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

  • ID: 4602286
  • Report
  • Region: Global
  • 139 pages
  • Mordor Intelligence
until Dec 31st 2018
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  • 3M Company
  • American Elements
  • Denka Company Limited
  • GrollTex Inc.
  • H.C. Starck GmbH
  • Kennametal Inc.
  • MORE
The global hexagonal boron nitride market accounted for USD 658.11 million, in 2017. The market studied is expected to reach USD 899.2 million by 2023, at an estimated CAGR of 5.44%, over the forecast period, 2018 to 2023.

Increasing Demand from Electrical and 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

Hexagonal boron nitride finds usage in skin care, hair care, make-up, and others. In cosmetics, hexagonal boron nitride functions as a slip modifier. The highest concentration of use is in eyeshadow formulations. Products containing hexagonal boron nitride are also used on the baby skin (in a lotion, oil, powder, or cream), can be applied to the eye area or mucous membranes, and possibly be ingested or inhaled. Boron nitride is reported to be used at up to 25% in eye product formulations, at 2% in lipstick formulations, up to 16% in powders, and at up to 0.9% in fragrance preparations. In practice, 95-99% of the particles released from cosmetic sprays have aerodynamic equivalent diameters in the 10 to 110 µm range. Therefore, most particles incidentally inhaled from these sprays are deposited in the nasopharyngeal region and are not respirable. Hence, the demand for hexagonal boron nitride from this application segment is estimated to grow at a healthy rate, over the forecast period.

Asia-Pacific to Witness Strong Growth

Asia-Pacific dominated the market for hexagonal boron nitride in 2017. 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 favourable government support to electrical & electronics industry to increase production. China is the world’s largest electronics production base and offers a tough competition to existing upstream producers like South Korea, Singapore, and Taiwan. Electronic products, such as smartphones, OLED TVs, tablets, and so on, have the highest growth in the market in the consumer electronics segment. With the increase in the disposable income of the middle-class population, the demand for electronic products is projected to grow in the near future. 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 Market
  • April 2018- Showa Denko completed acquisition of SGL GE Holding GmbH (SGL GE), a graphite electrode production company, and made it a wholly owned subsidiary of SDK
Major Players: 3M Company, American Elements, Kennametal, Saint-Gobain, and Showa Denko among others.

Reasons to Purchase the 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 months analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
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Note: Product cover images may vary from those shown
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  • 3M Company
  • American Elements
  • Denka Company Limited
  • GrollTex Inc.
  • H.C. Starck GmbH
  • Kennametal Inc.
  • MORE
1. Introduction
1.1 Scope of the Report
1.2 Study Assumptions
1.3 Study Deliverables
1.4 Research Phases

2. Executive Summary

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 Intensity of Competitive Rivalry

4. Market Dynamics
4.1 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 Market Restraints
4.2.1 High Product Costs
4.2.2 Other Restraints
4.3 Market Opportunities
4.3.1 Growing Demand from Personal Care Sector Owing to Requirments in Skincare Products
4.3.2 Other Opportunities

5. Market Segmentation and Analysis (Market Size, Growth and forecast)
5.1 By Type
5.1.1 Tubes
5.1.2 Rods
5.1.3 Powder
5.1.4 Gaskets
5.1.5 Plates and Sheets
5.1.6 Other Types
5.2 By Application
5.2.1 Coatings/Mold Release/Spray
5.2.2 Electrical Insulation
5.2.3 Composites
5.2.4 Industrial Lubricants
5.2.5 Thermal Spray
5.2.6 Personal Care (Including Cosmetics)
5.2.7 Other Applications (Including Dental Cements)

6. 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 North America
6.2.1 United States
6.2.2 Canada
6.2.3 Mexico
6.2.4 Rest of North America
6.3 Europe
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 France
6.3.4 Italy
6.3.5 Rest of Europe
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
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players

8. Company Profiles (Overview, Financials**, Products & services, and Recent Developments)
8.1 3M Company
8.2 American Elements
8.3 Denka Company Limited
8.4 H.C. Starck GmbH
8.5 Henze Boron Nitride Products AG
8.6 Kennametal Inc.
8.7 Mizushima Ferroalloy Co., Ltd.
8.8 UK Abrasives
8.9 Saint-Gobain
8.11 GrollTex Inc.
8.12 Momentive Performance Materials Inc.
8.13 Zibo Sinyo Nitride Materials Co. Ltd
8.14 ZYP Coatings Inc.

*List Not Exhaustive

9. Disclaimer

**Subject to Availability on Public Domain
Note: Product cover images may vary from those shown
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4 of 5
  • 3M Company
  • American Elements
  • Denka Company Limited
  • H.C. Starck GmbH
  • Henze Boron Nitride Products AG
  • Kennametal Inc.
  • Mizushima Ferroalloy Co., Ltd.
  • UK Abrasives
  • Saint-Gobain
  • GrollTex Inc.
  • Momentive Performance Materials Inc.
  • Zibo Sinyo Nitride Materials Co. Ltd
  • ZYP Coatings Inc.
Note: Product cover images may vary from those shown
5 of 5
Note: Product cover images may vary from those shown