Boron Nitride Nanotubes (BNNT) Market Outlook, Key Players,...

Boron Nitride Nanotubes (BNNT) Market Outlook, Key Players, Segmentation Analysis, Growth Factor and Forecast to 2027

Posted 2023-08-31 08:47:21

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Market Overview This BNNT Market report presents an extensive and detailed study encompassing all sectors of this industry. The analysis considers historical data from 2017 and 2018, designates 2019 as the base year, and forecasts the period from 2020 to 2027. This comprehensive report provides readers with insights into the industry's current and future share, size, trends, and growth potential. The research derives forecast trends by analyzing historical data within the report. In 2019, the BNNT Market was valued at USD 4.2 million and is anticipated to reach USD 7.83 million by 2027, with a projected Compound Annual Growth Rate (CAGR) of 9.3% during the forecast period.

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Introduction to Boron Nitride Nanotubes (BNNT) Market The origins of the BNNT market can be traced to the United States, where it is also considered the leading sector. The rate at which BNNT production has increased surpasses that of its substitutes. BNNTs act as a viable substitute for carbon fibers. While production and supply of BNNTs have surged in recent years, cost remains a significant factor affecting overall demand. The current market price stands at approximately USD 1150. The applications of BNNTs are diverse, and with technological advancements and the introduction of new vehicle types, there is considerable growth potential for BNNTs. They could potentially replace carbon fiber in the manufacturing of automobiles, bicycles, and aircraft.

Dynamics of the Boron Nitride Nanotubes (BNNT) Market Despite being stronger than carbon nanotubes, BNNTs face challenges due to their significantly higher cost, resulting in a highly elastic market. Consequently, the BNNT market currently struggles to expand its global presence. A possible solution lies in investments in research and development to streamline production processes, reduce costs, and minimize wastage. Advances in Smart Manufacturing could also contribute to cost reduction, making BNNTs more competitive. The goal is not to match carbon tube pricing but to establish pricing that reflects BNNTs' advantages over carbon fiber. Achieving this could lead to a shift in consumer preferences, driving increased demand for Boron Nitride Nanotubes.

Competitive Landscape of the Boron Nitride Nanotubes (BNNT) Market The market comprises various local and regional vendors operating in major end-user segments. Competition among industry players centers on product pricing, designs, and global supply distribution networks. Both established companies and new entrants employ strategies such as mergers, acquisitions, product launches, joint ventures, and brand promotions to gain a strong foothold in the industry. Companies also invest in new product research and technology to gain a competitive edge.

Start-up Activity Start-ups like Naieel Technology in South Korea aim to become major suppliers of BNNTs worldwide, focusing on expanding production and improving product quality. BNNT LLC, based in Virginia, United States, strives to produce high-quality, purer nanotubes for use in aerospace, aircraft, cancer therapies, and other applications. BN Nano, established in 2016, is a new entrant but offers diverse and superior-quality products, including military-grade armor known for its fireproof, hydrophobic, insulating, and robust properties.

Deals Analysis Notable deals in this market include the acquisition of Nanintegris by Raymor Industries in 2012. The industry is relatively new and features limited participants, resulting in a consolidated market. However, the growing interest of start-ups indicates gradual expansion within the industry.

Key Report Coverage The report provides evaluations by region and country for the period from 2017 to 2027, with 2017-2018 used for historical analysis, 2019 as the base year, and 2020-2027 for forecasting. Key highlights include regional competitor analysis, demand and supply gap assessment, industry player market share analysis, and strategic recommendations for new entrants. The report offers forecasts until 2027 for all mentioned segments and leading regions. It discusses key trends, including drivers, constraints, opportunities, threats, challenges, and recommendations. Strategic recommendations are provided for major business segments based on accurate estimations. The report maps the competitive landscape, highlighting key trends in various regions. Company profiles include information on strategic initiatives, financial status, and recent events.

Key Segments:

By Type (Revenue, USD Million; Volume in Tons, 2017–2027)
- 70-90% purity
- 90-98% purity
- ≥98% purity
By Application Type (Revenue in USD Million; Volume in Tons, 2017–2027)
- Piezoelectric material
- Biomedical and synthetic
- Advanced aerospace materials
By Region (Revenue in USD Million; Volume in Tons, 2017–2027)
- North America
  - U.S.
  - Canada
- Europe
  - Germany
  - U.K.
  - France
  - Italy
  - Spain
  - Russia
- Asia Pacific
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - New Zealand
  - Rest of APAC
- Latin America
  - Brazil
  - Mexico
  - Rest of Latin America
- Middle East and Africa
  - U.A.E.
  - Saudi Arabia
  - South Africa
  - Rest of MEA

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