Black Phosphorus Market by Form, Application and Region - Global Forecast to 2027 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global 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) - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

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%.

Crystal black phosphorus is projected to be the fastest-growing during the forecast period

Crystal black phosphorus is projected to be the fastest-growing segment in terms of both value and volume during the forecast period. Most of the black phosphorus produced in the wet process is used to produce fertilizers.

Black phosphorus is available in two types: crystal black phosphorus and powder black phosphorus. The structure of black phosphorus in crystal form can be changed with pressure according to its need.

Electronic devices segment held the largest share, in terms of both value and volume, in 2021

Black phosphorus is a layered semiconductor, which has great potential in optical and electronic devices. The electronic devices segment held the largest share, in terms of both value and volume, in 2021. Due to its high mobility, in-plane anisotropy, and direct band gap, black phosphorus is considered an excellent choice for next-generation electronic devices.

The market for optoelectronic components is growing due to the extensive use of infrared components such as infrared LEDs, photodiodes, and phototransistors in consumer electronics and automobiles.

North America was the largest black phosphorus market, in terms of value, in 2021

North America is the largest black phosphorus market globally. North America is one of the most technologically advanced markets for optoelectronic components owing to the presence of prominent system suppliers, large semiconductor companies, and LED, laser, and sensor manufacturers in the region.

The high standard of living and the competitiveness of military & aerospace, industrial, and medical original equipment manufacturers (OEMs) make this region a flourishing market for optoelectronic components, which is projected to drive the demand for black phosphorus during the forecast period.

Market Dynamics

Drivers

• High Demand for Gas Sensors in Critical Industries
• Implementation of Various Health and Safety Regulations Globally
• Increased Use of Infrared Components in Consumer Electronics and Automobiles

Restraints

• High Cost of Production

Opportunities

• Increasing Demand from Energy Storage Segment

Challenges

• Scalable Process for Mass Production

Companies Mentioned

• Acs Material, LLC
• American Elements
• HQ Graphene
• Hunan Azeal Materials Co. Ltd.
• Manchester Nanomaterials
• Merck
• Nanjing Xfnano Materials Tech Co. Ltd
• Nanochemazone
• Ossila Ltd.
• Smart Elements
• Stanford Advanced Materials
• Taizhou Sunano Energy Co., Ltd.
• Ultrananotech Private Limited
• Weistron Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/e5xtkx