Global Hexagonal Boron Nitride Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global hexagonal boron nitride market in its upcoming report titled, “Global Hexagonal Boron Nitride Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global hexagonal boron nitride market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global hexagonal boron nitride market report has been segmented on the basis of application and region.

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This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Boron nitride is a white inert crystalline solid, composed of boron and nitrogen. It exists in different forms such as amorphous, hexagonal, cubic, and wurtzite. Boron nitride can be produced by the reaction of boron trioxide with ammonia or urea in presence of nitrogen. Hexagonal boron nitride is widely used for various applications such as coatings, electrical insulation, high-temperature lubricant, and others, due to its excellent thermal and chemical stability.

Major factor driving growth of the global hexagonal boron nitride market is rising demand for thermal conductive and electrically insulating plastic components. In addition, owing to properties such as thermal and chemical stability hexagonal boron nitride oxide is majorly used for high temperature operations in coatings, lubrication, etc. This is another factor further fueling growth of the global market.

Moreover, increasing demand for high thermal conductive polymer materials and coatings for clearance control application in aerospace and defense industries is another factor expected to drive growth of the global market to a significant extent over the forecast period.

However, high cost of hexagonal boron nitride, and presence of substitutes are major factors restraining growth of the global hexagonal boron nitride market over the forecast period.

Currently, Asia Pacific market accounts for major revenue share and is expected to dominate the global market during the forecast period. This dominance can be attributed to increasing demand for product in various applications such as coatings & mold release and electrical insulation and presence of key players in countries in the region. The market in North America is accounted for second-highest share in terms of revenue in the global hexagonal boron nitride market, followed by markets in Europe, Middle East & Africa, and Latin America respectively.

Global Hexagonal Boron Nitride Market Segmentation:

Segmentation on the basis of application:

• Coatings & mold release
• Electrical insulation
• Lubrication-industrial
• Composites
• Personal care
• Paints
• Lubricants-food
• Thermal spray
• Others

Segmentation on the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa