Global Hexagonal-Boron Nitride Powder (h-BN) Market Size Study & Forecast, by Type, Application, and Regional Forecasts 2025–2035

The Global Hexagonal-Boron Nitride Powder (h-BN) Market is valued at approximately USD 0.86 billion in 2024 and is poised to expand at a steady compound annual growth rate (CAGR) of 3.49% over the forecast timeline from 2025 to 2035. As industries become increasingly attuned to the demands for thermally conductive, electrically insulating, and chemically inert materials, h-BN powder has carved out a pivotal niche across high-performance applications. This versatile compound, often dubbed “white graphene” for its structural resemblance to carbon-based graphene, delivers exceptional lubricating properties and oxidation resistance—making it indispensable across electronics, cosmetics, metallurgy, and composite industries.

The market is being catalyzed by the rising utilization of h-BN in thermal management systems and dielectric substrates, particularly in electric vehicles, aerospace, and semiconductor manufacturing. As global industries pivot toward miniaturization and high-efficiency performance, the need for thermally conductive yet non-electrically conductive materials becomes mission-critical. Furthermore, in cosmetics and personal care formulations, h-BN powder is gaining widespread popularity as a soft-focus agent due to its silky texture, oil absorption characteristics, and biocompatibility. Simultaneously, advancements in coating technologies and mold-release applications are elevating the demand for high-purity h-BN in industrial settings, particularly where temperature and chemical resistance are paramount.

Regionally, North America is anticipated to dominate the h-BN powder market in 2025, underpinned by strong investments in electronics, defense manufacturing, and composite research. The region benefits from robust R&D infrastructure and an established base of semiconductor producers. Meanwhile, Europe is aligning its growth trajectory with eco-friendly manufacturing and lightweight composite technologies across the automotive and aerospace sectors. Asia Pacific is set to emerge as the fastest-growing regional market over the forecast period, fueled by surging electronics and cosmetic industries in China, Japan, and South Korea. Expanding industrial activity, rising disposable incomes, and increasing penetration of high-end consumer goods are further intensifying demand in these geographies.

Major market player included in this report are:
• BASF SE
• Chevron Phillips Chemical Company
• Croda International Plc.
• Halliburton Company
• Baker Hughes Company
• Wacker Chemie AG
• Dow Inc.
• Impact Fluid Solutions
• M&D Industries Of Louisiana, Inc.
• Synthomer plc
• Trican Well Service Ltd.
• Schlumberger Limited
• Arkema Group
• Aubin Group
• Pidilite Industries Ltd.

Global Hexagonal-Boron Nitride Powder (h-BN) Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period – 2025–2035
• Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segments of the market are explained below:

By Type:
• Tubes
• Rods
• Plates
• Gaskets
• Crucibles
• Sheets
• Others

By Application:
• Electrical Insulation
• Lubrication Industrial
• Coatings & Mold Release
• Cosmetics
• Composites
• Thermal Spray
• Others

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America
• Brazil
• Mexico

Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

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