What are some potential End Use Markets for structural CNT’s?

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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

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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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Source: Lucintel

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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

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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

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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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Thank You

Andy Bridge

Vice President Industrial & Emergent Markets

[email protected]

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