PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485840
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485840
Long-Range Ordered Porous Carbon (LOPC) Market size was valued at USD 338.20 million in 2023, expanding at a CAGR of 4.9% from 2024 to 2032.
Porous carbon materials with a highly ordered, regular arrangement of pores are known as long-range ordered porous carbon (LOPC). Because of their large surface area, these materials are attractive for several uses, such as environmental protection, catalysis, and energy conversion and storage. Wastewater and the air can be cleaned of pollutants by using LOPCs as adsorbents. As the world moves towards sustainable energy solutions, there's a rising demand for materials like LOPC that can contribute to cleaner energy production and storage. Despite advancements, there may still be technical hurdles such as achieving uniform pore size distribution or optimizing performance for specific applications.
Long-Range Ordered Porous Carbon (LOPC) Market- Market Dynamics
Increasing Rising Demand for Sustainable Energy Solutions
LOPC materials can be utilized in advanced energy storage devices such as supercapacitors and batteries. Their high surface area provides ample sites for electrochemical reactions, enabling efficient energy storage and retrieval. For instance, In India, according to the District Energy Initiative, the goal of the Initiative is to increase building heating and cooling energy efficiency by twice as much by the year 2030. Thus, through district energy, the initiative is helping SEforALL achieve its aim of doubling the pace of global energy efficiency improvement by 2030. The utilization of Long-Range Ordered Porous Carbon in various energy-related applications aligns with the global efforts towards achieving sustainability and combating climate change.
Long-Range Ordered Porous Carbon (LOPC) Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 4.9% over the forecast period (2024-2032)
Based on application segmentation, energy storage was predicted to show maximum market share in the year 2023
Based on end-use industry segmentation, energy was the leading type in 2023
Based on distribution channel segmentation, direct sales was the leading type in 2023
Based on region, Asia Pacific was the leading revenue generator in 2023
The Global Long-Range Ordered Porous Carbon (LOPC) Market is segmented based on Product Type, Application, Distribution Channel, End Use Industry, and Region.
The market is divided into eight categories based on end-use industry: Automotive, Electronics, Healthcare, Chemical, Environmental, Energy, Aerospace and Others. The energy end industry shares the highest market share. LOPC materials can be utilized in advanced energy storage devices such as lithium-ion batteries, supercapacitors, and fuel cells. Long-Range Ordered Porous Carbon holds immense potential for addressing key challenges in energy storage, conversion, and utilization, thereby contributing to the development of sustainable and efficient energy systems.
The market is divided into six categories based on application: Energy Storage, Environmental, Catalysis, Biomedical, Electronics, and Others. The Energy Storage segment holds the highest market share. Long-Range Ordered Porous Carbon (LOPC) materials have garnered significant attention in energy storage applications due to their unique structural properties and high surface area. LOPC materials possess a large surface area per unit volume due to their ordered pore structure. This high surface area provides ample sites for ion adsorption and desorption, crucial for energy storage in capacitors and batteries.
Long-Range Ordered Porous Carbon (LOPC) Market- Geographical Insights
Asia-Pacific is home to China and India, two of the world's largest and fastest-growing economies. These nations invest large sums of money in the development of energy storage systems and environmental preservation strategies, among other renewable energy technologies. Therefore, it is projected that an increase in spending on sustainable energy solutions will propel the long-range ordered porous carbon (LOPC) market in Asia-Pacific. Supercapacitors, high-performance batteries, and other energy storage devices are made using LOPCs, thus as the local electronics and automotive sectors grow, so too will the demand for these components.
The players in the Long-Range Ordered Porous Carbon (LOPC) market typically involve a mix of established companies, emerging startups, and research institutions. Major players in the chemical and materials industries often have divisions or subsidiaries dedicated to advanced materials research and production. These companies invest significant resources in developing LOPC technologies for various applications such as energy storage, filtration, and catalysis. Companies that demonstrate superior environmental performance or meet stringent regulatory requirements may gain a competitive advantage. Prominent players in the Long-Range Ordered Porous Carbon (LOPC) Market include Applied Material Inc., BASF SE, Mitsubishi Chemical Corporation, Cabot Corporation, Calgon Carbon Corporation, Kuraray Co. Ltd. Etc.
In February 2023, Cabot Corporation received a $10 billion grant from the U.S. Department of Energy to develop new LOPC-based materials for energy storage applications.
In January 2023, researchers at the University of California, Berkeley developed a new LOPC material that has a markedly higher energy storage capacity.
GLOBAL LONG-RANGE ORDERED POROUS CARBON (LOPC) MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Applied Material Inc.
BASF SE
Mitsubishi Chemical Corporation
Cabot Corporation
Calgon Carbon Corporation
Entegris Inc.
Kuraray Co. Ltd.
Sumitomo Chemical Co. Ltd
Zeolyst International
Albemarle Corporation
Others