Recently, MAB Phases have attracted lot of attention due to their unique nanolaminated structure. Several researchers have synthesized MoAlB, Mn2AlB2, and Fe2AlB2 in single phase dense form. Like MAX Phases which are used as template for manufacturing MXenes, it is expected that novel 2D phases can be synthesized by using MAB Phases as precursors. In this presentation, I will review and present novel manufacturing techniques by which MoAlB, Fe2AlB2, and Mn2AlB2 can be used as template for designing 2D Phases. The microstructure and physical properties of nanomaterials designed from MAB phases will be presented. It is expected these materials can be used in different multifunctional applications.