the Phosphor Market

The phosphor market features several prominent players competing for market share, offering a diverse range of phosphor products for various applications such as lighting, displays, and electronics. Key players focus on technological innovation, product development, and strategic partnerships to maintain their competitive edge and expand their presence in the global market.

Phosphor Industry News 

In December 2022, UBE finalizes the acquisition of all shares of API Corporation, marking a significant milestone in the completion of the acquisition process between the two entities.

(Source: https://www.ube.co.jp/ube/en/news/2022/20221201_02.html )

In January 2020, ams reveals the conclusive outcome of its takeover offer for OSRAM, signaling a significant development in the ongoing acquisition process between the two companies.

(Source: https://ams-osram.com/news/press-releases/ams-announces-final-result-in-takeover-offer-for-osram )

Top Companies Market Share in Phosphor Industry: (In no particular order of Rank)

• Intematix Corporation
• Mitsubishi Chemical Corporation
• Phosphor Technology Ltd.
• GE Lighting
• Nichia Corporation
• China Luminescent Technology Co. Ltd.
• Osram GmbH
• Seoul Semiconductor Co. Ltd.
• Epistar Corporation
• UBE Industries Ltd.
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Phosphor

Which Region Dominates the Phosphor Market in 2024?

According to Cognitive Market Research, Asia-Pacific dominates the phosphor market, driven by robust industrialization, technological advancements, and increasing demand for electronics and lighting solutions. Countries like China, Japan, and South Korea are major contributors to the region's phosphor market dominance, owing to their significant manufacturing capabilities and strong presence in the electronics industry.

Which Region is Expanding at the Fastest CAGR?

Meanwhile, the Middle East and Africa region are experiencing the fastest Compound Annual Growth Rate (CAGR) in the phosphor market. This growth is attributed to rising investments in infrastructure development, expanding industrialization, and increasing adoption of energy-efficient lighting solutions across sectors such as construction, automotive, and healthcare. As these regions undergo rapid economic development, the demand for phosphors is expected to continue surging, driving market expansion at an accelerated pace.

The current report Scope analyzes Phosphor Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Phosphor Market

According to Cognitive Market Research, the global Phosphor Market size was estimated at USD XX Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.1 % from 2024 to 2031. The surge is driven by innovation, technology advancements, increasing demand, and a strong focus on quality and sustainability. Electronic displays have gained widespread popularity primarily because of their technological advancements, offering high-resolution screens that meet the growing demand in consumer electronics. Moreover, electronic displays are favored for their versatility in applications such as smartphones, tablets, laptops, TVs, monitors, and digital signage. These displays provide sharp images, vibrant colors, and immersive visual experiences, catering to the preferences of modern consumers who seek high-quality display solutions. Furthermore, the emphasis on sustainability has also contributed to the popularity of electronic displays, with manufacturers adopting eco-friendly production processes and materials. The shift towards energy-efficient displays, such as OLED and LED technologies, aligns with sustainability goals and environmental regulations, driving consumer interest and market growth. Overall, the combination of innovation, technology, demand, quality, and sustainability has propelled electronic displays to be a dominant force in the consumer electronics market globally.

• According to Cognitive Market Research, the US had a major share in the Phosphor Market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 18.9 % during the forecast period. The demand is amplified by the nation's Innovation, technology and demand. 

• The Canada Phosphor Market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 19.9 % during the forecast period. Canada's Quality and sustainability contribute to increased usage of Phosphor.
• The Mexico Phosphor Market is projected to witness growth at a CAGR of 19.6 % during the forecast period, with a market size of USD XX million in 2024.

Europe Phosphor Market

According to Cognitive Market Research, with a market value of USD XX million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 19.4 % from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD XX million. The expansion is attributed to the focus on quality, innovation, technology advancements, and meticulous attention to precision and quality standards. Lighting equipment has garnered significant popularity, particularly for its emphasis on energy-efficient solutions, smart lighting technologies, and the integration of architectural lighting designs. Furthermore, the adoption of smart lighting systems, including LED lighting and IoT-enabled solutions, has significantly contributed to the appeal of lighting equipment. These technologies offer benefits such as energy savings, customizable lighting controls, remote monitoring, and automation features, making them highly sought-after in residential, commercial, and industrial settings. Moreover, the versatility of lighting equipment extends to various applications, including accent lighting, task lighting, ambient lighting, and decorative lighting, catering to diverse customer preferences and design requirements. This versatility, coupled with ongoing innovations in lighting technology, continues to drive the growth and popularity of lighting equipment across global markets.

