Black Phosphorus Market Analysis: Insights into Demand Dynamics

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Black Phosphorus Market 2024 Size, Company
Share, Major Competitors, Regional Segments,
Strategies, and Forecast 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. Download PDF Brochure
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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"
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• 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.
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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),
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Ossila Ltd. (UK), Stanford Advanced Materials
(US) and Manchester Nanomaterials (UK) among
others. 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 RD
communities have become more focused on RD 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. Inquire Before Buying
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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 RD 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.
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