Kings Research today announced the release of its latest market intelligence report, “Global Hexagonal Boron Nitride Market: Size, Share, Trends & Forecast 2024–2031.” In-depth research of the growth factors, upcoming opportunities, and competitive tactics that influence the global hexagonal boron nitride (h-BN) industry is provided by the report.
According to Kings Research, the global hexagonal boron nitride market was valued at USD 878.5 million in 2023 and is projected to reach USD 918.2 million in 2024. By 2031, the market is expected to achieve USD 1,328.2 million, registering a CAGR of 5.42% during 2024–2031.
The market expansion is fueled by the growing need for high-performance lubricants, thermal interface materials in electronics, and protective coatings for industrial applications. Hexagonal boron nitride’s unique properties, including high thermal conductivity, chemical stability, electrical insulation, and lubricating ability, make it indispensable across multiple industries.
Hexagonal boron nitride is a crystalline form of boron nitride with a hexagonal layered structure, also known as “white graphite” due to its lubrication properties. It is used in electronics, metallurgy, coatings, and cosmetics. Its ability to withstand extreme temperatures and be chemically inert makes it a key material in high-tech applications.
New developments in electronics, automotive, and aerospace are opening up new possibilities, such as the use of h-BN nanosheets for semiconductor temperature control. Nowadays, industries are searching for materials that are high-performing and long-lasting. An increasingly significant component of sophisticated manufacturing processes is hexagonal boron nitride.
Kings Research lists the top growth drivers in the hexagonal boron nitride (h-BN) market:
- Applications for Electronics and Thermal Management: High-performance electronics have led to an increase in the use of h-BN as a thermal interface material (TIM) in LED and semiconductor devices. The TIM segment alone was valued at more than $4,220.5 million in 2024, according to Kings Research Report (Source: https://www.kingsresearch.com/). With the increasing power of devices, demand is only anticipated to increase.
- Superior Lubricants and Coatings for High Performance: The enhancement of heat protection, chemical stability, and wear resistance makes h-BN-based coatings desirable. h-BN pastes and powders are used in metal fabrication, automotive, and aerospace industries to extend component life.
- Adoption of Cosmetics and Personal Care: h-BN is popular in cosmetics. It works great in powders, foundations, and skincare products. This is because it has a silky feel, absorbs oil well, and stays stable under heat. Hexagonal boron nitride (h-BN) is increasingly incorporated into personal care products, reflecting its growing industrial use. It is present in hundreds of items across categories such as face creams, moisturizers, eye makeup, hair styling products, and body lotions.
- Advanced Ceramics and Additive Manufacturing: Ceramic composites and 3D printing benefit from h-BN's lubricating qualities and thermal conductivity. This creates new uses for industrial and aerospace components.
Decision-makers such as CIOs, CTOs, COOs, and R&D chiefs can gain strategically from the hexagonal boron nitride (h-BN) market.
- Improved Product Performance : h-BN provides superior lubrication and thermal control. This improves the efficiency of components and devices.
- Optimization of Costs: The substance is chemically stable and long-lasting. This translates into lower maintenance and replacement costs.
- Flexibility and Scalability: h-BN is available as coatings, sheets, and powders. There are numerous industrial uses for which it can be tailored.
Regional Outlook
- Asia-Pacific is the biggest market with a sizable market share. China, Japan, and India are the main development engines. The primary contributors of growth are manufacturing facilities, rising electronics demand, and expanding industrial applications.
- North America is growing rapidly. This is a result of its extensive use in the automobile, aerospace, and electronics industries. In the US, h-BN is frequently used in aerospace-grade varnishes and high-performance TIMs.
Competitive Landscape
The hexagonal boron nitride market is competitive, with leading companies focusing on innovation, partnerships, and regional expansion. Key players include:
- Denka Company Limited
- Momentive Technologies
- Kennametal Inc
- Resonac Holdings Corporation
- Henze Boron Nitride Products AG
- Höganäs AB
- Saint-Gobain
- American Elements
- Grolltex Inc
- Supervac Industries LLP
- UK Abrasives, Inc.
- ZYP Coatings, Inc
- BORTEK
- Precision Ceramics Europe Limited
- ITOWU Trading (Dalian) Co., Ltd
These businesses are making investments in sophisticated coatings, high-purity h-BN powders, and nanosheet technologies in order to satisfy the growing demand from the consumer and industrial sectors.
The complete Kings Research research provides competitive benchmarking, strategic insights, and thorough segmentation by grade, application, end-use, and area. Visit to obtain the complete study, request a sample, or learn more about custom consulting services: https://www.kingsresearch.com/hexagonal-boron-nitride-market-1435.
About Kings Research
Kings Research is a global provider of syndicated market research reports and consulting services, delivering data-driven insights and actionable intelligence to help organizations navigate evolving markets, identify opportunities, and make informed business decisions.
All market data are sourced from Kings Research proprietary analysis and validated against credible public and industry sources, including:
- Electronics Materials Report
- Cosmetics & Toiletries Journal
- S. Department of Commerce Industry Reports