LED Phosphors companies

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

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

Browse key industry insights with market data tables & charts from the report:

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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