TMR_Research_Reports_2017 Borophene Market - Global Industry Analysis 2025 | Page 2

Report Description
Borophene is a sheet of boron with a structure similar to graphene. Borophene is considered a better conductor of electricity, compared
to graphene due to its strong anisotropic structure. Borophene is an unusual material as it shows many metallic properties at the
nanoscale. Key properties of borophene include low density, high strength, and high levels of flexibility. Due to the unique properties
it possesses, borophene is expected to have applications in electronic sensors, semiconductors, and tribological devices. They are
expected to be employed in super conductivity applications owing to the strong electron-photon coupling. In the bulk form, borophene
acts as an insulator whereas, at the nano level, it acts a conductor. Borophene can be used as anode and cathode electrodes and thus
application of borophenes in the energy sector is expected to have promising applications in the coming years.
Borophene has recently emerged as an important nanomaterial with enhanced electrical and mechanical properties. They are
considered the ideal candidate for photovoltaic devices. It is believed that borophenes can be used for generating electricity, and can
be used in solar cells, electrochemical capacitors, photo switching energy storage units, and bio-batteries. Carbon nanotubes are found
to be effective in electrochemical capacitors as they can provide a strong entangled network which allows metal oxide deposition.
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Growing demand for composites which find application in the electrical & electronic, and energy sectors is the key driver of the global
borophene market. Similarly, the need for lightweight materials for energy storage in the aerospace, defense, and electronics sectors
are also expected to propel the market for borophene. The developments in various industries in Asia Pacific are another significant
trigger for this market. Advancements in science and technology coupled with research & development activities are also considered
to be major drivers of the borophene market.
In terms of application, the borophene market can be classified into electronic circuits, solar cells, energy storage, medical, chemical,
and industrial. Borophene can be used as a component in transistors. The photovoltaic applications of borophene are expected to be
highly attractive. The conducting electrons present in the borophene make it ideal for optoelectronic applications. Energy storage
applications of borophene include electrodes, fuel cells, and thermos-electronics.
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The global borophene market expanded significantly in 2016. This trend is estimated to continue during the forecast period (2017-
2025). Active research work based on borophene material is gaining momentum across the globe. On the basis of demand for the
product, North America has been dominating the borophene market for the past few years. The rising demand for borophene in the
composites, energy, electrical & electronics, and various industrial end-user segments is an important trend boosting the usage of