Black Phosphorus Market Size and Share

Black Phosphorus Market Summary
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Black Phosphorus Market Analysis by Mordor Intelligence

The Black Phosphorus Market size is estimated at USD 15.34 million in 2025, and is expected to reach USD 83.57 million by 2030, at a CAGR of 40.36% during the forecast period (2025-2030). Commercial traction rests on the material’s tunable direct bandgap, high carrier mobility, and intrinsic flexibility, all of which satisfy design requirements that conventional silicon struggles to meet. Demand is accelerating in flexible electronics, photonics, and high-capacity battery anodes, while the cost of integrating black phosphorus into existing process flows is retreating as passivation and synthesis technologies mature. Asia-Pacific’s dominance derives from concentrated fabrication know-how and sovereign funding that de-risks early-stage commercialization, whereas North America and Europe channel efforts toward high-value photonic and biomedical niches. Supply-side scale-up is still hampered by air-instability mitigation and crystal-quality bottlenecks, yet the pace of proprietary solutions suggests structural cost compression inside the forecast window.

Key Report Takeaways

  • By form, powder led all forms with 36.67% of the black phosphorus market share in 2024, whereas exfoliated nanosheets represent the fastest-growing form at a 41.23% CAGR through 2030.
  • By application, electronics and semiconductors commanded 40.33% of the black phosphorus market size in 2024, while energy storage applications are expanding at a 42.46% CAGR to 2030.
  • By geography, Asia-Pacific captured 47.78% revenue share in 2024, and the region is advancing at a 41.56% CAGR to 2030.

Segment Analysis

By Form: Versatile Powders versus High-Performance Nanosheets

Powder accounted for 36.67% of the black phosphorus market share in 2024 by catering to bulk uses such as battery slurries, thermoelectric pastes, and polymer composites that demand kilograms rather than micrograms of active material. Its flowability and compatibility with ball-milling facilitate dispersion into carbon matrices at electrode plants, a factor that has accelerated early revenue capture. However, the exfoliated nanosheet segment, posting a 41.23% CAGR, is where most of the margin expansion is occurring as device OEMs pay premiums for mono- to few-layer flakes critical in transistor channels and mid-IR photodetectors.

Operationally, powders leverage existing glove-box feed systems whereas nanosheets necessitate inert-environment wet transfer, adding equipment intensity but unlocking performance tiers unreachable with thicker particulates. The cost delta is narrowing as centrifuge-free shear exfoliation reduces solvent recovery expenses by 20%, hinting at future parity that could realign form-factor demand in the black phosphorus market.

Black Phosphorus Market: Market Share by Form
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Note: Segment shares of all individual segments available upon report purchase

Get Detailed Market Forecasts at the Most Granular Levels
Download PDF

By Application: Electronics Hold Leadership while Energy Storage Surges

Electronic and photonic devices collectively held 40.33% of the black phosphorus market size in 2024 on the strength of tunable bandgap transistors and waveguide-integrated photodetectors, especially in data-communication backplanes. Conversely, battery anodes record the quickest climb with a 42.46% CAGR, propelled by automakers seeking greater than or equal to 400 Wh kg⁻¹ pack densities to meet extended-range EV targets.

Photonics capitalizes on the material’s broadband absorption from visible to 4 µm, enabling single-chip lidar and free-space optics that outclass silicon’s 1.1 µm cutoff. Biomedical sensors exploit biodegradability for temporary implants, an attribute that commands price premiums despite low unit volumes. Environmental catalysis remains exploratory, but early trials indicate promising photodegradation rates for organic pollutants, opening a potential future downstream for the black phosphorus market.

Black Phosphorus Market: Market Share by Application
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Note: Segment shares of all individual segments available upon report purchase

Get Detailed Market Forecasts at the Most Granular Levels
Download PDF

Geography Analysis

Asia-Pacific dominated the black phosphorus market with a 47.78% value share in 2024 and is set to grow at 41.56% CAGR to 2030, lifted by Chinese, Japanese, and South Korean initiatives centered on semiconductor sovereignty. Local fabs benefit from proximal raw-phosphorus feedstock and favorable capex subsidies, compressing ramp-up timelines for crystal furnaces and exfoliation lines. Universities in Beijing and Seoul continue to patent passivation chemistries, creating an innovation spill-over that raises the regional technology floor.

