A Market Report on Pyrolytic Boron Nitride available from Future Market Insights (FMI) published in October 2022 projects steady growth for this Boron Material market-subset which accounts for around 30% of the Global Hexagonal Boron Nitride Market.
This market is heavily linked to consumer electronic devices with Pyrolytic Boron Nitride seeing use in the production of OLED TVs and other semiconductor production applications.
Key Points:
- FMI estimated the global Pyrolytic Boron Nitride market at $201.8M USD in 2022
- Sales are forecasted to grow at a rate of 5.2% and expected to top $333.9M (USD) by 2032.
- Production of crucibles, plates, evaporation boats are major factors driving use and demand in the Pyrolytic Boron Nitride market.
- Pyrolytic Boron Nitride posses superior mechanical strength and thermal stability compared to alternative materials.
- The global pyrolytic boron nitride market accounts for around 30% of the Global Hexagonal Boron Nitride market.
- Increasing use in OLED display production, as OLED televisions are becoming more popular, is set to fuel robust growth in the global pyrolytic boron nitride market.
- Adoption of Pyrolytic Boron Nitride coated Graphite crucibles and evaporation vessels for Semiconductor production is contributing to a positive outlook.
- India and Southeast Asian countries are set to lead the market with considerable demand for Pyrolytic Boron Nitride-based products.
The value of the Pyrolytic Boron Nitride market in 2022 was according to FMI estimated to reach a value of $201.8M (USD).
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 $333.9M (USD) by 2032.
The p-BN market’s growth was affected by COVID-19. Reduced demand caused the Pyrolytic Boron Nitride Market to experience a CAGR of 1.9% from 2017 to 2021.
Pyrolytic Boron Nitride is used in the production of crucibles for the OLED panel industry – one of the driving factors for growth in the Pyrolytic Boron Nitride Market.
The market is segmented into High Pure and the dominating Ultra Pure PBN segment which is expected to remain most in demand.
Ultra Pure PBN offers various advantages which is commercially utilised in different industrial applications, such as negligible outgassing, the highest dielectric strength and good thermal conductivity.
Sales and production of OLED Televisions is one of the key driving forces increasing demand for Pyrolytic Boron Nitride
The outlook is that Pyrolytic Boron Nitride is expected to witness robust growth due to OLED panels becoming commonplace for the average consumer in both TVs and as of late computer displays both laptops and desktops alike.
OLED Display Technology
Displays with OLED panels typically have low power consumption, high luminance and high contrast characteristics. They also provide full colour expression and low power consumption, and thus are an excellent choice for tablet and phone consumer devices.
Why is Pyrolytic Boron Nitride used in OLED Display manufacturing?
The PBN market report by FMI states that this is “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.”
Pyrolytic Boron Nitride OLED Crucibles
This PBN OLED Crucible is applied as the main vessel of the OLED effusion cell. The high purity (99.99%) and low outgassing in high temperature, uniform thickness, good consistency in heating, excellent thermal conductivity and shock resistance plus easy cleaning and reusability make it an ideal choice. It is also inert and has no reaction with acid or alkali. (NC Elements, Pyrolytic Boron Nitride OLED Crucible)
Cathode
Pyrolytic Boron Nitride can also be used in the production of the cathode in OLED displays which is often a form of thin silver film.
Thin silver film is widely used as the cathode in organic light-emitting diode displays and it is generally fabricated using the thermal evaporation method.
This thermal evaporation method includes using a pyrolytic boron-nitride coated graphite boat as the evaporation source. During the evaporation process, there is an inevitable outgassing problem and this creates high viscosity bubbles in melted silver which is undesirable and where PBNs low outgassing comes into play.
Increased adoption of Pyrolytic Boron Nitride coated Graphite for Semiconductor production is contributing to a positive outlook
Graphite is an excellent material for a variety of thermal applications because of its thermal characteristics and chemical resistance. PNB can be applied or deposited as a coating on graphite tubes, wafers and evaporation boats.
Compared with normal boron nitride ceramic, pyrolytic boron nitride (PBN) has a much better purity level. PBN crucibles and other pyrolytic boron nitride products are synthesized on the mold by chemical vapor deposition (CVD) process, with BCl3 and NH3 at high temperature and low pressure. The PBN products are extremely pure, as the purity of vapor is easier to be controlled. Most PBN products made from the CVD process have a total impurity of less than 100 ppm, which means the purity is better than 99.99%. With such a high purity level, PBN crucibles are ideal products for semiconductor industries.
Pyrolytic Boron Nitride Crucibles, ACM Advanced Ceramic Materials
PBN-coated Graphite Crucibles
According to FMI, the booming semiconductor industry is also expected to propel demand for PBN ceramics. PBN crucibles are ideal for the semiconductor industry because of their extremely high level of purity, as the purity of PBN can reach up to 99.99%.
At temperatures lower than 2500°C the dissociation of nitrogen from PBN is much less than that expected from thermodynamic equilibrium. This permits PBN to be heated to high temperatures in ultra-high vacuum without decomposition. III–V and II–VI semiconductor compounds of very high purity can be grown in PBN because of its purity and thermal stability.
The increasing consumption of PBN in the semiconductor manufacturing process is set to further consolidate the PBN market as production gets back pre-covid levels.
Strong demand for electronic goods during the COVID pandemic led to inflated targets for Semiconductors used in the report, with growth largely set to remain flat during 2023
According to the World Semiconductor Trade Statics (WTSS) mentioned in the FMI report, the global semiconductor market was anticipated to witness a 13.9% increment in 2022 after an astounding 26.2% growth in 2021. This was later down-graded to a 4.4% growth projection on the 29th of November 2022 with growth for 2023 anticipated at 4.1%.
Country-wise Insights on the Global Pyrolytic Boron Nitride Market
There is a considerable demand for Pyrolytic Boron Nitride-based products in countries such as India and Southeast Asian countries:
- South Korea keeps putting emphasis on R&D and investment in order to maintain its competitive advantage. The country is working hard to increase its foundry market share based on ultra-fine processing technology. South Korea’s Pyrolytic Boron Market is expected grow with a significant CAGR of 5.4% during the forecast period.
- China is estimated to remain the prominent country owing to the strong presence of manufactures as well as several end use industries. At present China is estimated to account for 28.5% of the overall Pyrolytic Boron Nitride (PBN) market share.
- India’s Pyrolytic Boron Nitride Market is expected to expand at CAGR of 6.4% during the 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. The US currently sits at 17.3% of the market, valued at $37.9m USD.
FMIs Pyrolytic Boron Nitride report covers:
- Pyrolytic Boron Nitride Market Forecast period 2022-2032 with historical data for 2017-2021
- Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives.
- Key PBN Segments include: Grade, Product Type, Application and Region
- Pyrolytic Boron Nitride Markets in: United States, Canada, Brazil, Mexico, Germany, Italy, France, United Kingdom, Span, BENELUX, Russia, China, Japan, South Korea, India, ASEAN, ANZ, GCC Countries, Turkey, Northern Africa, South Africa.
- Companies: Shin-Etsu Chemical Co., Ltd; Morgan Advanced Materials; Beijing Boyu Semiconductor Vessel Craftwork Technology Co., Ltd; Innovacera Technical Ceramic Solutions; Liling Xing Tai Long Special Ceramics Co., Ltd; Shandong Shunli Graphite Co., Ltd; and Momentive Technologies.
