육방정 질화붕소 시장 기회, 성장 촉진요인, 산업 동향 분석 및 예측(2025-2034년)

The Global Hexagonal Boron Nitride (HBN) Market was valued at USD 954.1 million in 2024 and is poised to grow at a CAGR of 5.5% from 2025 to 2034. This growth is being driven by surging demand across industries such as electronics, aerospace, and automotive. Renowned for its exceptional properties, including high thermal conductivity, superior electrical insulation, and remarkable chemical stability, hexagonal boron nitride is emerging as a critical material for advanced applications in modern technologies.

The premium-grade segment of the hBN market accounted for USD 517.3 million in 2024 and is projected to expand at a CAGR of 6% through 2034. This growth reflects its increasing adoption in industries that demand high-performance materials for mission-critical applications. Premium-grade hBN is highly sought after for its superior quality and reliability, finding applications in thermal interface materials, high-frequency device substrates, and aerospace components. Its ability to withstand extreme conditions while delivering consistent performance makes it a key material in fast-evolving sectors like 5G infrastructure and electric vehicles (EVs). Moreover, innovations in manufacturing processes are achieving higher purity levels, further elevating its market potential.

The thermal management application of hBN reached USD 319 million in 2024 and is expected to grow at a CAGR of 6.2% from 2025 to 2034. With the ongoing miniaturization of electronic devices and the rise in power densities, efficient heat dissipation has become crucial. Hexagonal boron nitride's outstanding thermal properties position it as a preferred material for thermal interface solutions, microprocessors, LED lighting, and power modules. In the automotive industry, particularly in EV batteries and charging systems, hBN is increasingly used to enhance both safety and efficiency. Its expanding role in addressing the needs of high-performance thermal management systems underscores its importance in future-forward applications.

The U.S. hexagonal boron nitride market was valued at USD 307 million in 2024 and is forecasted to grow at a CAGR of 6.4% through 2034. The United States remains a key player in the global market, bolstered by its robust aerospace, automotive, and electronics sectors. Advances in technology and materials science are accelerating demand for hBN in applications such as thermal management systems and electrical insulation for semiconductors. The expansion of the EV market, along with increased investments in lightweight composites, is driving the use of hBN in battery systems and heat-resistant coatings. Additionally, government initiatives aimed at advancing defense and aerospace technologies are further fueling market growth in the region.

Table of Contents

Chapter 1 Methodology & Scope

• 1.1 Market scope & definition
• 1.2 Base estimates & calculations
• 1.3 Forecast calculations
• 1.4 Data sources
  • 1.4.1 Primary
  • 1.4.2 Secondary
    • 1.4.2.1 Paid sources
    • 1.4.2.2 Public sources

Chapter 2 Executive Summary

• 2.1 Industry synopsis, 2021-2034

Chapter 3 Industry Insights

• 3.1 Industry ecosystem analysis
  • 3.1.1 Factor affecting the value chain
  • 3.1.2 Profit margin analysis
  • 3.1.3 Disruptions
  • 3.1.4 Future outlook
  • 3.1.5 Manufacturers
  • 3.1.6 Distributors
• 3.2 Supplier landscape
• 3.3 Profit margin analysis
• 3.4 Key news & initiatives
• 3.5 Regulatory landscape
• 3.6 Impact forces
  • 3.6.1 Growth drivers
    • 3.6.1.1 Growing electronics industry
    • 3.6.1.2 Advancements in Material Science
    • 3.6.1.3 Sustainability push
  • 3.6.2 Industry pitfalls & challenges
    • 3.6.2.1 High production costs
    • 3.6.2.2 Competition from substitutes
• 3.7 Growth potential analysis
• 3.8 Porter’s analysis
• 3.9 PESTEL analysis

Chapter 4 Competitive Landscape, 2024

• 4.1 Introduction
• 4.2 Company market share analysis
• 4.3 Competitive positioning matrix
• 4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Grade, 2021-2034 (USD Million) (Tons)

• 5.1 Key trends
• 5.2 Premium grade
• 5.3 Standard grade
• 5.4 Custom grade

Chapter 6 Market Estimates & Forecast, By Application, 2021-2034 (USD Million) (Tons)

• 6.1 Key trends
• 6.2 Thermal management
• 6.3 Electrical insulation
• 6.4 Lubrication
• 6.5 Coatings
• 6.6 Personal care products
• 6.7 Composites
• 6.8 Others

Chapter 7 Market Estimates & Forecast, By End Use Industry, 2021-2034 (USD Million) (Tons)

• 7.1 Key trends
• 7.2 Electronics & semiconductor
• 7.3 Aerospace & defense
• 7.4 Automotive
• 7.5 Healthcare
• 7.6 Personal care & cosmetics
• 7.7 Others

Chapter 8 Market Estimates & Forecast, By Region, 2021-2034 (USD Million) (Tons)

• 8.1 Key trends
• 8.2 North America
  • 8.2.1 U.S.
  • 8.2.2 Canada
• 8.3 Europe
  • 8.3.1 UK
  • 8.3.2 Germany
  • 8.3.3 France
  • 8.3.4 Italy
  • 8.3.5 Spain
  • 8.3.6 Russia
• 8.4 Asia Pacific
  • 8.4.1 China
  • 8.4.2 India
  • 8.4.3 Japan
  • 8.4.4 South Korea
  • 8.4.5 Australia
• 8.5 Latin America
  • 8.5.1 Brazil
  • 8.5.2 Mexico
• 8.6 MEA
  • 8.6.1 South Africa
  • 8.6.2 Saudi Arabia
  • 8.6.3 UAE

Chapter 9 Company Profiles

• 9.1 3M
• 9.2 American Elements
• 9.3 Denka Company
• 9.4 Grolltex
• 9.5 Henze Boron Nitride Products
• 9.6 Momentive Technologies
• 9.7 Panadyne
• 9.8 Precision Ceramics
• 9.9 Resonac Holdings Corporation
• 9.10 Saint-Gobain