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Global Hexagonal Boron Nitride Market to Grow at a CAGR of 5.3% by 2021 – Analysis By End Products & End Markets




The global hexagonal boron nitride market to grow at a CAGR of 5.38% during the period 2017-2021.

The report, Global Hexagonal Boron Nitride Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

The latest trend gaining momentum in the market is commercialization and increasing demand for boron nitride nanotubes. Boron nitride nanotubes are available in the form of cylindrical tubes, similar to carbon nanotubes. These nanotubes possess superior mechanical properties, such as optical and infrared transparency, high tensile strength, electrical conductivity, thermal conductivity, flexible, and electrical insulation. These properties and the cost-effective nature of boron nanotubes are expected to increase their acceptance as alternatives to carbon nanotubes in a wide range of applications in pharma, healthcare, defense, aerospace, energy, and automotive industries.

According to the report, one of the major drivers for this market is Abundance of boron minerals. Boric acid and boron trioxide are the raw materials required for producing hexagonal boron nitride. These raw materials are sourced from around 200 naturally occurring boron minerals. Turkey and the US are the major producers of boron minerals globally, followed by China, Argentina, Chile, Bolivia, and Peru. Turkey produced roughly 73% (7,300 metric tons) of the boron minerals produced globally in 2016.

Further, the report states that one of the major factors hindering the growth of this market is High cost of hexagonal boron nitride. The higher cost of hexagonal boron nitride, when compared with other materials such as graphite, molybdenum disulfide, and tungsten disulfide, is the major restraint to the market growth. The price of standard-grade hexagonal boron nitride used for industrial purposes is in the range of $55-$130/kg and the cost of premium-grade (high-purity) hexagonal boron nitride for specialized applications, such as cosmetics is in the range of $350-$800/kg. This increases the preference for alternatives in various applications.

Key vendors

  • 3M,
  • Saint-Gobain,
  • Showa Denko,
  • H. C. Starck,
  • Denka Company.

Other prominent vendors

  • American Elements
  • Henze Boron Nitride Products
  • Kennametal
  • Mizushima Ferroalloy
  • Momentive Performance Materials
  • TSD
  • ZYP Coatings

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by end products

PART 07: Market segmentation by end markets

PART 08: Geographic segmentation

PART 09: Decision framework

PART 10: Drivers and challenges

PART 11: Market trends

PART 12: Vendor landscape

PART 13: Key vendor analysis

For more information about this report visit https://www.researchandmarkets.com/research/g5dw44/global_hexagonal

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Research and Markets
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View original content:http://www.prnewswire.com/news-releases/global-hexagonal-boron-nitride-market-to-grow-at-a-cagr-of-53-by-2021—analysis-by-end-products–end-markets-300491596.html

SOURCE Research and Markets

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