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Hexagonal boron nitride has stable chemical properties, high humidity resistance, low thermal expansion coefficient and high thermal conductivity. It is a new synthetic inorganic material. Due to the good properties of hexagonal boron nitride, it is currently used as insulation film for electronic devices, cosmetics, semiconductors, atomic reactor structural materials, oxidation additives for refractory materials, corrosion and high temperature resistant boron nitride ceramic materials and boron nitride composite ceramics Materials and nozzle materials for airplanes and rocket engines promote the continuous development of the new material industry.
From the demand side, the current high temperature coatings and electrical and electronic fields have a high demand for hexagonal boron nitride. With the development of the terminal industry in recent years, the demand for green materials has been promoted, and the market value of hexagonal boron nitride has continued to increase. The market value of Hexagonal Boron Nitride in 2020 is more than 700 million US dollars.
Hexagonal boron nitride has excellent electrical resistance and maintains lubrication performance even under high temperature conditions. It mainly exists in the form of tubes, rods, plates, sheets, gaskets, etc. in application in China. In terms of demand, coating, demoulding, and spraying are the main demand areas. In addition, hexagonal boron nitride can also be used in skin care products, benefiting from the growing demand for personal care products, or will drive the rapid development of the hexagonal boron nitride industry.
The report “China’s Hexagonal Boron Nitride Industry Market Supply and Demand Status Quo and Development Trend Forecast Report 2021-2025” shows that the global medium hexagonal boron nitride market manufacturers include HC Starck GmbH, Denka, Hoganas AB, Kennametal, , etc. The development and application of hexagonal boron nitride in my country is in its infancy, but due to the abundant boron resources in the country, it is conducive to the development of the hexagonal boron nitride industry. The most representative domestic manufacturer of hexagonal boron nitride is Jingyi Ceramics.
According to the analysis of the global hexagonal boron nitride market structure, the United States is the main market for hexagonal boron nitride, with the market size reaching 200 million U.S. dollars in 2020. As the second largest economy in the world, my country has developed rapidly in economic and industrial development in recent years. With the rapid development of industry, the demand for new materials such as hexagonal boron nitride has increased. It is estimated that the market size of hexagonal boron nitride in my country will reach 1.5 by 2025. One hundred million U.S. dollars. In addition to the United States and China, Japan, Canada, Germany and other countries also have more development potential in the field of hexagonal boron nitride.
Professional analysts said that as a high-performance new material, hexagonal boron nitride has a wide range of applications. Driven by the development of the terminal industry, the market demand for hexagonal boron nitride has risen and the industry has developed rapidly. In the world, the United States is the main producer and consumer of hexagonal boron nitride. my country’s research on hexagonal boron nitride is still in its preliminary stage, but its market demand has shown rapid growth. In the future, my country’s hexagonal boron nitride market has great potential for development.
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