Global Hexagonal Boron Nitride
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to cognitive market research: Global Hexagonal Boron Nitride market size 2023 was XX Million. Hexagonal Boron Nitride Industry compound annual growth rate (CAGR) will be XX% from 2024 till 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Market Size | 121212 |
Country Market Size | 121212 |
North Americ Market Size | 121212 |
Europe Market Size | 121212 |
Asia Pacific Market Size | 121212 |
South America Market Size | 121212 |
Middle East and Africa Market Size | 121212 |
Market Split by Type |
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Market Split by Application |
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Market Split by Product Type |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Hexagonal Boron Nitride Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Hexagonal Boron Nitride, is referred to as "White Graphite," shares a crystal structure with graphite. It has excellent lubricating qualities due to its crystal structure, making it far superior to graphite. It can be found as a powder with particle sizes ranging from 70 nm to 150 nm, 0.5 m, 1.5 m, and 5 m to 30 m. hexagonal boron nitride is a commonly used dry lubricant in the market because of its heat sinking properties and resistance to molten metals and salts. For use in high-temperature coating applications such as mold release, extrusion presses, tooling and stamping machined components, it is often combined with a paste. With remarkable lubricating and releasing properties, hexagonal boron nitride provides excellent protection for ceramics when used at high temperatures. For applications in lead, zinc, magnesium, and aluminum foundries, it provides an excellent coating option.
The need for contemporary footings, which are usually applied as multi-layered systems consisting of primer and topcoat, is growing in European nations due to rising wealth and the accessibility of these materials. The advent of jet engines and the rapid advancements in the advanced power generation, automotive, aerospace, and aviation industries created a need for high-temperature structural materials—which are unlikely to offer the highest resistance to corrosion and oxidation. Under these conditions, the only way to prevent or mitigate the sulfidation and corrosion problems of these materials is to depend on effective surface coatings based on hexagonal boron nitride.
The demand for gaming consoles, cell phones, portable computers, and other personal electronic devices has been steadily increasing over the years, which has led to a rapid global expansion of the consumer electronics industry. 2D HBN has been considered the perfect material for several electronic applications, including 2D hBN-based substrates, gate dielectrics for graphene transistors and interconnects, and electronic packaging insulators. It appears to be the material of choice for emerging applications such as electron emitters, neutron detectors, and deep UV (DUV) optoelectronics. Therefore, it is expected that throughout the projected period, the demand for hexagonal boron nitride would rise in tandem with the growth of the electrical and electronics sector, with the electrical insulation segment expected to lead the market growth. Hexagonal boron nitride is stable at 1,500°C in air and inert to the majority of chemicals. Here, we provide large-scale, ultrathin, oxidation-resistant coatings of premium hexagonal boron nitride layers in bulk and double layers at regulated thicknesses. Such ultrathin hexagonal boron nitride films can be used as high-performance oxidation-resistant coatings for nickel up to 1,100 °C in oxidizing atmospheres because they are impenetrable to oxygen diffusion even at high temperatures.
Growing foreign investment in the manufacturing sectors, especially from international banks and Japanese companies, and the various countries' ongoing economic reforms are the main causes of the rise. In the manufacturing sectors, foreign direct investment (FDI) equity inflow has expanded by 55% over the last nine fiscal years in India, or 2014–23, to USD 148.97 billion, from USD 96 billion in the prior nine fiscal years, or 2005–14.
(sansad.in/getFile/loksabhaquestions/annex/1714/AS258.pdf?source=pqals)
For example, the growing need for polymers, specialized chemicals, and agrochemicals is expected to propel India's chemical industry forward. Recently, the use of two-dimensional (2-D) layered materials to improve the capabilities of electronic devices has drawn a lot of interest from the electrical and electronics industries.
