H-BN is witnessing increasing demand from diverse applications including as substrate for graphene-based electronics, low-dielectric constant railing materials, corrosion resistance coatings, antioxidation coatings, ammonia and ethanol sensing, and other applications. The launch of a wide range of commercial H-BN products varying from hundreds of nanometers to tens of microns in size is supporting business prospects for vendors.
Leading vendors continue to market superior properties of H-BN including electric insulation, low dielectric constant, ease of manufacturing, stability across wide temperature range, resistance to wear and tear, corrosion, and chemicals. Further, advancements in the manufacturing process including mechanical exfoliation, liquid exfoliation, ion intercalation, CVD/PVD/IBAD, magnetron sputtering, and others drive the market prospects.
The rapid growth in the global electronic packaging industry continue to drive the market size outlook of H-BN. It is widely marketed as an alternative lubricant to graphite, efficient heat dissipation in electronic devices, excellent optical properties supporting functional semiconductor applications, and improved mechanical component durability in biomedical applications. In particular, the combination of h-BN and GaN are widely marketed for GaN(AlN)-based optoelectronic devices.
In addition, the rapid growth in the biomedical industry is encouraging the demand for Hexagonal Boron Nitride. The use of Hexagonal Boron Nitride in drug delivery systems, biosensors, bioimaging, tissue engineering applications, antimicrobial coatings, and wound healing applications is encouraging companies to investments in new product launches.
Superior properties of h-BN substrates high thermal conductivity, excellent electrical insulation, and chemical stability are promoting the sales of Hexagonal Boron Nitride across electronics, semiconductors, and renewable energy industries. In particular, the market penetration is robust in the U.S., China, and South Korea markets. Further, advancements in chemical vapor deposition and powder sintering techniques will lower costs to drive h-BN demand across emerging countries.
GaN-based power electronics and optoelectronics require efficient heat management. With rapid adoption of the GaN devices across 5G infrastructure and electric vehicles, substrate manufacturers are increasingly targeting GaN device companies. Further, high-frequency and high-power electronic devices remain the key targets of manufacturers driven by superior thermal conductivity in the range of 60–200 W/m·K. In addition, with the global quantum computing growing rapidly, the demand for low dielectric constant and high thermal stable h-BN is increasing steadily. Hexagonal boron nitride also enhances battery safety by acting as thermal insulators to offer energy-efficient and safe storage technologies in the energy storage industry.
The composites segment is poised to register the fastest growth rate of 5.4% CAGR in the global hexagonal boron nitride (h-BN) market. Thermal conductivity, electrical insulation, chemical stability, and lightweight characteristics of h-BN continue to drive the demand in composites. Technological advancements in composite manufacturing processes including hot-press sintering and additive manufacturing drive the long-term market prospects. Momentive Performance Materials Inc., 3M, and Kennametal Inc. are focusing on innovative h-BN composite solutions for high-performance applications. In addition, hybrid composites combining graphene and carbon nanotubes with h-BN are widely explored across applications. In particular, aerospace and automotive industries in the US and Europe are focusing on h-BN based composites. Chinese rapidly growing thermal management applications also drive the long-term market prospects for h-BN sellers.
The U.S. aerospace and defense industry continues to be the largest contributor to the h-BN market share. Manufacturers of thermal protection systems, high-temperature insulators, and structural composites for spacecraft and aircraft are the most prominent target customers for h-BN vendors. NASA’s Artemis program, the US DOD hypersonic weaponry, and others support the sales of h-BN in the country.
Similarly, the growing 5G infrastructure, electric vehicles (EVs), and high-performance computing remain the most potential growth sectors in the country. h-BN companies are also increasingly marketing the products for use in EV battery thermal management systems, high-temperature lubricants, and polymer composites. High-performance lubricants used in precision engineering and automotive applications support the market prospects. In addition, strong growth in the wind turbines, solar panels, solid-state batteries, and others further augment the market outlook.
The Hexagonal Boron Nitride market is partially fragmented with companies focusing on new product launches for diverse applications. 3M Company, American Elements, Denka Company Ltd, Groltex Inc, Henze-BNP, Momentive, Saint Gobain, Showa Denko K.K., Yara International, ZYP Coatings Inc., and others are the leading companies in the industry.
