LED Phosphor Industry to Boom within 8 Years

Suppliers for LED phosphor will embrace a good future in 2020. According to some research institute, phosphor used in LED lighting marker is likely to boom. It estimated that the phosphor market value will reach to $525 million in 2012, and will up to $730 million in 2015. By the end of 2019, it may achieve to $1.6 billion.

It shows that the compound annual growth rate of phosphor will be more than 17%, mostly attributed to general lighting.

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