Hexagonal Boron Nitride Market Size, Share & Trends Analysis Report By Application (Paints & Coatings, Composites, Lubricants, Personal Care & Cosmetics, Electrical Insulation), By Region, And Segment Forecasts, 2024 - 2030
Hexagonal Boron Nitride Market Trends
The global hexagonal boron nitride market size was estimated at USD 904.32 million in 2023 and is projected to grow at a CAGR of 5.1% in terms of revenue from 2024 to 2030. The market growth is driven by the unique properties of hexagonal boron nitride (h-BN) that make it highly valuable in various advanced technologies. h-BN, often referred to as "white graphene," exhibits exceptional thermal conductivity, high electrical resistivity, and excellent chemical stability. These characteristics make it an ideal material for use in electronics, such as in the production of high-performance insulators and thermal management components.
Hexagonal boron nitride (h-BN) is a synthetic material composed of boron and nitrogen atoms arranged in a hexagonal lattice, similar in structure to graphene. Often referred to as "white graphene," h-BN features a layered structure where the layers are held together by weak van der Waals forces. This structure gives h-BN unique physical and chemical properties that are highly desirable in various applications. Unlike graphene, h-BN is an electrical insulator, but it exhibits excellent thermal conductivity, making it suitable for use in high-temperature and high-performance applications.
Global Hexagonal Boron Nitride Market Report Segmentation
This report forecasts volume & revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global hexagonal boron nitride market report based on application and region:
Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Paints Coatings
Electrical Insulation
Composites
Lubricants
Personal Care & Cosmetics
Others
Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Asia Pacific
China
Japan
India
South Korea
Central & South America
Brazil
Argentina
Middle East and Africa
Saudi Arabia
South Africa
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