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1
What are some potential End Use Markets for structural CNT’s?
Andy Bridge
Vice President Industrial & Emergent Markets
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Outline
• Global size of composites market
• Market Opportunities
• Aerospace
• Ground Transportation
• Sporting Goods
• Buildings
• Closing Thoughts
3
How big is the Global Market for composites?•Global composite materials market is estimated at $31.3 billion in 2018, and is forecast to grow at 3.7% CAGR in
next six years to reach $39.7 billion in 2024
• In terms of end products (wind blade, golf shaft, door panels, etc.) made using composites, market was estimated at
$88.9 billion in 2018 and is likely to grow with a CAGR of 4.1% in the next 6 years to reach $113.4 billion in 2024
15.413.0 13.5
16.59.6 10.012.2
16.8
22.9 24.0
29.2
12.912.3
13.312.4
6.32.5
0
20
40
60
80
100
120
2024
113.4
5.68.5
2.9
2019
94.1
4.77.1
6.1
2018
88.9
4.56.8
5.12.4
Global Composites End Products Market Forecast ($ B)CAGR (2019-2024)
Others
Consumer goods
E&E
Construction
Pipe & Tank
Aerospace
Wind energy
Marine
Transportation 4.0%
3.4%
0.7%
4.8%
4.1%
4.0%
3.7%
3.6%
3.5%
Green color signifies high growth segments
Ma
rke
t S
ize
in
$B
Source: Lucintel
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•Fuselage
•Wings
•Control surfaces
•Fan blades
•Tail cones
•Interiors
•Monocoque/ Chassis
•Body panels/fairings
•Under the body
•Interiors
•Front cabin (train)
Aerospace Ground Transportation Sporting Goods Buildings
•Bathtub
•Doors & Windows
•Pultruded profiles
•Facade
•Aluminum
•Composites
•Titanium
•Nickel Alloys
•Plastics
•Steel
•Aluminum
•Plastics
•Composites
•Concrete
•Steel
•Glass
•Gypsum
•Wood
•Stone
•Plastics
•Composites
Current State - Composite Applications and Competing Materials in End Markets
•Golf shafts
•Bicycles
•Tennis rackets,
•Fishing rods
•Hockey sticks
•Surfboards
•Canoes/Kayaks
•Plastics
•Composites
•Aluminum
•Wood
•Steel
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Aerospace OpportunitiesPerformance
Lightweight
Safety
Automation
Material Challenges & Trends• Build rates for single aisle 60-100/month
• AL vs. Composite war
• Hydrogen fuel-storage
• Thermal Management/Service Temperature
• Engines, Super Sonic, Hyper Sonics
• Functional-self healing, sensing, morphing,
lightning protection, energy storage
• Lengthy certification process
Top Drivers in
Material
Selection
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Aerospace CNT Opportunities
Ne
ar
Term
Interior Applications
• Seating
• Luggage bins, galleys
• Wiring harnesses
• Cables, tethers
• Energy storage
Lo
ng T
erm
Structural Applications
• Heat shielding
• Lightning dissipation
• Health monitoring
• Hydrogen tanks
Wa
y O
ut Primary
structures
Hypersonics
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Ground Transportation OpportunitiesCost
Lightweight
SafetySynergies
with factories
Regulatory
Material Challenges & Trends
• HSS ≥ 550 Mpa
• Larger aluminum castings
• EV Battery enclosures
• Energy management/distribution
• Part consolidation
• Structural skin
• Noise/Vibration/Harshness (NVH)
Top Drivers in
Material Selection
19.3 21.9 22.6 26.1
58.375.2 76.0 81.6
98.6
77.6
20192010 2018
97.1
2024
107.7
Global Automotive Production Trend and Forecast by Vehicle
Type (In Million Units)
Passenger Car Commercial Vehicle
9
Ground Transportation CNT Opportunities
Ne
ar
Term
EV energy management
Wiring harnesses
Hydrogen fuel cells
Lo
ng T
erm
Motor winding
Tire Belting
Sheet molding compound W
ay
Ou
t Multi-functional body panels
• Energy capture/storage
• Sensors
• 5G
• Autonomous
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Sporting Goods OpportunitiesPerformance
Lightweight
Cost
Durability
Material Challenges & Trends• Natural fibers
• Vibration dampening
• Impact resistance
• Additive manufacturing for mass customization
• End of Life Recycling
• Marketing Hype!
Top Drivers in
Material
Selection
According to a market report published by market research
firm Lucintel (Irving, Texas, U.S.) in June 2020, the use of
composite materials in the global sporting goods industry
continues to grow, is expected to reach an estimated $579
million by 2023 and is forecast to grow at a CAGR of 3.2%
from 2018 to 2023.
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Sporting Goods CNT Opportunities
Ne
ar
Term
Additives to enhance traditional composite properties
Rope, cordage
Sheet molding compounds
Electric bicycles
Lo
ng T
erm
Continuous fiber printed structures
• Highly aligned
Multi Functional Exoskeletons
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Building OpportunitiesStiffness
Fire Resistance
Code compliant
Energy usage
Pedigree
Material Challenges & Trends• Increasing focus on LCA/LEED
• Localized extraction/process/manufacture
• Additive manufacturing onsite- concrete, polymer
• Increased focus on modular factory built
• Stringent energy codes
• Durability-design life 50+ years
• Erection schedule pressure
• Affordability
Top Drivers in
Material
Selection
13
Building CNT OpportunitiesLo
ng T
erm
Pressed/laminated panels
Energy management
Localized heating
Elevator cables
Wa
y O
ut Highly aligned
structures
Low density structures
Multi functional
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Closing Thoughts➢ CNT’s offer multiple intriguing properties for this sampling of markets
➢ Very low volumes and spotty characterization limit initial market penetration
➢ Niche specialized applications in defense, space and aerospace are great stepping-stones
➢ Sporting Goods have a low bar for qualification
➢ Ground Transportation has many interesting applications
➢ The REAL “800 POUND Gorilla” opportunity is to displace traditional materials in Buildings
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