Hexagonal Boron Nitride Powder Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Hexagonal Boron Nitride Powder Market is segmented By Application (Coatings & mold release, Electrical Insulation, others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Hexagonal Boron Nitride Powder Market Overview

180 pages report analyses the Global hexagonal boron nitride powder market shares, recent trends, competitive intelligence and future market outlook. The market is poised to grow at a CAGR of 4 % until 2030. Rising demand for Electrical Insulation Segment Drives the Market Growth. The Competitive rivalry intensifies with 3M, American Elements, Denka Company Limited, Henze Boron Nitride Products AG, Höganäs AB, Kennametal Inc. and others operating in the market.

Boron nitride is a refractory compound of nitrogen and boron. It occurs in numerous crystalline forms. The electronic structure or number of electrons of these forms is similar to that of the electrical insulation lattice. Boron nitride is non-toxic and a bad conductor of heat and electricity. It is an excellent substitute for lubricants (such as organic waxes and oils, molybdenum disulfide, and graphite) in metal processing. In a number of cases, boron nitride significantly improves the effectiveness of these applications. Hexagonal boron nitride (h-BN) is a synthetic material with has properties similar to graphite and is sometimes known as white graphite.

The hexagonal form of boron nitride is one of its key crystalline forms. Hexagonal boron nitride is a very stable and soft boron nitride polymorph. Hexagonal boron nitride exhibits excellent lubricating properties on account of the low coefficient of friction. It has some other properties including excellent chemical inertness, thermal conductor, electrical insulator, high load-bearing properties, high-temperature stability, among others. Due to the beneficial properties of hexagonal boron nitride, it finds wide usage in various applications such as coatings and mold release, electrical insulator, lubrication, composites and others. High-performance h-BN coatings exhibit a unique high-temperature binder, resulting in a lubricating, thermally conductive, temperature resistant coating. Due to excellent lubricity, h-BN is also used as mold release agent for metal injection and plastic injection molds.

Hexagonal Boron Nitride Powder Market - Strategic Insights

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Hexagonal Boron Nitride Powder Market Dynamics

The global hezagonal-boron nitride powder market is anticipated to witness significant growth as H-BN performs better in high-temperature applications than its substitutes as it has high thermal stability and good electrical insulation properties. This has increased the demand for H-BN powder for the coatings & mold release application. The high cost of the H-BN powder relative to its substitutes is a restraint for the global h-BN powder market. Furthermore, the growing demand for thermal conductive polymer will imply the demand growth for the hexagonal boron nitride market. However, the high cost of hexagonal boron nitride powder is likely to restrain the hexagonal boron nitride market growth. Although, surging demand for hexagonal boron nitride coatings for clearance control in the aerospace & defence sector is expected to create lucrative opportunities for the market players. Rising public interest towards sustainable and environment-friendly products is further expected to improve the overall market demand for Hexagonal-Boron Nitride Powder (h-BN) during the review period. Surging demand from the personal care sector, owing to requirements in skincare products., is likely to spur the market growth of Hexagonal-Boron Nitride Powder (h-BN).

Electrical Insulation Segment to Drive the Market Growth

Due to electronic devices with high power and intelligence, the storage of heat has become a major concern. The overheating problem of electronic devices can be addressed by extremely thermal conductive and electrically insulating polymeric coatings & mould releases. Hexagonal boron nitride has excellent electrical resistant properties, even in high-temperature conditions, and maintains its lubricating capability. It has high electrical insulation and high-temperature voltage resistance and no permittivity changes and dielectric loss up to the high-frequency region.

Growing demand in various businesses

Escalating trade from the individual care division, due to surging demand in skincare commodities. The amount of hexagonal boron nitride powder is huge as correlated with the accessible alternative replacements. This is an influential constraint in the hexagonal-boron nitride powder industry. The hexagonal-boron nitride powder is favoured above the others owing to its excellent administration at immense temperatures which serve as the opportunity for the market growth expected to augment the coatings & mold release fibers and speciality fibers demand over the forecast period.

Increase in the demand for cosmetics product

The cosmetics and personal care sector is one of the fastest-growing sectors in the country. Consumers in the country prefer multifunctional products. Furthermore, there has been a significant increase in awareness for skincare products, especially among men. The baby skincare products segment has been witnessing rapid growth. A wide variety of industries, such as makeup, skincare, haircare, personal hygiene, and fragrances has experienced significant growth in the market.

