Hexagonal Boron Nitride Market Trends

Hexagonal Boron Nitride Market Trends

In the past decade, the hBN market has transitioned from specialized industrial uses to a broader presence in high-tech and consumer sectors. A heightened emphasis on sustainability has spurred research into hBN's potential roles in renewable energy, notably in solid-state batteries and hydrogen storage. Additionally, breakthroughs in synthesis methods, including chemical vapor deposition (CVD) and scalable powder production, have enhanced hBN's availability and affordability, paving the way for its expanded adoption.
 

According to the U.S. Geological Survey, the global production of boron minerals, which include boron nitride, reached approximately 4 million metric tons in 2023. The U.S. Department of Energy has identified boron nitride as a critical material for advanced energy applications, highlighting its importance in thermal management and electrical insulation. Furthermore, the European Union's Horizon 2020 program has funded several projects focusing on the development of hBN-based materials, underscoring its strategic significance in various high-tech industries.