Hexagonal Boron Nitride Powder Factors are Affecting Growth and Demand of Industry

 Global Hexagonal Boron Nitride Powder Market, By Application (Coatings/Mold Release/Spray, Electrical Insulation, Composites, Industrial Lubricants, Thermal Spray, Personal Care, Others), Type (Tubes, Rods, Powder, Gaskets, Plates and Sheets, Others), Classification (Premium Grade, Standard Grade, Custom Grade), End-User (Aerospace, Automotive, Semiconductors and Electronics, Others) – Industry Trends and Forecast to 2029

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Market Analysis and Size

As demand for mobile phones, portable computers, gaming consoles, and other personal electronic gadgets has been steadily rising over the years, the consumer electronics business has been expanding quickly around the globe. For instance, by 2025, the Indian electronics market is anticipated to grow to $400 billion. The popularity of electronics items in India is being fueled by technological advancements like the deployment of 4G/LTE networks and the internet of things (IoT). Consequently, with the expansion of the electrical and electronics sector, the market is also projected to have an accelerated growth.

Global hexagonal boron nitride powder market was valued at USD 2304.44 million in 2021 and is expected to reach USD 3456.94 million by 2029, registering a CAGR of 5.20% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Market Definition

An isostructural layered substance called hexagonal boron nitride (h-BN) possesses characteristics that are comparable to those of graphite but more unusual. Hexagonal boron nitride powder is basically a powder form of hexagonal boron nitride. It is a widely used material due to its outstanding thermal stability, mechanical strength, chemical inertness, and lubricious qualities.

COVID-19 Impact on Hexagonal Boron Nitride Powder Market

Global markets have been significantly impacted by the coronavirus' quick spread since key economies throughout the world are currently on complete lockdown as a result of the epidemic. Due to this severe lockout, the consumer market has suddenly stopped showing any desire to make any purchases. These aforementioned determinants weighed on the market's revenue trajectory.  All forms of international transit have been shut down, which is one of the biggest problems the market is currently experiencing. The global crisis slowed down the market for hexagonal-Boron Nitride Powder, which affected all industries, including paints and coatings (h-BN).

Recent Development

• In December 2020, a novel, intricate industrial-grade reactor for graphene and hexagonal boron nitride (hBN), producing 200 mm epi-wafers, has been developed, produced, and installed by AIXTRON. The innovative CVD tool was developed as a component of the GIMMIK research project and has just started using. In order to identify weak points and develop strategies to get rid of error sources, the GIMMIK project intends to evaluate the manufacture of graphene layers under industrial settings.
• In August 2020, Researchers from Cornell University recently created a tiny magnetic field sensor that can operate over a wider temperature range than previous sensors by sandwiching ultrathin graphene and hexagonal boron nitride together. This sensor can detect minute changes in magnetic fields that would otherwise be lost in a larger magnetic environment. In Nowack's lab, scanning probe management for magnetic imaging is the main focus. Superconducting quantum interference device, or SQUID, is one of their go-to probes that performs well in low temperatures and weak magnetic fields.

Global Hexagonal Boron Nitride Powder Market Scope

The hexagonal boron nitride powder market is segmented on the basis of application, type, classification and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Application

• Coatings/Mold Release/Spray
• Electrical Insulation
• Composites
• Industrial Lubricants
• Thermal Spray
• Personal Care
• Others

 Type

• Tubes
• Rods
• Powder
• Gaskets
• Plates and Sheets
• Others

Classification

• Premium Grade
• Standard Grade
• Custom Grade

 End-User

• Aerospace
• Automotive
• Semiconductors and Electronics
• Others

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Hexagonal Boron Nitride Powder Market Regional Analysis/Insights

The hexagonal boron nitride powder market is analyzed and market size insights and trends are provided by country, application, type, classification and end-user as referenced above.

The countries covered in the hexagonal boron nitride powder market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high adoption in the medical field within the region.

Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the growth in the electronics industry in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

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Competitive Landscape and Hexagonal Boron Nitride Powder Market Share Analysis

The hexagonal boron nitride powder market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hexagonal boron nitride powder market.

