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Global Hexagonal Boron Nitride (HBN) Market Research Report:
According to the latest report by IMARC Group, titled “
Hexagonal Boron Nitride (HBN) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
” the global hexagonal boron nitride (HBN) market reached a strong growth in 2022.
Hexagonal boron nitride (hBN) is an isostructural layered ceramic material that is isostructural to graphite. The atomic structure of HBN consists of alternating boron and nitrogen atoms, and it is considered to be a non-toxic and ecological material. By nitriding or ammonalyzing boric oxide at elevated temperatures, hexagonal boron nitride powder can be synthesized. Despite its inert properties, hBN's chemical precursors can form interface compounds with reactive substrates at very high temperatures, especially if the hBN is formed at high temperatures. As a highly effective insulator with outstanding thermal and mechanical properties, chemical inertness, and lubricity, it finds widespread industrial applications. Consequently, it is extensively used as a diffuser and lubricant in cosmetics formulations, skincare and makeup products, and also as a vital component in the production of electronic and electrical products.
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The market is majorly driven by the escalating demand for numerous consumer and motorized electronics, such as cellular phones, portable computing devices, and gaming systems, among the masses. This can be attributed to the growing adoption of hBN in the manufacturing of coolers and semiconductors and numerous electronic parts and components. In addition to this, a considerable rise in the sales of personal care and cosmetics products is impacting the market positively. Moreover, the widespread adoption of hBN in formulating high-temperature protective release coatings and paints is providing an impetus to the market. Besides this, the rapid product utilization in emerging applications, such as deep UV (DUV) optoelectronics, neutron detectors, and electron emitters, are creating a positive outlook for the market. Some of the other factors that are contributing to the market growth include rapid urbanization and industrialization, the increasing sales of smart devices and appliances, the introduction of valueadded product variants, continual technological advancements and extensive research and development (R&D) activities.
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
Market Summary:
Breakup by Type:
• Tubes
• Rods
• Powder
• Gaskets
• Plates and Sheets
• Others
Breakup by Application:
• Coatings/Mold Release/Spray
• Electrical Insulation
• Composites
• Industrial Lubricants
• Thermal Spray
• Personal Care (Including Cosmetics)
• Others
Breakup by Region:
• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others
• Latin America
• Brazil
• Mexico
• Others
• Middle East and Africa
Note: We are updating our reports, If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report.
Competitive Landscape with Key Players:
American Elements
Compagnie de Saint-Gobain S.A.
Denka Company Limited
Grolltex Inc
Henze Boron Nitride Products AG
Höganäs AB
Kennametal Inc.
Showa Denko K.K
Supervac Industries LLP
UK Abrasives Inc.
• ZYP Coatings Inc.
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