Parameter |
Details |
Market Size (2025) |
$925.5 Million |
Market Size (2034) |
$1.47 Billion |
Market Growth Rate |
5.2% |
Largest Segment- Type |
Substrates (32.1% Market Share) |
Largest Segment- Application |
Paints and Coatings (34.3% Revenue Share) |
Fastest Growing Market- Region |
Asia Pacific |
United States Nanocoatings Market Size |
$161 Million |
Segments |
Types, Applications, and End-Users |
Study Period |
2021- 2024 and 2025-2034 |
Units |
Revenue (USD) |
Qualitative Analysis |
Porter’s Five Forces, SWOT Profile, Market Share, Scenario Forecasts, Market Ecosystem, Company Ranking, Market Dynamics, Industry Benchmarking |
Companies |
3M Company, American Elements, Denka Company Ltd, Groltex Inc, Henze-BNP, Momentive, Saint Gobain, Showa Denko K.K., Yara International, ZYP Coatings Inc |
Countries |
US, Canada, Mexico, Germany, France, Spain, Italy, UK, Russia, Nordics, Benelux, China, India, Japan, South Korea, Australia, South East Asia, Brazil, Argentina, Saudi Arabia, UAE, Israel, South Africa, Middle East, Africa |
Types
Applications
End-Users
About USD Analytics
Table of Contents
List of Charts and Exhibits
List of Tables
1. Executive Summary
What’s New in 2025?
Top 10 Takeaways from the industry
Potential Opportunities for Industry Stakeholders
Strategic Imperatives
Company Market Positioning
Industry Benchmarking Matrix
2. Research Scope and Methodology
Market Definition
Market Segments
Companies Profiled
Research Methodology
Forecast Methodology
Conversion Rates for USD
Abbreviations
3. Strategic Landscape: Key Insights and Implications
Spotlight: Key Strategies opted by Business Leaders
Competitive Landscape
Market Size ($ Million) and Share (%) by Company, 2024
SWOT Analysis
- Key Market Strengths
- Key Market Weaknesses
- Potential Opportunities
- Potential Threats
Porter’s Five Force Analysis
- Summary
- Bargaining Power of Buyers- Impact Analysis
- Bargaining Power of Suppliers- Impact Analysis
- Threat of new entrants- Impact Analysis
- Intensity of Competitive Rivalry- Impact Analysis
Macro-Environmental Analysis
- Economic forecasts by Country, 2010- 2035
- Population forecasts by Country, 2010- 2035
- Inflation Outlook by Country, 2010-2035
- Impact of Russia-Ukraine Conflict, Sluggish China Growth, US Developments
5. Growth Opportunity Analysis
Trends at a Glance
- What are the most noteworthy trends in the market
- Where should leaders pay attention?
- What industries are likely to be affected by the growth?
Market Dynamics
- Charting a path forward
- Growth Drivers
- Growth Barriers
Key Industry Stakeholders
- Suppliers
- Manufacturers and Service Providers
- Distribution Channels
- End-Users and Applications
- Regulators
- Investors, Traders, and R&D Institutes
Regulatory Landscape
6. Market Size Outlook to 2034
Global Hexagonal Boron Nitride Market Size Forecast, USD Million, 2018- 2034
- Historic Market Size, 2018- 2024
- Forecast Market Size, 2024- 2034
Scenario Analysis
- Low Growth Scenario: Definition and Outlook to 2034
- Reference Case: Definition and Outlook to 2034
- High Growth Scenario: Definition and Outlook to 2034
Pricing Analysis and Outlook
- Hexagonal Boron Nitride Average Price Forecast, 2021- 2034
- Key Factors Shaping the Pricing Patterns
7. Historical Hexagonal Boron Nitride Market Size by Segments, 2018- 2024
Key Statistics, 2024
Hexagonal Boron Nitride Market Size Outlook by Type, USD Million, 2018- 2024
Growth Comparison (y-o-y) across Hexagonal Boron Nitride Types, 2018- 2024
Hexagonal Boron Nitride Market Size Outlook by Application, USD Million, 2018- 2024
Growth Comparison (y-o-y) across Hexagonal Boron Nitride Applications, 2018- 2024
8. Hexagonal Boron Nitride Market Size Outlook by Segments, 2024- 2034
Hexagonal Boron Nitride Market Size Outlook by Type, USD Million, 2024-2034
Growth Comparison (y-o-y) across Hexagonal Boron Nitride Types, 2024-2034
Hexagonal Boron Nitride Market Size Outlook by Applications, USD Million, 2024-2034
