The excellent properties associated with borophene are primarily driving the global borophene market. Moreover, with widespread advancements occurring in semiconductor device manufacturing, electronics, and overall technological evolution, the demand for revolutionary materials such as borophene is expected to increase with leaps and bounds. With a growing need for composites like borophene, the associated market is expected to depict a highly positive growth curve during the forthcoming years. Lastly, several developing countries are showcasing a mammoth progress in technological applications in different sectors such as aerospace, defense, energy storage, and many more. In such fields, the demand of composites such as borophene exists on large-scale basis, thereby providing a notable impetus to the global borophene market’s growth.
Borophene is a compound of boron occurring in sheet-like forms and has a structure similar to graphene. However, compared to graphene, it is considered a better conductor of electricity, due to its strong anisotropic structure. Borophene is an unusual material as it shows many metallic properties at a nanoscale level. 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 be used extensively in electronic sensors, semiconductors, and tribological devices in the near future. This material is prophesized to be utilized on a large-scale basis in super conductivity applications owing to its strong electron-photon coupling property.
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Currently, the global borophene market is highly consolidated and small in size owing to its nascent nature. Kyma Technologies is one of the chief organizations conducting research and manufacturing studies on borophene. However, several technologies are expected to occur in this market in the near future, which could make the competition increase at a brisk pace. Most companies currently present in the global borophene market are focused on extensive research and developmental activities, which could serve as a stepping stone towards quality product manufacturing.