Hexagonal Boron Nitride Powder (Premium Grade (PG), Standard Grade (SG) and Custom (CG)) Market for Cosmetics, Paints & Coatings, Xerographic Process and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020
Deerfield Beach, FL -- (SBWIRE) -- 04/20/2017 -- According to the report, the global hexagonal boron nitride powder market was valued at approximately USD 300.0 million in 2014 and is expected to reach approximately USD 375.00 million by 2020, growing at a CAGR of around 3.5% between 2015 and 2020.The analysis provides significant information of the global hexagonal boron nitride powder market include Saint-Gobain, Momentive Performance Materials, 3M Company, H.C.Starck, UK Abrasives, Denka, Henze, Showa Denko Group, Shin-Etsu Chemical and Eno High-Tech Material
Zion Market Research has published a new report titled "Hexagonal Boron Nitride Powder (Premium Grade (PG), Standard Grade (SG) and Custom (CG)) Market for Cosmetics, Paints & Coatings, Xerographic Process and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 - 2020".
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Hexagonal boron nitride (h-BN) is the chemical compound present in hexagonal crystalline forms. Hexagonal boron nitride is synthetic material also known as white graphite. Hexagonal boron nitride is transparent and colorless. Hexagonal boron nitride can be mixed with alloys, plastics, resins, rubbers, ceramics and other materials. Hexagonal boron nitride powder is a nontoxic substance and inert to the majority of melted metals and chemical reagents. Hexagonal boron nitride powder is available in multiple grades including premium, standard and custom grades. Strong demand from various end-user industries is expected to boost the demand for HBN powder in the years to come. However, high cost and complex manufacturing process is expected to be major concern for manufacturers.
Different product segments of the hexagonal boron nitride powder market include premium grades, standard grades and custom grades. Premium grade was the largest consumed type hexagonal boron nitride powder in 2014. However, standard grade is also expected to be one of the fastest growing segments of the market. Standard grade HBN powder is widely used in industrial applications.
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Key application segments of the global hexagonal boron nitride powder include cosmetics, paints & coatings, xerographic process and others. In 2014, the cosmetics segment dominated the global hexagonal boron nitride powder market. Growth in the cosmetics segment is driven by an increase in the sale of skin care products. Paints and coatings was one of the leading application segments and accounted for significant share in the hexagonal boron nitride powder market in terms of volume in 2014.
The global hexagonal boron nitride powder market was dominated by North America with largest share in total volume consumption in 2014. Asia Pacific is another leading regional market for hexagonal boron nitride powder due to increase in end-use applications in the region in 2014. Demand for hexagonal boron nitride powder in the region is estimated to be primarily driven by strong demand from China. Europe, Latin America and Middle East Africa accounted for significant share in total volume consumption of hexagonal boron nitride powder in 2014.
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