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    Hexagonal Boron Nitride Market

    ID: MRFR/CnM/1279-CR
    164 Pages
    Chitranshi Jaiswal
    September 2018

    Hexagonal Boron Nitride Market Research Report Information By Type (Tubes, Rods, Plates, Gaskets, Crucibles, Sheets, Others), By Application (Electrical Insulation, Lubrication Industrial, Coatings & Mold Release, Cosmetics, Composites, Thermal Spray, Others) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

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    Hexagonal Boron Nitride Market Research Report- Forecast to 2032 Infographic
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    Hexagonal Boron Nitride Market Summary

    As per Market Research Future Analysis, the Global Hexagonal Boron Nitride Market was valued at USD 0.83 billion in 2023 and is projected to reach USD 1.14 billion by 2032, growing at a CAGR of 3.49% from 2024 to 2032. The market is driven by the superior properties of hexagonal boron nitride, including chemical inertness, thermal conductivity, and electrical resistance, which enhance its demand in various applications, particularly in the personal care and cosmetics industry. The Asia-Pacific region is expected to dominate the market, with China holding the largest share and India being the fastest-growing market. The coatings & mold release application segment leads the market due to its unique properties and widespread use across various materials.

    Key Market Trends & Highlights

    Key trends driving the Hexagonal Boron Nitride market include its unique properties and growing applications.

    • Market Size in 2023: USD 0.83 billion; Projected Market Size by 2032: USD 1.14 billion.
    • CAGR from 2024 to 2032: 3.49%; Dominant Application: Coatings & Mold Release.
    • Asia-Pacific region to dominate market share; China holds the largest market share.
    • Hexagonal Boron Nitride used in over 643 cosmetics formulations.

    Market Size & Forecast

    2023 Market Size USD 0.83 billion
    2024 Market Size USD 0.87 billion
    2032 Market Size USD 1.14 billion
    CAGR (2024-2032) 3.49%

    Major Players

    Key players include Saint-Gobain, Denka Company Limited, Momentive Performance Materials, Kennametal, C. Stark GMBH, Showa Denko K.K, Mizushima Ferroalloy, Henze BNP AG, ZYP COATING Inc., and 3M.

    Hexagonal Boron Nitride Market Trends

      • Superior properties of hexagonal boron nitride are driving the market growth.

    The unique properties such as chemical inertness, thermal conductivity, electrical resistance, and lubricity are anticipated to create avenues for the hexagonal boron nitride market share. These qualities are essential for the growth of the hexagonal boron nitride properties market. They make it superior to its alternative, graphite, thus propelling the demand for hexagonal boron nitride. This factor drives the market CAGR. The hexagonal boron

    nitride

    has also found widespread uses in the cosmetics and personal care industry. Personal care and cosmetics products are a high-value sector increasing chiefly in emerging economies responsible for mounting the hexagonal boron nitride market stake. It is recognized as a non-toxic and ecological element expended in over 643 cosmetics formulations and used as a diffuser and lubricant in skincare and makeup products. Moreover, the enormous boom perceived in the electrical & electronics business has augmented the requirement for hexagonal boron nitride owing to its use in the substrate for coolers and semiconductors.

    The growing need for consumer and motorized electronics related to the development of the electronics and semiconductors sectors in the forecast period. Thus, these factors drive the Hexagonal Boron Nitride market revenue. 

    The growing demand for advanced materials in electronics and aerospace sectors appears to be driving the expansion of the hexagonal boron nitride market, as industries increasingly seek high-performance solutions for thermal management and insulation applications.

    U.S. Department of Energy

    Hexagonal Boron Nitride Market Drivers

    Growing Demand in Electronics

    The Global Hexagonal Boron Nitride Market Industry is experiencing a surge in demand driven by the electronics sector. Hexagonal boron nitride is utilized as a dielectric material in capacitors and insulators, which are essential components in electronic devices. The increasing miniaturization of electronic components and the need for efficient thermal management solutions are propelling this demand. As of 2024, the market is valued at approximately 0.87 USD Billion, with projections indicating a growth trajectory that could see it reach 1.26 USD Billion by 2035. This growth reflects a compound annual growth rate of 3.45% from 2025 to 2035, suggesting a robust future for hexagonal boron nitride in electronics.

