
Looxent conducted this project to assess competitiveness in the advanced chemical materials industry and evaluate the target company’s potential for business expansion. Our analysis focused on the market structure, technological advantages, and growth prospects of NMP (N-Methyl-2-Pyrrolidone) and CNT (Carbon Nanotube) conductive additives—key chemical materials used in secondary batteries, semiconductors, and display industries.
The chemical materials sector is closely tied to the progress of downstream industries. The secondary battery market, in particular, is expanding rapidly due to surging demand from electric vehicles (EVs) and energy storage systems (ESS). NMP serves as a solvent in the cathode binder process for battery production, and by recycling and supplying it, the target company contributes to ESG objectives and cost reduction. Meanwhile, CNT additives are displacing carbon black, enhancing battery energy density and strengthening the market position of leading chemical material providers like the target company.
The target company’s business model revolves around collecting and regenerating spent NMP, enabling a sustainable operational approach. Leveraging high market share with major customers such as Samsung SDI, LG Energy Solution, and SK On, the company secures logistics and production advantages in both domestic and international facilities. Reliable supply of regenerated NMP and advanced purification technologies are crucial for maintaining a leadership position. Additionally, the company’s CNT conductive slurry, a key material that boosts battery conductivity, demonstrates strong performance in complex dispersion processes.
As domestic cell manufacturers expand globally, the target company is well-positioned to participate in overseas plant construction projects. Planned capacity additions in Europe and the United States present opportunities to broaden its NMP and CNT slurry supply. Moreover, forming joint ventures with NMP manufacturers ensures a stable supply chain, enhancing the company’s potential to engage in future global cell manufacturing facilities and next-generation vehicle development programs.
This project underscored that technical expertise and supply chain reliability are central to success in the chemical materials industry. Building a sustainable supply framework for high-value materials like NMP and CNT is essential to fostering trust with customers. The target company’s model exemplifies the potential to secure a solid global foothold, leveraging differentiated technology for long-term growth.
By delivering insights into a highly specialized sector and providing customized solutions, this project serves as a best-practice reference for securing competitiveness in chemical materials.
Looxent conducted this project to assess competitiveness in the advanced chemical materials industry and evaluate the target company’s potential for business expansion. Our analysis focused on the market structure, technological advantages, and growth prospects of NMP (N-Methyl-2-Pyrrolidone) and CNT (Carbon Nanotube) conductive additives—key chemical materials used in secondary batteries, semiconductors, and display industries.
The chemical materials sector is closely tied to the progress of downstream industries. The secondary battery market, in particular, is expanding rapidly due to surging demand from electric vehicles (EVs) and energy storage systems (ESS). NMP serves as a solvent in the cathode binder process for battery production, and by recycling and supplying it, the target company contributes to ESG objectives and cost reduction. Meanwhile, CNT additives are displacing carbon black, enhancing battery energy density and strengthening the market position of leading chemical material providers like the target company.
The target company’s business model revolves around collecting and regenerating spent NMP, enabling a sustainable operational approach. Leveraging high market share with major customers such as Samsung SDI, LG Energy Solution, and SK On, the company secures logistics and production advantages in both domestic and international facilities. Reliable supply of regenerated NMP and advanced purification technologies are crucial for maintaining a leadership position. Additionally, the company’s CNT conductive slurry, a key material that boosts battery conductivity, demonstrates strong performance in complex dispersion processes.
As domestic cell manufacturers expand globally, the target company is well-positioned to participate in overseas plant construction projects. Planned capacity additions in Europe and the United States present opportunities to broaden its NMP and CNT slurry supply. Moreover, forming joint ventures with NMP manufacturers ensures a stable supply chain, enhancing the company’s potential to engage in future global cell manufacturing facilities and next-generation vehicle development programs.
This project underscored that technical expertise and supply chain reliability are central to success in the chemical materials industry. Building a sustainable supply framework for high-value materials like NMP and CNT is essential to fostering trust with customers. The target company’s model exemplifies the potential to secure a solid global foothold, leveraging differentiated technology for long-term growth.
By delivering insights into a highly specialized sector and providing customized solutions, this project serves as a best-practice reference for securing competitiveness in chemical materials.