PUNE, India, October 17, 2016 /PRNewswire/ --
The report "Hexagonal-Boron Nitride Powder (h-BN) Market by Application (Coatings & Mold Release, Electrical Insulation, Lubrication-Industrial, Composites, Personal Care, Paints, Lubricants-Food, Thermal Spray) - Global Forecast to 2021", published by MarketsandMarkets, the global market is estimated to reach USD 821.0 Million by 2021, at a CAGR of 5.1% from 2016 to 2021.
Browse 96 market data Tables and 59 Figures spread through 152 Pages and in-depth TOC on "Hexagonal-Boron Nitride Powder (h-BN) Market"
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The market is driven by the increased demand in coatings & mold release, electrical insulation, personal care and thermal spray applications.
Coatings & mold release, the largest application for hexagonal-Boron Nitride (h-BN) powder market
Increasing demand from applications such as coatings & mold release, electrical insulation, lubrication-industrial, composites, personal care, paints, lubricants-food, and thermal spray are driving the hexagonal-Boron Nitride (h-BN) powder market. Among the applications, coatings & mold application is estimated to be the largest application for the h-BN powder market. H-BN powder is preferred for these applications due to its high thermal stability, good electrical insulation and excellent lubricating properties.
Rising demand in Asia-Pacific, the major driver for growth of h-BN powder market
In 2015, the Asia-Pacific region accounted for the largest share of the global Hexagonal-Boron Nitride Powder (h-BN) Market and is expected to grow at the highest rate from 2016 to 2021. China is currently the largest market for the h-BN powder and is expected to remain the largest market during the forecast period. India is the fastest-growing market for the h-BN powder. Increasing demand from the coatings & mold release and electrical insulation applications and the fast growing need for food-lubricants and personal care applications drives the h-BN powder market in these countries.
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The key companies profiled in the h-BN powder market research report are Saint-Gobain S.A. (France), 3M (U.S.), Denka Company ltd. (Japan), Showa Denko K.K. (Japan), Kennametal Inc. (U.S.), Momentive Performance Materials Inc. (U.S.), HC Starck GmbH (Germany), Mizushima Ferroalloy Co., Ltd (Japan), ZYP Coatings, Inc. (U.S.), Henze Boron Nitride Products AG (Germany).
The scope of the report includes detailed information regarding the major factors influencing the growth of the h-BN powder market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players provides insights into business overviews, products & services, key strategies, investments & expansions, mergers & acquisitions, and recent developments associated with the market. The h-BN powder market has been segmented on the basis of application and region.
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