Pyrolytic boron nitride (PBN) is an anisotropic, high temperature ceramic classified as a technical ceramic with high thermal conductivity and significant electrical resistance.
Pyrolytic boron nitride is created through the chemical vapour deposition of ammonia and boron halide at high temperatures and low pressures.
Pyrolytic boron nitride may be processed into crucibles, evaporation boats, plates, pipes, bottles, and other utensils with ease.
It has been demonstrated that pyrolytic boron nitride performs better than some of its more popular substitutes.
PBN distinguishes itself from other substitutes due to its exceptional properties such as high purity, low density, non-porous structure, and high dielectric strength.
Because of its superior thermal and mechanical qualities, it is an appealing material for electronic device and semiconductor applications.
Organic solvents, acids, alkalis, molten metals, or graphite do not react with pyrolytic boron nitride.
Pyrolytic Boron Nitride Market Outlook (2022-2032)
FMI has estimated the global Pyrolytic Boron Nitride market to reach a value of US$ 201.8 Mn in 2022. Sales prospects of Pyrolytic Boron Nitride is expected to witness a steady growth rate of 5.2% and are expected to top a valuation of US$ 333.9 Mn by 2032.
The increasing usage and demand for Pyrolytic Boron Nitride in the production of crucibles, plates, boats & others is the major factor driving the growth of the Pyrolytic Boron Nitride market. Furthermore, PBN's exceptional properties, such as superior mechanical strength and thermal stability, are expected to drive PBN demand during the forecast period. The global pyrolytic boron nitride market accounts for around 30% of the global hexagonal boron nitride market.
2017-2021 Pyrolytic Boron Nitride Market Outlook Compared to 2022-2032 Forecast
The market for Pyrolytic Boron Nitride witnessed a CAGR of 1.9% over the historical period of 2017 and 2021. This growth for the Pyrolytic Boron Nitride market is affected by the COVID-19 pandemic crisis and has witnessed a significant drop in demand in 2020.
Growth has accelerated as economic activity returns to pre-crisis levels, and application industries are operating at near full capacity once economic activity returns to pre-crisis levels and infection curves begin to flatten in 2022. Subsequently, FMI's prediction of the demand for Pyrolytic Boron Nitride predicts a CAGR of 5.2% during the period of 2022–32.
Based on the grade type, the market is segmented into the High pure and Ultra Pure. In these, the Ultra Pure segment is the dominating one and is expected to maintain its dominance during the projected period.
The ultra pure segment is the leading segment as it is commercially utilized in different industrial applications. It is the purest grade of PBN and it offers various advantages over other grades, such as negligible outgassing, the highest dielectric strength, good thermal conductivity, and others.
Which major determinants are enhancing the market for pyrolytic boron nitride?
The global pyrolytic boron nitride market is projected to witness robust growth owing to its Increasing use in OLED display production as OLED televisions are becoming increasingly popular.
OLED technology is being used in an increasing number of applications, which is expected to have a significant positive impact on the PBN market.
Due to the CVD process, pyrolytic boron nitride obtains an almost perfect layered structure, which makes it a suitable material to make crucibles for the OLED industry.
The demand for PBN has increased due to graphite-based PBN coating products. Graphite is a suitable material in a variety of thermal applications because of its thermal characteristics and chemical resistance. PNB is applied or deposited as a coating on graphite.
Increased adoption of PNB-coated graphite is significantly used as tubes, crucibles, wafers, and boats. therefore, it is creating the positive outlook and demand for PBN.
The booming semiconductor industry is also expected to propel demand for the PBN ceramics, the PBN products are extremely pure, as the purity of vapor is easier to control.
PBN crucibles are the best suited for the semiconductor industry because of their extremely high level of purity, as the purity of PBN can be reached up to 99.99%.
Therefore, increasing consumption of PBN in the semiconductor manufacturing process is consolidating the PBN market.
Country-wise Insights
There is a considerable demand for Pyrolytic Boron Nitride-based products in countries such as India and Southeast Asian countries.
According to the World Semiconductor Trade Statics (WTSS), the global semiconductor market is anticipated to witness a 13.9% increment in 2022. In order to maintain its competitive advantage, Korea keeps putting emphasis on R&D and investment. Additionally, based on ultra-fine processing technology, Korea is working hard to increase its foundry market share. South Korea is expected grow with a significant CAGR of 5.4% during the forecast period.
China is estimated to remain the prominent country across the globe owing to the strong presence of manufactures as well as several end use industries.presently china is estimated to account for 28.5% of the overall Pyrolytic Boron Nitride (PBN) market share.
India is expected to expand at CAGR of 6.4% during the coming assessment period. Due to the growing urbanization and consumption of Pyrolytic Boron Nitride in production of OLED display, PBN coated graphite, etc
According to a study, In the United States, the earnings for companies in the semiconductor industry have grown by 25% per year over the last three years. As a result, it is expected that the United States will remain one of the world's largest markets for pyrolytic boron nitride. As, it is widely used in the creation of compound semiconductor crystals.
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