What is Boron Nitride Market?
Boron nitride (BN) structure having flat and hexagonal crystal, is similar to graphite with difference being carbon atoms replaced by boron and nitrogen. It can be in cubic form as well that replicates structure as that of carbon atom in diamond where tetrahedral bond network is formed by linking atoms of boron and nitrogen.
The market study is being classified by Type (Hexagonal Boron Nitride (HBN), Cubic boron nitride (CBN) and Wurtzite Boron Nitride (WBN)), by Application (Lubricant, Abrasive, Alloys, Coatings, Plastic Additive and Other (Thermal Fillers, Ceramics, Rubber, etc.)) and major geographies with country level break-up.
3M Company(United States), Saint-Gobain(France), Ceradyne, Inc.(United States), Momentive(Germany), H.C.Starck(United States), UK Abrasives(Japan), Denka(Germany), Henze(Japan), Showa Denko Group(japan), Shin-Etsu Chemical(China), Xinfukang(China), Qingzhou Fangyuan(China) and Zibo Jonye Ceramic Technologies(China) are some of the key players profiled in the study.
The Vendors having a strong hold in the market are 3M. Research Analyst at AMA predicts that Chinese and United States Vendors will contribute to the maximum growth of Global Boron Nitride market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Boron Nitride market by Type, Application and Region. On the basis of Type, Hexagonal Boron are dominating the market in the year 2020 where as Cubic Boron stood as second largest market share.
On the basis of application, Semiconductor Devices segment is dominating the market in the year 2020 where as Electronics segment stood as second largest market.
On the basis of geography, the market of Boron Nitride has been segmented into Americas (North America, South America), North America (United States, Canada, Mexico), Asia Pacific (China, Japan, India, South Korea, Taiwan, Rest of Asia-Pacific), Europe (Germany, France, Italy, UK, Netherlands, Rest of Europe), MEA (Middle East, Africa). North America region held largest market share in the year 2020. Asia Pacific on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Non-clogging- its tough to wet Hexagonal Boron Nitride (hBN)
- Ultra-high temperature capability-can withstand high temperature
- Increasing industrialization & commercialization
- Availability of boron nitrides in various forms
- Owing to favourable government initiatives vis a electric vehicles
- High cost of Boron nitrides and its ability to exhibit weak fibrogenic activity are the certain restraints in its market growth. Moreover, it may cause pneumoconiosis when inhaled.
- Limited raw material availability
- High cost of technologically advance products
Increasing number of advanced ceramic industries., Excellent wear resistance and good chemical inertness., Advancement in nanotechnology and Surging demand in electronics & electrical sectors.