Hexagonal Boron Nitride Market Expected USD 1079.61 million Growth by 2026

Hexagonal Boron Nitride Market is expected to rise from its initial estimated value of USD 690.28 million in 2018 to an estimated value of USD 1079.61 million by 2026, registering a CAGR of 5.75% in the forecast period of 2019-2026. This rise in market value can be attributed to the increase in demand for the product from the various applicable sectors and industries.

Key Insights in the report:
• Complete and distinct analysis of the market drivers and restraints
• Key Market players involved in this industry
• Detailed analysis of the Market Segmentation
• Competitive analysis of the key players involved

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The most stable crystalline form is the hexagonal one, also called h-BN, α-BN, g-BN, and graphitic boron nitride. Hexagonal boron nitride (point group = D6h; space group = P63/mmc) has a layered structure similar to graphite. Within each layer, boron and nitrogen atoms are bound by strong covalent bonds, whereas the layers are held together by weak van der Waals forces. The interlayer "registry" of these sheets differs, however, from the pattern seen for graphite, because the atoms are eclipsed, with boron atoms lying over and above nitrogen atoms. This registry reflects the polarity of the B–N bonds. Still, h-BN and graphite are very close neighbors and even the BC6N hybrids have been synthesized where carbon substitutes for some B and N atoms

Key Market Competitors: Global Hexagonal Boron Nitride Market
• 3M
• American Elements
• Denka Company Limited
• H.C. Starck GmbH
• Henze Boron Nitride Products AG
• Kennametal
• MIZUSHIMA FERROALLOY CO. LTD.
• UK Abrasives Inc
• Saint-Gobain
• SHOWA DENKO K.K.
• Grolltex Inc
• Momentive
• ZIBO SINYO NITRIDE MATERIALS
• ZYP Coatings
• OC Oerlikon
• Qinhuangdao Eno High-Tech Material Development CO. LTD
• Shin-Etsu Chemical Co. Ltd

Market Drivers:
• Increasing demand from various end-use industries due to the varied and effective characteristics of the product as compared to its alternatives is expected to drive the market growth
• Growth of the personal care and increased applications from the paints and coatings industry is also expected to drive the market growth

Market Restraints:
• High production and end-use costs of the products is expected to act as a restraint to the market growth
• Availability of cheaper alternatives is also expected to act as a restraint to the market growth

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Key Developments in the Market:
In October 2017, SHOWA DENKO K.K. announced the completion of its acquisition of SGL CARBON SE. Through this acquisition SHOWA DENKO have achieved graphite electrode production centers in various regions, which are expected to increase their cost efficiency and help in achieving a greater market share.

Segmentation: Global Hexagonal Boron Nitride Market
• By Classification
o Premium Grade
o Standard Grade
o Custom Grade
• By Type
o Tubes
o Rods
o Powder
o Gaskets
o Plates & Sheets
o Others
• By Application
o Coatings/Mold Release/Spray
o Electrical Insulation
o Composites
o Industrial Lubricants
o Thermal Spray
o Personal Care
o Others
• By End-Users
o Aerospace
o Automotive
o Semiconductors & Electronics
o Others
• By Geography
o North America
…And More GET DETAILED TOC AT: https://databridgemarketresearch.com/toc/?dbmr=global-hexagonal-boron-nitride-market

Hexagonal boron nitride is a type of chemical compound available as a commercially available form of boron nitride. Boron nitride can be defined as a chemical that has high chemical and thermal stability, such as high rate of thermal transmission, and helps in achieving high levels of lubrication in the areas it is applied to.

Global hexagonal boron nitride market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of hexagonal boron nitride market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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