Boron Nitride Nanotubes Market - Global Industry Report, 2030 Knowpia

Global Boron Nitride Nanotubes Market: Introduction

Boron nitride nanotubes (BNNTs) have a tubular nanostructure that is similar to that of carbon nanotubes (CNTs), where nitrogen and boron atoms are arranged in a hexagonal pattern. Boron nitride nanotube is a polymorph of boron nitride and considered the strongest light-weight nanomaterial.
Boron nitride nanotubes (BNNTs) have higher thermal stability than carbon nanotubes (CNTs). They also possess higher electrical insulation and polarizability; wider band gap; higher transparency; and higher neutron absorption cross-section than carbon nanotubes.
Boron nitride nanotubes are used in various applications such as thermal management packages, polymer composite reinforcements, neutron shielding nanomaterials, and piezo actuators

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Rise in Demand for Advanced Aerospace Materials to Drive Global Boron Nitride Nanotubes Market

Growth in the global aerospace industry is boosting the demand for boron nitride nanotubes
Rise in demand for low carbon emitting and lightweight advanced aerospace materials is driving the demand for boron nitride nanotubes. Abundance of boron minerals is also propelling the production of boron nitride nanotubes.
Leading manufacturers are focusing on the development of customized technological solutions based on industrial requirements
High manufacturing cost of boron nitride nanotubes is estimated to hamper the global market. Implementation of stringent government regulations and volatility in prices of raw materials are likely to hamper the global boron nitride nanotubes market in the near future.

90%-98% Purity Segment to Offer Lucrative Opportunities

Based on purity, the global boron nitride nanotubes market can be segmented into 70%-90% purity, 90%-98% purity, 98% purity, and others
The 90%-98% purity segment is anticipated to hold major share of the market during the forecast period. The segment is anticipated to expand at a rapid pace in the near future, due to the rise in consumption of boron nitride nanotubes in various end-use industries.

Advanced Aerospace Materials Application Segment to Provide Immense Opportunities

Based on application, the global boron nitride nanotubes market can be segmented into advanced aerospace materials, synthetic and biomedical, piezoelectric materials, and others
The advanced aerospace materials segment accounted for significant share of the global boron nitride nanotubes market in 2019. This trend is anticipated to continue throughout the forecast period. Boron nitride nanotubes are widely used in the production of polymer composite reinforcements that are used in aircraft.

Electrical & Electronics End-use Segment to Expand Significantly

Based on end-use, the global boron nitride nanotubes market can be divided into electrical & electronics, aerospace & defense, medical, and others
The aerospace & defense segment constituted prominent share of the global boron nitride nanotubes market in 2019. The electrical & electronics segment is anticipated to offer lucrative opportunities in the global boron nitride nanotubes market during the forecast period.

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Asia Pacific to Offer Attractive Opportunities to Boron Nitride Nanotubes Market

In terms of region, the global boron nitride nanotubes market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held major share of the global boron nitride nanotubes in 2019. The U.S. accounted for significant share of the boron nitride nanotubes market in North America in 2019.
The boron nitride nanotubes market in Asia Pacific is estimated to expand at a faster pace than other regions during the forecast period. The market in countries such as China, India, and Indonesia is projected to expand at a high rate during the forecast period.
Germany is anticipated to constitute large share of the boron nitride nanotubes market in Europe during the forecast period

Key Players Operating in Global Market

The global boron nitride nanotubes market is fragmented, with the presence of several regional as well as global manufacturers. Prominent players operating in the market are investing in mergers, acquisitions, expansions, and new product launches in order to maintain their leading position.

Key players operating in the global boron nitride nanotubes market are: