Long-range Ordered Porous Carbon (LOPC) Market Size & Share, Application (Energy Storage, Chemical Catalysis, Ion Screening) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5844
  • Published Date: Mar 08, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Long-range Ordered Porous Carbon Market is expected to reach USD 340 Million by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In 2023, the industry size was USD 270 Million. The rising shift toward renewable energies across the world will propel the market massively. The newest edition of the World Energy Outlook (WEO), the most authoritative international source of energy assessment and outcrops, explains an energy system in 2030 in which clean technologies play a substantially better role than recently. This comprises almost 10 times as many electric cars on the road globally; solar PV producing more electricity than the total US power system does recently; sustainable sources share of the international electricity mix approaching 50%, up from roughly 30% recently.

Another reason that will propel the long-range ordered porous carbon market by the end of 2036 is the increasing consumption of wind energy across the world. In 2022 wind electricity production increased by a record 265 TWh (increased 14%), touching over 2 100 TWh. This was the second-highest expansion among all sustainable power technologies, backside solar PV. However, to be in pursuit of the Net Zero Emissions by 2050 Scenario, which envisions roughly 7,400 TWh of wind electricity production in 2030, the average yearly production expansion rate is required to rise to about 17%. Wind electricity production has increased substantially in the past 30 years. Progresses in wind energy technology have limited the cost of wind electricity production. Government needs and financial inducements for sustainable energy in the United States and other countries have delivered to the growth in wind power. Wind energy presents many benefits, which describes why it's one of the quickest-increasing energy sources in the world.


Long-range Ordered Porous Carbon Market
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Long-range Ordered Porous Carbon Market: Growth Drivers and Challenges

Growth Drivers

  • Increasing the Use of Rechargeable Batteries - Historically, technological modifications in rechargeable batteries have been skilled through revelations followed by growth cycles and ultimately through commercialization. These scientific modifications have primarily been an amalgamation of unexpected exposures and innovative trial-and-error activities. However, the enhanced complication of rechargeable battery systems and alteration in ever-requiring new applications need strategic techniques to commercialize freshly developed battery chemistries. Automobiles, light trucks, and other vehicles (perhaps comprising electric standing-takeoff and landing aircraft) will be the biggest driver of requirement, accounting for three-quarters of all Li-ion trades by 2030,5 a possibility amounting to 1400 GWh by 2030. This can only be accomplished by fast-tracking the delivery of key findings from scientific laboratories to industrial collaborators to design commercially possible devices. Although the superiority of lithium-ion batteries (LiBs) commercially in the recent rechargeable battery market extends from small-scale applications like portable electronic devices to large-scale applications comprising conveyance to grid-scale electrical energy storage.
  • Rising Requirement of Environmentally Friendly Energy Storage - Global energy consumption is rising every year, and most energy still comes from sources such as oil, gas, and coal. The energy kept in these types of fuels is energy from millions of years ago, from the creatures that once lived and utilized it for their durability. Burning these fuels exemptions the energy for utilization but also adds greenhouse gases to the atmosphere, leading to global warming. Renewable sources of energy focus on limiting the emergence of greenhouse gases to fight climate change, but keeping these resources has related environmental costs and ethical problems.
  • Potential for Innovative and Exciting Applications - At its core, innovation is easily a manner to solve issues and develop value in fresh manners. Overhauling ineffective techniques, and utilizing customer response to breathe new life into a stale material—innovations don’t have to be flamboyant or game-transforming to lead to persistent organizational development. These small but mighty efforts seldom come from top management or an “idea lab,” but instead from personal contributors and front leaders who are closest to the clientele and best positioned to comprehend their requirements.

Challenges

  • High Cost of Production of Long-range Ordered Porous Carbon - Production costs, which are also acknowledged as product costs, are accountable to a business when it produces a product or gives a service. These costs comprise several expenditures. For instance, producers have production costs associated with the raw materials and labor required to develop the product. Service industries obtain production costs associated with the labor needed to utilize the service and any costs of components included in providing the service. Cost of production shows all the costs that a business spends that are related to producing a product or giving a service. These costs comprise both direct and indirect business costs; direct costs are coupled with the product, while indirect costs comprise the management and running of the organization. To come at the cost of generation per unit, production costs are splintered by the number of units produced in the period encircled by those costs. To break even, the sales price must encircle the cost per unit.
  • Restricted Commercial Attainability
  • Shortage of Skilled Laborers

Long-range Ordered Porous Carbon (LOPC) Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

∼5%

Base Year Market Size (2023)

~USD 270 Million

Forecast Year Market Size (2036)

~USD 340 Million

Regional Scope

  • Asia Pacific (Japan, China, India, Australia, Others)
  • Europe (Germany, Spain, UK, France, Italy, Russia, Others)
  • North America (North America, Canada, Mexico)
  • Middle East and Africa (South Africa, UAE, Others)
  • Latin America (Brazil, Argentina, Others)
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Long-range Ordered Porous Carbon Segmentation

