Hexagonal Boron Nitride Market Estimated to Experience a Hike in Growth by 2024- Persistence Market Research

Boron nitride is a chemical compound with a very high chemical and thermal stability. Hexagonal boron nitride is one of the two commercial forms of boron nitride also called as white graphite, since it has physical structure as graphite. Hexagonal boron nitride is an environmental friendly compound with superior lubrication. The molecular structure of hexagonal boron nitride offers great properties such as shock resistance, electrical insulation etc. It has industrial applications such as solid lubricant in turbo engines, as an additive in cosmetics such as eye shadows, foundation and other skin care products. Also, currently developed boron nitride technology for neutron detection by Texas Tech University opens a new application for hexagonal boron nitride semiconductors. It can detect neutron signals to recognize nuclear material and weapons. Also, hexagon boron nitride offers higher efficiency when compared to detectors with helium gas. The global hexagon boron nitride market is expected to grow during the forecast period.

The hexagonal boron nitride market is primarily driven by the increasing demand from electronics and metallurgy industries. Also, the growth of hexagonal boron nitride market is fueled by its superior lubrication

The global hexagonal boron nitride market is segmented on the basis of application and end user.

Regionally, the global hexagonal boron nitride market is divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. North America followed by Europe holds maximum share in the hexagonal boron nitride market in terms of consumption. The hexagonal boron nitride market penetration is expected to increase significantly in Asia Pacific since the major electrical and electronics companies has presence.

Some of the key players identified in the global hexagonal boron nitride market are Bortek Inc., Henze Boron Nitride Products AG, Saint-Gobain Ceramic Materials.

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