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Global Hexagonal Boron Nitride Market - Segmented by Type, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)

Global Hexagonal Boron Nitride Market - Segmented by Type, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)

The hexagonal boron nitride market is estimated to witness a CAGR of nearly 5.4%, during the forecast period, 2018-2023. Asia-Pacific is expected to witness highest growth in the demand for hexagonal boron nitride during the forecast period, owing to the growth of electronics industry and personal care sector.

Increasing Demand from Electronics Sector

Hexagonal boron nitride has witnessed an increase in demand from the electronics sector in the past few years. This is majorly owing to the superior properties offered by it, such as thermal stability and good dielectric properties due to which it is gaining preference in the electronics sector. Additionally, it offers properties, such as high thermal conductivity, low thermal expansion, thermal shock resistance, and high electrical resistance. The electronics industry in Asia-Pacific has witnessed a massive increase in the past few years due to the technological developments China and India. India’s consumer electronics industry has witnessed an increase of more than 58% between 2010 and 2016, and is further projected to have double growth in the next three years and reach a value of 228 USD billion by 2020. According to India Electronics and Semiconductor Association, India’s electronics sector is expected to receive investments of nearly ~17,000 INR Crores under the central government's M-SIPS (Modified Special Incentive Package Scheme) and EDF (Electronic Development Fund) in order to increase domestic production of electronics under the 'Make in India' initiative. Furthermore, there have been investments made by the Chinese government in the country’s electronics sector, which in turn is expected to boost the demand for hexagonal boron nitride from the sector during the forecast period.

Demand from Personal Care Sector is Expected to Increase

Personal care sector is expected to witness the highest demand for hexagonal boron nitride in the coming years. This is majorly because it is a key ingredient in make-up and other beauty products, such as blushers and foundation. The increasing investments for product development by foundation cream manufacturers, such as L’Oréal, Estée Lauder, Chanel, Oriflame, and Sephora, are expected to further boost the demand for hexagonal boron nitride from the personal care sector during the forecast period.

Asia-Pacific to Witness Strong Growth

Asia-Pacific is the largest market for hexagonal boron nitride. The region is also projected to witness the fastest growth during the forecast period majorly due to the increasing electrical & electronics production in the region. In Asia-Pacific, China is expected to witness strong growth in the demand for hexagonal boron nitride, owing to the favorable government support to electrical & electronics industry to increase production. For instance, the Chinese government has planned to invest about USD 31.5 billion to increase the production of semiconductors. Besides this, China is also focusing on increasing the production and sale of electric vehicles to 7 million a year by 2025. Additionally, Japan is home to a large number of manufacturers of hexagonal boron nitride, which include Showa Denko K.K., and Mizushima Ferroalloy Co. Ltd. Hence, such increasing government efforts to increase the production of electric vehicles and electronics production in the region is anticipated to drive the demand for hexagonal boron nitride in the coming years.

Key Developments in the Hexagonal Boron Nitride Market

April 2018: Showa Denko completes acquisition of SGL GE Holding GmbH (SGL GE), a graphite electrode production company, and made it a wholly owned subsidiary of SDK

Major Players in Hexagonal Boron Nitride Market

3M
American Elements
Kennametal
Saint-Gobain
Showa Denko

Reasons to Purchase Hexagonal Boron Nitride Market Report

Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand which type, application, region is expected to dominate the hexagonal boron nitride market
To identify which countries are expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in Excel)

Customization of Hexagonal Boron Nitride Market Report

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1. Introduction
1.1 Scope of the Hexagonal Boron Nitride Market Report
1.2 Market Definition
1.3 Study Assumptions of Hexagonal Boron Nitride Market
1.4 Study Deliverables of Hexagonal Boron Nitride Market
1.5 Research Phases
2. Executive Summary of Hexagonal Boron Nitride Market
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products & Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1 Hexagonal Boron Nitride Market Drivers
4.1.1 Growing Demand for Hexagonal Boron Nitride from High Temperature Paints and Coatings
4.1.2 Increasing Demand from Electrical and Electronics Sector
4.2 Hexagonal Boron Nitride Market Restraints
4.2.1 High Product Costs
4.3 Hexagonal Boron Nitride Market Opportunities
4.3.1 Growing Demand from Personal Care Sector Owing to Requirments in Skincare Products.
5. Market Segmentation and Analysis (Market Size, Growth and forecast)
5.1 Hexagonal Boron Nitride Market By Type
5.1.1 Tubes
5.1.2 Rods
5.1.3 Powder
5.1.4 Gaskets
5.1.5 Plates
5.1.6 Sheets
5.1.7 Others
5.2 Hexagonal Boron Nitride Market By Application
5.2.1 Coatings
5.2.2 Electrical Insulation
5.2.3 Mold Release
5.2.4 Composites
5.2.5 Industrial Lubricants
5.2.6 Thermal Spray
5.2.7 Personal Care (Including Cosmetics)
5.2.8 Others (Including Dental Cements)
6. Hexagonal Boron Nitride Market Regional Analysis (Market Size, Growth and Forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 ASEAN Countries
6.1.6 Rest of Asia-Pacific
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 France
6.2.4 Italy
6.2.5 Rest of Europe
6.3 North America
6.3.1 United States
6.3.2 Canada
6.3.3 Mexico
6.3.4 Rest of North America
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa
7. Competitive Landscape of Hexagonal Boron Nitride Market
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles of Hexagonal Boron Nitride Market (Overview, Financials**, Products & services, and Recent Developments)
8.1 3M
8.2 American Elements
8.3 Henze Boron Nitride Products AG
8.4 Kennametal
8.5 Mizushima Ferroalloy Co., Ltd.
8.6 OC Oerlikon
8.7 Panadyne Inc
8.8 Reade International Corp.,
8.9 Saint-Gobain
8.10 SHOWA DENKO K.K.
8.11 Stanford Advanced Materials
8.12 Supervac Industries
8.13 Zibo Sinyo Nitride Materials Co.,Ltd
8.14 ZYP Coatings, Inc.
*List Not Exhaustive
9. Disclaimer
**Subject to Availability on Public Domain

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