    Market Segment Insights

    Hexagonal Boron Nitride Type Insights

    Based on type, the Hexagonal Boron Nitride market segmentation includes tubes, rods, plates, gaskets, crucibles, sheets, and others. The tubes category dominated the market due to the increasing demand for hexagonal boron nitride tubes in industries such as electronics, aerospace, and defense for their excellent thermal and chemical properties. The tubes offer high thermal conductivity, high thermal shock resistance, and high dielectric strength, making them suitable for various applications.

    Hexagonal Boron Nitride Application Insights

    Based on application, the Hexagonal Boron Nitride market segmentation includes electrical insulation, industrial lubrication, coatings & mold release, cosmetics, composites, thermal spray, others. The coatings & mold release category dominated the market; on various materials, including metal, plastic, ceramic, and wood, hexagonal boron nitride coating forms a layer of boron nitride powder. This coating is a thick liquid that can be brushed or thinned with water to create a consistency better suited for spraying or dipping.

    Combining the unique properties of high thermal conductivity, excellent lubricity, and low electrical conductivity of hexagonal boron nitrides with the operation of paint, the coating, which comes in a convenient form, provides unmatched performance as a lubricant and anti-stick release agent. Currently, hexagonal boron nitride coating has the highest temperature resistance and is one of the best dry film lubricants available. The co-efficiency of boron nitride remains essentially constant over a wide temperature range.

    Get more detailed insights about Hexagonal Boron Nitride Market Research Report- Forecast to 2032

    Regional Insights

    By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific Hexagonal Boron Nitride Market will dominate this market because the area is well-known for being a hub for electronics and automotive manufacturing. Skin-lightening products and their alternatives are among the most popular skin care products in this Region, and the personal care and

    industry is expanding quickly. Moreover, China’s Hexagonal Boron Nitride market held the largest market share, and the Indian Hexagonal Boron Nitride market was the fastest-growing market in the Asia-Pacific region. Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

    Europe's Hexagonal Boron Nitride market accounts for the second-largest market share due to the rise as consumers take extra precautions to shield babies and children's sensitivity fam prolonged sun exposure. The climate highly influences the demand for sun care products among adults. Consumers approached sun protection more holistically, paying closer attention to U.V. levels and their effects on skin health and aging. Further, the German Hexagonal Boron Nitride market held the largest market share, and the UK Hexagonal Boron Nitride market was the fastest-growing market in the European Region.

    North America is expected to grow at the fastest CAGR from 2023 to 2032. This is due to growing consumer awareness of the advantages of these products; the country is currently seeing increased adoption of personal care products, particularly in the premium category, expanding awareness of a healthy lifestyle and nutrition, and rising per capita disposable income.

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development to expand their product lines, which will help the hexagonal boron nitride market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The hexagonal boron nitride industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.

    Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Hexagonal Boron Nitride industry to benefit clients and increase the market sector. In recent years, the Hexagonal Boron Nitride industry has offered some of the most significant medical advantages. Major players in the Hexagonal Boron Nitride market, including Saint-Gobain, Denka Company Limited, Momentive Performance Materials, Kennametal, C. Stark GMBH, Showa Denko K.K, Mizushima Ferroalloy, Henze BNP AG, ZYP COATING Inc., 3M., and others, are attempting to increase market demand by investing in research and development operations.

    Aixtron SE is a European multinational technology company specializing in manufacturing metalorganic chemical vapor deposition equipment for clients in the semiconductor industry. The company's shares are listed on the Frankfurt Stock Exchange. AIXTRON is a constituent of the MDAX and TecDAX index.AIXTRON has advanced, built, and fitted a new, detailed industrial-grade reactor for graphene and hexagonal Boron Nitride (CBN), giving out 200 mm epi- wafers. The novel CVD tool was advanced as an allotment of the GIMMIK research project and has recently gone into operation.

