Market Research Future published a Half Cooked Research Report on Hexagonal Boron Nitride Market. The Global Hexagonal Boron Nitride Market is projected to cross USD 825 Million in 2022, at a CAGR of approximately 5.5% in the forecasted period.
Boron Nitride is a chemical compound with a high chemical and thermal stability. Hexagonal Boron Nitride is an environmental friendly powder with superior lubrication. Coating and Molding contributes largest to the market share in terms of application.
Electronics and Metallurgy industries extensively use this powder. Furthermore, the compound in powder form is used in composites as replacement parts for areas in which high oxidation, longer life and much lower erosion rates are required in replacement parts such as vents, plates and stacks. Asia- Pacific region is the largest and the fastest growing market due to the high demand from the countries like Japan, China and India.
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Market Research Analysis
The market is highly application based. The key factor contributing to the growth of the global hexagonal boron nitride market is the increasing demand from electronics and metallurgy industries. The global hexagonal boron nitride market is expected to have higher growth rate as compared to the previous years. The share is attributed to the growth of industry, especially from the regions of Japan, India and China. The Asia-Pacific region is the largest and fastest growing region for the hexagonal boron nitride market, followed by North America and Europe. The main reasons for the growth in the region include increasing disposable income, changing lifestyle, increasing demand for electronics.
Access the market data and market information presented through more than 85 market data tables and figures spread in 118 numbers of pages of the project report “Global Hexagonal Boron Nitride Market”
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The key players of global hexagonal boron nitride market include:
- Dalian Jinma Boron Technology Group Inc.
- 3M Company
- Denka Company ltd.
- Showa Denko K.K.
- Kennametal Inc.
- Momentive Performance Materials Inc.
- HC Starck GmbH
- Mizushima Ferroalloy Co. Ltd.
- ZYP Coatings
- Henze Boron Nitride Products AG.
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Scope of the Report
This study provides an overview of the global hexagonal boron nitride industry, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the market as application and end-use industries. On the basis of application it is segmented as Coatings & Mold Release, Metal Processing, Refractory, Electrical Insulation, Lubrication-Industrial and others. On the basis of end-use industries it is widely used in Automotive, Aerospace, Electronics, Personal Care, Metallurgy and others.
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