CNT in the Global Lithium-ion Battery Market Analysis | 2023-2028

“The CNT in the Global Lithium-ion Battery Market is forecast to grow at an excellent CAGR of more than 9% during the forecast period.”

Wish to get a free sample? Register Here

Market Dynamics

Introduction

Carbon nanotubes (CNT) are nanoscale hollow tubes made of carbon atoms. These tubes have diameters ranging from less than 1 nanometer to as much as more than 100 nanometers. These tubes display properties like – high thermal & electrical conductivity, high elasticity, very high tensile strength, and good electron field emitters, which are some of the properties of these unique tubes.

Due to the properties, CNT in the global lithium-ion battery market is present in two types, i.e. multi-walled carbon nanotubes and single-walled carbon nanotubes. These tubes are majorly present in key applications in the market like transportation, consumer electronics, industrial, and others.

Market Drivers

Several factors lead to the increasing demand for CNT in the global lithium-ion battery market, with key factors being – increasing manufacturing and demand of lithium-ion batteries, the rising demand for superior materials in the lithium-ion battery market with excellent chemical properties, and the growing expansion of electronic industries in the Asia-Pacific market. Though there is one key restraining factor that is limiting the market, i.e., the environmental impact of carbon nanotubes, this has resulted in stringent government regulations for this market. 

COVID-19 Impact

Due to the COVID-19 pandemic, the CNT in the global lithium-ion battery market suffered greatly due to supply chain disruption across the globe. Countries like the U.S.A. and China were majorly affected by COVID-19, which led to manufacturing disruption as these two countries are the leading manufacturers of carbon nanotubes across the globe. Also, since this is still a developing market, research, and development were severely disrupted during the pandemic period, which further weakened the future growth of the market. However, after COVID-19, the market is expected to bounce back mainly due to the resumption of activities, especially in the fields of transportation and electronics. 

Segments Analysis

Product Type

“Multi-walled carbon nanotube dominates the market during the forecast period.”

The market is segmented into multi-walled carbon nanotubes and single-walled carbon nanotubes. Multi-walled carbon nanotube product types will remain the dominant type of CNT in the global lithium-ion battery market. The key reason for this is that they have a very high aspect ratio and are highly conductive when integrated into a composite structure.

Though single-walled carbon nanotubes exhibit similar behavior, their core wall is only one thick layer, which is a very complicated technology that is perfected by a limited number of manufacturers globally.

Application Type

“The electronics segment dominates the market during the forecast period.”

The market is segmented into transportation, consumer electronics, industrial, and others. The electronics segment will be the largest application during the forecasted period. The dominance of electronic applications is due to the increasing usage of portable electronic products, which were revolutionized by lithium-ion batteries. Also, these batteries prove to have a higher energy density and life cycle.

Regional Analysis

“Asia-Pacific is expected to remain the largest market for CNT in the global lithium-ion battery market over the forecasting period.” 

The key reason for this is the dominance of transportation and consumer electronics in the region. Also, countries like China and Japan have a very high production capability of lithium-ion across the globe, which is another key reason for the dominance of the region.

Also, Asia-Pacific is expected to be the fastest-growing market for CNT in the global lithium-ion battery market over the forecast period as there is growing investment in lithium-ion batteries in India and China, with the government backing electric vehicles and renewable electronics in the region. Also, the region has a high potential to increase the production side of the market in developing countries like India, which is still in the very initial phase of the lithium-ion battery market.

Want to know which region offers the best growth opportunities? Register Here

Key Players

The market is highly populated, with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors, including price, product offerings, regional presence, etc. 

The following are the key players in the CNT in the global lithium-ion battery market (arranged alphabetically).

• ANP Corporation
• Arkema Societe Anonyme
• Cabot Corporation
• Dongjin Semichem Company Limited
• Jiangsu Cnano Technology Limited
• Kumho Petrochemical
• LG Chem
• Nano-C
• Nanocyl Societe Anonyme
• OCSiAl
• Resonac Holdings Corporation
• Toray International, Incorporated

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at [email protected]

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s CNT in the global lithium-ion battery market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.

The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]