Hexagonal Boron Nitride Market Worth USD 916.934 Million At 6.10% CAGR By 2023 | Worldwide Leading Players In-Depth Analysis | Saint-Gobain, 3M, Kennametal, H.C. Stark GmbH, Henze BNP AG, ZYP Coatings Inc., Denka Company Ltd.

Market Highlights:

The Hexagonal Boron Nitride Market is estimated to be valued at USD 916.934 million by the end of 2023, expanding at a CAGR of 6.10% during the forecast period. This is attributed to the increasing penetration of Hexagonal Boron Nitride across various industrial applications due to its superior properties, increasing demand from the personal care segment, and rising popularity in electronics & semiconductor industry among others.

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Application of Hexagonal Boron Nitride as coatings & mold release accounted for the largest share of the market on account of the superior properties of hexagonal boron nitride over its alternative; graphite. Cosmetics is the another substantial segment, which is growing at a highest CAGR, among the other applications of the Hexagonal Boron Nitride.

However, the only bottleneck in a growth trajectory of the Global Hexagonal Boron Nitrides Market is the price of hexagonal boron nitride is higher as compared to its alternatives. Nevertheless, increasing disposable income, rising use of consumer electronics, and capacity expansion by leading players in order to cater growing end uses of the product are some of the key opportunities anticipated to help boost the growth of the market during the review period.

Leading Key Players:

Key players of the Global Hexagonal Boron Nitride Market are; 3M, Saint-Gobain, Denka Company Ltd, Momentive Performance Materials Inc., Kennametal, H.C. Stark GmbH, Showa Denko K.K, Mizushima Ferroalloy Co., Ltd., Henze BNP AG, and ZYP Coatings Inc.

Regional Analysis:

Geographically, Asia Pacific region is the largest market for Hexagonal Boron Nitride Market, which is estimated to grow at highest CAGR of 6.99% during the review period. This is attributed to a strong footprint of Hexagonal Boron Nitride manufacturers along with the emerging industrial sector in the region are some of the market impetus factors fostering growth of Hexagonal Boron Nitride Market in the region. Moreover, the factors such as bolstering growth of personal care industry is expected to boost the demand for Hexagonal Boron Nitride in the region.

Based on revenue, North America market accounts for the second-largest market share for Hexagonal Boron Nitride and is estimated register USD 213,558.1 thousand mark by value till the end of 2023. This is primarily owing to the presence of leading manufacturers in the region with superior product offering. The North America is which is followed by European market, which held 19.30% share of the market in 2016.

Market Segmentation:

The Global Hexagonal Boron Nitride Market is segmented on the basis of adhesive types, application and region. On the basis of type, Global Hexagonal Boron Nitride Market is segmented into tubes, rods, plates, gaskets, crucibles, and sheets among others. Based on application, the market is segmented into electrical insulation, lubricants industrial, coatings & mold release, cosmetics, composites and thermal spray among others.

LIST OF FIGURES

FIGURE 1. Global Hexagonal Boron Nitride Market Segmentation

FIGURE 2. Forecast Methodology

FIGURE 3. Five Forces Analysis Of Hexagonal Boron Nitride Market

FIGURE 4. Value Chain Of Global Hexagonal Boron Nitride Market

FIGURE 5. Share Of Global Hexagonal Boron Nitride Market In 2014, By Country (In %)

FIGURE 6. Global Hexagonal Boron Nitride Market, 2015-2022, (USD Billion)

FIGURE 7. Sub-Segments Of Global Hexagonal Boron Nitride Market

FIGURE 8. Global Hexagonal Boron Nitride Market Size By Application

FIGURE 9. Share Of Coatings & Molds In Hexagonal Boron Nitride Market, 2012 To 2022

FIGURE 10. Share Of Electrical Insulation In Global Hexagonal Boron Nitride Market, 2012 To 2022

FIGURE 11. Share Of Metal Processing In Global Hexagonal Boron Nitride Market, 2012 To 2022

FIGURE 12. Share Of Refractory In Global Hexagonal Boron Nitride Market, 2012 To 2022

FIGURE 13. Share Of Lubrication Industrial In Global Hexagonal Boron Nitride Market, 2012 To 2022

FIGURE 14. Global Hexagonal Boron Nitride Market Size By End-Use

FIGURE 15. Share Of Automotive In Global Hexagonal Boron Nitride Market, 2012 To 2022

FIGURE 16. Share Of Aerospace In Global Hexagonal Boron Nitride Market, 2012 To 2022

FIGURE 17. Share Of Electronics In Global Hexagonal Boron Nitride Market, 2012 To 2022

FIGURE 18. Share Of Metallurgy In Global Hexagonal Boron Nitride Market, 2012 To 2022

FIGURE 19. Share Of Personal Care In Global Hexagonal Boron Nitride Market, 2012 To 2022

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