The hexagonal boron nitride market is estimated to witness a CAGR of nearly 5.4%, during the forecast period, 2018-2023. Asia-Pacific is expected to witness highest growth in the demand for hexagonal boron nitride during the forecast period, owing to the growth of electronics industry and personal care sector.
The report presents an in-depth assessment of the Global Hexagonal Boron Nitride including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Hexagonal Boron Nitride investments from 2020 till 2023.
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Top Leading Manufactures-
3M, American Elements, Kennametal, Saint-Gobain, Showa Denko
Increasing Demand from 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. Indias 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, Indias 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 countrys 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
Personal care sector is expected to witness the highest demand for hexagonal boron nitride in the coming years. This is majorly because it is a key ingredient in make-up and other beauty products, such as blushers and foundation. The increasing investments for product development by foundation cream manufacturers, such as LOral, Este Lauder, Chanel, Oriflame, and Sephora, are expected to further boost the demand for hexagonal boron nitride from the personal care sector during the forecast period.
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April 2018: Showa Denko completes acquisition of SGL GE Holding GmbH (SGL GE), a graphite electrode production company, and made it a wholly owned subsidiary of SDK
What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Global Hexagonal Boron Nitride Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2014 to 2020 and forecasts until 2023 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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