PUBLISHER: Grand View Research | PRODUCT CODE: 1587812
PUBLISHER: Grand View Research | PRODUCT CODE: 1587812
The global pyrolytic boron nitride market size was estimated at USD 173.0 million in 2023 and is forecasted to grow at a CAGR of 6.1% from 2024 to 2030. The market is primarily driven by its growing application in high-tech industries such as semiconductor manufacturing, aerospace, and electronics. PBN's excellent thermal stability, chemical resistance, and electrical insulation properties make it an essential material for use in chemical vapor deposition (CVD) processes, semiconductor wafer carriers, and crucibles used in the production of advanced materials such as gallium arsenide. In addition, with the rapid expansion of the electronics and semiconductor industries, particularly in regions such as Asia Pacific and North America, the demand for PBN is expected to grow steadily.
The rise in demand for high-purity materials in various high-temperature and corrosive environments further supports the product demand. Moreover, PBN's unique properties, including its non-reactivity with most acids, bases, and salts at high temperatures, make it ideal for critical applications in the chemical processing industry and advanced laboratory equipment. The growing emphasis on material purity and performance, especially in precision industries such as optics and medical devices, is expected to increase the adoption of PBN, thereby driving market growth.
One of the major opportunities for growth in the pyrolytic boron nitride (PBN) market lies in the expanding use of PBN in the renewable energy sector, particularly in solar panels and advanced batteries. As the global push for clean energy intensifies, materials such as PBN, which are known for their high purity and thermal conductivity, are becoming increasingly vital for enhancing the efficiency and durability of energy storage systems and solar cell production. The ongoing advancements in photovoltaic technologies and the rising demand for high-performance materials in renewable energy infrastructure offer significant growth prospects for PBN manufacturers.
However, the complex chemical vapor deposition process required to manufacture pyrolytic boron nitride (PBN) is energy-intensive and expensive, which raises the overall cost of the final product. This can limit its widespread adoption, especially in cost-sensitive industries or in applications where less expensive alternatives such as aluminum nitride or hexagonal boron nitride can be used. The price sensitivity of certain sectors, such as general consumer electronics, can act as a deterrent to market growth.
The PBN market is characterized by the presence of several established players, with a few companies dominating the global supply due to the technical expertise required in PBN production. Major players such as Momentive Technologies and Shin-Etsu Chemical Company, Ltd. are investing heavily in research and development to improve the quality, performance, and scalability of PBN products. These companies are also focusing on expanding their product portfolios to cater to a diverse range of industries, from semiconductors to aerospace, enhancing their competitive position in the market.
Global Pyrolytic Boron Nitride Market Report Segmentation
This report forecasts revenue growth at regional & country levels and provides an analysis of the industry trends in each of the segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global pyrolytic boron nitride market on the basis of grade, application, and region: