Global hexagonal boron nitride market is anticipated to grow at a CAGR of 6.8% during the forecast period (2023-2030). An increase in demand for hexagonal boron nitride in electrical insulation drives the growth of the hexagonal boron nitride market. Hexagonal boron nitride nanostructures are used for thermal conductivity enhancement, mechanical strength enhancement, insulating coatings, oxidation and corrosion-resistant coatings, electrical circuits, water treatment, and hydrogen storage. As hexagonal boron nitride powder has a thermal resistance and therefore it is used as an additive for high-temperature lubrication. Hexagonal boron nitride (hBN) is a fascinating two-dimensional material with a hexagonal crystal structure composed of alternating boron and nitrogen atoms.
Browse the full report description of “Hexagonal Boron Nitride Market Size, Share & Trends Analysis Report by Application (Coating & Mold Release, Electrical Insulation, Composites, Industrial Lubricants, Thermal Spray, Personal Care and Cosmetics, and Others), and by End-Users (Aerospace and Defense, Automotive, Semiconductors and Electronics, Healthcare and Other), Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/hexagonal-boron-nitride-market
Similar to graphene, hBN possesses unique properties that make it highly valuable in a wide range of applications. The hBN powder is used as a lubricant additive and can be dispersed in lubricating oil, grease, water, and solvents. Researcher interest in 2D materials and the new materials derived from them has been increasing. Boron nitride is widely applied to semiconductors such as DRAM and NAND solutions. For instance, in July 2020, Samsung Advanced Institute of Technology (SAIT) launched a new material, called amorphous boron nitride (a-BN), in collaboration with Ulsan National Institute of Science and Technology (UNIST) and the University of Cambridge. SAIT has been working on the research and development of two-dimensional (2D) materials – crystalline materials with a single layer of atoms.
Few Recent Product Developments-
• In December 2021, Saint-Gobain Ceramic Materials launched its new boron nitride powder product line – Saint-Gobain Boron Nitride Powder Solutions. This replaces the four historical powder product lines -COMBAT®, Carbotherm™, TRES BN®, and Idealube®.
In September 2021, 3M Corp., in high-performance polymer additives, expanded their line of boron nitride cooling fillers applicable to a wide array of automotive, electrical, and electronic devices and components.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Product Type
o By Application
o By End -Users
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes 3M Corp., Denka Company Ltd., Kennametal Inc., Mizushima Ferroalloy Co., Ltd., Resonac Holdings Corp., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Hexagonal Boron Nitride Market Report Segment
By Product Type
By Application
By End-Users
Global Hexagonal Boron Nitride Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/hexagonal-boron-nitride-market