About Hexagonal Boron Nitride
Boron nitride is a chemical compound containing boron and nitrogen in equal proportions. It exhibits high bandgap, hardness, chemical, and thermal stability. It is usually used in high-temperature applications.
The compound physically exists in amorphous (non-crystalline) and crystalline forms — hexagonal boron nitride (h-BN), cubic (c-BN), and wurtzite (w-BN) forms. Amorphous boron nitride is mostly used in electronics and semiconductor industries. Hexagonal boron nitride is the most stable of all forms of the compound and has diverse applications. Cubic boron nitride has a sphalerite crystal structure and has excellent chemical and thermal stability; it is considered analogous to diamond. Wurtzite-boron nitride has a lonsdaleite-like structure.
Technavio’s analysts forecast the global hexagonal boron nitride market to grow at a CAGR of 5.38% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global hexagonal boron nitride market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Hexagonal Boron Nitride Market 2017-2021
Technavio recognizes the following companies as the key players in the global hexagonal boron nitride market: 3M, Saint-Gobain, Showa Denko, H. C. Starck, and Denka Company.
Other Prominent Vendors in the market are: American Elements, Henze Boron Nitride Products, Kennametal, Mizushima Ferroalloy, Momentive Performance Materials, TSD, and ZYP Coatings.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is commercialization and increasing demand for boron nitride nanotubes. Boron nitride nanotubes are available in the form of cylindrical tubes, similar to carbon nanotubes. These nanotubes possess superior mechanical properties, such as optical and infrared transparency, high tensile strength, electrical conductivity, thermal conductivity, flexible, and electrical insulation. These properties and the cost-effective nature of boron nanotubes are expected to increase their acceptance as alternatives to carbon nanotubes in a wide range of applications in pharma, healthcare, defense, aerospace, energy, and automotive industries.”
According to the report, one of the major drivers for this market is Abundance of boron minerals. Boric acid and boron trioxide are the raw materials required for producing hexagonal boron nitride. These raw materials are sourced from around 200 naturally occurring boron minerals. Turkey and the US are the major producers of boron minerals globally, followed by China, Argentina, Chile, Bolivia, and Peru. Turkey produced roughly 73% (7,300 metric tons) of the boron minerals produced globally in 2016.
Further, the report states that one of the major factors hindering the growth of this market is High cost of hexagonal boron nitride. The higher cost of hexagonal boron nitride, when compared with other materials such as graphite, molybdenum disulfide, and tungsten disulfide, is the major restraint to the market growth. The price of standard-grade hexagonal boron nitride used for industrial purposes is in the range of $55-$130/kg and the cost of premium-grade (high-purity) hexagonal boron nitride for specialized applications, such as cosmetics is in the range of $350-$800/kg. This increases the preference for alternatives in various applications.
3M, Saint-Gobain, Showa Denko, H. C. Starck, and Denka Company.American Elements, Henze Boron Nitride Products, Kennametal, Mizushima Ferroalloy, Momentive Performance Materials, TSD, and ZYP Coatings.