+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Emerging Opportunities for Materials Derived from Crude Oil in a Decarbonized and Circular World

  • Report

  • 73 Pages
  • September 2018
  • Region: Global
  • Frost & Sullivan
  • ID: 4655842

In 2017, The Global Primary Energy Consumption Grew by 2.2% as Compared to 2016 Which Was The Highest Growth Since 2013

Population growth and rising demand for energy creates an increasing pressure on industries reliant on material resources to find effective means to extend the lifetime of finite resources in the value chain and thereby reduce their use in single-use products.

In 2017, the global primary energy consumption grew by 2.2% as compared to 2016 which was the highest growth since 2013. Six different resources are considered as primary energy sources which include crude oil, coal, hydroelectricity, nuclear energy, natural gas and renewables. Of these, crude oil accounts for nearly 37% while coal takes the 2nd spot with ~30% and natural gas has the 3rd largest share at 25%.

While renewables are the fastest growing closely followed by natural gas, utilization of crude oil as a primary energy source is declining primarily due to volatility in benchmark prices driven by geopolitical instability and supply disruptions. Following the 2015 downturn, the oil industry has been pushed to re-look at their growth strategies and align their businesses to benefit from emerging trends such as circular economy, lightweighting, electrification and miniaturization. In this quest, crude oil producers are looking to identify new opportunities for materials derived from crude oil in the context of circularity objectives set by different industries. One of the major opportunities is to utilize hydrocarbon as a source in production of advanced carbon materials such as carbon nanotubes and graphene and to recycle waste from by-products of crude oil to produce high value materials.

This research service titled “Emerging Opportunities for Materials derived from Crude Oil in a Decarbonized and Circular World” details trends in the oil and gas industry which are creating a sense of uncertainty regarding the future growth in demand for crude oil and how the investment in shale plays is taking shape in different regions. From a material development perspective, we discuss the importance of circular economy and what are the goals material developers aim to achieve in enabling the transition to circular economy. In specific, we discuss about two types of carbon materials which have been through the peak of hype cycle namely carbon nanotubes (CNTs) and graphene. Considering that these materials posses unique properties and are increasingly being adopted for product development across industries, we look at different synthesis methods, innovation ecosystem, product development focus areas and market potential forecast to 2025. We briefly discuss some processes which utilize innovative methods to re-use waste plastic and rubbers as carbon source to synthesize CNTs and graphene.

Table of Contents

1. Executive Summary
  • Research Scope
  • Research Methodology
  • Sustainability and Efficiency Take Centre Stage in a Circular Economy
  • Tuneable Properties Realized in Macro-scale Create New Opportunities
  • Graphene - A Wonder Material With Strong Competition and Processing Concerns

2. Trends Facilitating Development of New Materials from Crude
  • Oil Price Recovery Gives an Opportunity to Re-calibrate Growth Plans
  • E&P Companies Need to Re-think on Greenfield Investment Strategies
  • Investment in Shale Prospects Heats-up Amid Profitability Concerns
  • South America Paints a Gloomy Picture With Argentina as a Bright Spot
  • China’s Appetite for Natural Gas Set to Witness an Uptick as Government Eases Barriers to Attract Oil Majors

3. Circular Economy Trends Driving Material Innovations
  • Global Mega Trends Driving the Shift Toward a Circular Economy
  • Goal Setting for Material Developer in a Circular World
  • End Use Industry Needs Driving Material Development Interest

4. Opportunities for Carbon Nanotubes
  • Carbon Nanotubes: Rolled-up Sheets of Graphene Named “Bucky Tubes”
  • Tuneable Properties of CNTs in Nanoscale Enable New Functionalities
  • Unique Properties of CNTs Are of Value to Push Global Trends
  • Funding & Investments Directed Toward Up-scaling and Production Expansion of CNT-based products
  • Patents Relate to Use of CNTs for Nanocomposite Development - New Synthesis and Treatment Methods Continue to Evolve
  • Electronics Industry: Transition from Silicon to Carbon for Advanced Nanoelectronic Systems
  • Memory Devices: High Impact Application Segment - NRAM’s Capabilities Designed to Push Autonomous Vehicles and IIoT
  • Energy Industry: CNTs have Multiple Roles to Play in the Energy Transition
  • Batteries: High Impact Application SegmentCNTs Enable Lightweight Super Strong Energy Storage Devices
  • Oil & Gas Industry: CNT as an Additive to Cement and Drilling Fluids is Being Explored
  • OPC-CNT Composites: CNTs Can Act as Microscopic Rebars but Challenges Remain
  • Oil Well Cementing: MWCNTs Could Solve Well Integrity Problems in HPHT Environment
  • Enhanced Oil Recovery: Super-strong Multifunctional Proppants for Use in Hydraulic Fracking
  • Textile Industry: CNT-based Textile Fibers Pave Way for Smart Fabrics
  • Wearable Batteries: Spider Silk-like CNT Fibers to Transform Soldier Comfort and Agility
  • CNT Market Expected to Reach Tipping Point in Short-term and Grow to a $10.2 billion by 2025
  • Large Scale Production of Customized CNT Grades at 20% Lower Price Expected to Propel Growth in Adoption
  • Arc Discharge Method Beats Laser Ablation in Yield and Cost Efficiency
  • New Approaches to Reduce Material Cost and Maintain CNT quality in Arc Discharge
  • Overcoming Inefficiencies Through New Carbon Sources
  • CVD – A Widely Used Method Explored with Light Oil as Feedstock
  • New Routes to CNTs Through Polymers Being Explored to Improve Circularity

5. Opportunities for Graphene
  • Graphene: A Non-metal Carbon Material With Metal-like Properties
  • Market Growth Hugely Depends on the Pace of Nano to Macro Replication
  • Graphene Synthesis Methods – An Overview
  • Top-down Methods Involving Direct Exfoliation of Graphite
  • The Graphene Oxide Route and Epitaxial Growth Methods
  • CVD: Large Surface Coverage With Self-restrictive Growth Possibilities
  • Multiple Property-level Dependencies Complicate Application Prospects
  • Highly Fragmented Industry With Partnership Opportunities
  • Investments Push for Graphene-based Products With Saleable Benefits
  • Graphene in Composites and Their use in Energy Storage Tops the List
  • Graphene Market Expected to Record Rapid Growth in Short-Term
  • Application Segments Contributing to Market Growth

6. Advances in Material Informatics Facilitating Development of New Materials
  • Paradigm Shift From Empirical to Data Driven Approach
  • Convergence of Material Informatics and Big Data Analytics
  • Extracting Actionable PSPP Linkage to Enable Data-driven Materials Discovery and Design
  • Supervised Data Mining Techniques Used for Predictive Modeling
  • Use Case 1: Predictive Analytics for New Engine Lubrication and Traction Materials
  • Use Case 2: Predictive Analytics for Stable Compound Discovery

7. Key Patents
  • Key Patents Related to Carbon Nanotubes
  • Key Patents Related to Graphene

8. Key Contacts
  • Legal Disclaimer