Global Hexagonal Boron Nitride Market, By Product Type (Tubes, Rods, Powder, Gaskets, Plates and Sheets, Others), Application (Coatings/Mold Release/Spray, Electrical Insulation, Composites, Industrial Lubricants, Thermal Spray, Personal Care, Others), End Users (Aerospace, Automotive, Semiconductors and Electronics, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Hexagonal Boron Nitride Market
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.
Hexagonal boron nitride is generally used for various applications such as electrical insulation, coatings, high-temperature lubricant, and others, owing to its exceptional thermal and chemical constancy.
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. Beside this, the growing demand for product in various applications such as coatings and mold release is also flourishing the growth of the hexagonal boron nitride market. However, the high cost of hexagonal boron nitride and strong presence of alternates may act as key restraint towards hexagonal boron nitride market growth rate in the forecast period of 2021 to 2028, whereas the lack of awareness on the advantages of hexagonal boron nitride have the potential to challenge the growth of the hexagonal boron nitride market in the above mentioned forecast period.
Furthermore, the growing demand for high thermal conductive polymer materials and coatings for clearance control application in aerospace and defense industries will further offer a variety of growth opportunities for the hexagonal boron nitride market in the above mentioned forecast period.
This hexagonal boron nitride market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on hexagonal boron nitride market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Hexagonal Boron Nitride Market Scope and Market Size
Hexagonal boron nitride market is segmented on the basis of product type, application and end users. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product type, the hexagonal boron nitride market is segmented into tubes, rods, powder, gaskets, plates and sheets and others.
- Based on application, the hexagonal boron nitride market is segmented into coatings/mold release/spray, electrical insulation, composites, industrial lubricants, thermal spray, personal care and others.
- The end users segment for hexagonal boron nitride market is segmented into aerospace, automotive, semiconductors and electronics and others.
Hexagonal Boron Nitride Market Country Level Analysis
Hexagonal boron nitride market is analyzed and market size, volume information is provided by country, product type, application and end users as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the hexagonal boron nitride market because of the rising demand for product in various applications such as coatings and mold release and electrical insulation and strong presence of key players within this region. North America is expected to expand at a significant growth of the over the forecast of 2021 to 2028 due to increasing demand from countries within this particular region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Hexagonal Boron Nitride Market Share Analysis
Hexagonal boron nitride market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to hexagonal boron nitride market.
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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