Global pyrolytic boron nitride (PBN) sales revenue totaled USD 201.8 million in 2022 and is set to reach USD 211.4 million by 2023. Over the forecast period, global demand for pyrolytic boron nitride is expected to rise at 5.2% CAGR. By 2033, the global pyrolytic boron nitride (PBN) market size is forecast to reach USD 350.2 million. The total sales of pyrolytic boron nitride worldwide accounts for around 30% of the global hexagonal boron nitride market. This share is likely to increase further amid growing adoption of PBN in diverse industries.
Key Market Highlights:
Market to Expand 1.7X Through 2033
The global market for pyrolytic boron nitride is projected to expand nearly 1.7X through 2033, amid a 3.2% increase in predicted CAGR compared to the historical one. This is attributable to growing utilization of pyrolytic boron nitride in manufacturing crucibles, plates, boats, and other products.
Cruicbles, boats and plates all require superior mechanical strength and thermal stability, which is conveniently facilitated by PBN's exceptional features. These characteristics are expected to further boost its demand throughout the projection period, and a positive growth trajectory has been predicted for the target market.
Sales of Ultra-pure Grade to Outpace those of High Pure Ones
As per the latest pyrolytic boron nitride market analysis, ultra-pure grade PBN will likely continue to dominate the market during the forecast period. It is projected to account for about 96.8% market value share by the end of the forecast period.
Rising sales of ultra-pure PBN are due to its several advantages. Consumers seek its higher purity, better electric insulation, smoother surface, and higher thermal conductivity for high-performance applications. Reliability provided by ultra-pure PBN is another factor augmenting its sales globally.
For instance, ultra-pure pyrolytic boron nitride is used in semiconductor manufacturing equipment like CVD reactors and diffusion furnaces. It also finds usage in aerospace components and medical devices like artificial heart valves and pacemakers.
East Asia Region to Account for more than 35% of Global Market Gains
The East Asia pyrolytic boron nitride market is expected to grow steadily and account for a prominent global industry share through 2033. This is due to:
| Attributes | Key Insights |
|---|---|
| Global Pyrolytic Boron Nitride Sales Revenue (2022A) | USD 201.8 Million |
| Estimated Pyrolytic Boron Nitride Market Size (2023E) | USD 211.4 Million |
| Projected Pyrolytic Boron Nitride Market Value (2033) | USD 350.2 Million |
| Value CAGR (2023 to 2033) | 5.2% |
| Collective Value Share: Top 3 Countries (2023E) | 54.1% |
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Pyrolytic boron nitride’s (PBN) high-quality, hexagonal crystal structure with its anisotropic high-temperature properties provides high electrical resistance and thermal conductivity. This makes the ceramic material suitable for applications requiring high strength, a low thermal expansion coefficient, and exceptional thermal shock resistance. Given its unique characteristics, manufacturers prefer PBN since it can be easily processed into crucibles, evaporation boats, plates, pipes, bottles, and other utensils.
It has been observed that pyrolytic boron nitride performs better than several of its more common partners. It stands out from other replacements with excellent qualities like high purity, low density, non-porous structure, and dielectric solid strength. These qualities make it suitable for various applications across electronics and thermal insulation.
The booming electronics industry is a key pyrolytic boron nitride (PBN) market driver. The phenomenal expansion of OLEDs and compound semiconductor crystal growth in the electronics sector has benefited the usage of PBN in recent years.
PBN is increasingly used in several electronic applications. These include semiconductors, OLEDs, and LEDs. Surging demand for these products is anticipated to bolster sales of pyrolytic boron nitride.
On the other hand, manufacturers are inventing high-quality, low-cost items to meet demand. End users choose items with low carbon footprints and hazardous materials, which decreases overall waste disposal costs and boosts profit margins. These causes have contributed to the rise in demand for pyrolytic boron nitride.
The global pyrolytic boron nitride industry registered a CAGR of 2.0% between 2018 and 2022. For the assessment period, a CAGR of 5.2% has been predicted for the target market.
| Historical CAGR (2018 to 2022) | 2.0% |
|---|---|
| Forecast CAGR (2023 to 2033) | 5.2% |
Pyrolytic Boron Nitride Market Outlook from 2018 to 2022
The market for pyrolytic boron nitride witnessed a slow growth rate of 2.0% CAGR during the historical period. This was due to the outbreak of the COVID-19 pandemic.
The COVID-19 pandemic problem impacted the growth of the pyrolytic boron nitride market, resulting in a decline in demand in 2020 and beyond. The pandemic affected several industries, including semiconductors, electronics, boron nitride, and hexagonal boron nitride, which experienced substantial slowdowns.