• The United Kingdom Phosphor Market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 20.2 % during the forecast period. In the UK, Phosphor  sales witness an upswing due to the nation's Quality, innovation and technology. 

• The France Phosphor Market is projected to witness growth at a CAGR of 18.6 % during the forecast period with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the Germany Phosphor Market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 19.6 % during the forecast period. In Germany, Phosphor sales surge due to the nation's Precision and quality. 
• The Italy Phosphor Market is projected to witness growth at a CAGR of 18.8% during the forecast period with a market size of USD XX million in 2024.
• The Russia Phosphor Market is projected to witness growth at a CAGR of 18.4% during the forecast period with a market size of USD XX million in 2024.
• The Spain Phosphor Market is projected to witness growth at a CAGR of 18.5% during the forecast period with a market size of USD XX million in 2024.
• The Luxembourg Phosphor Market is projected to witness growth at a CAGR of 19.5% during the forecast period, with a market size of USD XX million in 2024.
• The Portugal Phosphor Market is projected to witness growth at a CAGR of 19.2% during the forecast period, with a market size of USD XX million in 2024.
• The Greece Phosphor Market is projected to witness growth at a CAGR of 19.7% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Europe Phosphor Market is projected to witness growth at a CAGR of 18.1% during the forecast period with a market size of USD XX million in 2024.

 

Asia Pacific Phosphor Market

According to Cognitive Market Research, the global Phosphor Market size was estimated at USD XX Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 22.9 % from 2024 to 2031. The upward trend can be attributed to increased production capabilities, ongoing innovation, rising demand, sustained growth, and the potential as a key source of revenue. Electronic displays have gained significant popularity, especially in regions with a strong foothold in electronics manufacturing. This dominance has fueled the growing demand for digital signage solutions, which are increasingly integrated into various sectors such as retail, transportation, healthcare, and education. Furthermore, the popularity of electronic displays is bolstered by their versatility, high-resolution visuals, energy efficiency, and interactive features. These displays serve as effective mediums for advertising, entertainment, information dissemination, and interactive experiences, driving their adoption across diverse industries. Additionally, advancements in display technologies, including OLED, LED, and touchscreen capabilities, continue to enhance the appeal and functionality of electronic displays, contributing to their sustained popularity in the market. Overall, the convergence of production capabilities, innovation, growing demand, and technological advancements positions electronic displays as a prominent and dynamic segment in the digital signage market, offering immense potential for further growth and market expansion.

• According to Cognitive Market Research, the China Phosphor Market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 22.4 % during the forecast period. Phosphor sales surge in China due to the nation's Production, innovation and demand.
• The Japan Phosphor Market is projected to witness growth at a CAGR of 21.4 % during the forecast period with a market size of USD XX million in 2024.
• The India Phosphor Market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 24.7 % during the forecast period. The demand is augmented by India's growth and potential source.
• The South Korea Phosphor Market is projected to witness growth at a CAGR of 22.0% during the forecast period with a market size of USD XX million in 2024.
• The Australia Phosphor Market is projected to witness growth at a CAGR of 22.6% during the forecast period with a market size of USD XX million in 2024.
• The South East Asia Phosphor Market is projected to witness growth at a CAGR of 23.9% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Asia Pacific Phosphor Market is projected to witness growth at a CAGR of 22.7% during the forecast period with a market size of USD XX million in 2024.

 

South America Phosphor Market

According to Cognitive Market Research, the global Phosphor Market size was estimated at USD XX Million out of which Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.3 % from 2024 to 2031. 

The increasing popularity of lighting equipment can be attributed to rapid advancements in technology, ongoing innovation, sustained growth in demand, and a focus on delivering high-quality products. Lighting equipment is particularly sought after for its energy-efficient solutions, catering to sustainability initiatives and environmental concerns. Moreover, the popularity of lighting equipment extends to infrastructure development projects, where modern and efficient lighting solutions are essential for creating well-lit and safe environments. Furthermore, the adoption of smart lighting technologies, including LED and connected lighting systems, has significantly contributed to the appeal of lighting equipment in various sectors such as residential, commercial, industrial, and public spaces. These technologies offer benefits such as energy savings, customizable lighting experiences, and enhanced control and automation, further driving their popularity across different regions and applications. Overall, the growing demand for energy-efficient and technologically advanced lighting solutions underscores the prominence of lighting equipment in addressing contemporary lighting needs and sustainability goals globally.

