Product Code: ETC199296 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
The India hexagonal boron nitride market import shipment demonstrated a steady expansion with a CAGR of 2.4% from 2020 to 2024. Particularly noteworthy is the accelerated growth rate of 21.7% observed between 2023 and 2024, indicating a significant upward momentum in the market during that period.
Hexagonal boron nitride (hBN) is a synthetic material with unique thermal, electrical, and mechanical properties. It has become increasingly popular in recent years due to its ability to function as an insulator or dielectric at high temperatures. Hexagonal boron nitride can be used for various applications such as coating tools and dies, lubrication of precision machinery parts, heat sinks, and metal plating processes.
The increasing demand for hexagonal boron nitrides from the automotive industry is one of the major factors driving growth of the global market. Increasing adoption of electric vehicles that require lightweight materials such as hBN are expected to further contribute towards growth over the forecast period. Additionally, technological advancements have enabled manufacturers to develop cost-effective products which is leading to higher acceptance among consumers thus positively impacting market growth over the forecast period.
High costs associated with production process may hamper market growth over the forecast period. Additionally volatile raw material prices may also inhibit overall market revenue generation over the coming years.
The outbreak coronavirus has had a significant impact on demand for hBN due to slow down in production activities across industries such as automotive especially in Asia Pacific region where majority of these products were consumed mostly by China prior COVID 19 pandemic situation.. This will likely cause short term slump in demand however it is expected that post covid 19 economic recovery will revive production activities resulting into increased sales volumes globally eventually leading towards steady longterm expansion prospects.
The Hexagonal Boron Nitride market in India is expected to experience a moderate growth over the forecast period. This growth can be attributed to rapid industrialization, growing demand for high-performance materials and increased application of boron nitride in thermal management solutions across various industries including aerospace, automotive, defense and general engineering sectors. The Covid-19 pandemic has had a mixed impact on the Hexagonal Boron Nitride market in India. On one hand it has led to disruption of supply chains due to lockdown restrictions imposed by the government which might hamper sales volumes of these products; however, on the other hand there is an increase in demand from various industries as they focus more on quality assurance and enhanced performance levels during such turbulent times. Thus overall this could result in a positive outlook for this industry going forward.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Hexagonal Boron Nitride Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Hexagonal Boron Nitride Market Revenues & Volume, 2021 & 2031F |
3.3 India Hexagonal Boron Nitride Market - Industry Life Cycle |
3.4 India Hexagonal Boron Nitride Market - Porter's Five Forces |
3.5 India Hexagonal Boron Nitride Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Hexagonal Boron Nitride Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Hexagonal Boron Nitride Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for advanced ceramics and composites in various industries |
4.2.2 Growing investments in research and development activities |
4.2.3 Rising awareness about the benefits of hexagonal boron nitride in high-temperature applications |
4.3 Market Restraints |
4.3.1 High production costs associated with hexagonal boron nitride |
4.3.2 Limited availability of raw materials |
4.3.3 Stringent regulations and environmental concerns related to the production process |
5 India Hexagonal Boron Nitride Market Trends |
6 India Hexagonal Boron Nitride Market, By Types |
6.1 India Hexagonal Boron Nitride Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Hexagonal Boron Nitride Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Hexagonal Boron Nitride Market Revenues & Volume, By Tubes, 2021-2031F |
6.1.4 India Hexagonal Boron Nitride Market Revenues & Volume, By Rods, 2021-2031F |
6.1.5 India Hexagonal Boron Nitride Market Revenues & Volume, By Discs, 2021-2031F |
6.1.6 India Hexagonal Boron Nitride Market Revenues & Volume, By Gaskets, 2021-2031F |
6.1.7 India Hexagonal Boron Nitride Market Revenues & Volume, By Crucible, 2021-2031F |
6.1.8 India Hexagonal Boron Nitride Market Revenues & Volume, By Sheets, 2021-2031F |
6.2 India Hexagonal Boron Nitride Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Hexagonal Boron Nitride Market Revenues & Volume, By Electrical & Insulation, 2021-2031F |
6.2.3 India Hexagonal Boron Nitride Market Revenues & Volume, By Lubrication, 2021-2031F |
6.2.4 India Hexagonal Boron Nitride Market Revenues & Volume, By Coatings & Mold Release, 2021-2031F |
6.2.5 India Hexagonal Boron Nitride Market Revenues & Volume, By Cosmetics, 2021-2031F |
6.2.6 India Hexagonal Boron Nitride Market Revenues & Volume, By Composites, 2021-2031F |
6.2.7 India Hexagonal Boron Nitride Market Revenues & Volume, By Thermal Spray, 2021-2031F |
7 India Hexagonal Boron Nitride Market Import-Export Trade Statistics |
7.1 India Hexagonal Boron Nitride Market Export to Major Countries |
7.2 India Hexagonal Boron Nitride Market Imports from Major Countries |
8 India Hexagonal Boron Nitride Market Key Performance Indicators |
8.1 Average selling price of hexagonal boron nitride products |
8.2 Number of patents filed for new applications of hexagonal boron nitride |
8.3 Level of investment in hexagonal boron nitride production technologies |
8.4 Research and development expenditure focused on hexagonal boron nitride applications |
8.5 Adoption rate of hexagonal boron nitride in emerging industries |
9 India Hexagonal Boron Nitride Market - Opportunity Assessment |
9.1 India Hexagonal Boron Nitride Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Hexagonal Boron Nitride Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Hexagonal Boron Nitride Market - Competitive Landscape |
10.1 India Hexagonal Boron Nitride Market Revenue Share, By Companies, 2024 |
10.2 India Hexagonal Boron Nitride Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |