The major growth drivers identified in the phosphorene market are the increasing growing demand for high performance semiconductor devices designed with layered materials. It has higher carrier mobility capacity, which makes it suitable for conducting electricity. Owing to its molecular structure, the material offers excellent anisotropic electronic, optoelectronic, transport, thermoelectric, and mechanical properties.
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In addition, the material can absorb ultraviolet (UV) light easily, which makes it suitable choice for optoelectronics applications. In addition, research works of scientists have also identified that the material can also be used to manufacture energy efficient semiconductor.
Currently, there is no commercial application of phosphorene but considering increasing volume of research work targeted for unlocking the applications of the material, it is expected that the commercialization of the phosphorene market will begin within next 5 years.
The global phosphorene market has been segmented by structure, application, and geography. On the basis of structure, the phosphorene market is categorized into monolayer and multilayer. Monolayer offers a unique two-dimensional (2D) platform to analyze the fundamental many-body interactions. However, monolayer is very much unstable in nature.
One major disadvantage of the material is its low air-stability. Owing to presence of hygroscopic phosphorus and extremely high surface-to-volume ratio, the material reacts quickly with water vapor and oxygen in presence of visible light.
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On the basis of geography, the phosphorene market has been segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). As of now, most of the research works regarding the material and its potential applications are concentrated in countries from North America and Europe.
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