Application (Energy Storage, Chemical Catalysis, Ion Screening)

The energy storage segment is anticipated to hold 58% share of the global long-range ordered porous carbon market during the forecast period. because of the increasing demand for energy storage systems across the world. Energy storage systems do not follow a one-size-fits-all approach. Utility-scale batteries are projected to account for the accumulation of storage expansion across the world. Their installed potential enhanced sixfold more than the anticipated period, pushed by incentives and a rising requirement for system resilience, especially where the share of VRE encircles almost all requirements in specific hours of the day. Hybrid auctions merging wind or solar PV with storage have appeared in India and Germany, with contracts in the variety of USD 40-60/MWh over the last year. Installed capacity does not provide a full picture of each storage technology’s capabilities. PSH and CSP can give medium-term storage capacities cost-efficiently. In the example of CSP, storage is generally in the range of 5-15 hours. On the contrary, the most extensively utilized lithium-ion battery technology can generally keep electricity for less than 4 hours. For PSH, the storage continuance ranges from 5 to 175 hours, but some installations, like PSH units installed in falling systems that link two or more big reservoirs, present even greater storage potential.

Our In-Depth Analysis of the Global Long-Range Ordered Porous Carbon Market Includes the Following Segments:

         Application

  • Energy Storage
  • Chemical Catalysis
  • Ion Screening

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Long-range Ordered Porous Carbon (LOPC) - Regional Synopsis

APAC Market Forecast

The long-range ordered porous carbon market in the APAC region will have the biggest growth during the forecast period with a revenue share of around 42%. This growth will be noticed owing to the increasing consumption of wind power and solar power in this region. Concentrated solar power (CSP) storage extends by only 2.6 GW during the anticipated period. China leads the growth thanks to a bountiful FIT scheme, which is set to proceed by the end of this year. Countries in Asia and the Pacific are showcasing international leadership in their powerful commitment to and submission of energy access, energy effectiveness, and renewable energy. China, Japan, and the Republic of Korea have currently adopted zero net emissions objectives to be accomplished by 2050. As the Paris Agreement and this year’s COP26 meeting in Glasgow, United Kingdom converted the world’s concentration toward decarbonization, the latest technologies and advances are appearing adjacent to new ambitious objectives. It will take continuing exertions to accomplish the international climate targets and the Sustainable Development Goals, and the Asia-Pacific region can play an essential role in pushing energy renewability and leading this work.

European Market Statistics

The LOPC Market in the European region will also encounter huge growth during the forecast period and will hold the second position owing to the growing Research & Development about sustainable energy in this region. REPowerEU is the European country’s strategy for more pocket-friendly, protected, and renewable energy. Research and innovation activities are delivering to increase the clean energy conversion for more pocket-friendly, protected, and renewable energy by 2030, according to the objectives of the European Green Deal.

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Long-range Ordered Porous Carbon Market Size
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Companies Dominating the Long-range Ordered Porous Carbon Market

top-features-companies

    Applied Materials Inc.

    • Company Overview
    • Business Planning
    • Main Product Offerings
    • Financial Execution
    • Main Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
    • BASF SE
    • Mitsubishi Chemical Corporation
    • Cabot Corporation
    • Zeolyst International
    • Albemarle Corporation
    • Calgon Carbon Corporation
    • Entegris Inc.
    • Kuraray Co. Ltd.
    • Sumitomo Chemical Co. Ltd.

In-the-news

In The News

  • Applied Materials, Inc. and MIT declared a deal recently that, coupled with a grant to MIT from the Northeast Microelectronics Coalition (NEMC) Hub, perpetrates over USD 40 million of projected private and public investment to add progressed nano-fabrication gadgets and capacities to MIT.nano, the Institute’s center for nanoscale science and engineering.
  • Applied Materials, Inc. declared it is cooperating with Google on modified technologies for augmented reality (AR). The cooperation combines Applied Materials’ leadership in components engineering with Google’s platforms, products, and services to develop lightweight visual display systems for the next rush of AR experiences. Collectively, the organizations focus on booming the growth of multiple productions of products, applications, and services.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5844
  • Published Date: Mar 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The rising shift toward renewable energies across the world will majorly drive the market growth of the long-range ordered porous carbon (LOPC) market.

The market size of the long-range ordered porous carbon (LOPC) market is expected to get a CAGR of approximately 5% over the forecast period, i.e., 2024 – 2036.

The major players in the market are Applied Materials Inc., BASF SE, Mitsubishi Chemical Corporation, Cabot Corporation, Zeolyst International, Albemarle Corporation, Calgon Carbon Corporation, Entegris Inc., Kuraray Co. Ltd., Sumitomo Chemical Co. Ltd., Albatross Technology, Japan Renewable Energy Co., Ltd., Vestas A.S., Marubeni Corporation.

The energy storage segment is anticipated to reap the largest market size with almost 58% by the end of 2036 and demonstrate substantial growth scopes.

The market in the APAC region is expected to have the largest market share by the end of 2036 and provide more business opportunities in the future.
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