Research Nester’s recent market research analysis on “Hexagonal Boron Nitride Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global hexagonal boron nitride market in terms of market segmentation by type, classification, end user, application and by region.

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Rising Consumption of Electricity and Increasing Usage of Electronic Worldwide to Promote Global Market Share of Hexagonal Boron Nitride Market

The global hexagonal boron nitride market is estimated to grow majorly on account of the increased demand for high-temperature paints and coating. The hexagonal form of boron nitride is utilized as a lubricant for cosmetics, paints, pencil lead, and cement for dental applications. It has been estimated in the year 2023, that nearly 3.51 billion people suffer from oral diseases. Other than this, rising demand for hexagonal boron nitride from the electrical and electronics sector is also a prominent factor fueling the growth of the global hexagonal boron nitride market. Moreover, the compound is widely used as a lubricant in cosmetics products such as liquid makeup, eyeshadow, blush, kajal, foundation, lip liner, etc. Owing to the rising demand for cosmetics, the global hexagonal boron nitride market is projected to garner remarkable growth during the forecasted period. Furthermore, boron nitride acts as an excellent wide-gap semiconductor material in the industry. The intrinsic and dielectric properties make the compound a suitable substrate for making metal oxide semiconductors. The rapidly increasing consumer electronics industry such as cell phones, gaming systems, and portable computing devices are consistently fueling the growth of the global hexagonal boron nitride market during the forecasted period. The market holds numerous growth opportunities for the investors.

Some of the major growth factors and challenges that are associated with the growth of the global hexagonal boron nitride market are:

Growth Drivers:

Rising Demand for Hexagonal Boron Nitride from High-Temperature Paints and Coating Industry
Increased Demand for the Skincare Products
Challenges:

The toxic nature of hexagonal boron nitride, lack of awareness amongst people, and stringent government norms are some of the major factors anticipated to hamper the global market size of global hexagonal boron nitride market.

By application, the global hexagonal boron nitride market is segmented into refractory applications, insulators, microwaves, furnaces, and thermal spray. Out of these, the insulators segment is projected to grow the most during the forecasted period and is projected to hold almost 40% on the back of rising technological use in the insulators.

By region, the Europe hexagonal boron nitride market is to generate the highest revenue by the end of 2036. The market in the region is growing significantly on the back of the presence of the robust infrastructure. Other than this, the government in the region is also favorable towards the chemical industry, bolstering the growth of the market.



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