The pandemic created new challenges, including a scarcity of raw materials, financial difficulties, and a shortage of line staff for the production process, among other things. Due to these circumstances, electronic item manufacturing, consumption, and sales experienced a never-before slowdown, affecting PBN sales.
Pyrolytic Boron Nitride Market Sales Forecast
Global sales of pyrolytic boron nitride are projected to rise steadily over the forecast period. At the end of 2033, total market valuation is predicted to reach USD 350.2 million.
Growth has accelerated as economic activity returns to pre-crisis levels. End-use industries also function near total capacity after economic activity recovers to pre-crisis levels. This is expected to uplift demand for pyrolytic boron nitride.
The thriving semiconductor industry is projected to drive demand for PBN ceramics, as the purity of vapor is easier to control. PBN crucibles are ideal for the semiconductor industry due to their extraordinarily high purity, which can approach 99.99%. As a result, increased PBN consumption in the semiconductor production process consolidates the PBN market.
Rising Usage in OLED Displays and Semiconductor Production
The global pyrolytic boron nitride market is expected to expand rapidly due to its increasing use in the production of OLED displays. OLED televisions are becoming increasingly popular due to their multiple advantages in viewing angles and black levels. This will bolster pyrolytic boron nitride sales.
The growing adoption of OLED technology in a variety of applications is likely to have a substantial beneficial impact on the PBN industry. Pyrolytic boron nitride has an almost flawless layered structure due to the CVD process, making it a good material for making crucibles for the OLED sector.
Pyrolytic boron nitride is gaining immense popularity in semiconductor manufacturing. For instance, PBN crucibles develop semiconductor crystals like indium phosphide (InP) and gallium arsenide (GaAs).
PBN heaters are used in molecular beam epitaxy systems to grow thin films for semiconductor materials. These widening applications in the semiconductor industry are expected to uplift global pyrolytic boron nitride demand through 2033.
Rising Demand for PBN-coated Graphite Creating Opportunities in the PBN Market
PBN demand has increased due to graphite-based PBN coating products. Because of its thermal properties and chemical resistance, graphite is an ideal material for a wide range of thermal applications.
PBN is applied on or coated as a coating on graphite. Coated graphite is formed into 3D or 2D objects. Increasing use of PBN-coated graphite as tubes, crucibles, wafers, and boats is expected to fuel pyrolytic boron nitride demand. PBN coating is primarily used in graphite heaters, prone to corrosion. PBN coating, which is inert, is consumed to provide greater corrosion resistance.
PBN demand is expected to increase due to growing popularity of graphite-based PBN coating items such as furnace elements, vaporizing pods, bars, sheets, and more. PBN-coated graphite product is an excellent solution for a range of sectors that are increasing need for pyrolytic boron nitride.
High Production Costs and Safety Measures in the CVD Process
The high cost of production is a significant impediment to the expansion of the PBN business. The CVD (chemical vapor deposition) process creates pyrolytic boron nitride ceramics. Under high temperature and high vacuum conditions, ammonia and boron halide react to form PBN.
The CVD procedure has certain downsides. PBN manufacture, for example, necessitates high deposition temperatures to obtain appropriate crystallinity, which is frequently an expensive and energy-intensive procedure.
Chemical and safety hazards created by using flammable, poisonous, and other risk-associated precursors necessitate additional measures in handling and treating reactor exhaust. This is posing challenges for pyrolytic boron nitride manufacturers.
The extra steps taken to reduce the possibility of PBN involve additional expenses and energy consumption, resulting in high manufacturing prices. Further, the availability of low-cost alternatives is expected to limit market growth for pyrolytic boron nitride.
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The table below highlights key countries’ pyrolytic boron nitride market revenue. China and the United States are expected to remain top two markets for pyrolytic boron nitride, with valuations of USD 104.6 million and USD 60.2 million, respectively, in 2033.
| Countries | Market Value (2033) |
|---|---|
| United States | USD 60.2 million |
| United Kingdom | USD 11.1 million |
| China | USD 104.6 million |
| Japan | USD 13.1 million |
| South Korea | USD 7.3 million |
Below table highlights the expected market growth rates of top five countries. China, South Korea, and the United States are predicted to witness higher CAGRs of 5.6%, 5.4%, and 4.6% respectively through 2033.
| Countries | Pyrolytic Boron Nitride Market CAGR (2023 to 2033) |
|---|---|
| United States | 4.6% |
| United Kingdom | 4.2% |
| China | 5.6% |
| Japan | 4.5% |
| South Korea | 5.4% |
As per the latest PBN market analysis, China is expected to retain its dominance in the global pyrolytic boron nitride industry through 2033. China pyrolytic boron nitride market size is forecast to reach USD 104.6 million by 2033.
Over the forecast period, pyrolytic boron nitride demand in China is predicted to increase at a 5.6% CAGR. This is attributable to expansion of industries like electronics and semiconductors.
Pyrolytic boron nitride-based products are in high demand in nations like China and India. This is due to the exponential growth of the semiconductor industry and increasing demand for electronics.
China is expected to remain the most important country in the world due to its significant presence in manufacturing and other end-use industries. It is set to hold around 28.5% share of the total pyrolytic boron nitride (PBN) market share.
China leads from the forefront when it comes to semiconductor production and sales. According to the Semiconductor Industry Association (SIA), with total sales of USD 180.4 billion, China remained the leading semiconductor market in 2021.
The semiconductor industry is a key consumer of PBN. As the demand for advanced semiconductor devices rises across China, so will demand for pyrolytic boron nitride.
The United States pyrolytic boron nitride market value is expected to total USD 60.2 million in 2033. Over the assessment period, pyrolytic boron nitride sales revenue in the country will likely increase at 4.6% CAGR.
Several factors are expected to spur growth in the United States pyrolytic boron nitride market. These include the booming semiconductor industry and increasing applications of PBN in the aerospace & defense sector.
According to a survey, earnings for semiconductor companies in the United States have increased by 25% per year over the last three years. As a result, it will likely remain one of the world's top markets for pyrolytic boron nitride.
Pyrolytic boron nitride is commonly employed in the fabrication of compound semiconductor crystals. Hence, increasing production and sales of compound semiconductors is expected to create growth prospects for pyrolytic boron nitride manufacturers.
Growing demand for PBN from the aerospace & defense industry is another key factor expected to boost the United States market. PBN is widely used in applications like aircraft engine components and radar systems. This is due to its lightweight and high-temperature strength.
South Korea pyrolytic boron nitride market is anticipated to thrive at 5.4% CAGR during the assessment period. It is projected to attain a valuation of USD 7.3 million by 2033. This is attributable to expanding semiconductor industry and rising investments in research and development.
The global semiconductor industry is experiencing robust growth, according to World Semiconductor Trade Statistics (WTSS). Korea prioritizes research and development (R&D) and investment to maintain its competitive advantage.
Korea also strives to improve its foundry market share using ultra-fine processing technology. Hence, it is expected to witness steady growth during the forecast period.
Japan pyrolytic boron nitride market size is predicted to reach USD 13.1 million by 2033. It is poised to exhibit a compound annual growth rate (CAGR) of 4.5% throughout the forecast period.
As per the latest report, Japan will remain a key market for PBN across East Asia. This is due to growing demand for pyrolytic boron nitride from the thriving electronic industry in Japan.
Thanks to its high thermal conductivity and electric insulation, pyrolytic boron nitride is increasingly used in the Japan electronics industry. It is used in several electronic components, including OLED displays, heat sinks, and semiconductors.
PBN is gradually becoming an ideal component of modern electronic devices. Rising demand for electronic devices and components, including computers, smartphones, and sensors, is expected to fuel sales of pyrolytic boron nitride in Japan through 2033.
The United Kingdom pyrolytic boron nitride industry is expected to attain a valuation of USD 11.1 million. In the forecast period, the country's demand for pyrolytic boron nitride is set to rise at 4.2% CAGR.
Multiple factors are expected to drive PBN demand in the United States. These include increasing adoption of GaN-based LEDs, increasing demand for PBN products, and rising popularity of PBN-coated graphite. PBN-coated graphite is gaining immense popularity across the United States. This is due to its advantages, including higher thermal conductivity and improved corrosion resistance.
PBN-coated graphite is widely used in high-temperature applications like furnace elements, heat exchangers, and crucibles. Rising adoption of this innovative material is expected to drive demand for PBN in the United Kingdom through 2033.
The below section predicts the ultra grade segment to hold a dominant market share. It is poised to thrive at a CAGR of 5.2% through 2033.
Based on application, the CSCG segment is forecast to lead the market. It will likely exhibit a CAGR of 5.0% during the assessment period.
| Top Segments (Grade) | Ultra-pure Pyrolytic Boron Nitride |
|---|---|
| Value CAGR (2023 to 2033) | 5.2% |
The global pyrolytic boron nitride market is divided into high pure and ultra pure grades. Among these, the ultra-pure segment is the dominant one and is predicted to maintain its dominance during the forecast period.
