New York, NY, March 16, 2023 (GLOBE NEWSWIRE) -- Polaris Market Research has published a new research report titled “Black Phosphorus Market Share, Size, Trends, Industry Analysis Report, By Application (Electronic Devices, Energy Storage, Sensors), By Form and by Region Forecast, 2023 - 2032” in its research database.
“According to the latest research study, the global black phosphorus market size/share is anticipated to be valued at approximately USD 13.13 Million in 2022 and is projected to hit a revenue of around USD 469.61 Million by 2032, at a CAGR of around 43.0% between 2023 and 2032.”
What is Black Phosphorus? How Big is Black Phosphorus Market Size & Share?
- Overview
Black phosphorus (BP) is a phosphorus allotrope that comprises multiple layers with two-dimensional structures that are weakly bonded to one another through van der Waals forces. Black phosphorus is experiencing a rapid rise in demand globally due to its high carrier mobility, making it a promising option for transistors and other electronic devices. It is also a valuable electrode material and electro-catalyst in energy storage and electro-catalytic applications, and significant advancements in electrochemistry have fueled the black phosphorus market growth.
Moreover, black phosphorus is essential in the production of various consumer and industrial products. Its customizable bandgap and high carrier mobility make it a desirable material for infrared-range optoelectronics devices like LEDs, solar cells, and photodiodes. Despite the COVID-19 pandemic causing a decline in global demand due to limited equipment availability, trade barriers reduced staffing, and supply chain disruptions, the increased use of electronic devices for remote work and online learning has led to a surge in black phosphorus market demand for electronic components, including those made with black phosphorus.
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(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)
Our Sample Report May Includes:
- 2032 Updated Report Introduction, Overview, and In-depth industry analysis.
- 115+ Pages Research Report (Inclusion of Updated Research).
- Provide Chapter-wise guidance on Requests.
- 2023 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of tables & figures.
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis.
Key Market Factors Covered in the Report
- The study covers industry drivers, restraints, and opportunities.
- Offers a neutral perspective on market performance.
- Highlights recent industry trends and developments.
- Provides insight into the competitive landscape and strategies of key players.
- Identifies potential and niche segments and regions with promising growth.
Prominent drivers of the market
- Growing demand for black phosphorus in electric vehicles and short-range infrared connectivity devices
The growing awareness of sustainable development and pollution reduction has increased the demand for electric vehicles and their batteries, leading to a significant rise in black phosphorus market sales. This is due to its stable structure and high lithium-ion storage capacity, which are essential for battery production across various industries. Black phosphorus is expected to play a crucial role in meeting the rising demand for batteries as the popularity of electric vehicles continues to grow.
Black phosphorus is also a vital component in manufacturing short-range infrared connectivity devices, such as smartphones, TV remotes, and notebook PCs. It offers several important characteristics, including customizable bandgap and high carrier mobility, enabling broadband photodetection in the visible and infrared range. The increasing use of optoelectronic components is driving the demand for black phosphorus, as it plays a significant role in providing seamless online streaming and louder volume through the network and Bluetooth sensors.
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Recent trends influencing the market
- In May 2022, NUS scientists found a high carrier mobility 2D semiconductor composed of black phosphorus that displays electronic self-passivation, which could boost its analogs and mobility. This material is critical in creating energy-efficient, high-speed, and ultra-thin optoelectronic devices.
- Black phosphorus is crucial in producing the infrared spectrum used in short-range infrared connectivity devices such as AC remotes, set-top boxes, TV remotes, notebook PCs, smartphones, and other gadgets widely used in consumer applications.
Segmentation Assessment
- Crystal black phosphorus exhibited the highest growth rate during the study period in 2022
Due to its flexibility, black phosphorus is easily moldable through pressure, making it a suitable material for manufacturing. Black phosphorus is usually produced using the wet process for manufacturing fertilizers, and it is available in two forms: crystal and powder. The powder form of black phosphorus is gaining popularity as it produces several materials, such as nano-plates, black phosphorus quantum dots, and thin films.
- In 2022, the aromatherapy segment industry held the largest market share
In recent years, the electronic device segment has dominated the black phosphorus market, driven by the rising demand for optoelectronic components, including infrared photodiodes, LEDs, and phototransistors. Black phosphorus's unique characteristics, such as its layered semiconductor structure, make it a highly sought-after material in the electronics and optics industries, with potential for use in next-generation electronics.
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Black Phosphorus Market: Report Scope
| Report Attribute | Details |
| Revenue forecast in 2032 | USD 469.61 Million |
| Market size value in 2023 | USD 18.75 Million |
| Expected CAGR Growth | 43.0% from 2023– 2032 |
| Base Year | 2022 |
| Forecast Year | 2023 – 2032 |
| Top Market Players | American Elements LLC (US), Nanochemazone (Canada), 2D Semiconductors (US); Merck (Germany), ACS Material LLC (US), Ossila Ltd. (UK), Stanford Advanced Materials (US), HQ Graphene (Netherlands), Manchester Nanomaterials (UK) among others. Hunan Azeal Materials Co. Ltd. (China), |
| Segments Covered | By Form, By Application, By Region |
| Customization Options | Customized purchase options are available to meet any research needs. Explore customized purchase options |
Geographic Overview
- The forecast period suggests that North America will experience the most substantial market share
In 2022, black phosphorus market demand in North America dominated the market due to the heightened usage of the material by manufacturers and end-users. The growth and innovation of the market drove this demand. Furthermore, the optoelectronic components market experienced an increase in demand for black phosphorus due to the rising popularity of image sensors in consumer electronics and smartphone markets, as well as the adoption of laser diodes and LEDs in the automotive industry.
Asia is also projected to experience significant growth in the use of black phosphorus, primarily driven by the demand for electronic devices and renewable energy technologies in the region. The unique properties of black phosphorus, such as tunable bandgap and high carrier mobility, make it a good material for various applications and will likely contribute to the continued development of these technologies.
Browse the Detail Report “Black Phosphorus Market Share, Size, Trends, Industry Analysis Report, By Application (Electronic Devices, Energy Storage, Sensors), By Form and By Region Forecast, 2023 - 2032” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/black-phosphorus-market
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Recent Development
- Clean TeQ water announced the release of New Phosphix technology in May 2022, which utilizes a combination of incessant ionic filtration (CIF) and chemical precipitation to isolate and extract reusable phosphate from disposed of water.
Some of The Important Questions Answered in the Market
- Which region offers the most rewarding open doors for the market?
- What are the business threats and variable scenarios concerning the market?
- Who are the significant players confronting and developing in the market?
- What is the projected size of the market at the end of the forecast period?
- What are the opportunities and threats to which players are exposed in the market?
Polaris Market Research has segmented the Black Phosphorus market report based on type, application, and region:
By Form Outlook
- Crystal
- Powder
By Application Outlook
- Electronic Devices
- Energy Storage
- Sensor
By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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