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.
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.
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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