Boron Nitrate Powder Market Set to Reach USD 1,700 Million by 2026
According to the report, The global Boron Nitrate Powder Market in 2019 was approximately USD 1,200 Billion. The market is expected to grow at a CAGR of 4% and is anticipated to reach around USD 1,700 Million by 2026.
Boron Nitrate is an inorganic compound with the chemical formula BN. It has a similar shape to graphite, but the carbon atoms are replaced by boron and nitrogen atoms. It occurs in various crystalline forms and these forms are much similar to carbon lattice. It is also considered to be a bad conductor of heat and electricity. Boron Nitrate is also considered to be an excellent substitute for lubricants.
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The Boron Nitrate Powder market research report delivers an acute valuation and taxonomy of the Boron Nitrate Powder industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Boron Nitrate Powder industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the Boron Nitrate Powder industry is provided for the leading economies of the world.
The Boron Nitrate Powder market is segmented based on Form and Application. On the basis of form segmentation, the market is classified into Amorphous Form, Hexagonal Form, Cubic Form, Wurtzite Form. In terms of application, the market is bifurcated into Coatings & Mold Release, Composites, Electrical Insulation, Lubrication, Mechanical Tools, Paints, Personal Care, Thermal Spray, Others.
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Some of the essential players operating in the Boron Nitrate Powder market, but not restricted to include Saint-Gobain, Henze BNP AG, The 3M Company, Kennametal, Mizushima Ferroalloy Co., Ltd., Denka Company Ltd, ZYP Coatings Inc., Showa Denko K.K., H.C.Starck GmbH, Momentive Performance Materials Inc., and Others.
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