Hexagonal boron nitride has been widely employed in the personal care and cosmetics industries. The high-value personal care and cosmetics sector is expanding, mostly in emerging economies, and is increasing hexagonal boron nitride's market share. Recognized as a non-toxic and eco-friendly ingredient in over 643 cosmetic formulas, it serves as a lubricant and diffuser in skincare and beauty products. Hexagonal boron nitride is used in foundation, liquid makeup, eyeshadow, blush, kajal, lipsticks, lip liners, anti-aging treatments, sunscreens, and a host of other skincare items. Over the course of the forecast period, these factors are expected to propel market expansion.
Boron nitride-containing products have reportedly been used on infant skin (in the form of lotion, oil, powder, or cream), applied to the eye region or mucous membranes, consumed, or perhaps breathed. Boron nitride can be utilized at concentrations of up to 25% in formulations for eye products, 2% in lipstick formulations, 16% in powders, and up to 0.9% in scent preparations. Despite reports of use in infant products to the VCRP, industry reports of concentrations of use were non-existent. In actuality, the aerodynamic equivalent diameters of 95% to 99% of the particles ejected from cosmetic sprays fall between 10 and 110 µm.www.cir-safety.org/sites/default/files/Boron%20Nitride_faa-final.pdf’
The personal care is showing ever-increasing growth in developing countries which will keep propelling the hexagonal boron nitride market in the future.
Hexagonal boron nitride is produced using a sophisticated process that requires specialized equipment and high temperatures, which raises the cost of the finished product. This may limit the widespread adoption of hBN by end users and limit its use in cost-sensitive applications. One major barrier to adoption of hBN is still its expensive price.
. Still, there are several issues with rechargeable batteries that need to be taken into account. Lithium-ion batteries, for instance, are the industry leader in energy storage technology today, but despite this, the device still has issues with low energy density, limited lifespan, high cost, and low safety.
In comparison to hexagonal boron nitride, the other materials, such as graphite, molybdenum disulfide, and tungsten disulfide, are less costly. Moreover, premium-grade (high purity) hexagonal boron nitrides for certain uses, including cosmetics, are priced between USD 350 and USD 800/kg, whereas standard-grade hexagonal boron nitrides used for industrial reasons range in price from USD 55 to USD 130/kg. As a result, it is anticipated that the high cost will limit market expansion during the projected time.
The rising production and consumer preference for electric vehicles is presenting potential opportunities for hBN manufacturers. hBN composites and thermal interface materials are increasingly being explored to manage battery temperature and improve the electric vehicles (EV) performance. The need for lightweight materials to increase the EV range can also favor the adoption of hBN reinforced plastics and composites. This represents a significant opportunity for market players in the long run.
Rechargeable batteries, which are essential for powering a variety of electronic gadgets, digital technologies, and electric vehicles, are made using hexagonal boron nitride and offer outstanding performance in terms of high energy density, extended cycle life, high safety, and low cost. Massive efforts have been undertaken to far, and the combination of nanotechnology and nanomaterials engineering has already proven successful in solving many of the issues related to rechargeable batteries.
https://www.mdpi.com/2313-0105/9/7/344
The rapid spread of the coronavirus has had a notable impact on global markets, as major economies throughout the globe are currently under full lockdown due to the outbreak. The consumer market has abruptly stopped exhibiting any inclination to make any purchases as a result of this harsh lockout. The revenue trajectory of the market was influenced by the aforementioned factors. One of the main issues facing the sector at the moment is the closure of all international transit options. The market for hexagonal-boron Nitride Powder (h-BN) was slowed down by the global crisis, which had an impact on many sectors of the economy, including paint and coatings.
Covid had a big impact on the automotive and semiconductor sector which are key end users for the hexagonal-boron nitride powder. For Example, COVID-19 had a severe negative impact on new car sales, particularly in February 2020. For example, new car sales in China decreased by 92% in February. In addition, overall car sales in European nations decreased by 7.4% over the previous year. Additionally, a number of automakers in India, including TVS and Mahindra, have halted production sales as a result of lockdowns, which has had an impact on other sectors.
www.ncbi.nlm.nih.gov/pmc/articles/PMC8014102/
In 2020, there will likely be one of the biggest declines in the demand for semiconductors used in wireless communication applications, with an estimated 11 to 26% decline. The main driver of demand in this category, mobile phone sales, is predicted to decline sharply over the next few months due to its previous strong correlation with GDP. (Recent reports of sharp drops have already been made in COVID-19 hotspots, particularly China).