    The GIMMIK project plans to assess graphene layers' production under industrial conditions, mark weak points, and design ways to eliminate error sources. Also, the transmission of graphene properties to electrical mechanisms and a material setting is tested. In parallel, approaches for the contact-free, large-area description of graphene will be advanced, which still need to be created. LUBLINE products are made using the ultimate oil and chemical industry technology.HeBoFill LL-SP 060 is a brand-new boron nitride powder from Henze Boron Nitride Products with high purity and minimal agglomeration.

    Additionally, it broadens our selection of products by adding a new powder to the HeBoFill LUB LINE.

    Key Companies in the Hexagonal Boron Nitride Market market include

    Industry Developments

    September 2022:

    HeBoFill LL-SP 060 is a brand-new boron nitride powder from Henze Boron Nitride Products with high purity and minimal agglomeration. Additionally, it broadens our selection of products by adding a new powder to the HeBoFill LUB LINE. 

      July 2022:

    The addition of HeBoCoat EL-W 100 now augments the EXPERT LINE of the HeBoCoat family. It was designed for use in hot forming and superplastic forming procedures.

    Future Outlook

    Hexagonal Boron Nitride Market Future Outlook

    The Hexagonal Boron Nitride Market is projected to grow at a 3.45% CAGR from 2024 to 2035, driven by advancements in electronics, aerospace applications, and increasing demand for lubricants.

    New opportunities lie in:

    • Develop innovative coatings for high-temperature applications in aerospace.
    • Expand product lines to include eco-friendly hexagonal boron nitride alternatives.
    • Leverage partnerships with tech firms to enhance semiconductor performance using hexagonal boron nitride.

    By 2035, the Hexagonal Boron Nitride Market is expected to achieve substantial growth, reflecting evolving industrial needs and technological advancements.

    Market Segmentation

    Hexagonal Boron Nitride Type Outlook

    • Tubes
    • Rods
    • Plates
    • Gaskets
    • Crucibles
    • Sheets
    • Others

    Hexagonal Boron Nitride Regional Outlook

    North America
    • US
    • Canada

    Hexagonal Boron Nitride Application Outlook

    • Electrical Insulation
    • Lubrication Industrial
    • Coatings & Mold Release
    • Cosmetics
    • Composites
    • Thermal Spray
    • Others

    Report Scope

    Attribute/Metric Details
    Market Size 2023 USD 0.83 billion
    Market Size 2024 USD 0.87 billion
    Market Size 2032 USD 1.14 billion
    Compound Annual Growth Rate (CAGR) 3.49%(2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2018- 2022
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Type, Application, and Region
    Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
    Countries Covered The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled  Saint-Gobain, Denka Company Limited, Momentive Performance Materials, Kennametal, C. Stark GMBH, Showa Denko K.K, Mizushima Ferroalloy, Henze BNP AG, ZYP COATING Inc., 3M
    Key Market Opportunities Process And Product Development Rise In Disposable Income
    Key Market Dynamics Superior Properties Of Hexagonal Boron Nitride Substantial Growth Of the Personal Care Industry

    FAQs

    How much is the Hexagonal Boron Nitride Market?

    The Hexagonal Boron Nitride market size was valued at USD 0.8 Billion in 2022.

    What is the growth rate of the Hexagonal Boron Nitride Market?

    The market is projected to grow at a CAGR of 3.49% during the forecast period, 2024-2032.

    Which Region held the largest market share in the Hexagonal Boron Nitride Market?

    Asia Pacific had the largest share of the Boron Nitride Market.

    Who are the key players in the Hexagonal Boron Nitride Market?

    The key players in the market are Saint-Gobain, Denka Company Limited, Momentive Performance Materials, Kennametal, C. Stark GMBH, Showa Denko K.K, Mizushima Ferroalloy, Henze BNP AG, ZYP COATING Inc., 3M.

    Which type led the Hexagonal Boron Nitride Market?

    The Tubes Hexagonal Boron Nitride category dominated the market in 2023.

    Which Application had the largest market share in the Hexagonal Boron Nitride Market?

    The Coatings & Mold Release had the largest share in the Boron Nitride Market.

    Hexagonal Boron Nitride Market Research Report- Forecast to 2032 Infographic
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