Hexagonal Boron Nitride Market To Flourish And Cross USD 818.9 Million By 2021

05-Sep-2018 | Zion Market Research

Some of the international key companies in the hexagonal boron nitride market are Momentive Performance Materials, Saint-Gobain, H.C. Starck, 3M Company, Denka, UK Abrasives, Showa Denko Group, Henze, Eno High-Tech Material, and Shin-Etsu Chemical among others. Amongst these, 3M Company, Saint-Gobain, and Denka are most prominent players in the hexagonal boron nitride market and are claimed to have a huge share in the market growth.

According to the analysts at Zion Market Research, global hexagonal boron nitride market was capitalized at more than USD 602.4 Million in 2015. The hexagonal boron nitride market is likely to cross more than USD 818.9 Million by 2021 and is likely to develop at a CAGR of slightly more than 5.3% from 2016 to 2021.

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This review is based on a report by Zion Market Research, titled “Hexagonal Boron Nitride Market (Premium Grade (PG), Standard Grade (SG) and Custom Grade (CG)) for Cosmetics, Coatings & Mold Release, Xerographic Process and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”- Report at http://www.zionmarketresearch.com/report/hexagonal-boron-nitride-market

Rapidly Growing Urbanization And Industrialization In Up-And-Coming Nations To Drive The Development Of Hexagonal Boron Nitride Market

“Hexagonal boron nitride lubricants are majorly employed in automobile sector, thereby tremendously extending all the way through automotive sector and spurring the development of hexagonal boron nitride market in the years to come,” as per the analysts at Zion Market Research. Rapidly growing urbanization and industrialization in up-and-coming nations is likely to drive the development of hexagonal boron nitride market. Increasing employment of hexagonal boron nitride in the cosmetic sector as a slip modifier is likely to help in the development of the hexagonal boron nitride market in the years to come. On the other hand, the high price of hexagonal boron nitride as compared to its substitute might hinder the development of hexagonal boron nitride market. Nevertheless, in-progress research for innovating novel goods is likely to boost the development of hexagonal boron nitride market in the years to come.

Various mergers and acquisitions by market players is expected to tower the development of hexagonal boron nitride market. For example, in April 2018, Showa Denko concluded the acquisition of SGL GE Holding GmbH (a graphite electrode manufacturing firm), and made it a completely controlled subsidiary.

The High Usage Of Hexagonal Boron Nitride Market In Various End User Sectors To Maintain The Dominance Of Asia Pacific In Hexagonal Boron Nitride Market

The hexagonal boron nitride market was ruled in 2015 by Asia Pacific and was believed to be the uppermost income generating area. This was majorly owing to the high usage of hexagonal boron nitride market in various end user sectors such as cosmetic & lubricant industry and mold release & coating. Emerging nations such as China, India, and Japan are likely to be the most important areas for the hexagonal boron nitride market in the near future owing to elevating growth in the electrical insulation & coating sector. In 2015, Europe was believed to be the potent area for the hexagonal boron nitride market.

The global hexagonal boron nitride market is segmented as follows:

By Product

  • Premium Grade
  • Standard Grade
  • Custom Grade

By Application 

  • Cosmetics
  • Coatings & Mold Release
  • Xerographic Process
  • Others (Nanotubes etc.)

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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