by Hexagonal boron nitride is a non-toxic and chemically stable material with properties such as high thermal conductivity, lubrication, insulation, and dielectric strength. These properties enable its usage in applications across various industries like electronics, metallurgy, and aerospace. Hexagonal boron nitride provides thermal management solutions and electrical insulation in power electronics components and LED lights. It is also used as a solid lubricant and diffusion barrier in brazing and bonding processes in metallurgy. Moreover, hexagonal boron nitride nanotubes and powder find usage in Li-ion batteries, biomedical, and catalyst support applications given their extraordinary electron transport and mechanical properties.
The Global Hexagonal Boron Nitride Market Size Is Estimated To Be Valued At US$ 1.35 Bn In 2024 And Is Expected To Exhibit A CAGR Of 12.% Over The Forecast Period 2024-2031.
Key Takeaways
Key players operating in the Global Hexagonal Boron Nitride Market are Saint-Gobain, Momentive, 3m Company, Denka Company Limited, H.C. Starck, Uk Abrasives, Henze Boron Nitride Products Ag, Mizushima Ferroalloy, Zyp Coatings Inc., Showa Denko K.K., DCEI, YingKou Liaobin Fine Chemicals, QingZhouMaTeKeChang Materials, Baoding Pengda New Material Technology, Liaoning Pengda Technology, Qingzhou Fangyuan, New Method Packaging, QingZhou Longjitetao New Material, HCStarck Tungsten & Powders, and Zhangjiagang Free Trade Zone Hongwu International Trade Co., Ltd. The growing demand for thermal management materials from industries such as electronics, LED lighting, electric vehicles is fueling the hexagonal boron nitride market growth. Key players are expanding their production capacities across regions to leverage the increasing market opportunities in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Market Key Trends
One of the key trends spurring growth in the hexagonal boron nitride market is the increasing R&D towards developing h-BN nanotubes and few-layer h-BN sheets. These nanostructured forms of hexagonal boron nitride exhibit extraordinary properties and broad potential applications. For instance, h-BN nanotubes and sheets can replace carbon nanotubes and graphene in some applications given their high stability, wide bandgap, and excellent dielectric properties. Moreover, they are being researched for applications like field emission, reinforcing composites, protective coatings, thermal interface materials, and hydrogen storage. Another major trend is the shifting focus towards producing high purity and large diameter hexagonal boron nitride through new synthesis techniques like chemical vapor deposition (CVD). This is expected to boost the use of h-BN in more performance-critical applications across industries over the forecast period.
Porter’s Analysis
Threat Of New Entrants: Low capital requirements limit the threat.
Bargaining Power Of Buyers: Large number of buyers reduces individual Buyer Power. Bargaining Power Of Suppliers: Suppliers possess some bargaining power due to differentiated inputs.
Threat Of New Substitutes: Potential for substitute materials limits the threat. Competitive rivalry: Global players compete intensely on quality and pricing.
Geographical Regions
Geographically, North America accounts for the largest share of the global hexagonal boron nitride market in terms of value owing to increasing demand from applications such as electronic equipment, metallurgy, and coatings.
The Asia Pacific region is projected to be the fastest growing market for hexagonal boron nitride during the forecast period. This growth can be attributed to rapidly expanding electronics and manufacturing industries in countries such as China and India, along with increasing infrastructure development activities in the region.
What are the key data covered in this Global Hexagonal Boron Nitride Market report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Global Hexagonal Boron Nitride Market’s growth between 2024 and 2031.
:- Accurate calculation of the size of the Global Hexagonal Boron Nitride Market and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behavior
:- Global Hexagonal Boron Nitride Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Global Hexagonal Boron Nitride Market vendors
FAQ’s
Q.1 What are the main factors influencing the Global Hexagonal Boron Nitride market?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Global Hexagonal Boron Nitride Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Global Hexagonal Boron Nitride market’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
- Source: CoherentMI, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
