Industry Overview ofHexagonal Boron Nitride Market
Hexagonal boron nitride (HBN) is a layered ceramic material that shares the same structure as graphite. It is known for its non-toxic and environmentally friendly properties. HBN can be created by subjecting boric oxide to nitriding or ammonalysis processes at elevated temperatures. It has the ability to form compounds at interfaces with reactive substrates. With exceptional thermal and mechanical properties, chemical inertness, and lubricity, hexagonal boron nitride serves as an excellent insulator. It is widely used in cosmetics and skincare products as a diffuser and lubricant. Additionally, HBN plays a crucial role as a component in the manufacturing of electrical goods.
How Big Is the Hexagonal Boron Nitride Market?
The globalhexagonal boron nitride market sizereached a value of US$ 769.8 Million in 2022. It is projected to reach a value of US$ 991.0 Million by 2028, exhibiting a CAGR of 4.2% during 2023-2028.
GlobalHexagonal Boron NitrideIndustry Trends and Drivers:
The hexagonal boron nitride (HBN) market is experiencing significant growth driven by the increasing demand for motorized and consumer electronics, including portable computing devices, cellular phones, gaming systems, and more. Furthermore, the market is being propelled by the widespread adoption of HBN in the production of semiconductors and coolers, which is a result of industrialization trends. The use of value-added HBN in high-temperature protective release coatings and paints is also contributing to market growth. Additionally, HBN is finding extensive application in deep UV (DUV) optoelectronics, electron emitters, neutron detectors, and other industries, positively impacting the global market. The rising use of personal care products and the development of smart devices and appliances, driven by investments in research and development and continuous technological advancements by leading manufacturers, are expected to further fuel the growth of the HBN market in the forecasted period.
What Is Included In Market Segmentation?
The report has been segmented the market into following categories:
Breakup by Type:
- Tubes
- Rods
- Powder
- Gaskets
- Plates and Sheets
- Others
Breakup by Application:
- Coatings/Mold Release/Spray
- Electrical Insulation
- Composites
- Industrial Lubricants
- Thermal Spray
- Personal Care (Including Cosmetics)
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
The report provides a comprehensive analysis of the industry key players listed below:
The Major Players in the market are Anest Iwata Corporation, Asahi Sunac Corporation, Castolin Eutectic, Graco Inc., Hydromer, IHI Corporation, J. Wagner GmbH, Larius S.r.l, Nordson Corporation, OC Oerlikon, Praxair Surface Technologies Inc. (Linde plc) and Samvardhana Motherson Group.
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