It has been reported that carbon nanotubes (CNTs) are gaining significant traction as a conductive additive at the cathode of lithium-ion batteries (LiBs), a market mainly driven by the electrification of vehicles.. It has led to an explosion in the global production capacity of CNTs, as players are racing to establish themselves as a leading supplier to the energy sector as a result of this success. It is important to note, however, that the potential application areas for CNTs extend far beyond batteries. As part of this article, IDTechEx analyzes the effects of increasing capacity as well as how this surge in supply will lead to new opportunities beyond the LiB market for CNTs in the future
As part of this article, IDTechEx analyzes the effects of increasing capacity as well as how this surge in supply will lead to new opportunities beyond the LiB market for CNTs in the future
Providing a comprehensive view of the carbon nanotube market, IDTechEx's report, "Carbon Nanotubes 2023-2033: Market, Technology & Players", the report explains the key application areas and the major players in the market, as well as providing granular 10 year market forecasts for CNT demand (tpa) and market value (US$), segmented by application areas.. It seems CNTs have found their perfect application as conductive additives for lithium-ion batteries, and IDTechEx believes that the market will grow in line with the booming lithium-ion battery market in the coming years
It seems CNTs have found their perfect application as conductive additives for lithium-ion batteries, and IDTechEx believes that the market will grow in line with the booming lithium-ion battery market in the coming years
The IDTechEx report, "Carbon Nanotubes 2023-2033: Market, Technology & Players", provides a comprehensive overview of the CNT market, including an assessment of the key application areas, major players, and a granular forecast of the market for CNTs over the next ten years (tpa) and market value (US$), segmented by application areas.. There is no doubt that carbon nanotubes have discovered their killer application as conductive additives in lithium-ion batteries, and IDTechEx forecasts the market to grow in line with the booming lithium-ion battery market in the coming years
There is no doubt that carbon nanotubes have discovered their killer application as conductive additives in lithium-ion batteries, and IDTechEx forecasts the market to grow in line with the booming lithium-ion battery market in the coming years
Several major players in the CNT market have increased the capacity of their facilities in order to meet the ever-increasing demand for CNTs in the energy storage sector.. On the one hand, Cnano has a large number of notable customers, but on the other hand, LG Chem is a vertically integrated organization. In the coming years, both companies have announced significant expansions alongside other players such as JEIO and Kumho Petrochemical in Korea. In particular, LG Chem plans to increase its capacity from 1,700 tpa to 2,900 tpa by the end of 2023 and then again to 6,200 tpa by the end of 2024.. A new entrant into the market has announced optimistic predictions about future capacities, with Carbon Corp (C2CNT) announcing plans to build a 7,500 tpa plant that will convert flue gas to MWCNTs by the year 2020
A new entrant into the market has announced optimistic predictions about future capacities, with Carbon Corp (C2CNT) announcing plans to build a 7,500 tpa plant that will convert flue gas to MWCNTs by the year 2020
The global capacity of MWCNT is expected to double by 2025. Source: IDTechEx
There is a high-volume potential for the use of CNTs in LiBs as a conductive additive, and in the coming years, there will be a number of outcomes that will have a significant impact on the CNT market, some of which have already been observed. According to the chart above, there has been a dramatic increase in planned capacity, while at the same time there has been a consolidation of the market as well. Several major players have entered the market through strategic acquisitions, such as when Cabot, a major player in the carbon black market, acquired SUSN in 2021, which established them as major players in the market. There will likely be an inevitable reduction in the cost of the material as well as a trend towards commoditization with a decrease in margins as a result of this process. A parallel can be drawn between the carbon black industry and the carbon black industry, where profit margins have been reported as low as US$1/kg in some cases
A parallel can be drawn between the carbon black industry and the carbon black industry, where profit margins have been reported as low as US$1/kg in some cases
If we take a different look at the concept of commoditization from a different perspective, this decrease in the price point of the material, coupled with an increase in capacity will inevitably result in increased opportunities for CNTs in markets beyond the LiB.. As a result, CNTs are expected to compete with other advanced nanocarbons, such as carbon black and graphene, in many of these applications. In many cases, these opportunities are cost-sensitive and will not tolerate a premium additive, with reinforced concrete or asphalt being prime examples.. Despite studies showing that CNTs can reduce nanoparticulate emissions released from tires, carbon black continues to dominate this market despite the fact that a vast quantity of carbon reinforcement is used every year in tires. Several key properties of carbon nanotubes are likely to make them an attractive option for a variety of applications, one of which is reinforced composites, according to the IDTechEx report. With their high mechanical strength and thermal conductivity, carbon nanotubes offer an exciting prospect for de-icing technology to be integrated into polymer composites for use cases such as wind turbine blades or aerospace applications.
With their high mechanical strength and thermal conductivity, carbon nanotubes offer an exciting prospect for de-icing technology to be integrated into polymer composites for use cases such as wind turbine blades or aerospace applications.
The single walled variety of CNTs (SWCNTs) is well suited to a number of the most exciting and most hyped applications for CNTs.. SWCNTs have the potential to improve the sensitivity and selectivity of next-generation technologies, such as quantum computers and highly tuneable gas sensors, due to their enhanced sensitivity and selectivity. Despite the fact that the majority of current production centers around multiwall CNTs (MWCNTs) for LiB applications, major players such as Cnano are pivoting into the SWCNT space in the coming years and plan to have production capacity exceeding 100 tpa within the next couple of years.. The IDTechEx market report provides a comprehensive assessment of material suppliers, including production processes, targeted application areas, and a benchmarking of materials based on the results of a survey of material suppliers
The IDTechEx market report provides a comprehensive assessment of material suppliers, including production processes, targeted application areas, and a benchmarking of materials based on the results of a survey of material suppliers
As a result of the success of LiBs, there is a great possibility that the global CNT production capacity will expand, which will, in turn, result in a price reduction, as well as enabling CNTs to be used for more than simply energy storage. As competition with alternative advanced carbon materials will be fierce, IDTechEx has compiled a report identifying the suitability of each carbon material for a wide range of applications, as well as a market assessment of the CNT market for each of these applications.
There is a new market report published by IDTechEx called "Carbon Nanotubes 2023-2033: Market, Technology, and Players" that contains more information about the carbon nanotube market. To find out more about this report, please visit www.IDTechEx.com/CNT, or to see the full range of IDTechEx reports and market intelligence offerings, please visit?www.IDTechEx.com/Research. 
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