![]() 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. 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. One advantage is enabling thicker anodes, leading to greater energy density. With respect to CNTs specifically, they are typically used alongside other conductive additives at the cathode, providing improved conductive pathways and anchorage sites. 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 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. 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. 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. IDTechEx project the market to grow in line with the booming lithium-ion battery market, given the utilization of CNTs as a conductive additive.Īs mentioned, the LiB market is growing rapidly, with the market being covered extensively by IDTechEx. 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 have extensively covered the carbon nanotube market for over a decade. For further information on the carbon nanotube market, please see the IDTechEx report "Carbon Nanotubes 2023-2033: Market, Technology & Players". Growth of the carbon nanotube market is driven by booming lithium-ion battery market.
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