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LONDON--(BUSINESS WIRE)--The global hexagonal boron nitride market size is poised to grow by USD 237.86 million during 2020-2024, progressing at a CAGR of almost 6% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis. Increasing demands from the electronics and metallurgy industries are one of the key drivers for the hexagonal boron nitride market. One of the main reasons for its increased demand is the property of superior dielectric strength and thermal conductivity when it is used as fillers in polymers that are used in electronics applications. The intrinsic properties of boron nitride, including high oxidation resistance, chemical inertness, corrosion resistance, and high-temperature resistance, will increase the use of boron nitride in metal processing applications. These characteristics of hexagon boron nitride would be one of the main reasons for its growth during the forecast period. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Report Highlights: Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Use of Hexagon as an Insulator will be a Key Market Trend Hexagons high-temperature resistance property is the main reason for this. The notable hardness of the material makes it ideal for manufacturing insulators used in high-temperature furnaces. Additionally, the compound can be hot-pressed to obtain insulators with the desired shape and with properties such as high electrical resistance, low dielectric constant, corrosion resistance, and thermal shock resistance. Therefore this trend is expected to increase during the forecast period. Technavios sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report Hexagonal Boron Nitride Market 2020-2024: Key Highlights Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Executive Summary Market Landscape Market Sizing Five Forces Analysis Market Segmentation by Application Market Segmentation by End-user Customer landscape Geographic Landscape Vendor Landscape Vendor Analysis Appendix About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Answer: Hexagonal Boron Nitride Market|Abundance of Boron Minerals to Boost the Market Growth | Technavio