The Global Pyrolytic Boron Nitride Market is estimated to expand at a remarkable growth rate of 5.2% CAGR over the forecast period between 2022 and 2032, finding future market insights (FMI) in a recent market analysis.
Pyrolytic boron nitride is an anisotropic, high temperature material with excellent thermal conductivity and severe electrical resistance. Pyrolytic boron nitride is made using a high temperature, low pressure chemical vapor deposition method using ammonia and boron halide. It is a useful material for semiconductor and electronic device applications due to its outstanding thermal and mechanical properties.
Pyrolytic boron nitride demand is predicted to increase throughout the course of the anticipated time frame due to the fast increase in demand for smart gadgets. It has been demonstrated that pyrolytic boron nitride performs better than a number of its more well-known substitutes. PBN has good thermal conductivity, high strength, and a low coefficient of thermal expansion, which make it resistant to thermal shocks. PBN distinguishes itself from competing materials thanks to its distinctive features, which include its high grade, low density, non-porous structure, and high dielectric strength. All these attributes make it suitable for use in a range of applications.
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The growing semiconductor industry is driving the demand for the PBN. The expansion of the semiconductor and electronics markets is attributed to the development of the OLED display as well as the PBN market. Some of the major advantages of using PBN in the semiconductor and electronics industries include excellent performance reliability; non-toxicity; does not react with molten metals and their compounds; good thermal shock resistance etc. The expanding potential of the PBN market can be attributed to the thriving growth and advancement in the OLED display sector.
On the other hand, increased use of PNB coating graphite products also elevates the consumption of PBN. Graphite is a suitable material in a variety of thermal applications because of its thermal characteristics and chemical resistance. PNB is applied or deposited as a coating on graphite. The coated graphite is processed into 3D or 2D articles. Increased adoption of PNB-coated graphite is significantly used as tubes, crucibles, wafers, and boats. therefore, it is creating the positive outlook and demand for PBN.
“Growing demand for Pyrolytic Boron Nitride in end-use industries owing to their lower cost is expected to bolster the demand for Pyrolytic Boron Nitride in the forecast period of 2022-2032,” says an FMI analyst.
Key Takeaways:
- The Global Pyrolytic Boron Nitride Market is expected to attain a value of over US$ 333.9 Mn by the end of the forecast period, growing at a CAGR of 2% over the forecast period.
- Rising demand for Pyrolytic Boron Nitride in end-use industries such as semiconductors, OLEDs, and CSCG has pushed the growth of the market in recent years.
- Key players are working on propelling the sale of Pyrolytic Boron Nitride to meet the rising demand across the globe.
- The increasing usage and demand for Pyrolytic Boron Nitride in the production of crucibles, plates, boats, and other and PBN’s exceptional properties, such as superior mechanical strength and thermal stability, are expected to drive PBN demand during the forecast period.
- The presence of enormous consumer base, R&D activities, growth of the end-use industries and a strong industrial base are some of the key factors propelling the demand.
Competitive Landscape
Shin-Etsu Chemical Co., Ltd., Morgan Advanced Materials, Beijing Boyu Semiconductor Vessel Craftwork Technology Co., Ltd, Innovacera Technical Ceramic Solutions, Liling Xing Tai Long Special Ceramics Co., ltd, Shandong Pengcheng Special Ceramics, Shenyang Shunli Graphite Co., Ltd., Shandong Yuwang Industrial Co. Ltd., Momentive Technologies, Xing Tai Long Special Ceramics Co and various others are some of the key manufacturers of Pyrolytic Boron Nitride profiled in the full version of the report.
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Pyrolytic Boron Nitride Market Segmentation
By Grade:
- High Pure
- Ultra-pure
By Product Type:
- Crucibles
- Boats
- Rods
- Plates
- Tubes
- Coatings
- Others
By Application:
- Wafer Processing
- OLED
- Furnace Components
- CSCG
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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