Black phosphorus is a unique form of phosphorus that exhibits layered crystalline structure. It is also known as phosphorene or BP. Unlike white or red phosphorus, which are more common allotropes of phosphorus, black phosphorus is a relatively new and less stable form. It was first isolated and characterized in 2014. Black phosphorus has attracted significant attention due to its remarkable electronic and optical properties. It is a highly anisotropic material, meaning its properties differ depending on the direction in which they are measured. This anisotropy gives black phosphorus several advantageous properties, making it suitable for various applications. The black phosphorus market is estimated to grow to USD 83 million by 2027 from USD 13 million in 2022, at a CAGR of 43.1% between 2022 and 2027. The black phosphorus market is mainly driven by the increasing demand for gas sensors in critical industries and the implementation of various health and safety regulations globally.
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Browse 136 market data Tables and 44 Figures spread through 153 Pages and in-depth TOC on "Black Phosphorus Market by Form (Crystal, Powder), Application (Electronic Devices, Energy Storage, Sensors), and Region (North America, Asia Pacific, Europe, South America, Middle East & Africa) - Global Forecast to 2027"
The black phosphorus market dynamics are influenced by factors such as its unique properties, ongoing research and development, emerging applications, technological advancements, market competition, and regulatory considerations. The market is expected to grow as advancements are made in understanding the material's characteristics and addressing challenges related to its stability and commercial viability.
The end-use industry demand for black phosphorus is primarily driven by its potential applications in the following areas:
- Optoelectronics: Black phosphorus has excellent optical properties, including a direct bandgap in the near-infrared to visible range. It can be used in photodetectors, light-emitting diodes (LEDs), and solar cells.
- Transistors and Electronics: Black phosphorus has high carrier mobility, which makes it promising for high-speed transistors and electronics. It can be used in field-effect transistors (FETs) and integrated circuits.
- Batteries: Black phosphorus has been studied as a potential electrode material in rechargeable batteries due to its high theoretical capacity. It could enable the development of high-energy-density batteries.
- Sensors: Black phosphorus-based sensors have been explored for gas sensing, strain sensing, and biosensing applications. Its unique properties allow for sensitive detection in various environments.
- Thermoelectric Devices: Black phosphorus exhibits good thermoelectric properties, making it useful in converting waste heat into electrical energy or for solid-state cooling applications.
Black Phosphorus Market Key Players:
The key market players profiled in the report include ACS Material LLC (US), 2D Semiconductors (US), Nanochemazone (Canada), American Elements LLC (US), Merck (Germany), HQ Graphene (Netherlands), Hunan Azeal Materials Co. Ltd. (China), Ossila Ltd. (UK), Stanford Advanced Materials (US) and Manchester Nanomaterials (UK) among others.
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Merck is a subsidiary of Merck KGaA and one of the leading science and technology companies. In 2015, the company completed the acquisition of Sigma-Aldrich worth USD 17 billion. With this acquisition, the company is able to serve life science industry customers across the globe with an attractive set of established brands, such as SAFC and BioReliance, and an efficient supply chain that supports the delivery of more than 300,000 products.
Crystal is estimated to be the largest form of black phosphorus market in 2021
The crystal form of black phosphorus is estimated to be the largest form of black phosphorus market, in terms of value, in 2021. Crystal black phosphorus is used to produce single-or few-layer phosphorene through mechanical or liquid exfoliation. Phosphorene is at the center of various fundamental studies and applications, including electronics, optoelectronics, spintronic devices, sensors, actuators, and thermoelectric as well as energy conversion and storage devices.
Electronic Devices is estimated to be the largest application of black phosphorus market in 2021
The electronic devices application accounted for the largest share of the global black phosphorus market, in 2021. Due to the growing demand and integration of optoelectronic components with various consumer devices, manufacturers and various R&D communities have become more focused on R&D to develop new technologies. They are investing in optical and optoelectronic technologies for next-generation communication networks and high-speed optical computing. This is expected to drive the market for black phosphorus used in electronic devices.
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Asia Pacific is projected to be the fastest-growing market for black phosphorus during the forecast period.
Asia Pacific is projected to witness the highest CAGR due to the rapid economic expansion in the region. The growth is mainly attributed to a high economic growth rate, followed by heavy investment in the healthcare, safety, electronics, and automotive industries. With economic constraints and saturation in the European and North American markets, the demand is shifting to the Asia Pacific region. This region not only serves as a manufacturing hub but also has key R&D facilities. The automotive industry in the emerging economies of Asia Pacific is expected to grow because of improving lifestyles, economic conditions, and the booming manufacturing sector.
Table of Contents:
- Executive Summary
- Scope/opportunities of the Black Phosphorus Market Report
- Research Methodology
- Black Phosphorus Market Landscape
- SWOT Analysis
- Market Sizing
- Black Phosphorus Market Segmentation
- Customer Landscape
- Regional Landscape
- Business Decision Framework
- Drivers And Challenges
- Black Phosphorus Market Key Trends
- Players Landscape
- Players Analysis