Precision Business Insights has published a report on the global hexagonal boron nitride market, estimating its value at USD 837.52 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 4.9% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
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The Hexagonal Boron Nitride (h-BN) Market includes the manufacturing, distribution, and application of h-BN, which is a synthetic chemical with a graphite-like structure. High thermal conductivity, electrical insulation, chemical stability, and lubricating qualities make h-BN popular in sectors such as electronics, coatings, lubricants, cosmetics, and metallurgy.
Drivers:
- Rising Demand for Thermal Management Materials – h-BN's superior thermal conductivity and electrical insulation make it essential for high-performance electronic systems such as smartphones, laptops, and electric vehicles.
- Growth in Advanced Ceramics & Semiconductor Applications – Increasing use of h-BN in dielectric layers, high-temperature insulators, and nanocomposites is fueling market expansion.
The global hexagonal boron nitride market segmentation:
1) By Type: Tubes, Rods, Powder, Gaskets, Plates and Sheets, and Other Types
2) By Application: Coatings/Mold Release/Spray, Electronics and Semiconductors, Composites, Industrial Lubricants, Thermal Spray, Personal Care, and Other Applications
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Regional Overview:
The report also examines the current concerns and their Future Effects on the hexagonal boron nitride market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the hexagonal boron nitride market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like American Elements, BORTEK Boron Technologies and Mechatronic Inc., Compagnie de Saint Gobain, Denka Co. Ltd., Henze Boron Nitride Products AG, Hoganas AB, JFE Holdings Inc., Kennametal Inc., KYOCERA Corp., Liaoning PengDa Technology Co. Ltd., Momentive Performance Materials Inc., PJSC Zaporozhsky Abrasivny Combinat, Resonac Holdings Corp., Shin-Etsu Chemical Co. Ltd., Supervac Industries, LLP., UK Abrasives, Inc., Yingkou Liaobin Fine Chemical Co. Ltd., Zibo Xinfukang Specialty Materials Co. Ltd., ZYP Coatings Inc.
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