Lux: carbon nanotubes begin to gain commercial traction; $560M market in 2025
15 August 2016
Lux Research forecasts that multi-walled nanotubes (MWNTs) will represent a a $560-million MWNT market in 2025. MWNTs are an established alternative to carbon black in conductive composites for electrostatic discharge (ESD) protection in applications such as automotive fuel lines and conductive packaging for electronics. MWNTs have also established a firm foothold as an additive for Li-ion battery electrodes.
This latter application will grow through 2025 as the automotive industry continues to demand for both more and higher performing batteries.
Graphene, meanwhile, will lag, as adoption in energy storage, composites, and coatings has fallen short of expectations. Nonetheless, graphene will still be a $305-million market in 2025, according to Lux. New academic efforts are starting to tie together partners that could set up the material for longer-term success.
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