Hexagonal Boron Nitride (HBN) Market: By Type (Tubes, Rods, Powder, Gaskets, Plates and Sheets, and Other Types), By Application (Coatings/Mold Release/Spray, Electronics and Semiconductors, Composites, Industrial Lubricants, Thermal Spray, Personal Care, and Other Applications), and Geography

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Hexagonal Boron Nitride (HBN) Market was valued at USD 798.7 million in 2023 and is poised to grow at a CAGR of 4.86 % over 2024-2030. Hexagonal Boron Nitride (HBN) is a compound made up of boron and nitrogen atoms organized in a hexagonal lattice. Due to its comparable layered crystal structure, it is frequently referred to as "white graphite" and is distinguished by its rare optoelectrical characteristics, mechanical robustness, thermal stability, and chemical inertness. The advancements in consumer electronics, telecommunications, and automotive sectors drive the Hexagonal Boron Nitride (HBN) market. Hexagonal Boron Nitride is widely used as a dielectric material in electronic components, such as transistors, insulators, and high-temperature substrates. New opportunities in fields like optoelectronics, semiconductors, and sensors are made possible by the development of HBN-based nanocomposites and nanodevices. HBN is a desirable material for improving the performance of a variety of devices because of its special nanoscale features. Moreover, HBN is considered a "green" material due to its non-toxic nature and recyclability and has become popular as environmental concerns become more prominent. Industries are showing interest in sustainable and eco-friendly materials like HBN. However, higher production costs compared to other conventional materials and limited awareness and understanding of HBN among potential end-users hinder the market growth. However, worldwide recognition of the benefits of HBN in various applications, urbanization, and infrastructure development is anticipated to boost market growth during forecasted years.

Hexagonal Boron Nitride (HBN) Market Key Development:
  • In July 2022, HeBoCoat EL-W 100, a ready-to-use water-based boron nitride suspension was added to the EXPERT LINE of the HeBoCoat.
  • In August 2020, Researchers from Cornell University recently created a tiny magnetic field sensor that can operate over a wider temperature range than previous sensors by sandwiching ultrathin graphene and hexagonal boron nitride together.

Hexagonal Boron Nitride Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

4.80%

Largest Market

Asia Pacific

Fastest Growing Market

Asia Pacific
Hexagonal Boron Nitride (HBN) Market Dynamics

The market is expected to rise as the application of Hexagonal Boron Nitride (HBN) tubes has increased in various industries and technologies due to their unique properties. HBN tubes can resist high temperatures and are effective thermal insulators. They are employed for applications when traditional materials are insufficient, such as thermal barriers and protective coatings in the aerospace and automobile industries. HBN tubes are also employed in a number of industrial operations as heat exchangers. They are useful in applications where effective heat transfer is essential, such as in electronics and manufacturing, due to their high thermal conductivity. HBN tubes, due to their non-toxic nature and biocompatibility, also have potential applications in the biomedical and pharmaceutical industries.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023) and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Hexagonal Boron Nitride Market Segmentation

By Type
  • Tubes
  • Rods
  • Powder
  • Gaskets
  • Plates and Sheets
  • Others
By Application
  • Coatings/Mold Release/Spray
  • Electronics and Semi-Conductors
  • Composites
  • Industrial Lubricants
  • Thermal Spray
  • Personal Care
  • Others
By Geography
  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA
  • Rest of MEA

Frequently Asked Questions

The Hexagonal Boron Nitride (HBN) market valued at USD 798.7 Million in 2023 and is expected to grow at 4.86% CAGR over the forecast period 2024 – 2030.

The base year is 2018-2022 and the forecast year is 2023-2029.

The advancements in consumer electronics, telecommunications, and automotive sectors drive the Hexagonal Boron Nitride (HBN) market.

American Elements, BORTEK Boron Technologies and Mechatronic, Inc., Compagnie de Saint Gobain, Denka Co. Ltd., Henze Boron Nitride Products AG, Hoganas AB, JFE Holdings Inc., Kennametal Inc., KYOCERA Corp., Liaoning PengDa technology Co. Ltd., Momentive Performance Materials Inc., PJSC Zaporozhsky Abrasivny Combinat, Resonac Holdings Corp., Shin-Etsu Chemical Co. Ltd., Supervac Industries LLP, UK Abrasives Inc., Yingkou Liaobin Fine Chemical Co. Ltd., Zibo Xinfukang Specialty Materials Co. Ltd. and ZYP Coatings Inc. are a few companies operating in Hexagonal Boron Nitride (HBN) market.