North America builds strength on best-in-class photonics and battery research. University of Minnesota’s 3 Gb s⁻¹ demonstration validates the platform for next-generation optical interposers, while Argonne’s high-efficiency anode studies attract venture funding for pilot-scale powder plants. State-level grants offset a generally stringent regulatory regime, ensuring that commercial launches meet toxicity thresholds without derailing timelines.

Europe translates stringent environmental standards into differentiation. The Graphene Flagship’s test protocols cover phosphorene inhalation and aquatic toxicity, giving OEMs confidence for medical and consumer deployments. Emerging fabs in Germany and the Netherlands integrate black phosphorus modules within silicon photonic foundries, supported by large EU-scale research clusters that foster collaborative IP development. Collectively, these specialized regional roles reinforce global supply resilience and underpin the long-term expansion of the black phosphorus market.

Black Phosphorus Market CAGR (%), Growth Rate by Region
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.
Get Analysis on Important Geographic Markets
Download PDF

Competitive Landscape

Market concentration is moderately consolidated, with fewer players supplying material at purity levels adequate for mid-volume electronics. XFNANO leverages vertical control from red phosphorus precursor purchasing to powder milling, translating into cost leadership within Asia-Pacific. Black Semiconductor emphasizes thin-film deposition IP and recently acquired Applied Nanolayers to integrate 2D heterostructure stacks, advancing its bid to dominate photonic integrated circuit substrates.

University spin-outs in the United States and Europe license patents on air-stable encapsulation and neural-probe designs, establishing royalty streams rather than direct material sales but still shaping ecosystem standards. Strategic funding rounds—such as Black Semiconductor’s USD 275 million capital raise—signal investor confidence that scaling barriers are surmountable. Joint development agreements between powder specialists and battery OEMs aim to validate anode formulations under auto-industry qualification, locking in forward offtake that stabilizes revenue visibility for upstream suppliers in the black phosphorus market.

Black Phosphorus Industry Leaders

  1. ACS Material

  2. HQ Graphene

  3. Nanjing XFNANO Materials Tech Co.,Ltd

  4. SixCarbon Technology (Shenzhen)

  5. Smart-Elements GmbH

  6. *Disclaimer: Major Players sorted in no particular order
Black Phosphorus Market Concentration
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.
Need More Details on Market Players and Competitors?
Download PDF

Recent Industry Developments

  • April 2024: A research paper published in National Science Open revealed that copper ions significantly accelerate the oxidation of black phosphorus, increasing phosphate yield from 30% to 85% for biomedical applications. This advancement is expected to drive innovation and growth in the black phosphorus market, particularly in the biomedical sector.
  • March 2024: A research paper published in Nature Materials showcased the development of semiconducting black phosphorus nanoribbons grown on insulating substrates, exhibiting excellent semiconductor properties for field-effect transistor applications. This advancement drives innovation and growth in the black phosphorus market.

Table of Contents for Black Phosphorus Industry Report

1. Introduction

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Surging demand for 2D semiconductors in flexible and high-frequency electronics
    • 4.2.2 Rapid uptake of BP‐based photonic integrated circuits
    • 4.2.3 Mainstream R&D funding for BP anodes in next-gen Li/Na-ion batteries
    • 4.2.4 Adoption in neuro-compatible and implantable biomedical sensors
    • 4.2.5 Niche demand for thermoelectric and mid-IR imaging modules
  • 4.3 Market Restraints
    • 4.3.1 Ambient-air instability and encapsulation costs
    • 4.3.2 High-purity crystal production scale-up bottlenecks
    • 4.3.3 Regulatory uncertainty around nanomaterial toxicology
  • 4.4 Value Chain Analysis
  • 4.5 Porter’s Five Forces
    • 4.5.1 Bargaining Power of Suppliers
    • 4.5.2 Bargaining Power of Buyers
    • 4.5.3 Threat of New Entrants
    • 4.5.4 Threat of Substitutes
    • 4.5.5 Competitive Rivalry

