Press release
Boron Nitride Market: Industry Size, Share, Growth, Forecasts 2017 - 2025
The objectives of this study are as follows:
To define, describe, and forecast the "Boron Nitride" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Boron nitride is an inorganic compound with a flat, hexagonal crystal similar to graphite, but with carbon atoms replaced by boron and nitrogen atoms. Chemical formula of boron nitride is BN. Boron nitride can also be in cubic form, wherein alternately linked boron and nitrogen atoms form a tetrahedral bond network similar to carbon atoms in diamond. Cubic boron nitride, c-BN, is the second hardest material after diamond; however, it does not chemically wear in the presence of graphite and/or carbide forming elements. Cubic boron nitride has high thermal conductivity, excellent wear resistance, and good chemical inertness. These are useful properties for a material subjected to extreme conditions. Cubic boron nitride is used as an abrasive and wear-resistant coating owing to its hardness, chemical inertness, and high melting temperature.
Cubic boron nitride market and materials can be tailored according to the needs of end-users. This is a key advantage of cubic boron nitride. Boron nitride is widely used in the advanced ceramic industry. Advancement in nanotechnology is leading to development of innovative products of boron nitride such as boron nitride nanotubes, boron nitride nanosheets, and boron nitride nanomesh. These new products are anticipated to be used in technologically advanced end-use products. This os estimated to drive the demand for boron nitride market in the near future. However, these technologically advanced products are costly and out of the reach of common people. Boron nitride reportedly exhibits weak fibrogenic activity. It also reportedly causes pneumoconiosis when inhaled in particulate form. These are the restraints of the boron nitride market.
Based on chemical structure, the boron nitride market can be classified into amorphous form (a-BN), hexagonal form (h-BN), cubic form (c-BN), and wurtzite form (w-BN). a-BN is a non-crystalline and lacks long-distance regularity in the arrangement of atoms. It is similar to amorphous carbon. Hexagonal boron nitride is a white slippery solid with a layered structure, physically similar to graphite. Hexagonal boron nitride can be incorporated in ceramics, alloys, resins, plastics, and rubbers to give them self-lubricating properties. It is a widely used boron nitride. Cubic boron nitride is extremely hard and can even make scratches on diamond. w-BN possesses properties such as high hardness, high thermal expansion, high thermal conductivity, and good thermal and chemical stability.
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In terms of application, the boron nitride market can be divided into technical ceramics, lubricant additives, thermal fillers, mechanical tools, cosmetic powder, and coatings. Various applications of boron nitride market are being explored in different industries. Boron nitride is widely used in technical ceramics and coating industries. Boron nitride is reported to function in cosmetics as a slip modifier. It is listed in the European Union inventory of cosmetic ingredients. c-BN is widely used in the production of mechanical tools.
Based on geography, the boron nitride market can be segregated into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Europe, Asia Pacific, and North America are the major regions of the boron nitride market. Asia Pacific is expected to emerge as the leading region of the boron nitride market during the forecast period. Latin America and Middle East & Africa offer significant potential to the boron nitride market.
Key players operating in the boron nitride market are 3M, Showa Denko K. K., Denka Company Limited, Saint-Gobain Ceramic Materials, NanoDiamond Products DAC, Momentive Performance Materials Inc., Kennametal Inc., and Henze Boron Nitride Products AG.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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