1.Executive Summary
2.Global Hexagonal Boron Nitride Market Introduction 
2.1.Global Hexagonal Boron Nitride Market  - Taxonomy
2.2.Global Hexagonal Boron Nitride Market  - Definitions
2.2.1.Type 
2.2.2.Application
2.2.3.Geography
2.2.4.Region
3.Global Hexagonal Boron Nitride Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Hexagonal Boron Nitride Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Hexagonal Boron Nitride Market  By Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Tubes
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Rods
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Powder
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Gaskets
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Plates and Sheets
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
5.6. Others
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.6.3. Market Opportunity Analysis 
6.Global Hexagonal Boron Nitride Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Coatings/Mold Release/Spray
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Electronics and Semi-Conductors
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Composites
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Industrial Lubricants
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Thermal Spray
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Personal Care
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
6.7. Others
6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.7.3. Market Opportunity Analysis 
7.Global Hexagonal Boron Nitride Market  By Geography, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. The Asia Pacific
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Latin America
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. MEA
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
7.6. Rest of MEA
7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.6.3. Market Opportunity Analysis 
8.Global Hexagonal Boron Nitride Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Hexagonal Boron Nitride Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Type  Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Tubes
9.1.2.Rods
9.1.3.Powder
9.1.4.Gaskets
9.1.5.Plates and Sheets
9.1.6.Others
9.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Coatings/Mold Release/Spray
9.2.2.Electronics and Semi-Conductors
9.2.3.Composites
9.2.4.Industrial Lubricants
9.2.5.Thermal Spray
9.2.6.Personal Care
9.2.7.Others
9.3.  Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.North America
9.3.2.Europe
9.3.3.The Asia Pacific
9.3.4.Latin America
9.3.5.MEA
9.3.6.Rest of MEA
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Hexagonal Boron Nitride Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Tubes
10.1.2.Rods
10.1.3.Powder
10.1.4.Gaskets
10.1.5.Plates and Sheets
10.1.6.Others
10.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Coatings/Mold Release/Spray
10.2.2.Electronics and Semi-Conductors
10.2.3.Composites
10.2.4.Industrial Lubricants
10.2.5.Thermal Spray
10.2.6.Personal Care
10.2.7.Others
10.3.  Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.North America
10.3.2.Europe
10.3.3.The Asia Pacific
10.3.4.Latin America
10.3.5.MEA
10.3.6.Rest of MEA
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
11.Asia Pacific (APAC) Hexagonal Boron Nitride Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Tubes
11.1.2.Rods
11.1.3.Powder
11.1.4.Gaskets
11.1.5.Plates and Sheets
11.1.6.Others
11.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Coatings/Mold Release/Spray
11.2.2.Electronics and Semi-Conductors
11.2.3.Composites
11.2.4.Industrial Lubricants
11.2.5.Thermal Spray
11.2.6.Personal Care
11.2.7.Others
11.3.  Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.North America
11.3.2.Europe
11.3.3.The Asia Pacific
11.3.4.Latin America
11.3.5.MEA
11.3.6.Rest of MEA
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Hexagonal Boron Nitride Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Tubes
12.1.2.Rods
12.1.3.Powder
12.1.4.Gaskets
12.1.5.Plates and Sheets
12.1.6.Others
12.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Coatings/Mold Release/Spray
12.2.2.Electronics and Semi-Conductors
12.2.3.Composites
12.2.4.Industrial Lubricants
12.2.5.Thermal Spray
12.2.6.Personal Care
12.2.7.Others
12.3.  Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.North America
12.3.2.Europe
12.3.3.The Asia Pacific
12.3.4.Latin America
12.3.5.MEA
12.3.6.Rest of MEA
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Hexagonal Boron Nitride Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Tubes
13.1.2.Rods
13.1.3.Powder
13.1.4.Gaskets
13.1.5.Plates and Sheets
13.1.6.Others
13.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Coatings/Mold Release/Spray
13.2.2.Electronics and Semi-Conductors
13.2.3.Composites
13.2.4.Industrial Lubricants
13.2.5.Thermal Spray
13.2.6.Personal Care
13.2.7.Others
13.3.  Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.North America
13.3.2.Europe
13.3.3.The Asia Pacific
13.3.4.Latin America
13.3.5.MEA
13.3.6.Rest of MEA
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.American Elements
14.2.2.BORTEK Boron Technologies and Mechatronic Inc.
14.2.3.Compagnie de Saint Gobain
14.2.4.Denka Co. Ltd.
14.2.5.Henze Boron Nitride Products AG
14.2.6.Hoganas AB
14.2.7.JFE Holdings Inc.
14.2.8.Kennametal Inc.
14.2.9.KYOCERA Corp.
14.2.10.Liaoning PengDa Technology Co. Ltd.
14.2.11.Momentive Performance Materials Inc.
14.2.12.PJSC Zaporozhsky Abrasivny Combinat
14.2.13.Resonac Holdings Corp.
14.2.14.Shin-Etsu Chemical Co. Ltd.
14.2.15.Supervac Industries, LLP.
14.2.16.UK Abrasives, Inc.
14.2.17.Yingkou Liaobin Fine Chemical Co. Ltd.
14.2.18.Zibo Xinfukang Specialty Materials Co. Ltd.
14.2.19.ZYP Coatings Inc.
15. Research Methodology 
16. Appendix and Abbreviations 
  • American Elements
  • BORTEK Boron Technologies and Mechatronic Inc.
  • Compagnie de Saint Gobain
  • Denka Co. Ltd.
  • Henze Boron Nitride Products AG
  • Hoganas AB
  • JFE Holdings Inc.
  • Kennametal Inc.
  • KYOCERA Corp.
  • Liaoning PengDa Technology Co. Ltd.
  • Momentive Performance Materials Inc.
  • PJSC Zaporozhsky Abrasivny Combinat
  • Resonac Holdings Corp.
  • Shin-Etsu Chemical Co. Ltd.
  • Supervac Industries, LLP.
  • UK Abrasives, Inc.
  • Yingkou Liaobin Fine Chemical Co. Ltd.
  • Zibo Xinfukang Specialty Materials Co. Ltd.
  • ZYP Coatings Inc.

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