Thus because of the negative impact on these industries, the global hexagonal boron nitride market also suffered through the pandemic
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The industry's top companies are spending a lot of money on R&D to extend their product lines, which will spur further growth in the hexagonal boron nitride market. In addition, market participants are engaging in a range of strategic endeavors aimed at broadening their market reach. Notable events in this regard include the introduction of new products, contractual agreements, mergers and acquisitions, increased investment levels, and cooperation with other entities. In order to grow and thrive in a more competitive and increasing market environment, the hexagonal boron nitride business needs to provide affordable products.
One of the main strategies used by manufacturers in the Hexagonal Boron Nitride industry to assist customers and expand the market sector is local manufacturing in order to reduce operating costs. The Hexagonal Boron Nitride sector has provided some of the biggest medicinal benefits in recent years.
September 2022: Henze Boron Nitride Products introduces HeBoFill LL-SP 060, a brand-new boron nitride powder with little agglomeration and high purity. Furthermore, it expands our product lineup by introducing a new powder to the HeBoFill LUB LINE.
July 2022: The HeBoCoat family's EXPERT LINE has been enhanced with the arrival of HeBoCoat EL-W 100. It was intended for use in processes involving hot forming and superplastic forming.
Top Companies Market Share in Hexagonal Boron Nitride Industry: (In no particular order of Rank)
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With a projected growth rate of XX%, Asia-Pacific holds the largest market share in the global hexagonal boron nitride industry. China, India, Japan, Australia, and the rest of Asia-Pacific are all included in the analysis of the Asia-Pacific market. China is the market leader in the Asia-Pacific hexagonal boron nitride region. The Asia Pacific market is the most important regional market, holding a market share of more than XX%. Asia Pacific countries, including China and India, are major industrial powers with extensive facilities for the production of cars and electronics. These factors will therefore act as growth accelerators for the Asia-Pacific market.
Over the course of the projection period, North America is anticipated to develop at a CAGR of XX% and generate USD XX million. The market research for hexagonal boron nitride in North America covers both the United States and Canada. Despite their moderate growth rate, the massive market for personal care items has a considerable impact on traditional goods. The United States' aging baby boomer population has had a major impact on the growth of personal care chemicals. Personal care products are currently being adopted at a higher rate in the nation due to growing consumer awareness of their benefits, especially in the luxury segment.
The current report Scope analyzes Hexagonal Boron Nitride Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Hexagonal Boron Nitride Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Hexagonal Boron Nitride Industry growth. Hexagonal Boron Nitride market has been segmented with the help of its Type, Application Product Type, and others. Hexagonal Boron Nitride market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Quality management is the major parameter to meet specific standards and specifications, reliability and consistency. The chemical and material industry is full of various types of chemicals and it is necessary to focus on quality management because it may affect environment & other equipment. Raw materials plays an important role in this industry. The chemical industry converts these raw materials into primary, secondary, and tertiary products. Fluctuations in raw material prices may impact the market growth in the near future. This study includes the revenue generation of each type in each region for the year 2019 to 2031. Additionally it also provides detailed supply chain analysis along with current trends in the market which are expected to propel the market growth in the coming year.
Type of Hexagonal Boron Nitride analyzed in this report are as follows:
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The market's major share contributing segment, powder segment, is anticipated to expand at a compound annual growth rate (CAGR) of XX% during the course of the projected period. Hexagonal boron nitride powder is made by reacting the naturally occurring mineral boric acid, H3BO3, with N (usually from NH3) at different temperatures and pressures to provide powders with different levels of purity, size, and crystallinity. It is a lubricant ingredient that dissolves in lubricating oil, grease, water, and solvents. Because of its strong thermal resistance, it can also be used as an additive for high-temperature lubrication and as paint with water and binders. Because of its high lubricity, hexagonal boron nitride is utilized as a mold release agent for injection molds made of plastic and metal. Glass as well as titanium are both formed in refractory molds with hexagonal boron nitride coating.
