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Boron Nitride Market Size & Growth (2020-2027): Key Players, Demand, and Opportunities

The boron nitride market is expected to witness a significant increase in demand over the forecast period. This is due to the rise in the use of boron nitride for manufacturing high-strength composites and for making insulators.

Hexagonal boron nitride is one of the most widely used boron nitride types for manufacturing high-strength composites. It is 50% stronger than steel and 10 times more elastic, which means it can withstand more strain.

This makes it a great choice for use in structural components such as beams and bridges. In addition, it offers superior thermal conductivity and chemical inertness.

Moreover, the use of boron nitride in metal processing applications is expected to drive the market in the future. This is due to the high hardness of the boron nitride and its high resistance to oxidation.

Pyrolytic boron nitride is also an essential component in the production of OLED displays, as it can withstand the heat generated during the plasma-based synthesis. The pyrolytic boron nitride market will continue to grow in the coming years due to the increasing popularity of OLED technology.

The boron nitride and hot pressed shapes market is expected to grow at a CAGR of 4.1% between 2022 and 2028. The report provides an in-depth analysis of the key factors impacting the boron nitride market, along with the prevailing trends and challenges. It also gives a detailed analysis of the leading countries.