LONDON--(BUSINESS WIRE)--The global hexagonal boron nitride market size is poised to grow by USD 237.86 million during 2020-2024, progressing at a CAGR of almost 6% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
Increasing demands from the electronics and metallurgy industries are one of the key drivers for the hexagonal boron nitride market. One of the main reasons for its increased demand is the property of superior dielectric strength and thermal conductivity when it is used as fillers in polymers that are used in electronics applications. The intrinsic properties of boron nitride, including high oxidation resistance, chemical inertness, corrosion resistance, and high-temperature resistance, will increase the use of boron nitride in metal processing applications. These characteristics of hexagon boron nitride would be one of the main reasons for its growth during the forecast period.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform
Report Highlights:
- The major hexagonal boron nitride market growth came from the thermal coating and lubricants in the automotive industry segment. The increasing demand for automobiles in developing countries is also one of the main reasons for this.
- APAC was the largest hexagonal boron nitride market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to factors such as the increase in the consumption of hexagonal boron nitride in growing end-user segments such as coatings, lubricants, mold release agents, and electrical insulation.
- The global hexagonal boron nitride market is fragmented. 3M Co., American Elements, Compagnie de Saint-Gobain SA, Denka Co. Ltd., HC Starck GmbH, Henze Boron Nitride Products AG, Hoganas AB, Kennametal Inc., Mizushima Ferroalloy Co. Ltd., and SHOWA DENKO K.K. are some of the major market participants. To help clients improve their market position, this hexagonal boron nitride market forecast report provides a detailed analysis of the market leaders.
- As the business impact of COVID-19 spreads, the global hexagonal boron nitride market 2020-2024 is expected to have neutral impact. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Use of Hexagon as an Insulator will be a Key Market Trend
Hexagon’s high-temperature resistance property is the main reason for this. The notable hardness of the material makes it ideal for manufacturing insulators used in high-temperature furnaces. Additionally, the compound can be hot-pressed to obtain insulators with the desired shape and with properties such as high electrical resistance, low dielectric constant, corrosion resistance, and thermal shock resistance. Therefore this trend is expected to increase during the forecast period.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Hexagonal Boron Nitride Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist hexagonal boron nitride market growth during the next five years
- Estimation of the hexagonal boron nitride market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the hexagonal boron nitride market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of hexagonal boron nitride market vendors
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Coatings and mold release agents - Market size and forecast 2019-2024
- Electrical insulation - Market size and forecast 2019-2024
- Lubricants - Market size and forecast 2019-2024
- Refractory - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Application
Market Segmentation by End-user
- Market segments
- Comparison by End user
- Automotive - Market size and forecast 2019-2024
- Aerospace - Market size and forecast 2019-2024
- Electronics - Market size and forecast 2019-2024
- Metallurgy - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by End user
Customer landscape
- Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
- Competitive scenario
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 3M Co.
- American Elements
- Compagnie de Saint-Gobain SA
- Denka Co. Ltd.
- HC Starck GmbH
- Henze Boron Nitride Products AG
- Hoganas AB
- Kennametal Inc.
- Mizushima Ferroalloy Co. Ltd.
- SHOWA DENKO K.K.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
