The demand for energy storage and sensors has increased significantly, promoting the growth of the black phosphorus market

Black phosphorus is a black crystal with metallic luster, which is formed by converting white phosphorus under very high pressure and temperature. The preparation of black phosphorus is relatively difficult. Red phosphorus is mostly converted into black phosphorus through high-energy ball milling. However, because the temperature and pressure are difficult to control, the success rate of synthesizing black phosphorus is not high. Black phosphorus can conduct electricity and can be used in lithium batteries, solar cells, hydrogen energy catalysts, chip manufacturing, communications, medicine and other fields and scenarios.

Industrial Research Center issued the 2022 Global and Chinese Black Phosphorus Industry in-depth research report shows that the global black phosphorus market size will grow from US$14 million in 2022 to US$85 million in 2027, with a compound annual growth rate of 35.1%.

There are many main reasons for the growth of the global black phosphorus market, among which the growing demand for black phosphorus in energy storage and sensor applications is the most important driving factor. Currently, refineries emit a variety of gases, such as sulfur dioxide, VOC, nitrogen oxides, chlorine and benzene, etc. Regulatory agencies have a very large demand for monitoring and detecting these harmful gases. The sensitivity of black phosphorus sensors for detecting nitrogen dioxide Very high, thereby increasing the demand for gas detection sensors in refineries in this area.

Crystalline black phosphorus will become the most important product form in the market from 2022 to 2027

Crystalline black phosphorus will become the product form with the largest market share from 2022 to 2027. Crystalline black phosphorus is used to produce single- or multi-layer phosphorene through mechanical or liquid exfoliation, and phosphorene is the center of various basic research and applications. Includes electronics, optoelectronics, spintronics, sensors, actuators, thermoelectrics, and energy conversion and storage devices.

         The electronic device field may become the largest demand market in the black phosphorus market from 2022 to 2027

The electronic equipment field may become the largest application market in the global black phosphorus market from 2022 to 2027. Due to the growing demand for black phosphorus for optoelectronic components and integration with various consumer devices, manufacturers and various R&D groups are paying greater attention to the research and development of new technologies. Major companies are also continuing to invest in next-generation communications. Optical and optoelectronic technologies for networking and high-speed optical computing, these factors will drive the growth of the black phosphorus market for electronic devices.

         Asia Pacific is expected to be the fastest growing market for black phosphorus during the forecast period

Due to the rapid economic expansion of the Asia-Pacific region, the market in the Asia-Pacific region may grow at the highest annual growth rate from 2022 to 2027. The high growth is attributed to the high economic growth rate in the Asia-Pacific region, followed by significant investments in the healthcare, security, electronics, and automotive industries in the Asia-Pacific region, which is also driving the growth of black phosphorus in this market. With the economic restrictions and saturation of the European and North American markets, the global industrial chain is shifting to the Asia-Pacific region. The Asia-Pacific region is not only a manufacturing center, but also has very important research and development capabilities. The demand for black phosphorus is growing rapidly.

Key competitors in the global black phosphorus market include ACS Material LLC (US), 2D Semiconductors (US), Nanochemazone (Canada), American Elements LLC (US), Merck (Germany), HQ Graphene (Netherlands), Ossila Ltd. (UK), Stanford Advanced Materials (USA) and Manchester Nanomaterials (UK), etc.