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Market Overview of Global Boron Nitride market:
According to our latest research, the global Boron Nitride market looks promising in the next 5 years. As of 2022, the global Boron Nitride market was estimated at USD 260.18 million, and it's anticipated to reach USD 386.62 million in 2028, with a CAGR of 6.82% during the forecast years.
Boron nitride is a heat and chemically resistant refractory compound of boron and nitrogen with the chemical formula BN. It exists in various crystalline forms that are isoelectronic to a similarly structured carbon lattice.
Assessment of the Overall Impact of COVID-19 on the Industry
The impact of COVID-19 on the boron nitride industry is undoubtedly huge. Firstly, the downstream industries of boron nitride have been hit. Due to the economic recession caused by COVID-19, the unemployment rate has started to increase and consumer income has decreased. In addition, due to safety considerations, people reduce going out, and demand in the automotive and aerospace industries is sluggish, resulting in insufficient motivation for the boron nitride industry.
Protecting the health of consumers and employees is a top priority for companies and governments. For manufacturers in the hardest-hit areas, the closure of factories, complete or partial closure, may last a long time. At the same time, this will be a critical moment for the transformation and development of the boron nitride industry. E-commerce and digital supply chains have developed rapidly in recent years. Due to the impact of COVID-19, more companies are inclined to the e-commerce model. By building a digital supply chain, on the one hand, they can find alternative buyers and suppliers in a timely manner. On the other hand, in response, after-sales market participants may provide an Omni-channel model similar to retailers, for example, with online purchases and quick repurchase ability. The increased affinity for Internet purchases may create new opportunities for new business models or service choices. In addition, the boron nitride industry may explore active deployment of automation technologies, such as collaborative robots, autonomous material handling, and the industrial Internet of Things, to reduce the density of staff throughout the operation.
With the gradual control of COVID-19 and the advancement of vaccine research and development, the global economy has begun to gradually recover by region. The economic recovery will drive the
recovery of the boron nitride downstream market and the boron nitride industry.
Increased applications in the automotive and aerospace fields
Boron nitride can be coated on many materials, such as metal, plastic, ceramic, and wood. Boron nitride coatings are in viscous liquid form, which can be brushed or diluted with water to make their consistency more suitable for spraying or dipping. At the same time, the boron nitride coating has high-temperature resistance, high thermal conductivity, excellent lubricity, and low electrical conductivity. It is widely used in coatings, mold release agents, and spraying in the automotive and aerospace fields. With the further development of the global automotive and aerospace fields, the performance requirements for automobiles and aerospace devices are further improved, and it is predicted that innovative products of boron nitride will also increase.
Further development in the field of electronics
Boron nitride is also widely used in metal processing and electrical and electronic fields. In recent
years, electronic products such as smartphones, OLED TVs, and tablet computers have been updated rapidly. With the further development and diversification of consumer electronic products, and the increase in consumer disposable income, the demand for electronic products is expected to increase in the near future. Thereby promoting the development of the boron nitride industry.
Broadening of other application areas
In addition to electronics, aerospace, and automotive industries, boron nitride can also be used in cosmetics and industrial lubricants. Boron nitride is used as a dispersant and lubricant in skincare products and cosmetics. Personal care and cosmetics are high-value industries, mainly growing in emerging economies. At the same time, the growing oil and gas industry and nuclear industry
applications have increased the potential market for industrial lubricants. The improvement of high temperature by boron nitride makes it a bright future as an industrial lubricant.
Region Overview:
United States had the highest growth rate of all regions
Company Overview:
The major players operating in the Boron Nitride market include Saint-Gobain, Momentive, 3M company, Showa Denko Group and Shin-Etsu Chemical, etc. Among which, Boron Nitride ranked top in terms of sales and revenue in 2022.
Saint-Gobain
Saint-Gobain Group engages in the design, manufacturing, and distributing building materials internationally. The Company produces insulation systems, water supply systems, solar solutions and building materials for distribution.
Momentive
Momentive provides silicon and chemical products. The Company offers adhesives, antifoams, ceramics, coatings, coupling, demulsifiers, fluids, grease, modifiers, resins, softeners, and urethane additives, as well as other related products.
Segmentation Overview:
Among different product types, Hexagonal Boron Nitride (HBN) segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Electronics segment occupied the biggest share from 2017 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Boron Nitride market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Boron Nitride Market Report:
Market Size Estimates: Boron Nitride market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Boron Nitride market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Boron Nitride market
Segment Market Analysis: Boron Nitride market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Boron Nitride market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Boron Nitride Market: Revenue and sales volume of major countries in each region
Boron Nitride Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Boron Nitride market in major regions.
Boron Nitride Industry Value Chain: Boron Nitride market raw materials & suppliers, manufacturing process, distributors, downstream customers
Boron Nitride Industry News, Policies & Regulations
Key players in the global Boron Nitride market are covered in Chapter 12:
Shin-Etsu Chemical
Zibo Jonye Ceramic Technologies
Saint-Gobain
DCEI
Henze
Höganäs
Xinfukang
Showa Denko Group
Denka
QingZhouMaiTeKeChang Materials
3M company
YingKou Liaobin
Momentive
Qingzhou Fangyuan
UK Abrasives
In Chapter 2 and Chapter 15.1, based on types, the Boron Nitride market from 2018 to 2028 is primarily split into:
Hexagonal Boron Nitride (HBN)
Cubic boron nitride (CBN)
Wurtzite Boron Nitride (WBN)
In Chapter 3 and Chapter 15.2, based on applications, the Boron Nitride market from 2018 to 2028 covers:
Electronics
Aerospace
Automotive
Other
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Boron Nitride market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028