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Boron Nitride Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: July, 2022
No of Pages: 168
Delivery Format: PDF + Excel

$2,950.00

Market Overview

The hexagonal boron nitride (HBN) market was valued at approximately USD 700 million in 2021. It is expected to grow at a CAGR exceeding 4.75% over the forecast period (2022-2027).

Green building materials will be in demand due to the increasing demand for hexagonal boron nitride, a product of high-temperature coatings and paints. The negative impact of COVID-19 will impede the market’s growth.

The coatings/mold-release/spray segment dominated the market, which is expected to continue growing during the forecast period. These coatings are used in producing high-temperature protective release coatings that have the functionality of paints.

Due to the increasing demand for personal care products, manufacturers will have many opportunities shortly.

The market was dominated by Asia-Pacific, which saw the highest consumption from Japan and China.

boron nitride market

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Scope of the Report

The hexagonal boron-nitride market can be segmented according to type, application, geography, and other factors. The call can be divided into rods, tubes, powder, gaskets, plates, and different styles, based on their type. The market can be divided into coatings/mold releases/sprays, electrical insulation, composites, and industrial lubricants. Thermal spray, personal care, or other applications. The report includes forecasts and market sizes for 16 countries in the central regions. Each segment’s market size and estimates were calculated based on revenue (USD million).

Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East, Africa
Saudi Arabia
South Africa
Rest of Middle-East & Africa

Key Market Trends

Market Growth is expected to be driven by the Electrical Insulation Segment.

2D HBN has been regarded as an ideal material for many electronic applications. This includes 2D hBN substrates, 2D hBN-based gate dielectrics for graphene interconnects and transistors, and 2D hBN-based electronic packaging insulators. It is also the preferred material for emerging applications such as deep UV (DUV), optoelectronics, and electron emitters.

Due to an ever-increasing demand for mobile phones, portable computing devices, and gaming systems, the consumer electronics industry has seen rapid growth over the years.

By 2025, the Indian electronics market will be worth USD 400 billion. India is predicted to be the fifth-largest country in terms of consumer electronics and appliances by 2025. Technology transitions in India, such as the introduction of 4G/LTE networks or IoT (Internet of Things), drive electronics product adoption.

The electronics industry in North America, particularly the United States, is expected to expand at a moderate pace. The future market expansion will be supported by increased demand for technological products.

The fastest-growing segment of Asia-Pacific’s consumer electronics is found in the ASEAN region. The ASEAN region is home to electronics and electrical manufacturing. This sector accounts for 30% and 25% of total regional exports. Most global consumer electronics products such as radios, computers, and cellular phones are made and assembled in ASEAN.

Therefore, HBN demand is expected to increase with the growth of the electronics and electrical segment. The market growth is expected to be driven by the electrical insulation segment.

boron nitride market

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Market dominance is expected to be held by the Asia-Pacific Region.

Due to India and China’s presence, the Asia-Pacific market is expected to be the largest. This is mainly due to their high consumption of HBN due to growing demand from different applications.

China was the world’s largest consumer of personal care products in 2021 and is expected to maintain its dominance over the forecast period.

In 2021, the Chinese market for personal care products reached USD 26,831 million.

China is also the largest consumer and producer of lubricants in the current environment. China is a significant lubricant producer and consumer due to its extensive manufacturing activities in different sectors and rapid growth in the automotive and industrial sectors.

The Government of India has taken many steps to promote the Indian electronics manufacturing industry and exports. The Modified Special Incentive Package Scheme (M-SIPS) provides a 20-25% subsidy for capital expenditures to establish an electronic manufacturing facility. So far, 212 projects with investments over INR 551.82 million have been approved.

Segmentation

         By Type:

  • Hexagonal Boron Nitride (HBN)
  • Cubic boron nitride (CBN)
  • Wurtzite Boron Nitride (WBN)
  • By Application:
  • Lubricant
  • Abrasive
  • Semiconductor Devices
  • Plastic Additive
  • Electronics
  • Aerospace
  • Other

Major Players

  • 3M Company
  • Saint-Gobain
  • Ceradyne, Inc.
  • Momentive
  • H.C.Starck
  • UK Abrasives
  • Denka
  • Henze
  • Showa Denko Group
  • Shin-Etsu Chemical
  • Xinfukang
  • Qingzhou Fangyuan
  • DCEI
  • Zibo Jonye Ceramic Technologies
  • YingKou Liaobin
  • QingZhouMaTeKeChang Materials
  • Sandvik Hyperion
  • ESK Ceramics

Table of Content

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand for Hexagonal Boron Nitride from High-temperature Paints and Coatings

      2. 4.1.2 Increasing Demand from the Electrical and Electronics Sector

    2. 4.2 Restraints

      1. 4.2.1 Detrimental Impact of the COVID-19 Pandemic

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter’s Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Tubes

      2. 5.1.2 Rods

      3. 5.1.3 Powder

      4. 5.1.4 Gaskets

      5. 5.1.5 Plates and Sheets

      6. 5.1.6 Other Types

    2. 5.2 Application

      1. 5.2.1 Coatings/Mold Release/Spray

      2. 5.2.2 Electrical Insulation

      3. 5.2.3 Composites

      4. 5.2.4 Industrial Lubricants

      5. 5.2.5 Thermal Spray

      6. 5.2.6 Personal Care (Including Cosmetics)

      7. 5.2.7 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

      1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

      2. 6.2 Market Share(%)**/ Ranking Analysis

      3. 6.3 Strategies Adopted by Leading Players

      4. 6.4 Company Profiles

        1. 6.4.1 3M

        2. 6.4.2 American Elements

        3. 6.4.3 Denka Company Limited

        4. 6.4.4 Henze Boron Nitride Products AG

        5. 6.4.5 Höganäs AB

        6. 6.4.6 Kennametal Inc.

        7. 6.4.7 Mizushima Ferroalloy Co. Ltd

        8. 6.4.8 UK Abrasives

        9. 6.4.9 Saint-Gobain

        10. 6.4.10 SHOWA DENKO K.K.

        11. 6.4.11 GrollTex Inc

        12. 6.4.12 Momentive

        13. 6.4.13 ZIBO SINYO NITRIDE MATERIALS CO. LTD

        14. 6.4.14 ZYP Coatings Inc.

    *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Demand from the Personal Care Sector Due to Requirements in Skincare Products

Segmentation

By Type:

  • Hexagonal Boron Nitride (HBN)
  • Cubic boron nitride (CBN)
  • Wurtzite Boron Nitride (WBN)
  • By Application:
  • Lubricant
  • Abrasive
  • Semiconductor Devices
  • Plastic Additive
  • Electronics
  • Aerospace
  • Other

Major Companies

  • 3M Company
  • Saint-Gobain
  • Ceradyne, Inc.
  • Momentive
  • H.C.Starck
  • UK Abrasives
  • Denka
  • Henze
  • Showa Denko Group
  • Shin-Etsu Chemical
  • Xinfukang
  • Qingzhou Fangyuan
  • DCEI
  • Zibo Jonye Ceramic Technologies
  • YingKou Liaobin
  • QingZhouMaTeKeChang Materials
  • Sandvik Hyperion
  • ESK Ceramics

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