5. Market Size and Growth Forecasts (Value)

  • 5.1 By Form
    • 5.1.1 Powder
    • 5.1.2 Crystal
    • 5.1.3 Exfoliated Nanosheets
    • 5.1.4 Thin Films
  • 5.2 By Application
    • 5.2.1 Electronics and Semiconductors
    • 5.2.2 Energy Storage (Batteries and Super-capacitors)
    • 5.2.3 Photonics and Optoelectronics
    • 5.2.4 Biomedical and Biosensors
    • 5.2.5 Environmental Catalysis and Water Treatment
    • 5.2.6 Others (Additives, Research-grade, etc.)
  • 5.3 By Geography
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 Japan
    • 5.3.1.3 India
    • 5.3.1.4 South Korea
    • 5.3.1.5 ASEAN Countries
    • 5.3.1.6 Rest of Asia-Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 France
    • 5.3.3.4 Italy
    • 5.3.3.5 Spain
    • 5.3.3.6 Russia
    • 5.3.3.7 Rest of Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Rest of Middle East and Africa

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share/Ranking Analysis
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
    • 6.4.1 2D Semiconductor
    • 6.4.2 ACS Material
    • 6.4.3 American Elements
    • 6.4.4 Aritech Chemazone Pvt. Ltd.
    • 6.4.5 ATT Advanced elemental materials Co., Ltd.
    • 6.4.6 Borophene LLC
    • 6.4.7 HQ Graphene
    • 6.4.8 Merch KgGA
    • 6.4.9 Nanjing XFNANO Materials Tech Co.,Ltd
    • 6.4.10 NANOCHEMAZONE
    • 6.4.11 Nanografi Advanced Materials.
    • 6.4.12 Ossila Ltd
    • 6.4.13 RASA Industries, LTD.
    • 6.4.14 SixCarbon Technology (Shenzhen)
    • 6.4.15 Smart-Elements GmbH

7. Market Opportunities and Future Outlook

  • 7.1 White-space and Unmet-need Assessment
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Global Black Phosphorus Market Report Scope

By Form
Powder
Crystal
Exfoliated Nanosheets
Thin Films
By Application
Electronics and Semiconductors
Energy Storage (Batteries and Super-capacitors)
Photonics and Optoelectronics
Biomedical and Biosensors
Environmental Catalysis and Water Treatment
Others (Additives, Research-grade, etc.)
By Geography
Asia-Pacific China
Japan
India
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Russia
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle East and Africa Saudi Arabia
South Africa
Rest of Middle East and Africa
By Form Powder
Crystal
Exfoliated Nanosheets
Thin Films
By Application Electronics and Semiconductors
Energy Storage (Batteries and Super-capacitors)
Photonics and Optoelectronics
Biomedical and Biosensors
Environmental Catalysis and Water Treatment
Others (Additives, Research-grade, etc.)
By Geography Asia-Pacific China
Japan
India
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Russia
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle East and Africa Saudi Arabia
South Africa
Rest of Middle East and Africa
Need A Different Region or Segment?
Customize Now

Key Questions Answered in the Report

How large is the black phosphorus market in 2025?

The black phosphorus market size is USD 15.34 million in 2025.

What CAGR is forecast for black phosphorus through 2030?

Revenue is projected to rise at a 40.36% CAGR from 2025 to 2030.

Which region leads demand for black phosphorus?

Asia-Pacific holds 47.78% share and registers the fastest 41.56% CAGR.

In which application is black phosphorus growing the fastest?

Energy storage shows the highest 42.46% CAGR owing to high-capacity battery anode adoption.

What is the key technical restraint?

Ambient-air instability raises encapsulation costs and limits device lifetime.

Which form of black phosphorus is most widely used today?

Powder dominates with 36.67% share because it integrates easily into bulk processes.

Page last updated on: