Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Carbon Nanotubes Critical for Booming Lithium-Ion Battery Market, Finds IDTechEx

This image opens in the lightbox

News provided by

IDTechEx

11 Jul, 2023, 06:32 GMT

Share this article

Share toX

Share this article

Share toX

BOSTON, July 11, 2023 /PRNewswire/ -- The energy storage market is booming, driven predominantly by the electrification of the transportation sector. With the increasing demand for lithium-ion batteries (LiB), significant attention has been given to the supply chain of materials for LiBs beyond lithium itself. Carbon nanotubes (CNTs) are gaining traction as a conductive additive at the cathode of LiBs, paving the way for significant expansion in the CNT market.

Continue Reading
This image opens in the lightbox
Growth of the carbon nanotube market is driven by booming lithium-ion battery market. For further information on the carbon nanotube market, please see the IDTechEx report "Carbon Nanotubes 2023-2033: Market, Technology & Players". Source: IDTechEx

IDTechEx have extensively covered the carbon nanotube market for over a decade. The latest version of the leading report in the sector, "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 also includes granular 10-year market forecasts for CNT demand (tpa) and market value (US$), segmented by application areas. IDTechEx project the market to grow in line with the booming lithium-ion battery market, given the utilization of CNTs as a conductive additive.

As mentioned, the LiB market is growing rapidly, with the market being covered extensively by IDTechEx. The annual demand for LiBs is forecast to approach 6,000 GWh by 2033, predominantly driven by electric vehicles but up from approximately 800 GWh today. While cars grab most of the headlines, electrification is also being seen across land, sea, and air, with further applications in energy storage and other electronics. With the battery itself playing a major role in the cost, performance, and safety of electric vehicles, this is a topic of innovation and therefore receives not only a lot of media attention but is the focus of industrial activity, including research and development projects.

The use of nanocarbons as a conductive additive in LiBs has a number of benefits, from increasing the charge/discharge rate to easier storage of lithium ions. With respect to CNTs specifically, they are typically used alongside other conductive additives at the cathode, providing improved conductive pathways and anchorage sites. One advantage is enabling thicker anodes, leading to greater energy density. The IDTechEx report details additional benefits of including CNTs at the cathode, including structural reinforcement, enhanced conductivity, and increased battery lifetime – while also covering the downsides of the material.

This increase in demand for CNTs in the energy storage sector has translated to several large expansions in capacity by the big players in the CNT market. Cnano has a large number of notable customers while, on the other hand LG Chem is vertically integrated – both have announced significant expansions over the coming years, alongside other players such as JEIO and Kumho Petrochemical. In particular, LG Chem is set to scale capacity from 1,700 tpa to 2,900 tpa by the end of 2023 and increase again to 6,200 tpa in 2024. Cabot Corporation, a leader in the carbon black market, also entered the field a few years ago with the acquisition of SUSN. Slightly further down the value chain, most notably ToyoColor, are targeting the development of CNT dispersions for energy storage applications, with supply chain agreements being put in place, alongside the establishment of JVs for the production of CNT-containing conductive pastes. Notably, the majority of activity to date has taken place in Asia, from the emergence of market leaders to the largest facilities by capacity; however, recent announcements have indicated a trend towards expansions into the North American market over the coming years.

Of course, not all CNTs are created equally, with different applications for single-walled (SWCNT) and multi-walled (MWCNT) varieties, while parameters such as the purity of the materials and aspect ratio are also of importance for energy storage applications. Several players are emerging with ambitious mid-term plans to rival the market leaders listed above in terms of production capacity. However, the quality of the material produced cost competitively at scale is yet to be proven. Similarly, other players are leaning into the sustainability aspect, employing green or waste feedstock in the production of their CNT materials, but once again, the quality of the product must be verified.

So, what is the future outlook for CNTs in energy storage? Alongside the aforementioned role in the growing LiB market, CNTs can also enable next-generation battery technology. Specifically, CNTs have opportunities in silicon anodes, lithium-sulfur batteries, and lithium metal anodes. CNTs also have existing and proposed applications beyond batteries, and these will be opened up by the maturing supply chain that will be driven by applications in the energy storage market.

For more details on the carbon nanotube market, please see the IDTechEx market report, "Carbon Nanotubes 2023-2033: Market, Technology & Players".

Upcoming Free-to-Attend Webinar
Surging Demand for Lithium-Ion Batteries Driving the Carbon Nanotube Market

Dr Conor O'Brien, Technology Analyst at IDTechEx and author of this article, will be presenting a webinar on the topic on Thursday 27 July 2023 - Surging Demand for Lithium-Ion Batteries Driving the Carbon Nanotube Market.

This webinar will assess several aspects of the carbon nanotube market including:

  • 10-year market outlook for CNTs
  • Analysis of CNT usage in the energy storage industry, including technology trends in LiBs and next generation batteries
  • Overview of other key applications
  • Discussion of key players and supply chain pain points
  • Emerging technologies incl. green feedstock

Click here to find out more and register your place on one of the three sessions.

About IDTechEx

IDTechEx guides your strategic business decisions through its Research, Subscription and Consultancy products, helping you profit from emerging technologies. For more information, contact research@IDTechEx.com or visit www.IDTechEx.com.

Images download:
https://www.dropbox.com/scl/fo/4p5apm96s0uxka551grlc/h?dl=0&rlkey=jlknsy5qqhesovqy3e6ebwgna

Media Contact:

Lucy Rogers
Sales and Marketing Administrator
press@IDTechEx.com  
+44(0)1223 812300

Social Media Links:

Twitter: www.twitter.com/IDTechEx
LinkedIn: www.linkedin.com/company/IDTechEx 

Photo: https://mma.prnewswire.com/media/2150616/IDTechEx_carbon_nanotube.jpg
Logo: https://mma.prnewswire.com/media/478371/IDTechEx_Logo.jpg

Modal title

Also from this source

IDTechEx Forecasts US$110B Worth of Critical Materials Recovered Annually by 2045

IDTechEx Forecasts US$110B Worth of Critical Materials Recovered Annually by 2045

End-of-life equipment from automotives, electric vehicles, e-waste and decarbonized energy technologies are rapidly emerging secondary raw material...

Roboshuttles: A Promising Yet Challenging Mobility Solution, Finds New IDTechEx Report

Roboshuttles: A Promising Yet Challenging Mobility Solution, Finds New IDTechEx Report

Roboshuttles are small, fully electric, and operate at Level 4 autonomy, making them an ideal last-mile solution. They were once highly anticipated...

More Releases From This Source

Explore

Publishing & Information Services

Publishing & Information Services

Utilities

Utilities

Electrical Utilities

Electrical Utilities

Environmental Products & Services

Environmental Products & Services

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.