Hexagonal Boron Nitride Market Size, Trends, Report Overview 2023-2028

Industry Overview of Hexagonal Boron Nitride Market

Hexagonal boron nitride (HBN) is an eco-friendly material that shares a similar atomic structure with graphite. It is an isostructural layered ceramic with alternating boron and nitrogen atoms. HBN is available in various forms such as tubes, powder, rods, gaskets, plates, and sheets. These HBN products possess exceptional thermal and mechanical properties, chemical inertness, and lubricity. They also exhibit high electric breakdown strength and resistivity. Due to these properties, HBN components are extensively used in various sectors, including electronics and electrical, personal care, coatings, and lubricants.

How Big Is the Hexagonal Boron Nitride Market?

According to the new market research report by IMARC Group the global hexagonal boron nitride (HBN) market Size reached a value of US$ 769.8 Million in 2022. It is projected to reach a value of US$ 991.0 Million by 2028, exhibiting a CAGR of 4.2% during 2023-2028.

Global Hexagonal Boron Nitride Industry Trends and Drivers:

The demand for cellular phones, portable computing devices, laptops, gaming systems, and other consumer electronics is driving the hexagonal boron nitride (HBN) market. HBN’s adoption to manufacture coolers and semiconductors is another significant growth-inducing factor. HBN is also used in personal care and cosmetics products due to increasing consumer consciousness about health and appearance. The development of 2D materials for designing deep ultraviolet (DUV) optoelectronics, neutron detectors, electron emitters, etc., is also positively influencing the market. HBN’s increasing popularity in formulating high-temperature protective release paints and coatings is further boosting market growth. The introduction of smart devices and appliances integrated with advanced technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), and extensive investments in R&D activities are expected to drive the hexagonal boron nitride (HBN) market in the forecasted period.

Key Market Segmentation:

The report provides detailed segmentation of the global hexagonal boron nitride market based on based on type and application and region.

Breakup by Type:

• Tubes
• Rods
• Powder
• Gaskets
• Plates and Sheets
• Others

Breakup by Application:

• Coatings/Mold Release/Spray
• Electrical Insulation
• Composites
• Industrial Lubricants
• Thermal Spray
• Personal Care (Including Cosmetics)
• Others

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

The report provides a comprehensive analysis of the industry key players listed below:

The Major Players in the market are Anest Iwata Corporation, Asahi Sunac Corporation, Castolin Eutectic, Graco Inc., Hydromer, IHI Corporation, J. Wagner GmbH, Larius S.r.l, Nordson Corporation, OC Oerlikon, Praxair Surface Technologies Inc. (Linde plc) and Samvardhana Motherson Group.

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