One to three forms of boron nitride is hexagonal boron nitride. Coatings/Mold Release/Spray, Electrical Insulation, Composites, Industrial Lubricants, Thermal Spray, Personal Care are some of the major applications covered in the report. Global Hexagonal Boron Nitride Market is estimated to grow with a CAGR of xx% in terms of revenue. The market is anticipated to grow around $xx million by 2027. The base year considered for the market study is 2018, and the estimated period is between 2019 and 2027.

Increased applications of hexagonal boron nitride in the electronic industry is one of the primary factor driving the market. Hexagonal Boron Nitride is a two-dimensional layered material. The use of two-dimensional (2-D) layered materials to enhance electronic device capacities is a promising approach that has lately gained considerable interest in the electrical and electronics industries. However, while a study is well-established in 2-D metallic and semiconducting components, thorough information and 2-D insulator applications are still scarce. This situation has developed tremendous demand over previous years for 2D hexagonal boron nitride (hBN). For electronic apps, one of the most appealing characteristics of 2D hBN is its resemblance to graphene in terms of its steady lattice and structure. It also has big optical phonon modes and a big electrical band gap, as well as an atomically soft surface that is nearly free from bonding and charging traps.

Even under elevated temperature circumstances, hexagonal boron nitride has outstanding electrical resistance characteristics and retains its lubricating capacity. This makes it ideal for electrical insulation applications. Also, as its structure is similar to graphene, it provides very good mold release characteristics. Thus, it is expected that the hexagonal boron nitride applications will show growth in the electronics industry over the forecast period.

The production methods engaged in hexagonal boron nitride production are currently very restricted, owing to problems in regulating its surface morphology, chemical composition and thickness. Due to its exceptional characteristics and prospective applications, hexagonal boron nitride nanosheet (hBNNS) is one of the most researched 2D fabrics. It continues to be difficult to synthesize big, homogeneous, and few-layered BNNS.

The report on the global hexagonal boron nitride market includes segmentation based on application, type and region.

Market by Type

• Rods
• Plates and sheets
• Tubes
• Gaskets
• Powder
• Other types

Market by Application

• Coatings/ mold release/ spray
• Composites
• Thermal spray
• Personal care
• Electrical insulation
• Industrial lubricants
• Other applications

Geographically, the global hexagonal boron nitride market has been segmented on the basis of four major regions, which includes:

• North America: the United States & Canada
• Asia Pacific: China, India, Japan, Australia, South Korea & Rest of Asia Pacific
• Europe: United Kingdom, Germany, France, Spain, Italy & Rest of Europe
• Rest of World: Latin America, Middle East & Africa

Strong economic cues is driving the North America hexagonal boron nitride market. In the United States, there is a strong demand for new and quicker electronic products due to the escalated development of technology and R&D operations in the electronics sector. There is also a spur in the amount of United States manufacturing facilities and development centers concentrating on high-end products. While in the main product category, the Canadian consumer electronics sector has encountered development and has seized potential possibilities as Canadians value fresh product innovations. The country’s enhanced network connectivity is the key factor in driving the market’s growth.

The major market players in the Global Hexagonal Boron Nitride market include:

• 3M
• Saint-Gobain
• Denka
• Showa Denko KK
• Others

Company Profiles covers the analysis of important players. These companies are using organic and inorganic strategies to grow in the market. For instance, in May 2019, Saint-Gobain acquired Pritex, a company that provides acoustic and thermal insulation solutions. In January 2019, Denka Company Limited announced to invest in thermally conductive materials to adapt to the changing automotive market from IC engine vehicles to electric engine vehicles. In July 2019, ILAG Industrielack AG was acquired by Showa Denko K.K. (SDK).

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