Pyrolytic boron nitride is expected to grow at a compound annual growth rate (CAGR) of 5.2% in the global market over the forecast period. According to projections, the market’s total sales revenue will rise from USD 211.4 million in 2023 to USD 350.2 million by 2033.
It is anticipated that a number of factors will propel the global market for pyrolytic boron nitride. These consist of a robust industrial base, a growth in research and development, and the extension of end-use industries.
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.
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Consumers prefer PBN due to its high resistance to thermal shocks, superior thermal conductivity, high strength, and low coefficient of thermal expansion. PBN stands out from competing materials because of its high grade, non-porous structure, low density, and excellent dielectric strength. These characteristics make it suitable for applications like display panels, 3D printing, thermal insulation, and semiconductors.
The expanding semiconductor and electronics sectors are anticipated to drive PBN demand. This is due to rising usage of pyrolytic boron nitride for manufacturing several compound semiconductors and electronics.
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 As a result, it is expected to present lucrative opportunities for the PBN market.
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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, ultra-pure segment is expected to rise at 2% CAGR through 2033.
- By applications, CSCG segment is set to reach a valuation of US$ 184.8 million by 2033.
- By product type, crucibles segment is expected to total US$ 7 million by 2033.
- The United States market value is forecast to 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 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 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 a lead analyst at FMI
Who is Winning?
Momentive Technologies, Xing Tai Long Special Ceramics Co, Morgan Advanced Materials, Innovacera Technical Ceramic Solutions, Shin-Etsu Chemical Co., Ltd., Beijing Boyu Semiconductor Vessel Craftwork Technology Co., Ltd., Shandong Yuwang Industrial Co., Ltd., and Shenyang Shunli Graphite Co., Ltd. are top pyrolytic boron nitride manufacturers listed in the report’s complete version.
These players are expected to invest heavily in research and development to explore new manufacturing processes and application areas for this product.
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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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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