Pyrolytic boron nitride (PBN) demand is projected to rise steadily over the assessment period due to growing demand for smart devices. It has been established that pyrolytic boron nitride outperforms several of its more well-known equivalents.
The global pyrolytic boron nitride industry is anticipated to thrive at a CAGR of 5.2% during the assessment period. Total sales revenue in the market is projected to increase from US$ 211.4 million in 2023 to US$ 350.2 million by 2033.
Several factors are expected to drive the global pyrolytic boron nitride market forward. These include expanding end-use industries, increasing research & development activities, and a strong industrial foundation.
The expanding semiconductor and electronics sectors are anticipated to drive PBN demand. This is due to the rising usage of pyrolytic boron nitride for manufacturing several compound semiconductors and electronics.
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PBN is widely used in the semiconductor and electronics sectors due to its several advantages. These include outstanding performance reliability, non-toxicity, superior thermal shock resistance, etc. The rising potential of the PBN market may be linked to the thriving growth and progress of the OLED display industry.
Higher use of PBN-covering graphite products also raises PBN consumption. Due to its thermal properties and chemical resistance, graphite is desirable in a wide range of thermal applications. PBN is coated or deposited as a coating on graphite. The covered graphite is formed into 3D or 2D objects.
PBN-coated graphite is increasingly used in crucibles, wafers, tubes, and boats. For its thermal properties a result, it is expected to present lucrative opportunities for the PBN market.
Key Takeaways for the Pyrolytic Boron Nitride Market Report:
- The global pyrolytic boron nitride market is estimated to reach around US$ 350.2 million by 2033.
- Based on grade, the ultra-pure segment is expected to rise at 5.2% CAGR through 2033.
- By applications, the CSCG segment is set to reach a valuation of US$ 184.8 million by 2033.
- By product type, the crucibles segment is expected to total US$ 187.7 million by 2033.
- The United States market value will reach US$ 60.2 million by 2033.
- Sales revenue in China is anticipated to total US$ 104.6 million by the end of 2033.
- Demand in South Korea is expected to surge at 5.4% CAGR between 2023 and 2033.
- Japan is predicted to total US$ 13.1 million by 2033
- The United Kingdom industry is poised to exhibit a CAGR of 4.2% through 2033.
“Growing demand for pyrolytic boron nitride in several industries due to decreasing costs is likely to boost the pyrolytic boron nitride market during the assessment period. Manufacturers are focusing on PBN with high thermal conductivity to make it suitable for a range of applications that are expected to present high demand through 2033, including in semiconductors, OLDED displays, and 3D printing.” – says Nikhil Kaitwade, Associate Vice President at Future Market Insights, Inc.
Competitive Landscape
Top pyrolytic boron nitride manufacturers listed in the report’s complete version
- Shin-Etsu Chemical Company, Ltd.
- Morgan Advanced Materials
- Beijing Boyu Semiconductor Vessel Craftwork Technology Co.,Ltd
- Innovacera Technical Ceramic Solutions
- Liling Xing Tai Long Special Ceramics Co., Limited
- Shandong Pengcheng Special Ceramics Co., Ltd.
- Shenyang Shunli Graphite Co., Ltd.
- Shandong Yuwang Industrial Co., Ltd.
- Momentive Technologies
- Xing Tai Long Special Ceramics Co., Ltd.
These players are expected to invest heavily in research and development to explore this product’s new manufacturing processes and application areas.
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More Insights into the Pyrolytic Boron Nitride Market Report
FMI’s latest study provides an unbiased overview of the global pyrolytic boron nitride market, with historical data from 2019 to 2022 and projected figures from 2023 to 2033. The market is divided into segments to help comprehend its potential, growth, and scope.
Global Pyrolytic Boron Nitride Market Segmentation
By Grade:
- High Pure
- Ultra-Pure
By Product Type:
- Crucibles
- Beats
- Rods
- Plates
- Tubes
- Coatings
- Others
By Application:
- Wafer Processing
- OLED
- Furnace Components
- CSCG
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia and the Pacific
- Middle East and Africa
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