Hexagonal Boron Nitride Industry Size, Share, Growth and Comprehensive Analysis 2022-2030

Market Overview

Hexagonal boron nitride is widely used in the cosmetics and personal care industries. Personal care and cosmetics are high-value sectors growing, especially in emerging markets, and are responsible for expanding the market share of hexagonal boron nitride. It is a non-toxic and ecological element used in cosmetic formulations and as a diffuser and lubricant in skincare and makeup products. Due to the big boom in the electrical and electronic business, the demand for hexagonal boron nitride is increasing for coolers and semiconductor substrates. 

The growing demand for entertainment and motor electronics is associated with developing the electronics and semiconductor industries during the forecast period. Properties such as chemical inertness, increased thermal conductivity, increased electrical resistivity, and lubricity is expected to pave the way for the market share of hexagonal boron nitride. These qualities are key factors driving the growth of the hexagonal boron nitride properties market. They make it better than alternative graphite and drive the demand for hexagonal boron nitride. The Hexagonal Boron Nitride Market will acquire a higher CAGR and significant value in the forecast period by 2030.

Market Segments

The Hexagonal Boron Nitride Market is segregated into type and application.

Type segments are categorized into tubes, rods, gaskets, crucibles, plates, sheets, etc. The tube segment has the largest share with a high CAGR over the forecast period. In addition, the pipe segment has seen the fastest development and will bring a higher market value. And others. The coating and mold release agents segment is the most important market segment and controls nearly one-third of global usage. The market value of the coating and mold release agents segment has also been determined to reach an estimated value by 2023. 

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Regional Analysis 

The Hexagonal Boron Nitride Market covers major regions such as North America, Asia Pacific countries, Europe, and the rest of the world.

The Asia Pacific market captures a major regional market with a market share of over 38% and is expected to grow at a maximum annual growth rate throughout the forecast period. The Chinese market dominates the region, which holds a large share of the Asia Pacific hexagonal boron nitride market. India is showing rapid growth over the forecast period. The area is the manufacturing center for the electronics and automotive industries. In addition, the region’s development and other socio-economic impacts have increased the purchasing power of consumers in the region and increased the demand for home appliances. In addition, the personal care and cosmetics industry is expanding rapidly with whitening products and alternatives to APAC’s best-selling skincare products. Large openings in the hexagonal boron nitride market are estimated to enrich the hexagonal boron nitride market due to the widespread use and need for personal care products. Compared to APAC space, whitening cream and other similar products are very popular in the region and have led to market growth.

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Industry News

In December 2020, AIXTRON has further developed, built, and equipped a new detailed industrial graphene and hexagonal boron nitride (hBN) reactor to supply 200 mm epi wafers. The new CVD tool has been developed and recently implemented as part of the GIMMIK research project. The GIMMIK project aims to evaluate the production of graphene sheets under industrial conditions, highlight weaknesses, and design ways to eliminate the cause of errors. The transition of graphene properties to electrical mechanisms and material adjustments have also been tested. At the same time, it facilitates an approach to the writing of large, non-contact graphs.

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