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Based on product type, the global market is bifurcated into tubes, rods, powder, gaskets, plates and sheets, and others.
The market's major share contributing segment, powder segment, is anticipated to expand at a compound annual growth rate (CAGR) of XX% during the course of the projected period. Hexagonal boron nitride powder is made by reacting the naturally occurring mineral boric acid, H3BO3, with N (usually from NH3) at different temperatures and pressures to provide powders with different levels of purity, size, and crystallinity. It is a lubricant ingredient that dissolves in lubricating oil, grease, water, and solvents. Because of its strong thermal resistance, it can also be used as an additive for high-temperature lubrication and as paint with water and binders. Because of its high lubricity, hexagonal boron nitride is utilized as a mold release agent for injection molds made of plastic and metal. Glass as well as titanium are both formed in refractory molds with hexagonal boron nitride coating.
Based on end-users, the global market is bifurcated into aerospace, automotive, semiconductors and electronics, and others.
The market's largest contributor, semiconductors and electronics, is anticipated to expand at a compound annual growth rate (CAGR) of XX% throughout the course of the projected period. The demand for gaming consoles, mobile phones, portable computers, and other personal gadgets has been steadily increasing, which has led to a rapid expansion of the worldwide consumer electronics business. The growing global market for power supplies fuels the need for electrical equipment such as cables, capacitors, and other conducting materials, which in turn increases demand for hexagonal boron nitride from the electrical industry. Technological developments in India, such the rollout of 4G/LTE networks and the Internet of Things (IoT), also have an impact on the uptake of electronic items.
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The rising need for high-temperature paints and coatings is expected to be the primary driver of growth in the hexagonal boron nitride market worldwide. The compound is a good substrate for creating metal oxide semiconductors because of its inherent and dielectric characteristics. Throughout the projected period, the constantly expanding consumer electronics sector—which includes gaming consoles, mobile phones, and portable computers—will continue to drive the expansion of the hexagonal boron nitride market globally. For investors, the market offers a plethora of growth options.
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Type | Hexagonal Boron Nitride Composite Ceramics, Preparation of Cubic Boron Nitride (CBN) |
Application | Coatings/Mold Release/Spray, Electrical Insulation, Composites, Lubricants, Thermal Spray, Personal Care, Others |
Product Type | Tubes, Rods, Powder, Gaskets, Plates and Sheets, Others |
End User | Aerospace, Automotive, Semiconductors and Electronic, Others |
List of Competitors | Saint Gobain, Momentive Performance Materials, 3M Company, H.C.Starck, UK Abrasives, Denka, Henze, Showa Denko Group, Shin Etsu Chemical, Xinfukang, Qingzhou Fangyuan, DCEI, Zibo Jonye Ceramic Technologies, YingKou Liaobin, QingZhouMaTeKeChung Materials, Baoding Pengda, DANGDONG RIJIN, Eno High Tech Material, QingZhou Longjitetao, Liaoning Pengda Technology |
This chapter will help you gain GLOBAL Market Analysis of Hexagonal Boron Nitride. Further deep in this chapter, you will be able to review Global Hexagonal Boron Nitride Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Product Type Analysis 2019 -2031
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Chapter 13 Market Split by End User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Hexagonal Boron Nitride market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Hexagonal Boron Nitride Composite Ceramics have a significant impact on Hexagonal Boron Nitride market? |
What are the key factors affecting the Hexagonal Boron Nitride Composite Ceramics and Preparation of Cubic Boron Nitride (CBN) of Hexagonal Boron Nitride Market? |
What is the CAGR/Growth Rate of Coatings/Mold Release/Spray during the forecast period? |
By type, which segment accounted for largest share of the global Hexagonal Boron Nitride Market? |
Which region is expected to dominate the global Hexagonal Boron Nitride Market within the forecast period? |
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