Hexagonal Boron Nitride Market Analysis 2018 | Latest Trends and Regional Growth Forecast by Types and Applications 2023

Hexagonal Boron Nitride Market
Global Hexagonal Boron Nitride Market by Type (Tubes, Rods, Plates, Gaskets, Crucibles, Sheets and Others), by Application (Electrical Insulation, Lubrication Industrial, Coatings & Mold Release, Cosmetics, Composites, Thermal Spray and Others) and by Region- Forecast till 2023

Industry Updates:

May 2018 Researchers in Japan at the University of Tokyo have created a robot that can assemble automatically two-dimensional (2D) crystalline materials. Dr. Satoru Masubuchi has resolved this issue by making a robot that considerably speeds up the collection of 2D crystals and their assembly into van der Waals heterostructures. van der Waals heterostructures, which are assemblies of atomically thin 2D crystalline materials, are of curiosity in nanotechnology for their striking conduction properties. The robot was used to make van der Waals heterostructure containing 29 alternating layers of graphene and hexagonal boron nitride which is another common 2D semiconductor.

Hexagonal Boron Nitride Market – Overview   

The high thermal conductivity is among one of the superior properties of Hexagonal Boron Nitride which is a driving element in the expansion of the market. Market focused reports linked to the chemicals & materials industry among others of late have been made accessible by Market Research Future which issues reports on this industry. The market is likely to gain high development with an unparalleled CAGR in the forecast period.

The low thermal expansion, non-toxicity, thermal shock resistance, high thermal conductivity and high electrical resistance characteristics have contributed considerably to increased product acceptance in the past few years. The demand for Hexagonal Boron Nitride has led to the creation of various forms such as liquid and hot pressed shapes, which can be used in many applications. Rising developments in the high temperature paints & coating application have grown the demand that is experienced by this market. Meanwhile, progress in the skincare market is anticipated to lead to a high rate of development of the market over the forecast period.

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Industry Segments

The Hexagonal Boron Nitride Market is segmented on the basis of application, adhesive types, and region. On the basis of adhesive type, the hexagonal boron nitride market is segmented into rods, tubes, plates, crucibles, gaskets, and sheets among others. The application basis of segmentation includes segments such as lubricants industrial, cosmetics, coatings & mold release, electrical insulation, composites and thermal spray among others. The market for hexagonal boron nitrate comprises of regions such as Europe, North America, APAC and rest of the world.

Detailed Regional Analysis

While considering the regional analysis of the market, the Asia Pacific region is the major market for Hexagonal Boron Nitride, which is likely to develop at the highest CAGR of 6.99 percent during the forecast period. This is credited to a solid footprint of hexagonal boron nitride manufacturers along with the developing industrial segment in the region are some of the market factors fostering driving the growth of the market in the region. Moreover, the factors such as the strengthening growth of the personal care industry are anticipated to boost the demand for Hexagonal Boron Nitride in the region. On the basis of revenue, the North American market is responsible for the second biggest market share for hexagonal boron nitride and is estimated register USD 213,558.1 thousand mark by value till the end of 2023. This is mainly due to the incidence of chief manufacturers in the region with greater product offering. The North American region is trailed by the European market, which held 19.30 percent share of the market in the year 2016.

Global Competitive Analysis

The possibilities for growing revenue inflow in the business are likely to multiply through the forecast period. Localization is among of the more favored trends for increasing the market share of the competitors in the market. The potential strategy of each player in the market involves a certain degree of innovation in the product offerings to increase the possibilities for development, particularly in the forecast period. The intensifying interest in diversification within the business has indirectly allowed the businesses to utilize several situations obtainable in the market. The market has ushered in a new period of growth as the market is constantly in a state of mutability. The ripple effects of this growth have altered the competitive landscape of the market.

Saint-Gobain, Denka Company Ltd, Momentive Performance Materials Inc., Kennametal, H.C. Stark GmbH, Showa Denko K.K, Mizushima Ferroalloy Co., Ltd, Henze BNP AG, ZYP Coatings Inc, and 3M among others are the major players in the hexagonal boron nitride market globally.

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