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The research and development history of LED phosphors has been more than ten years. Based on the solid R&D foundation and continuous innovation capability of the National Engineering Research Center for Rare Earth Materials, the research and development of LED phosphors has achieved a 100% growth rate for four consecutive years, since 2011. Since its inception, it has been the first domestically produced brand of LED phosphors. It is not surprising that domestic manufacturers have researched the rise of rare earths. LED phosphors are an important development direction of Rare Earth New Materials Co., Ltd. In 2014, Rare Earth Research was reorganized by assets and merged into the only listed company in the Institute of Research and Development, and the subsequent development will be more strongly supported. Dr. Liu Ronghui, Director of the Luminescent Materials and Special Lights Division of Rare Earth New Materials Co., Ltd., told China LED Network. According to Liu Ronghui, director of the Luminescent Materials and Special Lights Division of Rare Earth New Materials Co., Ltd., in 2013, the share of rare earths in the domestic market was about 15-20, and official statistics show that the Chinese market in 2013 The phosphor sales were 47 tons. Based on this calculation, the sales of rare earth phosphors in 2013 were nearly 10 tons. From 2011 to 2013, the sales of rare earth LED phosphors have maintained a 100% growth rate for four consecutive years. Liu Ronghui used the numbers to show the history of the development of rare earth LED phosphors. As soon as the domestic LED phosphor competition is becoming increasingly fierce, the growth rate of rare earth LED phosphors in 2014 is expected to reach 50 or so. An important factor in the decline in growth rate is the dramatic decline in the market price of phosphors. Indeed, phosphors have not escaped the price war. Taking red powder as an example, the price in October 2013 still stayed at 90 yuan to 120 yuan / gram. In June 2014, some small manufacturers even shouted the price of 35 yuan / gram. The quality of researching rare earths is still relatively recognized, and we are taking a relatively high-end route. Liu Ronghui’s implication is that the research on rare earths adheres to the principle of quality first, and will not participate in the bottomless price reduction.