Black Phosphorus Market worth $83 million by 2027 | Key players ACS Material LLC, 2D Semiconductors, Nanochemazone, American Elements LLC

According to recent market research the "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", will grow to USD 83 million by 2027, at a CAGR of 43.1% from USD 13 million in 2022.

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This growth is primarily triggered by the growing demand for black phosphorus in energy storage and sensors application. Refineries emit several gases, such as sulfur dioxide, VOCs, nitrogen oxide, chlorine, and benzene. Black phosphorus sensors give increased conduction on nitrogen dioxide exposure and great sensitivity in detecting NO2 at levels as low as five parts per billion. Excess inhaling of VOCs by humans may impact their ability to breathe. Some of these gases can also cause respiratory problems, skin irritation, nausea, eye problems, headache, congenital disabilities, leukemia, and cancer. Thus, it is required to monitor and detect these harmful gases, which consequently is increasing the demand for gas sensors in refineries. All these factors are driving the demand for gas sensors, which in turn, is driving the demand for black phosphorus.
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.

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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. The high cost of production hampers the growth of the market. The increasing demand from the energy storage application is creating opportunities in the market.

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 are the major players in this market.

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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.

• Merck announced a partnership with Topco Scientific. Co., which is a leading semiconductor supplier, to increase the use of more sustainable materials in the electricity industry.

ACS Material is a high-tech company involved in the production and development of advanced nano materials, including graphene. The company has a vast product catalog, including graphene series, CVD graphene, graphene-like materials, quantum dots upconverting nanoparticles, nanowire series, molecular sieves, AAO templates, carbon series, battery materials, nanoparticles series, graphyne series, MXene series, transparent conductive films, lab supplies, and trivial transfer series.

• Nanochemazone is a leading nanomaterials manufacturer and supplier of nanomaterials, alloy nanopowder, graphene, MXene, MAX phase powder, graphdiyne powder, MoS2, black phosphorus, carbon nanotubes, (MOFs) metal organic frameworks nanodiamonds, and others. The company also provides screen printed electrodes, screen printing inks, silicon wafers, metal foils, platinum coated wafers, metal, copper, aluminum, and reticulated vitreous carbon foams.

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