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Boron nitride is a refractory compound of nitrogen and boron. It occurs in numerous crystalline forms. The electronic structure or number of electrons of these forms is similar to that of carbon lattice. Boron nitride is non-toxic and a bad conductor of heat and electricity. It is an excellent substitute for lubricants (such as organic waxes and oils, molybdenum disulfide, and graphite) in metal processing. In a number of cases, boron nitride significantly improves the effectiveness of these applications. The hexagonal form of boron nitride, which is similar to graphite, is the most stable and soft among boron nitride polymorphs. It is used as an additive in cosmetic products. It is also used as a lubricant. The cubic form of boron nitride, similar to diamond, is called c-boron nitride. It is softer than diamond; however, its thermal and chemical stability is far superior to that of diamond. Wurtzite boron nitride is rare and similar to lonsdaleite (hexagonal diamond). It is even harder than the cubic form of boron nitride. Boron nitride ceramics are usually used as parts of high-temperature equipment owing to their excellent chemical and thermal stability. Boron nitride also has potential use in nanotechnology. Nanotubes made of boron nitride have a structure similar to that of carbon nanotubes; however, the properties are different.

The hexagonal form of boron nitride powder offers superior thermal conductivity and dielectric strength when used as filler in polymers that are employed in electronics applications. Benefits of the intrinsic properties of boron nitride, such as corrosion resistance, chemical inertness, high temperature resistance, and high oxidation resistance, is anticipated to augment the demand for boron nitride in metal processing applications. Furthermore, rise in demand for boron nitride as an insulator in high-temperature furnaces is expected to boost the boron nitride market in the near future. The notable hardness of boron nitride makes it an ideal material for the manufacture of insulators, which are used in high-temperature furnaces. Furthermore, it can be hot pressed to create the preferred shape of the insulator with properties such as thermal shock resistance, corrosion resistance, low dielectric constant, and high electrical resistance.

The boron nitride powder market can be segmented based on form type, application, and region. In terms of form type, the boron nitride powder market can be divided into amorphous form, hexagonal form, cubic form, wurtzite form, and others. Based on application, the boron nitride powder market can be segregated into coatings & mold release, composites, electrical insulation, lubrication (industrial), paints, lubricants (food), personal care, thermal spray, and others.

Based on region, the global boron nitride powder market can be split into Latin America, North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific dominated the boron nitride powder market in 2016. This trend is anticipated to continue during the forecast period. Currently, China accounts for the major share of the boron nitride powder market. The country is anticipated to remain the largest market for boron nitride powder throughout the forecast period. India is anticipated to be a rapidly growing country of the boron nitride powder market in the next few years. Furthermore, increase in demand for boron nitride powder in electrical insulation and coatings & mold release applications coupled with the rapid increase in need of boron nitride powder in personal care and food-lubricants applications is anticipated to drive the market in the Asia Pacific region.

Key players operating in the boron nitride powder market include Saint-Gobain, Henze BNP AG, The 3M Company, Kennametal, Mizushima Ferroalloy Co., Ltd., Denka Company Ltd, ZYP Coatings Inc., Showa Denko K.K., H.C. Stark GmbH, and Momentive Performance Materials Inc. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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Boron Nitride Powder Market

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