Borazine Market: Introduction
- Borazine is an inorganic compound composed of the elements boron, nitrogen, and hydrogen. In this cyclic compound, three hydroborane (BH) units and three amino units (NH) alternate.
- Borazine is a cyclic compound with transparent color and aromatic smell. It can be formed by the interaction of diborane and ammonia. It can also be synthesized by heating together boron trichloride and ammonium chloride.
- It is a highly polar molecule due to the high electronegativity difference between boron and nitrogen atom
- Borazine is majorly consumed in the manufacture of other organic and inorganic compounds. It is utilized in the Rh-catalyzed hydroboration of olefins and acetylenes. It is also used as a reactant for boron carbonitrides.
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Key Drivers and Restraints of Borazine Market
- Demand for borazine is expected to increase at a significant pace during the forecast period due to an increase in demand for compounds such as boron carbonitrides and growing olefins and acetylenes Rh-catalyzed hydroboration. Boron carbonitrides have gained traction in super hard or energy storage materials. It is being considered as a potential element for battery manufacturing.
- However, volatility in raw material prices and trade barriers are likely to hinder the market during the forecast period
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Borazine Market: Application Segment
- Based on application, the global borazine market can be divided into film material, organic synthesis, and other
- Among them, the film material segment dominates the borazine market
- Increasing usage of borazine in boron nitride film materials driving the borazine market across the globe. Boron nitride film materials are composed of h-BN, a semiconducting insulator with a direct band gap of 5.97 eV. Hexagonal boron nitride has been exhibiting similar properties to graphene with even higher chemical stability. Cubic boron nitride film material is extremely hard and can even make scratches on diamond. Boron Nitride (BN) film material is increasingly being employed in various applications such as lubrication, releasing agent, thermosetting insulator material, thermal enhancer, etc.
Covid-19 Impact on Global Borazine Market
- On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 214 countries and territories around the world.
- Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
- The outbreak of the COVID-19 pandemic has led to disturbance in the supply chain due to the global lockdown in several countries. Moreover, the spread of coronavirus hampered the demand for chemical intermediates due to uncertainty in the global economy and capital markets.
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- The COVID-19 pandemic and nationwide lockdown of several non-essential activities and manufacturing facilities hampered the borazine market, which affected various industrial activities in 2020
- However, the market is anticipated to expand at a moderate pace during the forecast period due to the acceptance of new normal conditions and restart of various paused end-use industries in various counties
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Key Manufacturers Operating in Global Borazine Market
The borazine market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the borazine market include:
- Carbone Scientific
- Hwrk Chemical
- Hangzhou Hairui Chemical Co., Ltd
- BeiJing Hwrk Chemicals Limted
- Chemwill Asia co.,Ltd
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