Phosphor Market Size, Share, Trend, Forecast, & Industry Analysis
July 20, 2022 ⚊ 1 Min read ⚊ Views 79 ⚊ BUSINESS
The global growth of phosphor market size is primarily driven by widespread product usage in electronics and lighting industry. Growing construction industry with rise in residential and commercial construction activities is expected to drive the demand for LEDs and thus phosphor during the forecast period. In addition to this, rising demand for OLEDs due to improved performance is likely to create lucrative opportunities for the players operating in the global market in the coming years.
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