Hexagonal Boron Nitride Market Size, Demand, Major Players and Forecast by 2028

May 27, 2023

Industry Overview of Hexagonal Boron Nitride Market

Hexagonal boron nitride (HBN) refers to an isostructural layered ceramic and ecological material that is isostructural to graphite and has an atomic structure consisting of alternating boron and nitrogen atoms. It is commonly available in several types, including tubes, powder, rods, gaskets, plates, sheets, etc. These HBN products have outstanding thermal and mechanical properties, chemical inertness, lubricity, etc. They even exhibit high electric breakdown strength and resistivity. Consequently, HBN components find extensive applications across various sectors, such as electronics and electrical, personal care, coatings and lubricants, etc.

How Big Is the Hexagonal Boron Nitride Market?

According to the new market research report by IMARC Group the global hexagonal boron nitride (HBN) market reached a value of US$ 769.8 Million in 2022. It is projected to reach a value of US$ 991.0 Million by 2028, exhibiting a CAGR of 4.2% during 2023-2028.

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Global Hexagonal Boron Nitride Industry Trends and Drivers:

The expanding consumer electronics industry, on account of the escalating demand for cellular phones, portable computing devices, laptops, gaming systems, etc., among individuals, is primarily driving the hexagonal boron nitride (HBN) market. Additionally, the widespread adoption of this material to manufacture coolers and semiconductors is acting as another significant growth-inducing factor. Apart from this, the rising utilization of personal care and cosmetics products, owing to the increasing consumer consciousness towards health and appearance, and the development of two-dimensional or 2D materials for designing deep ultraviolet (DUV) optoelectronics, neutron detectors, electron emitters, etc., are also positively influencing the global market. Moreover, the inflating popularity of HBN in formulating high-temperature protective release paints and coatings is further bolstering the market growth. Besides this, the introduction of smart devices and appliances integrated with the Internet of Things (IoT), Artificial Intelligence (AI), and other advanced technologies and extensive investments in R&D activities are expected to propel the hexagonal boron nitride (HBN) market over the forecasted period.

Key Market Segmentation:

The report provides detailed segmentation of the global hexagonal boron nitride market based on based on type and application and region.

Breakup by Type:

Breakup by Application:

Breakup by Region:

The report provides a comprehensive analysis of the industry key players listed below:

The Major Players in the market are Anest Iwata Corporation, Asahi Sunac Corporation, Castolin Eutectic, Graco Inc., Hydromer, IHI Corporation, J. Wagner GmbH, Larius S.r.l, Nordson Corporation, OC Oerlikon, Praxair Surface Technologies Inc. (Linde plc) and Samvardhana Motherson Group.

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