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Pyrolytic Boron Nitride Market Outlook: Opportunities in Smart Devices and Thermal Insulation

Posted on by darion

The global pyrolytic boron nitride (PBN) market generated sales revenue of USD 201.8 million in 2022 and is estimated to reach USD 211.4 million by 2023. During the forecast period demand for PBN it is expected to grow at a steady CAGR of 5.2%, driven by increasing use in industries such as electronics, semiconductors and aerospace due to its excellent thermal stability, chemical resistance and high purity. The market size is expected to expand significantly by 2033, reaching a valuation of USD 350.2 million, as technological advancements and innovations in end-use industries continue to expand the scope of PBN applications.

Several factors are expected to fuel the growth of the global pyrolytic boron nitride market. These include the development of end-use industries, increased R&D activities and a strong industrial foundation.

The demand for pyrolytic boron nitride (PBN) is expected to increase continuously over the assessment period due to the increasing demand for smart devices. Pyrolytic boron nitride has been found to have better properties than several of its better-known counterparts.

Consumers prefer PBN due to its high thermal shock resistance, excellent thermal conductivity, high strength and low coefficient of thermal expansion. PBN stands out from competing high-quality materials with its non-porous structure, low density and excellent dielectric strength. These features make it suitable for applications such as display panels, 3D printing, thermal insulation and semiconductors.

The growing semiconductor and electronics sector is expected to drive demand for PBN. This is due to the increasing use of pyrolytic boron nitride in the production of several complex semiconductors and electronics.

PBN is widely used in the semiconductor and electronics sectors due to its several advantages. These include exceptional operational reliability, non-toxicity, excellent thermal shock resistance, etc. The growing potential of the PBN market can be linked to the flourishing growth and advancement of the OLED display industry.

Increased use of graphite products covering PBN is also increasing 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 coated graphite is formed into 3D or 2D objects.

PBN coated graphite is increasingly used in crucibles, plates, pipes and boats. Due to its thermal properties, it is expected to bring lucrative opportunities to the PBN market.

Key Takeaways from the Pyrolytic Boron Nitride Market Report:

  • By 2033, the global pyrolytic boron nitride market is estimated to reach approximately USD 350.2 million.
  • Based on grade, the ultrapure segment is expected to grow at 2% CAGR through 2033.
  • According to the applications, the CSCG segment will reach a valuation of USD 184.8 million by 2033.
  • By 2033, the crucible segment by product type is expected to reach $7 million.
  • It is forecast that by 2033 the value of the United States market will reach USD 60.2 million.
  • Sales revenues in China are expected to reach $104.6 million by the end of 2033.
  • Demand in South Korea is expected to grow at a CAGR of 4% between 2023 and 2033.
  • By 2033, Japan is expected to be worth $13.1 million
  • UK industry is poised to show a CAGR of 2% by 2033.

“The rising demand for pyrolytic boron nitride across several industries owing to falling costs is likely to excite 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 where demand is expected to be strong by 2033, including semiconductors, OLDED displays and 3D printing.” – says the chief analyst at FMI

Who wins?

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 the main producers of pyrolytic boron nitride listed in the full report.

These players are expected to invest heavily in research and development to explore new manufacturing processes and application areas for this product.

Contact our sales team to secure your copy of the report now!

Global Pyrolytic Boron Nitride Market Segmentation

by class:

by product type:

  • Crucibles
  • It beats
  • Rods
  • Plates
  • Pipes
  • Coatings
  • Others

by application:

  • Wafer processing
  • OLED
  • Furnace elements
  • 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, Stevie Award winner and member of the Greater New York Chamber of Commerce) offers in-depth knowledge of the drivers of market demand. FMI is a leading global provider of market information, advisory, consulting and events services for the packaging, food and beverage, consumer technology, healthcare, industrial and chemicals markets. With a huge team of over 400 analysts worldwide FMI provides global, regional and local expertise in a variety of domains and industry trends in over 110 countries. Join us to celebrate 10 years of providing trusted market insights. Looking back on a decade of achievements, we continue to lead with integrity, innovation and expertise.

Contact us:

Future Market Insights Inc.
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T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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