Global Hexagonal-boron Nitride Powder (H-bn) Market – Market Size & Forecast To 2032

GLOBAL HEXAGONAL-BORON NITRIDE POWDER (h-BN) MARKET – MARKET SIZE & FORECAST TO 2032

The global hexagonal-boron nitride powder (h-BN) market is estimated to be worth of USD 890.7 million in 2023 and is growing at a CAGR of 5.40% during the forecast period from 2023 to 2032. The hexagonal-boron nitride powder (h-BN) market research report discusses the importance of the segments as well as the regional markets. An accurate overview for different segments and regions has been prepared on the basis of the market size as well as the growth rate (CAGR). Different industry professionals and research analysts in various regions have examined and validated the data presented in this research report. Apart from this, the market research report contains an in-depth analysis of the forecasted data, important developments, and revenues. Further, it contains a thorough analysis of the important strategies undertaken by the leading market players to drive their business growth in the global hexagonal-boron nitride powder (h-BN) market while maintaining their competitive edge over their competitors. The report offers detailed and crucial information to understand the overall market scenario. The research analysts have included important aspects, such as future trends, market position, opportunities, threats, challenges, risks, market dynamics, market share as well as entry barriers in this detailed research report.

Hexagonal boron nitride (h-BN) is an isostructural layered ceramic material that is structured with graphite. The atomic structure of HBN is alternating boron and nitrogen atoms and is considered a non-toxic and environmentally friendly material. Hexagonal boron nitride powder can be synthesized by nitriding or ammoniac decomposition of boron oxide at high temperature. Despite its inert nature, chemical precursors of HBN can form reactive substrates and interfacial compounds at very high temperatures, especially when HBN is formed at high temperatures.

The consumer electronics business has grown rapidly around the world over the years with increasing demand for mobile phones, portable computers, game consoles, and other personal electronic devices .2D-hBN-based substrates for various electronic applications, gate dielectrics for graphene transistors and interconnects, insulators for electronic packaging, 2D-HBN is considered an ideal material. Emerging applications such as deep ultraviolet (DUV) optoelectronics, electron emitters, and neutron detectors also seem to favor it as the material of choice. As a result, the demand for hexagonal boron nitride is expected to increase during the forecast period along with the expansion of the electrical and electronics sector, with the electrical insulation segment expected to lead the market growth.

The hexagonal boron nitride powder market is expected to grow due to its excellent properties such as chemical inertness, high thermal conductivity, and high electrical resistance and lubricates. These properties are important in expanding the market for hexagonal boron nitride functionality. They will make them more competitive with graphite alternatives and help boost the demand for hexagonal boron nitride powders.

In addition, increasing demand for high temperature paints and foils and increasing demand from the electrical and microelectronics sectors are key variables that will benefit the transaction under consideration. Increased demand for skin care products has resulted in increased transactions from the personal care sector.

The high cost of hexagonal boron nitride powder compared to alternatives used in various applications proves unfavorable for the hexagonal boron nitride powder market. Hence, this factor will challenge the growth rate of the hexagonal boron nitride powder market. This hexagonal boron nitride powder market report provides details on new developments, trade regulations, import/export analysis, production analysis, value chain optimization, market share, impact of domestic and local market players, and new analyses opportunities for revenue streams. Market regulation changes, strategic market growth analysis, market size, category market growth, application niches and dominance, product approvals, product launches, geographic expansion, technological innovations in the market

Some key players of the market are ZYP Coatings, Inc. (US), Saint-Gobain S.A. (France),HC Starck GmbH (Germany), Showa Denko K.K. (Japan), Kennametal Inc. (US), 3M (US), Momentive Performance Materials Inc. (US), Mizushima Ferroalloy Co., Ltd. (Japan), Henze Boron Nitride Products AG (Germany), Denka Company ltd. (Japan), American Elements (US), Höganäs AB (Sweden), UK Abrasives (US), GrollTex Inc (US), ZIBO SINYO NITRIDE MATERIALS CO. LTD (China), U.S. Borax, Inc. (US), Searles Valley Minerals (US), Yara International (Norway), CF Industries Holdings, Inc.(US), Ab Etiproducts Oy (Finland), Russian Bor (Russia), Dalian Jinma Boron Technology Group., Inc. (China), and others.