Growth Comparison (y-o-y) across Hexagonal Boron Nitride Applications, 2024-2034
Hexagonal Boron Nitride Market Size Outlook by End-Users, USD Million, 2024-2034
Growth Comparison (y-o-y) across Hexagonal Boron Nitride End-Users, 2024-2034
9. Hexagonal Boron Nitride Market Size Outlook by Region
North America
Key Market Dynamics
North America Hexagonal Boron Nitride Market Size Outlook by Type, USD Million, 2021-2034
North America Hexagonal Boron Nitride Market Size Outlook by Application, USD Million, 2021-2034
North America Hexagonal Boron Nitride Market Size Outlook by Sales Channel, USD Million, 2021-2034
North America Hexagonal Boron Nitride Market Size Outlook by Country, USD Million, 2021-2034
Europe
Key Market Dynamics
Europe Hexagonal Boron Nitride Market Size Outlook by Type, USD Million, 2021-2034
Europe Hexagonal Boron Nitride Market Size Outlook by Application, USD Million, 2021-2034
Europe Hexagonal Boron Nitride Market Size Outlook by Sales Channel, USD Million, 2021-2034
Europe Hexagonal Boron Nitride Market Size Outlook by Country, USD Million, 2021-2034
Asia Pacific
Key Market Dynamics
Asia Pacific Hexagonal Boron Nitride Market Size Outlook by Type, USD Million, 2021-2034
Asia Pacific Hexagonal Boron Nitride Market Size Outlook by Application, USD Million, 2021-2034
Asia Pacific Hexagonal Boron Nitride Market Size Outlook by Sales Channel, USD Million, 2021-2034
Asia Pacific Hexagonal Boron Nitride Market Size Outlook by Country, USD Million, 2021-2034
South America
Key Market Dynamics
South America Hexagonal Boron Nitride Market Size Outlook by Type, USD Million, 2021-2034
South America Hexagonal Boron Nitride Market Size Outlook by Application, USD Million, 2021-2034
South America Hexagonal Boron Nitride Market Size Outlook by Sales Channel, USD Million, 2021-2034
South America Hexagonal Boron Nitride Market Size Outlook by Country, USD Million, 2021-2034
Middle East and Africa
Key Market Dynamics
Middle East and Africa Hexagonal Boron Nitride Market Size Outlook by Type, USD Million, 2021-2034
Middle East and Africa Hexagonal Boron Nitride Market Size Outlook by Application, USD Million, 2021-2034
Middle East and Africa Hexagonal Boron Nitride Market Size Outlook by Sales Channel, USD Million, 2021-2034
Middle East and Africa Hexagonal Boron Nitride Market Size Outlook by Country, USD Million, 2021-2034
10. United States Hexagonal Boron Nitride Market Analysis and Outlook, 2021- 2034
Key Statistics
United States Hexagonal Boron Nitride Market Size Outlook by Type, 2021- 2034
United States Hexagonal Boron Nitride Market Size Outlook by Application, 2021- 2034
United States Hexagonal Boron Nitride Market Size Outlook by End-User, 2021- 2034
11. Canada Hexagonal Boron Nitride Market Analysis and Outlook, 2021- 2034
Key Statistics
Canada Hexagonal Boron Nitride Market Size Outlook by Type, 2021- 2034
Canada Hexagonal Boron Nitride Market Size Outlook by Application, 2021- 2034
Canada Hexagonal Boron Nitride Market Size Outlook by End-User, 2021- 2034
12. Mexico Hexagonal Boron Nitride Market Analysis and Outlook, 2021- 2034
Key Statistics
Mexico Hexagonal Boron Nitride Market Size Outlook by Type, 2021- 2034
Mexico Hexagonal Boron Nitride Market Size Outlook by Application, 2021- 2034
Mexico Hexagonal Boron Nitride Market Size Outlook by End-User, 2021- 2034
13. Germany Hexagonal Boron Nitride Market Analysis and Outlook, 2021- 2034
Key Statistics
Germany Hexagonal Boron Nitride Market Size Outlook by Type, 2021- 2034
Germany Hexagonal Boron Nitride Market Size Outlook by Application, 2021- 2034
Germany Hexagonal Boron Nitride Market Size Outlook by End-User, 2021- 2034
14. France Hexagonal Boron Nitride Market Analysis and Outlook, 2021- 2034
Key Statistics
France Hexagonal Boron Nitride Market Size Outlook by Type, 2021- 2034
France Hexagonal Boron Nitride Market Size Outlook by Application, 2021- 2034
