Global Hexagonal Boron Nitride Market 2021 is expected to register a CAGR of 5.4%, during forecast period with Impact of Covid 19 Analysis

Hexagonal

Global “Hexagonal Boron Nitride Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Hexagonal Boron Nitride in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Hexagonal Boron Nitride Market report categorizes the market based on manufacturers, regions, type, and application. Hexagonal Boron Nitride Market reports offer a detailed assessment of the Hexagonal Boron Nitride including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Hexagonal Boron Nitride market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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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.

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. 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 2021. 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

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 L’Oréal, Estée 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.

Asia-Pacific to Witness Strong Growth

Asia-Pacific is the largest market for hexagonal boron nitride. 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 favorable government support to electrical & electronics industry to increase production. For instance, the Chinese government has planned to invest about USD 31.5 billion to increase the production of semiconductors. Besides this, China is also focusing on increasing the production and sale of electric vehicles to 7 million a year by 2025. Additionally, Japan is home to a large number of manufacturers of hexagonal boron nitride, which include Showa Denko K.K., and Mizushima Ferroalloy Co. Ltd. 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.

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The global Hexagonal Boron Nitride market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Hexagonal Boron Nitride Market Report covers the Top Key-players in 2021:-

  • 3M
  • American Elements
  • Henze Boron Nitride Products AG
  • Kennametal
  • Mizushima Ferroalloy Co.
  • Ltd.
  • OC Oerlikon
  • Panadyne Inc
  • Reade International Corp.
  • Saint-Gobain
  • SHOWA DENKO K.K.
  • Stanford Advanced Materials
  • Supervac Industries
  • Zibo Sinyo Nitride Materials Co.
  • Ltd
  • ZYP Coatings
  • Inc.

Highlighted points of Hexagonal Boron Nitride Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Hexagonal Boron Nitride Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Hexagonal Boron Nitride? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Hexagonal Boron Nitride Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Hexagonal Boron Nitride Market? What Was Capacity, Production Value, Cost and PROFIT of Hexagonal Boron Nitride Market?
  • What Is Current Market Status of Hexagonal Boron Nitride Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Hexagonal Boron Nitride Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Hexagonal Boron Nitride Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Hexagonal Boron Nitride Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Hexagonal Boron Nitride Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Hexagonal Boron Nitride Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Hexagonal Boron Nitride Industry?

Key Developments in the Hexagonal Boron Nitride Market: in the Hexagonal Boron Nitride Market
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
M

Reasons to Purchase Hexagonal Boron Nitride Market ReportAnalyzing various perspectives of the market with the help of Porter’s five forces analysisTo understand which type, application, region is expected to dominate the hexagonal boron nitride marketTo identify which countries are expected to witness the fastest growth during the forecast periodIdentify the latest developments, market shares, and strategies employed by the major market players3-month analyst support, along with the Market Estimate sheet (in Excel)

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Finally, the report Global Hexagonal Boron Nitride Market 2021 describes the Hexagonal Boron Nitride industry expansion game plan, the Hexagonal Boron Nitride industry knowledge supply, appendix, analysis findings, and the conclusion.

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