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Electrical Insulation to Drive the Market Growth of Hexagonal boron nitride

Hexagonal boron nitride has excellent electrical resistant properties, even at high temperatures and retains its lubricity. The product has the same type of layer structure as graphite, and gives a very good lubrication / mold release characteristic. While graphite is very active, it reacts easily with metals / oxides and has electrical conductivity, hexagonal boron nitride electrical insulation, as well as chemical / thermal stability, and is stable up to about 3000 ° C in an inert atmosphere.

Hexagonal Boron Nitride is used as an electrical insulator electronics as a substrate for semiconductors, microwave, transparent windows, joints, electrodes and catalyst in fuel cells and batteries. It is used as a filler for insulation and heat radiation material. According to the Mordor Intelligence study, electrical insulation application is the highest growing segment, due to the increasing demand for insulation material from the industry at high power electronic operations.

In 2017, Asia-Pacific dominated the market and is expected to witness the highest CAGR during the forecast period, followed by the Middle East and Africa. Rising demand from countries such as China, India, Japan, etc. For example, the rising oil and gas sector and nuclear industry applications in the country have increased the potential market for industrial lubricants, which in turn is expected to provide bright prospects for HBN in the coming years due to better high temperature properties that can be used for sintering applications.

China is the world's largest electronics manufacturing base, and is facing stiff competition from existing upstream manufacturers, such as South Korea, Singapore and Taiwan. Electronic products, such as smartphones, OLED TVs, tablets, etc., have the highest growth in the market in the consumer electronics segment. With the increase in disposable income of the middle-class population, the demand for electronic products is expected to grow in the near future. Demand for glass is expected to increase in the infrastructure, real estate and automotive industries, thereby boosting demand for hexagonal boron nitride in the country. Thus, the growth of various end-user sectors of the country, the need for coatings, composites, semiconductors, industrial lubricants and thermal spray materials, which in turn is estimated to increase the consumption of hexagonal boron nitride through the forecast period.