With quantum dots (QD) gaining traction in applications ranging from LCD displays to lighting, market research analysts are predicting healthy growth for the technology in the next five years or so. Consequently, research firm MarketsandMarkets is expecting the QD market to reach $4.7 billion by 2020 at a compound annual growth rate (CAGR) of 63.6 percent from 2014 to 2020. While North America is a major market for QD, Asia-Pacific is expected to grow at the highest CAGR.
To grab a piece of this growing pie, North American quantum dot manufacturer Quantum Materials Corp. (QMC) has entered into a joint venture deal with China’s financial advisory and services company Guanghui Technology Group (GTG). Under this partnership, GTG will invest US $20 million for building QMC’s quantum dot production facilities and quantum dots application development in China. According to QMC, the regional quantum dot production facility allows the company to work closely with clients to customize quantum dot characteristics and optimize manufacturing efficiencies, including supply chain logistics.
The joint venture will be registered in Hong Kong and operated as Quantum Materials Asia Co., Ltd. GTG’s investment and Quantum Materials’ patented mass-production quantum dot manufacturing technology will enable Quantum Materials Asia to start supplying quantum dots to clients in the display, lighting and solar energy industries by the third quarter of 2016.
QMC produces cadmium free (non-heavy metal) tetrapod quantum dots that are safe and environmentally friendly. The company uses patented automated process for volume manufacturing of its tetrapod quantum dots.