Some of the major players operating in the hexagonal boron nitride powder market are

• Rio Tinto (U.S.)
• Searles Valley Minerals (U.S)
• Yara International (Norway)
• CF Industries Holdings, Inc. (U.S.)
• Eti Maden (Turkey)
• RaGrow AG. (Russia)
• DALIAN JINMA BORON TECHNOLOGY GROUP CO., LTD  (China)
• Dashiqiao Huaxin Chemical Co., Ltd. (China)
• Saint-Gobain (France)
• 3M (U.S.)
• Denka Company Limited (Japan)
• Showa Denko K.K. (Japan)
• Kennametal Inc. (U.S.)
• Momentive (U.S.)
• H.C. Starck Tungsten GmbH (Germany)
• Mizushima Ferroalloy Division. (Japan)
• ZYP Coatings, Inc. (U.S.)
• Henze-bnp (Germany)

Hexagonal Boron Nitride Powder Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Implementation of Stringent Regulations

• The market demand for hexagonal-boron nitride powder (h-BN) is expected to rise over the forecast period as a result of the implementation of strict government laws about infrastructure or construction. The Pradhan Mantri Awas Yojana (Urban) Mission, established by the Indian government on June 25, 2015, aims to provide homes for everyone in urban areas by the year 2022. The Mission provides Central Assistance to the implementing agencies via States/Union Territories (UTs) and Central Nodal Agencies (CNAs) in order to provide homes to all eligible families and beneficiaries in response to the verified housing need of around 1.12 crore. Hexagonal-Boron Nitride Powder (h-BN) is anticipated to rise in the forecast year as a result of the market demand for paints and coatings.

• Increased Requirement of Electrical Insulation Segment

• The consumer electronics business has been expanding quickly globally over the years due to the continually rising demand for mobile phones, portable computers, gaming consoles, and other personal electronic gadgets. For a number of electronic applications, such as 2D hBN-based substrates, gate dielectrics for graphene transistors and interconnects, and electronic packaging insulators, the 2D HBN has been regarded as the ideal material. Emerging applications, including deep UV (DUV) optoelectronics, electron emitters, and neutron detectors also seem to favour it as their preferred material. Consequently, the demand for hexagonal boron nitride is anticipated to increase over the projected period along with the expansion of the electrical and electronics sector, and the electrical insulation segment is anticipated to lead the market growth.

• High Demand Across End Users

• Throughout the forecast period, the beauty and personal care industry will continue to be a significant end-user of hexagonal boron nitride. Due to its adaptive qualities, the material is used for several additional industrial processes, including the production of electrical goods and metal processing.

• Beneficial Properties Of Hexagonal Boron Nitride Powder

• The market for hexagonal boron nitride powder is expected to grow as a result of notable qualities including chemical inertness, high thermal conductivity, high electrical resistance, and lubricity. These characteristics are crucial in the market expansion for hexagonal boron nitride features. They raise its competitiveness against its substitute, graphite, driving rising demand for hexagonal boron nitride powder.

  Furthermore, the increasing need for high-warmth varnishes and films as well as rising demands from the electric and microelectronics domains are significant variables encouraging the trade under consideration. Growing trade from the personal care sector as a result of increased demand for skincare products. The growing consumer electronics market, rising disposable incomes around the world, and the rapidly expanding personal care industry will reveal new applications for hexagonal boron nitride powder.

  Opportunities

• Advancements and Capacity Expansion

• Furthermore, the developments and advancements seen in process and products by the market players further enhance the applications of product, extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the capacity expansion and migration of cosmetic manufacturers will further expand the future growth of the hexagonal boron nitride powder market.

  Restraints/Challenges

• Availability of Substitutes

• The volume of hexagonal-boron nitride powder is enormous when compared to the available substitutes. This restraint has a significant impact on the hexagonal-boron nitride powder market.

• High Cost

The high cost of hexagonal boron nitride powder compared to the alternatives used in various applications will prove to be a demerit for the hexagonal boron nitride powder market. Therefore, this factor will challenge the hexagonal boron nitride powder market growth rate.

This hexagonal boron nitride powder market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hexagonal boron nitride powder market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

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