The global market for the long-range ordered porous carbon market is anticipated to expand at a CAGR of 4.5% during the forecast period of 2023 and 2031. Long-range ordered porous carbon (LOPC) has the potential for several creative and intriguing applications, which bodes well for its future. Over the forecast period, the global market for long-range ordered porous carbon (LOPC) is anticipated to be driven by the rising demand for energy storage systems that are environmentally friendly. LOPCs could play a crucial role in the development of batteries and supercapacitors of the next generation, helping to improve the energy density and overall performance of these devices. In the realm of catalysis, LOPCs are effective catalysts for a variety of chemical processes. Future applications of LOPCs are likely to expand and become even more influential as a result of ongoing research and development.
Long-range ordered porous carbon (LOPC) is a form of porous carbon material characterized by a highly ordered, regular arrangement of pores. The huge surface area of these materials makes them desirable for a variety of applications, including energy storage and conversion, catalysis, and environmental protection. LOPCs are commonly produced using templating procedures, in which a template material is used to drive the production of pores, or self-assembly processes, in which the pore structure forms spontaneously. LOPCs are appropriate for a variety of applications, such as energy storage and conversion, catalysis, and environmental protection, due to their high surface area, regular pore structure, and outstanding stability and cycle performance. LOPCs can be utilized as adsorbents to remove contaminants from air and wastewater.
Carbon Materials R&D Propelling Long-range Ordered Porous Carbon (LOPC) Market Development
Carbon is one of nature's most abundant elements. Graphite, diamond, and amorphous carbon are all forms of carbon that are the result of carbon atoms combining in a variety of ways. The most well-known types of carbon are graphite and diamond. Yet, there are further strange nanoscale allotropes of carbon. They include graphene and fullerenes, which are composed of sp2 hybridized carbon with either zero (flat-shaped) or positive (sphere-shaped) curvatures. A team of scientists from the Centre for Multidimensional Carbon Materials at the Institute of Basic Science (IBS), South Korea, announced the discovery of LOPC in January 2023. Powdered C60 fullerene (buckminsterfullerene, often known as "buckyballs") was used as the starting material for the production of the new form of carbon. The polymerized C60 crystal form known as long-range ordered porous carbon is produced by heating C60 fullerene with lithium nitride at moderate temperatures. Long-range ordered porous carbon (LOPC) market expansion is projected to be aided by the development of strong energy storage systems, as a result of the development of long-range ordered porous carbon (LOPC).
Increase in Demand for Sustainable Energy Storage
Rechargeable batteries have been the energy storage solution of choice. These batteries provide energy to electric vehicles, electrical appliances, and power systems. Unfortunately, their application is limited by low power density and cycle stability. Thus, governments around the world are spending heavily on the research and development of renewable energy storage systems that can replace fossil fuels and conventional energy storage systems. In consequence, this is anticipated to accelerate the growth of the long-range ordered porous carbon (LOPC) market in the coming years. Many studies have been conducted on LOPC due to its simplicity of production, cost-effectiveness, and durability. Carbon is abundant in the natural world. The regular pore structure and high surface area of LOPC make it a desirable material for energy storage applications. Its vast surface area makes it possible to store large quantities of energy-storing species, such as lithium ions in lithium-ion batteries or hydrogen in hydrogen storage systems. Long-range ordered porous carbon (LOPC) market growth is anticipated to be supported shortly by an increase in demand for sustainable energy storage systems.
Next-Generation R&D Electrochemical Batteries and Supercapacitors
LOPCs can be used as electrode materials in supercapacitors, which store energy by adsorbing ions onto their surface. Additionally, the ordered pore structure of LOPCs enhances the transit of these energy-storing species into and out of the pores, hence improving the overall performance of energy storage devices. In addition, LOPCs demonstrate good stability and cycling performance, making them a potential material for the creation of batteries and supercapacitors of the future generation.
APAC to Remain as the Global Leader
Asia-Pacific is expected to hold the highest share of the long-term ordered porous carbon (LOPC) market during the forecast period of 2024 to 2032, according to the most recent industry projections. Increased emphasis on clean energy and environmental protection is anticipated to enhance regional market statistics. Asia-Pacific is home to China and India, two of the world's largest and fastest-growing economies. These nations are making substantial investments in the development of renewable energy technology, such as energy storage systems and environmental protection solutions. Hence, the Asia-Pacific long-range ordered porous carbon (LOPC) market is projected to be driven by an increase in investments in clean energy solutions. LOPCs are utilized in the creation of high-performance batteries, supercapacitors, and other energy storage devices, therefore it is anticipated that the expansion of the electronics and automotive sectors in the region would also increase demand.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Long-Range Ordered Porous Carbon (LOPC) market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
