What is Global Electroluminescent Materials Market?
The Global Electroluminescent Materials Market is a vast and dynamic sector that encompasses a wide range of materials that emit light in response to an electric current or a strong electric field. This unique property makes them highly sought after in various industries, including electronics, automotive, and aerospace. The market is driven by the increasing demand for high-efficiency, low-power consumption lighting solutions. The global market for these materials was valued at a modest US$ 5 million in 2023, but it is expected to witness significant growth in the coming years, reaching an estimated value of US$ 8 million by 2030. This represents a compound annual growth rate (CAGR) of 7.5% during the forecast period from 2024 to 2030.
Blue Electroluminescent Materials, Green Electroluminescent Materials, Orange Electroluminescent Materials, White Electroluminescent Materials in the Global Electroluminescent Materials Market:
The Global Electroluminescent Materials Market is segmented into various types based on their color emissions. These include Blue Electroluminescent Materials, Green Electroluminescent Materials, Orange Electroluminescent Materials, and White Electroluminescent Materials. Each of these materials has unique properties and applications, contributing to the overall growth of the market. Blue Electroluminescent Materials, for instance, are widely used in display technologies due to their high brightness and long lifespan. Green Electroluminescent Materials, on the other hand, are popular in automotive and aerospace industries for their excellent visibility and low power consumption. Orange and White Electroluminescent Materials also have their unique applications, further diversifying the market.
Panels, Wires, Others in the Global Electroluminescent Materials Market:
The Global Electroluminescent Materials Market finds its applications in various areas such as Panels, Wires, and Others. Electroluminescent panels are used in a wide range of applications, including backlighting for LCD displays, emergency lighting, and architectural lighting. Electroluminescent wires, on the other hand, are flexible and can be used in a variety of applications, including clothing, safety gear, and automotive interiors. Other applications of electroluminescent materials include signage, advertising, and decorative lighting. The versatility of these materials and their ability to provide efficient, low-power lighting solutions are driving their demand in these areas.
Global Electroluminescent Materials Market Outlook:
Looking at the market outlook for the Global Electroluminescent Materials Market, it is clear that the sector is set for significant growth. In 2023, the market was valued at US$ 5 million. However, it is projected to almost double in value by 2030, reaching an estimated US$ 8 million. This represents a compound annual growth rate (CAGR) of 7.5% during the forecast period from 2024 to 2030. The largest consumption region for Electroluminescent Materials is North America, which accounted for nearly 60% of the global market share in 2019. This dominance can be attributed to the region's advanced technology industries and high demand for efficient, low-power lighting solutions.
| Report Metric | Details |
| Report Name | Electroluminescent Materials Market |
| Accounted market size in 2023 | US$ 5 million |
| Forecasted market size in 2030 | US$ 8 million |
| CAGR | 7.5% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Leuchtstoffwerk Breitungen GmbH, Shanghai Keyan Phosphor Technology |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
