Press release
2021-2028 Hexagonal boron nitride market Size is Projected to Accelerate at An Impressive Rate of CAGR of 5.75%.
Hexagonal boron nitride market size is valued at USD 297.46 million by 2028 and is expected to grow at a compound annual growth rate of 5.75% for the forecast period of 2021 to 2028. Data Bridge Market Research report on hexagonal boron nitride market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market's growth.
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Market Overview:
The increasing demand for thermal conductive and electrically insulating plastic components has highly influenced growth of the hexagonal boron nitride market. In line with this, the high demand hexagonal boron nitride due to its properties such as thermal and chemical stability hexagonal boron nitride oxide is largely used for high temperature operations in coatings and lubrication, are also acting as a key determinant favoring the growth of the hexagonal boron nitride market over the forecast period of 2021 to 2028. Also the, growing demand from various end-use industries owing to the varied and effective characteristics of the product as compared to its alternatives is also positively impacting the growth of the hexagonal boron nitride market. The major factor accountable for the growth of the market is the growing oil and gas sector and nuclear industry applications
The major players covered in the hexagonal boron nitride market report are 3M, American Elements, Denka Company Limited, Saint-Gobain, Henze Boron Nitride Products AG, Kennametal Inc., MIZUSHIMA FERROALLOY CO. LTD., UK Abrasives, Inc., SHOWA DENKO K.K., Grolltex Inc, Momentive, INNOVACERA, A&D Company Ltd., ZIBO SINYO NITRIDE MATERIALS CO., LTD., ZYP Coatings, Inc., OC Oerlikon Management AG, DANDONG CHEMICAL ENGINEERING INSTITUTE CO., LTD., N.B. Enterprises, Supervac Industries LLP and Shin-Etsu Chemical Co. Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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