France Hexagonal Boron Nitride Market Size Outlook by End-User, 2021- 2034
15. United Kingdom Hexagonal Boron Nitride Market Analysis and Outlook, 2021- 2034
Key Statistics
United Kingdom Hexagonal Boron Nitride Market Size Outlook by Type, 2021- 2034
United Kingdom Hexagonal Boron Nitride Market Size Outlook by Application, 2021- 2034
United Kingdom Hexagonal Boron Nitride Market Size Outlook by End-User, 2021- 2034
16. Spain Hexagonal Boron Nitride Market Analysis and Outlook, 2021- 2034
Key Statistics
Spain Hexagonal Boron Nitride Market Size Outlook by Type, 2021- 2034
Spain Hexagonal Boron Nitride Market Size Outlook by Application, 2021- 2034
Spain Hexagonal Boron Nitride Market Size Outlook by End-User, 2021- 2034
17. Italy Hexagonal Boron Nitride Market Analysis and Outlook, 2021- 2034
Key Statistics
Italy Hexagonal Boron Nitride Market Size Outlook by Type, 2021- 2034
Italy Hexagonal Boron Nitride Market Size Outlook by Application, 2021- 2034
Italy Hexagonal Boron Nitride Market Size Outlook by End-User, 2021- 2034
18. Benelux Hexagonal Boron Nitride Market Analysis and Outlook, 2021- 2034
Key Statistics
Benelux Hexagonal Boron Nitride Market Size Outlook by Type, 2021- 2034
Benelux Hexagonal Boron Nitride Market Size Outlook by Application, 2021- 2034
Benelux Hexagonal Boron Nitride Market Size Outlook by End-User, 2021- 2034
19. Nordic Hexagonal Boron Nitride Market Analysis and Outlook, 2021- 2034
Key Statistics
Nordic Hexagonal Boron Nitride Market Size Outlook by Type, 2021- 2034
Nordic Hexagonal Boron Nitride Market Size Outlook by Application, 2021- 2034
Nordic Hexagonal Boron Nitride Market Size Outlook by End-User, 2021- 2034
20. Rest of Europe Hexagonal Boron Nitride Market Analysis and Outlook, 2021- 2034
Key Statistics
Rest of Europe Hexagonal Boron Nitride Market Size Outlook by Type, 2021- 2034
Rest of Europe Hexagonal Boron Nitride Market Size Outlook by Application, 2021- 2034
Rest of Europe Hexagonal Boron Nitride Market Size Outlook by End-User, 2021- 2034
21. China Hexagonal Boron Nitride Market Analysis and Outlook, 2021- 2034
Key Statistics
China Hexagonal Boron Nitride Market Size Outlook by Type, 2021- 2034
China Hexagonal Boron Nitride Market Size Outlook by Application, 2021- 2034
China Hexagonal Boron Nitride Market Size Outlook by End-User, 2021- 2034
22. India Hexagonal Boron Nitride Market Analysis and Outlook, 2021- 2034
Key Statistics
India Hexagonal Boron Nitride Market Size Outlook by Type, 2021- 2034
India Hexagonal Boron Nitride Market Size Outlook by Application, 2021- 2034
India Hexagonal Boron Nitride Market Size Outlook by End-User, 2021- 2034
23. Japan Hexagonal Boron Nitride Market Analysis and Outlook, 2021- 2034
Key Statistics
Japan Hexagonal Boron Nitride Market Size Outlook by Type, 2021- 2034
Japan Hexagonal Boron Nitride Market Size Outlook by Application, 2021- 2034
Japan Hexagonal Boron Nitride Market Size Outlook by End-User, 2021- 2034
24. South Korea Hexagonal Boron Nitride Market Analysis and Outlook, 2021- 2034
Key Statistics
South Korea Hexagonal Boron Nitride Market Size Outlook by Type, 2021- 2034
South Korea Hexagonal Boron Nitride Market Size Outlook by Application, 2021- 2034
South Korea Hexagonal Boron Nitride Market Size Outlook by End-User, 2021- 2034
25. Australia Hexagonal Boron Nitride Market Analysis and Outlook, 2021- 2034
Key Statistics
Australia Hexagonal Boron Nitride Market Size Outlook by Type, 2021- 2034
Australia Hexagonal Boron Nitride Market Size Outlook by Application, 2021- 2034
Australia Hexagonal Boron Nitride Market Size Outlook by End-User, 2021- 2034
26. South East Asia Hexagonal Boron Nitride Market Analysis and Outlook, 2021- 2034
Key Statistics
South East Asia Hexagonal Boron Nitride Market Size Outlook by Type, 2021- 2034
South East Asia Hexagonal Boron Nitride Market Size Outlook by Application, 2021- 2034
South East Asia Hexagonal Boron Nitride Market Size Outlook by End-User, 2021- 2034
