The Chinese market for plastic components for LED lighting is forecasted to reach 50 billion yuan (US$7.87 billion) by 2015, according to China Chemical Industry News.
The report from last month's Guangzhou International Lighting Exhibition said the value of plastic components generally represents more than 10 percent of the value of an LED light fixture. Since the China Illuminating Engineering Society estimates the nation's LED lighting industry to reach 500 billion yuan by 2015, the report came up with the 50 billion yuan estimate for plastic components.
Plastic components can provide solutions to two main issues with LED lights - heat transfer and glare, the report quoted Wu Daming saying. He is an electrical engineering professor and deputy dean at the Beijing University of Chemical Technology.
