One of the fastest-growing companies in the North American quantum dot market, Quantum Materials, has just introduced Cadmium free green and red quantum dots to the marketplace.
The initial limited production volume of these innovative quantum dots will be sent to a number of consumer electronics manufacturers, selected by Quantum Materials. The firm has also worked to improve the overall stability of its Cadmium-free nanomaterials, thanks to heavy investment in facilities and equipment.
“We were very encouraged with the results of our meetings at CES,” said Quantum Materials Corp CEO Stephen Squires. “I personally am even more pleased with the dedication, hard work and creativity of our team. Their discoveries have enabled us to meet the stringent demands and tight delivery deadlines necessary to rapidly integrate our materials into commercial products.”
The global quantum dot market is expected to grow at a CAGR of 63% from 2014 to 2020, due to this fast rate of growth Quantum Materials are set to boost its production levels to 2000Kg per annum in order to meet this increased demand. A key future trend in the global quantum dot market is that government policies and guidelines that regulate dangerous materials in consumer electronic devices will increase the market for Cadmium free quantum dots.
The main companies that operate in the quantum dot market globally are U.S.-based QD Vision, Inc., Nanosys, Inc., alongside UK company Nanoco Group. There are a great deal of new and improved products introduced to the market each year, with partnerships between strategic players being commonplace.
The global quantum dot market is forecast to total US$4.7bn by 2020, as a result of the fast-growing Asian Pacific region. However, North America currently accounts for the largest market share of quantum dots globally. Of the many potential applications for quantum dots, from healthcare, defence and industrial, the largest is the consumer segment.
Future adoption of quantum dots is forecast to be high, thanks to manufacturers being able to change not only its size, but also the colour of light and intensity. There was also a strong need by many companies that purchase products in the global quantum dot market for a consistent and reliable supply of Cadmium free the dots. Rising disposable income of individuals across the world is projected to further boost the quantum dot market, as these people will purchase more LCD UHD displays, which often need quantum dots.
For more information on the global quantum dot market, see the latest reports: Global Quantum Dot Market