COVID-19 Impact Analysis on Hexagonal Boron Nitride Powder Market Growth

The rapid spread of coronavirus has had a major impact on global markets as major economies of the world are completely lockdown due to this pandemic. Because of this major lockdown, suddenly all the consumer market has started to show zero interest in purchasing any goods. One of the major difficulties the market is facing is the shutdown of all kinds of transportation. A global crisis for all sectors including shipping, which was hit by slowing demand in goods’ production and exports had slowed down the market for the global hezagonal-boron nitride powder market.

Hexagonal Boron Nitride Powder Market Segment Analysis

Based on the application, the global hexagonal-boron nitride powder market has been classified as coatings & mold release, electrical insulation and others.

Coatings & mold release application is accounted for the highest share during the forecasting period

The coatings & mold release application accounted for the largest share of the overall H-BN powder market and is expected to continue to do so throughout the forecast period. The H-BN powder is used for coatings, die-casting and mold release as it exhibits excellent thermal stability which enables efficient operations at high temperatures. Companies are carrying out intense research & development activities to innovate and develop new products which can open new avenues of applications. This coating is effective for creating a high-temperature protective release coating, to form a barrier layer in between the dissimilar materials, or as a high-performance lubricant on wear parts. This type of coating comes in the form of a thick liquid that can be brushed to make its consistency more appropriate for spraying or dipping. By combining hexagonal boron nitrides’ superior properties of excellent lubricating abilities, high thermal conductivity, and low electrical conductivity with the functionality of paint, the coating provides unsurpassed performance as an anti-stick release agent and lubricant in an incredibly convenient form.

A staggering increase in the demand for smartphones has also created a surging demand for semiconductors and as Hexagonal-Boron Nitride Powder (h-BN) is also used in semiconductors, it drives the product consumption. So, the Hexagonal-Boron Nitride Powder (h-BN) market will also grow with the increasing demand od smartphones. Countries in APAC such as China & India are the lucrative markets for smartphones, as in the past few years, these economies have witnessed a rising interest in importing and exporting smartphones, which has further led to the growth of the Hexagonal-Boron Nitride Powder (h-BN) market.

Hexagonal-Boron Nitride Powder Market Geographical Share

Based on geography, the study analyzes the global hexagonal-boron nitride powder market in the global market, including Europe, Asia-Pacific, North America, South America, and the Middle East & Africa.

Asia-pacific  leads the Global Hexagonal-Boron Nitride Powder Market throughout the forecast period

APAC is estimated to be the largest market in the hexagonal-boron nitride powder market owing to the growing economies such as China, which is one of the largest consumers of personal care products. Also, China is the largest consumer of lubricants and greases in the current scenario. The vast manufacturing activities pertaining to different sectors and the rapid growth in the industrial and automotive sectors have pushed the country to stand among the major lubricant consumers and producers in the global landscape. China has the world’s largest electronics production base. Electronic products, such as smartphones, TVs, wires, cables, portable computing devices, gaming systems, and other personal electronic devices, recorded the highest growth in the electronics segment. The country serves not only domestic demand for electronics but also exports electronic output to other countries.

Hexagonal-Boron Nitride Powder Market Companies and Competitive Landscape

The global hexagonal-boron nitride powder market is highly competitive. The key players in the global hexagonal-boron nitride powder market which are contributing to the growth of the global market include  3M, American Elements, Denka Company Limited, Henze Boron Nitride Products AG, Höganäs AB, Kennametal Inc., Mizushima Ferroalloy Co. Ltd, UK Abrasives, Saint-Gobain, SHOWA DENKO K.K., GrollTex Inc, Momentive, ZIBO SINYO NITRIDE MATERIALS CO., LTD.ZYP Coatings, Inc. and others.

3M Company 

Overview: The 3M Company is an American multinational conglomerate corporation operating in the fields of industry, worker safety, US health care, and consumer goods. The company produces over 60,000 products under several brands, including adhesives, abrasives, laminates, passive fire protection, personal protective equipment, window films, paint protection films, dental and orthodontic products, electrical and electronic connecting and insulating materials, medical products, car-care products, electronic circuits, healthcare software and optical films. It is based in Maplewood, a suburb of Saint Paul, Minnesota

Product Portfolio: 3M Company offers adhesives, abrasives, laminates, passive fire protection, personal protective equipment and others.

Why Purchase the Report?

• Visualize the global hexagonal-boron nitride powder market segmentation composition by application and region, highlighting the critical commercial assets and players.
• Identify commercial opportunities in the global hexagonal-boron nitride powder market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of the global hexagonal-boron nitride powder market - level 2 segmentation.
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• Product mapping in excel for the key product of all major market players

The Global Hexagonal-Boron Nitride Powder Market report would provide access to an approx. 39 market data table, 33  figures and 180 pages.

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