What is Global Hexagonal BN Market?
The Global Hexagonal BN Market is a specialized sector that focuses on the production and distribution of Hexagonal Boron Nitride (h-BN). This compound, often referred to as "white graphite," is a heat and chemically resistant refractory compound with excellent thermal conductivity. It's a material that's structurally similar to graphite, and its properties make it a highly sought-after resource in various industries. The market for this compound is global, meaning it spans across continents, catering to industries worldwide. The value of this market was estimated to be US$ 307.8 million in 2022, and it's projected to reach US$ 434.9 million by 2029. This projection is based on the current growth rate, which is calculated to be a Compound Annual Growth Rate (CAGR) of 5.0% from 2023 to 2029.
Premium Grade (PG), Customized Grade (CG), Standard Grade (SG) in the Global Hexagonal BN Market:
The Global Hexagonal BN Market is further divided into different grades based on the quality and specific applications of the Hexagonal Boron Nitride. These grades include Premium Grade (PG), Customized Grade (CG), and Standard Grade (SG). The Premium Grade is the highest quality of h-BN available in the market. It's often used in applications that require superior properties, such as high thermal conductivity and excellent chemical resistance. The Customized Grade, on the other hand, is tailored to meet specific requirements of certain industries. It offers a balance between quality and cost-effectiveness. Lastly, the Standard Grade is the most commonly used grade of h-BN. It's used in a wide range of applications due to its affordability and decent performance characteristics. The distribution of market share among these grades varies, with the Premium Grade holding the largest share due to its superior properties and wide range of applications.
Hexagonal Boron Nitride Composite Ceramics, Preparation of Cubic Boron Nitride (CBN), Paint, Coatings and Lubricants Industry, Cosmetics Industry, Industrial Packaging, Others in the Global Hexagonal BN Market:
Hexagonal Boron Nitride finds its application in various sectors due to its unique properties. In the field of Hexagonal Boron Nitride Composite Ceramics, it's used due to its excellent thermal and chemical resistance. It's also used in the preparation of Cubic Boron Nitride (CBN), a material with hardness second only to diamond, making it ideal for industrial applications. In the Paint, Coatings, and Lubricants Industry, h-BN is used due to its excellent lubricating properties and its ability to form a thin film, which is useful in protective coatings. The Cosmetics Industry also utilizes this compound due to its soft and smooth texture. In Industrial Packaging, h-BN is used due to its resistance to heat and chemicals, making it ideal for packaging materials that need to withstand harsh conditions. Lastly, there are other applications of h-BN that are not categorized under any specific industry but are equally important.
Global Hexagonal BN Market Outlook:
The Global Hexagonal BN Market is a dynamic and growing sector. In 2022, the market was valued at US$ 307.8 million, and it's expected to grow to US$ 434.9 million by 2029. This growth is anticipated to occur at a Compound Annual Growth Rate (CAGR) of 5.0% during the forecast period from 2023 to 2029. The USA holds the largest share of this market, accounting for about 27% of the total market. China follows closely, also holding about 27% of the market share. The top three companies in this sector hold about 34% of the total market share, indicating a competitive market landscape.
| Report Metric | Details |
| Report Name | Hexagonal BN Market |
| Accounted market size in 2022 | US$ 307.8 million |
| Forecasted market size in 2029 | US$ 434.9 million |
| CAGR | 5.0% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Momentive, Saint-Gobain, 3M Company, Denka, Höganäs, Henze, Showa Denko, UK Abrasives, Boron Compounds, Dandong Chemical Engineering Institute, Yingkou Liaobin, Qingzhou Fangzhou, Zibo Jonye Ceramic Technologies Co.,Ltd., Hebei Pengda New Material Co.,Ltd., ENO, Qingzhou Maite Kechuang Materials Co.,Ltd., Longjitetao, Dandong Rijin, Pengda, Weifang Chunfeng |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
