Emerging trends and technologies in the LED packaging market in 2021

The LED packaging market is moderately competitive and consists of several major players. In terms of market share, almost no major players currently dominate the market. More and more investment is driving many new competitors who offer products at lower prices into the market, which makes the market more competitive. The main players in the market are Dow Corning, NuSil Technology LLC, HB Fuller, Shin-Etsu Chemical Co., Ltd., and Henkel Corporation KGaA. These manufacturers are constantly innovating and upgrading their products to meet the growing market demand.

Emerging trends and technologies in the LED packaging market in 2021

September 2018-Shin-Etsu Chemical Co., Ltd. made a US$110 billion facility investment in its silicone business. The company's main bases in Japan and the world have expanded the production capacity of silicone monomers and various types of silicone fluids, resins and rubber final products. Through these investments, Shin-Etsu Chemical Co., Ltd. has further strengthened its integrated production system and at the same time strengthened its ability to provide customers with solutions.

June 2018-In response to the region's leading semiconductor packaging production growth, Panasonic announced the start of mass production of molded underfill semiconductor packaging materials in Shanghai, China. Through this expansion, the company will be able to provide faster and more efficient services to semiconductor packaging customers who produce most smartphones in China.

By 2020, the growth of the LED lighting market is expected to grow to 70 billion US dollars, from an 18% market share to a 70% market share (Forbes) in just 5 years. At the same time, global warming has created a huge demand for energy conservation, especially lighting, which accounts for approximately 19% of global annual electricity consumption (European Commission, 2018). With the frequent use of LED systems in a wider range of applications, packaging has been providing support for this evolving industry and continuously providing continuous development for the LED market.

The driving force for market growth comes from the demand for longer-life LEDs and the demand for moisture and chemical corrosion resistance. In addition, chip-on-chip LEDs are expected to further promote the growth of this market from the fatigue of solder joints. In the past few years, the silicone packaging market has enjoyed a strong momentum of development as the material of choice for LED packaging, due to its flexibility and operating capabilities in a wide temperature range, despite the possibility of reliability issues in cold weather . However, epoxy resin still provides the largest market for encapsulated LEDs because it provides effective moisture resistance and is cost-effective.

Regarding TV display applications, the industry is shifting from the use of LEDs to OLED (organic light emitting diodes). This is the most advanced innovation and should penetrate more into the market. This tendency may hinder the growth of the LED packaging market and the number of packaging markets.

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