As per the latest pyrolytic boron nitride market analysis, demand for ultra-pure pyrolytic boron nitride is forecast to rise at a CAGR of 5.2% during the assessment period. It is set to attain a valuation of USD 339.4 million by 2033, accounting for about 96.8% market value share.
The ultra-pure pyrolytic boron nitride is witnessing high demand due to its commercial use in several industrial applications. It is the purest grade of PBN and has several advantages over other grades, including low outgassing, strong dielectric strength, good thermal conductivity, and so on.
Ultra-high grade is ideal for demanding applications requiring high performance and reliability. For instance, it is used in semiconductor manufacturing equipment, medical devices, and aerospace components. Rising usage in these applications is expected to boost the target segment.
| Top Segment (Application) | CSCG |
|---|---|
| Value CAGR (2023 to 2033) | 5.0% |
Based on application, the worldwide pyrolytic boron nitride market is segmented into wafer processing, OLED, furnace components, CSCG, and others. During the forecast period, the CSCG category is predicted to lead the market, followed by OLED, furnace components, and wafer processing.
As per the latest report, CSCG segment is projected to thrive at 5.0% CAGR during the forecast period. It is predicted to attain a valuation of USD 184.8 million by 2033. This is due to growing importance of PBN in compound semiconductor crystal growth (CSCG) applications.
Pyrolytic boron nitride is an excellent option to consider for crystal growth vessels due to its exceptional physiochemical features, such as unique thermal properties. It plays a key role in CSCG applications, particularly in the production of high-quality and high-purity semiconductor materials.
PBN is often used as a substrate material for the epitaxial growth of compound semiconductors. As PBN is widely used in semiconductors, which are critical components of electronics, the growth of the electronics industry has a direct impact on the market.
Rising usage of PBN in applications like the growth of GaN, GaAs, and SiC crystals is expected to boost the target segment. Thanks to its compatibility with crystal structure and ability to withstand high temperatures, PBN is widely employed in the growth of GaN crystals.
There have been no notable expansions, acquisitions, or collaborations in recent memory, leaving the market stagnated. Although the market is still in its infancy, it has tremendous potential yet to be realized. Traces from the product's research and development have been found to allow for the investigation of brand-new application fields. However, the outcomes are still unknown.
| Attribute | Details |
|---|---|
| Estimated Market Value (2023) | USD 211.4 million |
| Projected Market Value (2033) | USD 350.2 million |
| Anticipated Growth Rate (2023 to 2033) | 5.2% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Industry Analysis | USD Million for Value and KGs for Volume |
| Key Countries Covered | United States, Canada, Mexico, Brazil, Germany, Italy, France, United Kingdom, Spain, BENELUX, Russia, India, Association of Southeast Asian Nations, Australia and New Zealand, China, Japan, South Korea, Gulf Cooperation Council countries, Türkiye, Northern Africa, South Africa |
| Key Segments Covered | Grade, Product Type, Application, and Region |
| Key Companies Profiled | Shin-Etsu Chemical Company, Ltd.; Morgan Advanced Materials; Beijing Boyu Semiconductor Vessel Craftwork Technology Co.,Ltd; Innovacera Technical Ceramic Solutions; Liling Xing Tai Long Special Ceramics Co., Limited; Shandong Pengcheng Special Ceramics Co., Ltd.; Shenyang Shunli Graphite Co., Ltd.; Shandong Yuwang Industrial Co., Ltd.; Momentive Technologies; Xing Tai Long Special Ceramics Co., Ltd. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Driver Restrain, Opportunity, and Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global market was valued at USD 201.8 million in 2022.
The market size is estimated to reach USD 211.4 million in 2023
Demand in the market is anticipated to rise at a CAGR of 5.2% through 2033.
By 2033, the global market value is set to reach USD 350.2 million.
Top countries driving the global market demand are the United States, China, and Germany.
The OLED segment is expected to account for a prominent market share.
PBN is a highly pure ceramic material with optimal chemical resistance.
High production costs and limited supply makes boron nitride expensive.
Shin-Etsu Chemical Company, Ltd. and Morgan Advanced Materials are among key manufacturers.
| Market Value for 2024 | USD 15,819.00 million |
|---|---|
| Market Value for 2034 | USD 41,502.20 million |
| Market CAGR (2024 to 2034) | 9.90% |
| Market Value for 2023 | USD 47,928.96 million |
|---|---|
| Market Value for 2033 | USD 83,434.92 million |
| Market CAGR from 2023 to 2033 | 5.7% |
| Market Estimated Size in 2023 | USD 320.7 million |
|---|---|
| Projected Market Size in 2033 | USD 478.9 million |
| Value-based CAGR from 2023 to 2033 | 6.34% |
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Pyrolytic Boron Nitride Market
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