08-Sep-2020 | Facts and Factors
Findings from Facts and Factors report “Boron Nitrate Powder Market By Form (Amorphous Form, Hexagonal Form, Cubic Form, Wurtzite Form) And By Application (Coatings & Mold Release, Composites, Electrical Insulation, Lubrication, Mechanical Tools, Paints, Personal Care, Thermal Spray, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Boron Nitrate Powder Market in 2019 was approximately USD 1,200 Million. The market is expected to grow at a CAGR of 4% and is anticipated to reach around USD 1,700 Million by 2026.
Boron Nitrate is an inorganic compound with the chemical formula BN. It has a similar shape to graphite, but the carbon atoms are replaced by boron and nitrogen atoms. It occurs in various crystalline forms and these forms are much similar to carbon lattice. It is also considered to be a bad conductor of heat and electricity. Boron Nitrate is also considered to be an excellent substitute for lubricants.
Browse the full “Boron Nitrate Powder Market By Form (Amorphous Form, Hexagonal Form, Cubic Form, Wurtzite Form) And By Application (Coatings & Mold Release, Composites, Electrical Insulation, Lubrication, Mechanical Tools, Paints, Personal Care, Thermal Spray, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” https://www.fnfresearch.com/boron-nitrate-powder-market-by-form-amorphous-form-1281
The surging use of boron nitrate as an additive in cosmetic products that are globally used for various purposes is projected to boost the demand for the market in the coming years. Several other benefits such as resistive against corrosion and high temperature, high oxidation resistance & chemical inertness are predicted to augment the demand for the boron nitrate market in the field of metal processing. Also, the growing demand for boron nitrate as an insulator in several high-temperature heaters and boilers is projected to bolster the market growth. The hardness property of boron nitrate makes it an ideal option in the manufacturing of insulators and can be hot-pressed to create various shapes of the insulator.
However, the high cost of boron nitrate as compared to others may restrict the growth of the market. It also shows weak fibrogenic activities and if inhaled in particulate form can cause severe health issues such as pneumoconiosis and other lung-related issues. Nevertheless, the ongoing R&D activities by several key manufacturers in developing more innovative products along with its use in nanotechnology in developing nanosheets and nanotubes provide several lucrative opportunities in the growth of the boron nitrate powder market.
The Boron Nitrate Powder types are Amorphous Form, Hexagonal Form, Cubic Form, Wurtzite Form, out of which Hexagonal Form is predicted to dominate the market as it is widely used in various applications and can be incorporated in ceramics, alloys, plastics, and rubber as it helps in giving them self-lubricating properties. By application, the use of boron nitrate powder in coatings is predicted to dominate the market as it can be directly applied to the surface and remains consistent at high temperatures.
The Asia Pacific region is projected to have the largest share in the boron nitrate powder market followed by the Middle East & Africa, owing to the rising demand from emerging economies such as China and India. The surging demand for electronic consumer products such as smartphones, LED TVs, Laptops owing to the rising disposable income of the consumers is also predicted to boost the demand for the market. The increasing demand for the market from various end-user industries such as composites, paints, lubrication, semiconductors, and thermal spray is also estimated to increase the demand for the boron nitrate market in the coming years. The easy availability of raw materials along with the availability of low-cost labor in this region further escalates the demand for the boron nitrate market.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 1,200 Million |
Projected Market Size in 2026 |
USD 1,700 Million |
CAGR Growth Rate |
4% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Saint-Gobain, Henze BNP AG, The 3M Company, Kennametal, Mizushima Ferroalloy Co., Ltd., Denka Company Ltd, ZYP Coatings Inc., Showa Denko K.K., H.C.Starck GmbH, Momentive Performance Materials Inc., and Others |
Key Segment |
By Form, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
Request customized purchase options to meet your research needs. Explore purchase options |
Some of the leading players in the global market include
Saint-Gobain, Henze BNP AG, The 3M Company, Kennametal, Mizushima Ferroalloy Co., Ltd., Denka Company Ltd, ZYP Coatings Inc., Showa Denko K.K., H.C.Starck GmbH, Momentive Performance Materials Inc.
This report segments the Boron Nitrate Powder Market as follows:
By Form Segmentation Analysis
- Amorphous Form
- Hexagonal Form
- Cubic Form
- Wurtzite Form
By Application Segmentation Analysis
- Coatings & Mold Release
- Composites
- Electrical Insulation
- Lubrication
- Mechanical Tools
- Paints
- Personal Care
- Thermal Spray
- Others
By Regional Segmentation Analysis
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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