Global Hexagonal Boron Nitride Market Report 2019 Foresees The Market Value To Cross USD 960.3 MN By 2025
Posted On December 03, 2019
The Global Hexagonal Boron Nitride Market had a market value close to USD 682.5 MN in 2018 according to the report published recently by Value Market Research. The market is anticipated to touch USD 960.3 MN by 2025 with a CAGR of 5% between 2019 and 2025. The properties of hexagonal boron nitride such as thermal conductivity, chemical inertness, thermal expansion, shock resistance and good dielectricity have driven the growth of the hexagonal boron nitride market globally. The usage of hexagonal boron nitride in the personal care industry for usage in baby oils, skin care creams, hair care lotions & makeup products and the rising demand for electric insulation, doping wafers, microwave tubes, plasma arc insulators and the high-temperature furnace has further fuelled the growth of the market. Owing to superior lubricating properties, hexagonal boron nitride is used at a higher rate in pencil leads, dental cement, paints and cosmetic industries. However, the high cost of the product may act as a hindrance to the growth of the global hexagonal boron nitride market.
Hexagonal boron nitride also is known as white graphite is a ceramic that structurally resembles the graphite. The chemical formula of hexagonal boron nitride is BN and is also referred to as h-BN. It possesses excellent lubricating properties, chemical inertness, shock resistance, chemical insulation, better thermal conductivity and high load-bearing. Due to its properties, it is used in cosmetics, paints and coatings, electronics and other such end-use industries. While graphite is highly active, easily reacts with metals or oxides and has electrical conductivity, hexagonal boron nitride has electrical insulation and chemical or thermal stability and is stable up to approximately 3000 degree Celsius in inert atmosphere.
The report “Global Hexagonal Boron Nitride Market Report By Application (Coating & Mold Release, Electrical Insulation, Lubrication-Industrial, Composites, Personal Care, Paints, Lubricants-Food, Thermal Spray And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2018-2025” covers the market and the market flow along with segmentation by application and region. The report also provides an in-depth outlook on the key players of the market.
By application, the global boron nitride market is classified into coating & mold release, electrical insulation, lubrication-industrial, composites, personal care, paints, lubricants-food and thermal spray. Coatings & mold release emerged as the leading segment application-wise owing to excellent properties such as high thermal stability, electrical insulation and superior lubricating properties.
The global hexagonal boron nitride market is geographically segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. As per the report, Asia Pacific has led this segment owing to the growing demand for the product and favourable government support.
The Report Segments Global Hexagonal Boron Nitride Market -
Coating & Mold Release
Middle East & Africa
Players Profiled In the Report:
Denka Company Ltd, H.C. Stark GmbH, Henze BNP AG, Kennametal, Mizushima Ferroalloy Co., Ltd., Momentive Performance Materials Inc., Saint-Gobain, Showa Denko K.K., The 3M Company and ZYP Coatings Inc. among others
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