The Global BNNT Market was valued at USD 4.2 Million in 2019 and is expected to reach USD 7.83 Million, at a CAGR at 9.3% by 2027

NEW YORK CITY, NEW YORK, UNITED STATES, July 25, 2022 /EINPresswire.com/ -- This report on Boron Nitride Nanotubes (BNNT) Market consists of an elaborate and meticulous study that covers all the segments of this industry. For the study, the historical years considered are 2017 and 2018, the base year is 2019, and ss2020-2027 is taken as the forecast period. This report gives readers an extensive idea about the share, size, trends, and growth of the industry in the current and following years. The research provides forecast trends deduced by evaluating the historical data studied in the report. The BNNT Market was valued at USD 4.2 Million in 2019 and is expected to reach USD 7.83 Million by 2027, delivering at a CAGR at 9.3% through the forecast period.

The origin of the BNNT market is in the U.S., which is also considered its leading sector. The growth rate at which the production of this material escalated is significantly higher than that of its substitutes. BNNT acts as a substitute for carbon fiber. The production and supply of the BNNT have boomed in a matter of years. However, cost is a key factor and affects the overall demand. The present price is somewhere around USD 1150 in the market. The uses of these nanotubes are numerous, and due to the advancement of technology and a new type of vehicles being launched, there is a potential growth that the Boron Nitride Nanotubes can achieve. They could be the replacement for the carbon fiber used in the bodywork of cars, bikes, and aircraft.

Leading Players- Tekna, BNNT LLC, BN Nano, Nan Integris

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Reports and Data's Global Boron Nitride Nanotubes (BNNT) Market research report is an in-depth investigation that provides an industry-wide overview of existing and emerging growth patterns, end-user analysis, and other key data that has been tested and validated by industry experts and professionals. The report examines the market in terms of importance, share, size, demand and supply, patterns, competitive landscape, industrial chain analysis, and other important factors. The report also provides a detailed outlook for the industry's driving and restraining forces, as well as micro and macroeconomic factors that are expected to influence its development.

As boron nanotubes are stronger than carbon nanotubes, they should be the preferred option, however, this is not the case. Being significantly costlier, the BNNT market has an extremely elastic market and, therefore, at present, is unable to expand its presence in the global space. The solution to this could be investing in research and development of technologies that will enable a more efficient production process to minimize costs and reduce wastage. Advancements in smart manufacturing could also help reduce the cost of the product of these tubes, which could help reduce the market price. It does not need to match the pricing of carbon tubes, but pricing, which suits its capabilities over carbon fiber, is expected. Once this is achieved, the consumers’ preferences could change, increasing the demand for Boron Nitride Nanotubes.

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Type Outlook:

70-90% purity
90-98% purity
≥98% purity

Application Outlook:

Piezoelectric material
Biomedical and synthetic
Advance aerospace Materials

Key Regional Markets Covered in the Report:

North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

The Boron Nitride Nanotubes (BNNT) market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Boron Nitride Nanotubes (BNNT) market.

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Frequently Asked Questions Addressed in the Report:

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