• According to Cognitive Market Research, the Brazil Phosphor Market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 20.9% during the forecast period. Phosphor sales flourish in Brazil due to the nation's technology and innovation. 
• The Argentina Phosphor Market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 21.2 % during the forecast period. The demand is augmented by Argentina's growth and quality. 
• The Colombia Phosphor Market is projected to witness growth at a CAGR of 20.1% during the forecast period, with a market size of USD XX million in 2024.
• The Peru Phosphor Market is projected to witness growth at a CAGR of 20.5% during the forecast period with a market size of USD XX million in 2024.
• The Chile Phosphor Market is projected to witness growth at a CAGR of 20.6% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Latin America Phosphor Market is projected to witness growth at a CAGR of 19.4% during the forecast period with a market size of USD XX million in 2024.

 

Middle East and Africa Phosphor Market

According to Cognitive Market Research, the global Phosphor Market size was estimated at USD XX Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.6 % from 2024 to 2031. 

The surge in popularity can be attributed to the combination of manufacturing expertise, affordability, innovation, and quality standards. Electronic displays are particularly favored for their versatility and suitability for various applications such as advertising, entertainment, and information displays. This popularity is further fueled by advancements in technology, making electronic displays more sophisticated, energy-efficient, and capable of delivering high-resolution visuals. In addition to their widespread use in digital signage, electronic displays are also gaining traction in sectors like retail, transportation, and healthcare, where dynamic visual content plays a crucial role in communication and engagement. Furthermore, the affordability of electronic displays has made them accessible to a wider range of industries and applications, contributing to their increasing adoption globally. Overall, the growing demand for electronic displays can be attributed to their adaptability, enhanced functionality, and cost-effectiveness, making them an essential component in today's digital era across various sectors worldwide.

• According to Cognitive Market Research, the GCC Countries Phosphor Market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 21.4 % during the forecast period. Phosphor sales flourish in the GCC Countries due to the region's manufacturing expertise, affordability. 
• The Egypt Phosphor Market is projected to witness growth at a CAGR of 20.9 % during the forecast period with a market size of USD XX million in 2024.
• The South Africa Phosphor Market is projected to witness growth at a CAGR of 21.6 % during the forecast period with a market size of USD XX million in 2024. Phosphor sales flourish in the South Africa due to the region's innovation and quality.
• The Turkey Phosphor Market is projected to witness growth at a CAGR of 20.1% during the forecast period with a market size of USD XX million in 2024.
• The Nigeria Phosphor Market is projected to witness growth at a CAGR of 19.7% during the forecast period with a market size of USD XX million in 2024.
• The Rest of MEA Phosphor Market is projected to witness growth at a CAGR of 19.6% during the forecast period with a market size of USD XX million in 2024.

Phosphor Market Analysis

Phosphor Type Segment Analysis

According to Cognitive Market Research, among the phosphor types, white phosphor dominates the market due to its widespread application in various lighting technologies, including LEDs and fluorescent lamps. It offers versatile color temperatures and high efficiency, making it a preferred choice for general lighting purposes.

The fastest-growing phosphor type is blue phosphor, driven by the increasing demand for blue LEDs in display and lighting applications, particularly in smartphones, TVs, and automotive lighting. Blue phosphors enable the production of white light through color mixing or phosphor conversion, driving their adoption in energy-efficient lighting solutions. Additionally, advancements in blue phosphor technology, such as improved quantum efficiency and color rendering, further contribute to its market growth.

• Green
• Yellow
• Blue
• White
• Red
• Orange
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Phosphor Industry. Request a Free Sample PDF!

Phosphor Application Segment Analysis

According to Cognitive Market Research, In the phosphor market, electronic display applications hold the largest share due to their widespread use in various display technologies like LCDs, OLEDs, and plasma displays. The growing demand for high-resolution and energy-efficient displays in smartphones, TVs, and signage drives the dominance of electronic display applications.

Meanwhile, lighting equipment applications exhibit the fastest growth, fueled by increasing adoption of energy-efficient lighting solutions like LEDs across residential, commercial, and industrial sectors. The transition towards LED lighting, driven by environmental concerns and government regulations, propels the demand for phosphors in lighting equipment applications, contributing to rapid market expansion.

• Lighting Equipment
• Electronic Display
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

David Fuller

Senior Analyst at Cognitive Market Research

LinkedIn

Profile

I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.

Author's Conclusion