Market Research Future will be publishing a Cooked Research Report on “Global Hexagonal Boron Nitride Market” that contains the information from 2016 to 2023. Hexagonal Boron Nitride Market is expected to grow at a CAGR 6.10% during forecast period 2016-2023.
Market Research Future (MRFR) recognizes the following companies as the key players in the Global Hexagonal Boron Nitride Market that includes:
- Denka Company Ltd
- Momentive Performance Materials Inc.
- H.C. Stark GmbH
- Showa Denko K.K
- Mizushima Ferroalloy Co.Ltd
- Henze BNP AG
- ZYP Coatings Inc
The Hexagonal Boron Nitride Market is estimated to be valued at USD 9, 16,934.4 thousand by the end of 2023, expanding at a CAGR of 6.10% during the forecast period. This is attributed to the increasing penetration of Hexagonal Boron Nitride across various industrial applications due to its superior properties, increasing demand from the personal care segment, and rising popularity in electronics & semiconductor industry among others. Application of Hexagonal Boron Nitride as coatings & mold release accounted for the largest share of the market on account of the superior properties of hexagonal boron nitride over its alternative; graphite. Cosmetics is the another substantial segment, which is growing at a highest CAGR, among the other applications of the
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However, the only bottleneck in a growth trajectory of the Global Hexagonal Boron Nitrides Market is the price of hexagonal boron nitride is higher as compared to its alternatives. Nevertheless, increasing disposable income, rising use of consumer electronics, and capacity expansion by leading players in order to cater growing end uses of the product are some of the key opportunities anticipated to help boost the growth of the market during the review period.
Global Hexagonal Boron Nitride Market has been segmented on the basis of Type, Application, and Region.
On the basis of type, the market is categorized into tubes, rods, plates, gaskets, crucibles, sheets and others. Among the aforementioned types, the tubes segment is estimated to grow at highest CAGR of 6.68% due to the increasing applications of tubes as nozzles and electric insulators.
Based on applications, the Global Hexagonal Boron Nitrides Market is segmented into electrical insulation, lubrication industrial, coatings & mold release, cosmetics, composites, thermal spray and others. The coatings & mold release is the largest application segment, among others, holding 33.25% share of the market. This is attributed to the advantageous properties offered by the product such as high thermal conductivity, lubricity, and good thermal expansion. In addition to coatings and mold release, cosmetics is another significant segment growing highest CAGR.
Geographically, the Global Hexagonal Boron Nitride Market is segmented into Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. As per MRFR analysis, Asia Pacific dominated the market, accounted for the largest share of the market in 2016, and expected to grow at a CAGR of 6.99%. Asia Pacific market is followed by North America, which is accounted for the second largest number of shares in the Global Hexagonal Boron Nitrides market, as of 2016. The region is estimated to reach USD 213,558.1 thousands by the end of 2023. Europe is a substantial region in the market, which accounts for considerable market share. Country wise, China is the leading market, in terms of value and volume, followed by the U.S.
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Key Points from Table of Contents:
10. Company Profiles
10.1 Dalian Jinma Boron Technology Group Inc
10.1.3 Product Portfolio
10.1.4 Business Strategies
10.1.5 Recent Development
10.2 3M Company
10.2.3 Product Portfolio
10.2.4 Business Strategies
10.2.5 Recent Development
10.3 Denka Company ltd
10.3.3 Product Portfolio
10.3.4 Business Strategies
10.3.5 Recent Development
10.4 Showa Denko K.K
10.4.3 Product Portfolio
10.4.4 Business Strategies
10.4.5 Recent Development
10.5 Kennametal Inc
10.5.3 Product Portfolio
10.5.4 Business Strategies
10.5.5 Recent Development
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