27. Rest of Asia Pacific Hexagonal Boron Nitride Market Analysis and Outlook, 2021- 2034
Key Statistics
Rest of Asia Pacific Hexagonal Boron Nitride Market Size Outlook by Type, 2021- 2034
Rest of Asia Pacific Hexagonal Boron Nitride Market Size Outlook by Application, 2021- 2034
Rest of Asia Pacific Hexagonal Boron Nitride Market Size Outlook by End-User, 2021- 2034
28. Brazil Hexagonal Boron Nitride Market Analysis and Outlook, 2021- 2034
Key Statistics
Brazil Hexagonal Boron Nitride Market Size Outlook by Type, 2021- 2034
Brazil Hexagonal Boron Nitride Market Size Outlook by Application, 2021- 2034
Brazil Hexagonal Boron Nitride Market Size Outlook by End-User, 2021- 2034
29. Argentina Hexagonal Boron Nitride Market Analysis and Outlook, 2021- 2034
Key Statistics
Argentina Hexagonal Boron Nitride Market Size Outlook by Type, 2021- 2034
Argentina Hexagonal Boron Nitride Market Size Outlook by Application, 2021- 2034
Argentina Hexagonal Boron Nitride Market Size Outlook by End-User, 2021- 2034
30. Rest of South America Hexagonal Boron Nitride Market Analysis and Outlook, 2021- 2034
Key Statistics
Rest of South America Hexagonal Boron Nitride Market Size Outlook by Type, 2021- 2034
Rest of South America Hexagonal Boron Nitride Market Size Outlook by Application, 2021- 2034
Rest of South America Hexagonal Boron Nitride Market Size Outlook by End-User, 2021- 2034
31. United Arab Emirates Hexagonal Boron Nitride Market Analysis and Outlook, 2021- 2034
Key Statistics
United Arab Emirates Hexagonal Boron Nitride Market Size Outlook by Type, 2021- 2034
United Arab Emirates Hexagonal Boron Nitride Market Size Outlook by Application, 2021- 2034
United Arab Emirates Hexagonal Boron Nitride Market Size Outlook by End-User, 2021- 2034
32. Saudi Arabia Hexagonal Boron Nitride Market Analysis and Outlook, 2021- 2034
Key Statistics
Saudi Arabia Hexagonal Boron Nitride Market Size Outlook by Type, 2021- 2034
Saudi Arabia Hexagonal Boron Nitride Market Size Outlook by Application, 2021- 2034
Saudi Arabia Hexagonal Boron Nitride Market Size Outlook by End-User, 2021- 2034
33. Rest of Middle East Hexagonal Boron Nitride Market Analysis and Outlook, 2021- 2034
Key Statistics
Rest of Middle East Hexagonal Boron Nitride Market Size Outlook by Type, 2021- 2034
Rest of Middle East Hexagonal Boron Nitride Market Size Outlook by Application, 2021- 2034
Rest of Middle East Hexagonal Boron Nitride Market Size Outlook by End-User, 2021- 2034
34. South Africa Hexagonal Boron Nitride Market Analysis and Outlook, 2021- 2034
Key Statistics
South Africa Hexagonal Boron Nitride Market Size Outlook by Type, 2021- 2034
South Africa Hexagonal Boron Nitride Market Size Outlook by Application, 2021- 2034
South Africa Hexagonal Boron Nitride Market Size Outlook by End-User, 2021- 2034
35. Rest of Africa Hexagonal Boron Nitride Market Analysis and Outlook, 2021- 2034
Key Statistics
Rest of Africa Hexagonal Boron Nitride Market Size Outlook by Type, 2021- 2034
Rest of Africa Hexagonal Boron Nitride Market Size Outlook by Application, 2021- 2034
Rest of Africa Hexagonal Boron Nitride Market Size Outlook by End-User, 2021- 2034
36. Key Companies
Market Share Analysis
Company Benchmarking
Financial Analysis
37. Recent Market Developments
38. Appendix
Looking Ahead
Research Methodology
Legal Disclaimer
Types
Applications
End-Users
Countries Analyzed
The global Hexagonal Boron Nitride Market Size is estimated at $925.5 Million in 2025
Hexagonal Boron Nitride Market Size is forecast to register an annual growth rate (CAGR) of 5.2% to reach $1466.3 Million by 2034.
Substrates (32.1% Market Share) Paints and Coatings (34.3% Revenue Share) Asia Pacific, US ($161 Million)
3M Company, American Elements, Denka Company Ltd, Groltex Inc, Henze-BNP, Momentive, Saint Gobain, Showa Denko K.K., Yara International, ZYP Coatings Inc
Base Year- 2024; Estimated Year- 2025; Historic Period- 2018-2024; Forecast period- 2025 to 2034; Currency: Revenue (USD); Volume