LONDON–(BUSINESS WIRE)–The global hexagonal boron nitride market size is expected to grow by USD 237.86 million during 2020-2024, progressing at a CAGR of almost 6% during the forecast period.
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The demand from the electronics and metallurgy sector is one of the major factors propelling market growth. However, factors such as the high cost of hexagonal boron nitride will hamper the market growth.
Hexagonal boron nitride powder offers superior dielectric strength and thermal conductivity when it is used as fillers in polymers that are used in electronics applications. The intrinsic properties of boron nitride, including high oxidation resistance, chemical inertness, corrosion resistance, and high-temperature resistance, will increase the use of boron nitride in metal processing applications.
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Global Hexagonal Boron Nitride Market: End-user Landscape
Hexagonal boron nitride is mainly used in thermal coating and lubricants in the automotive industry. The increasing demand for automobiles in developing countries in APAC and changing customer preference toward advanced automobiles in both developing and developing countries will drive the market growth in the segment during the forecast period. Therefore, the hexagonal boron nitride market share growth by the automotive segment will be significant during the forecast period.
Global Hexagonal Boron Nitride Market: Geographic Landscape
APAC was the largest hexagonal boron nitride market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as the increase in the consumption of hexagonal boron nitride in growing end-user segments such as coatings, lubricants, mold release agents, and electrical insulation will significantly drive hexagonal boron nitride market growth in this region over the forecast period. 38% of the market’s growth will originate from APAC during the forecast period. China, South Korea (Republic of Korea), and India are the key markets for hexagonal boron nitride in APAC. Market growth in this region will be faster than the growth of the market in other regions.
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Companies Covered
- 3M Co.
- American Elements
- Compagnie de Saint-Gobain SA
- Denka Co. Ltd.
- HC Starck GmbH
- Henze Boron Nitride Products AG
- Hoganas AB
- Kennametal Inc.
- Mizushima Ferroalloy Co. Ltd.
-
SHOWA DENKO K.K.
What our reports offer:
- Market share assessments for the regional and country-level segments
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- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
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Hexagonal Boron Nitride Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist in hexagonal boron nitride market growth during the next five years
- Estimation of the hexagonal boron nitride market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the hexagonal boron nitride market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of the hexagonal boron nitride market, vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Coatings and mold release agents – Market size and forecast 2019-2024
- Electrical insulation – Market size and forecast 2019-2024
- Lubricants – Market size and forecast 2019-2024
- Refractory – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by Application
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Automotive – Market size and forecast 2019-2024
- Aerospace – Market size and forecast 2019-2024
- Electronics – Market size and forecast 2019-2024
- Metallurgy – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by End-user
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
- Competitive scenario
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 3M Co.
- American Elements
- Compagnie de Saint-Gobain SA
- Denka Co. Ltd.
- HC Starck GmbH
- Henze Boron Nitride Products AG
- Hoganas AB
- Kennametal Inc.
- Mizushima Ferroalloy Co. Ltd.
- SHOWA DENKO K.K.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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