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. 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.
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 borophene. Asia Pacific is considered a key region for the development of the borophene market due to the demand from the semi-conductor industry and chemical industry. The use of borophene as electrode material, both as anode and cathode material is anticipated to drive the market in the Asia Pacific region. Technological advancements coupled with research & development activities in Europe make it an attractive market for borophene. The presence of emerging economies both in Latin America and Middle East & Africa is also projected to drive the global borophene market for the electricity generation market.
Kyma Technologies is one of the key manufacturers in the borophene market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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