Carbon Nanotubes Market Size, Share, Growth and Forecast 2034
Global Carbon Nanotubes Market Growth, Size, Trends Analysis - By Product, By Technology, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Jul-2025 | Report ID: CHEM25118 | Pages: 1 - 278 | Formats*: |
| Category : Chemical & Materials | |||
Carbon Nanotubes Market Introduction and Overview
According to SPER Market Research, the Global Carbon Nanotubes Market is estimated to reach USD 25.79 billion by 2034 with a CAGR of 17.23%.
The report includes an in-depth analysis of the Global Carbon Nanotubes Market, including market size and trends, product mix, Applications, and supplier analysis. The Carbon Nanotubes Market was valued at USD 5.26 billion in 2024 and is expected to grow at a CAGR of 17.23% from 2025 to 2034. Growing technological advances, increased demand from various industries, and a shift towards sustainability have all contributed to the rise of the carbon nanotubes (CNTs) market in recent years. One of the important trends expected to shape the market is the rising range of uses for carbon nanotubes in electronics and energy storage systems such as lithium-ion batteries and supercapacitors. Because of the growing need for EVs and renewable energy, the materials are being blended into modern battery technologies to improve their energy density and effectiveness.
By Product Insights:
The market is segmented into two product types: single-wall carbon nanotubes (SWCNTs) and multi-wall carbon nanotubes (MWCNTs). Because of its unique features and wide range of uses, single-wall carbon nanotubes account for a large market share. SWCNTs, which have diameters ranging from 1 to 2 nanometres, are made out of a single cylindrical layer of graphite (or graphene) coiled into a seamless tube and sealed at both ends. Their smaller dimensions than MWCNTs contribute to their particular mechanical, electrical, and optical properties, making them very desired for sophisticated technological applications.
By Application Insights:
On the basis of Application, carbon nanotubes market is segmented as automotive, aerospace and defence, medical, chemical and polymer, energy, electricals and electronics, and others. The chemical and polymers segment has a considerable share due to the widespread usage of carbon nanotubes to improve material strength, thermal stability, and conductivity. This market is also predicted to increase rapidly in the coming years, owing to rising demand for sophisticated materials across a wide range of industrial applications.
Regional Insights:
The carbon nanotubes (CNTs) industry is primarily driven by breakthroughs in the United States, which is at the forefront of lightweight and high-performance material invention and development. The United States is a key player in the development of CNT-based batteries, electronics, and components for cutting-edge technology. The growing need for CNTs in emerging areas like as 5G networks, electric vehicles, and renewable energy solutions is driving market growth. Furthermore, rising investment in sustainable materials and expanding local production capacity are bolstering the United States' position in the global CNTs industry. These variables combine to ensure the country's sustained supremacy and expansion in this area.
Market Competitive Landscape:
The Carbon Nanotubes Market is dominated by established players such as Arkema, Cabot Corporation, Carbon Solutions, Chasm Advanced Materials, Continental Carbon Company, Klean Industries, as well as a number of small and medium-sized companies. The company stands out in the carbon nanotube (CNT) market. The company's Graph strength brand is a leading producer of multi-walled carbon nanotubes (MWCNTs), which have numerous applications in automotive, aerospace, energy storage, and electronics.
Recent Developments:
In March 2024, CHASM Advanced Materials, Inc. teamed with Ingevity to increase carbon nanotube (CNT) supply to the North American and European EV battery markets. This alliance seeks to address rising demand and promote the rapidly increasing electric vehicle industry in these regions.
In September 2023, Huntsman Corporation began construction on a 30-ton MIRALON® carbon nanotube facility, one of the largest in the Americas. The plant will convert methane gas into carbon nanotubes and pure hydrogen, bringing MIRALON® technology closer to industrial-scale production.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Product, By Technology, By Application |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Arkema, Cabot Corporation, Carbon Solutions, Chasm Advanced Materials, Continental Carbon Company, Klean Industries, Kumho Petrochemical, LG Chem, Nanocyl, Nanoshel. |
- Global Carbon Nanotubes Market Size (FY 2021-FY 2034)
- Overview of Global Carbon Nanotubes Market
- Segmentation of Carbon Nanotubes Market by Product (Single-wall carbon nanotubes, multi-wall carbon nanotubes)
- Segmentation of Carbon Nanotubes Market by Technology (Floating catalyst, Laser ablation of graphite, Chemical vapor deposition, Catalytic CVD, High pressure carbon monoxide, Arc discharge, Others)
- Segmentation of Carbon Nanotubes Market by Application (Automotive, Aerospace and defense, Medical, Chemical & polymers, Energy, Electricals & electronics, Others)
- Statistical Snap of Global Carbon Nanotubes Market
- Expansion Analysis of Global Carbon Nanotubes Market
- Problems and Obstacles in Global Carbon Nanotubes Market
- Competitive Landscape in the Global Carbon Nanotubes Market
- Details on Current Investment in Global Carbon Nanotubes Market
- Competitive Analysis of Global Carbon Nanotubes Market
- Prominent Players in the Global Carbon Nanotubes Market
- SWOT Analysis of Global Carbon Nanotubes Market
- Global Carbon Nanotubes Market Future Outlook and Projections (FY 2025-FY 2034)
- Recommendations from Analyst
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
6. Competitive Landscape
- 6.1. Global Carbon Nanotubes Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Carbon Nanotubes Market
7. Global Carbon Nanotubes Market, By Product (USD Million) 2021-2034
- 7.1. Single-wall carbon nanotubes
- 7.2. Multi-wall carbon nanotubes
8. Global Carbon Nanotubes Market, By Technology (USD Million) 2021-2034
- 8.1. Floating catalyst
- 8.2. Laser ablation of graphite
- 8.3. Chemical vapor deposition
- 8.4. Catalytic CVD
- 8.5. High pressure carbon monoxide
- 8.6. Arc discharge
- 8.7. Others
9. Global Carbon Nanotubes Market, By Application (USD Million) 2021-2034
- 9.1. Automotive
- 9.2. Aerospace and defense
- 9.3. Medical
- 9.4. Chemical & polymers
- 9.5. Energy
- 9.6. Electricals & electronics
- 9.7. Others
10. Global Carbon Nanotubes Market, (USD Million) 2021-2034
- 10.1. Global Carbon Nanotubes Market Size and Market Share
11. Global Carbon Nanotubes Market, By Region, (USD Million) 2021-2034
- 11.1. Asia-Pacific
- 11.1.1. Australia
- 11.1.2. China
- 11.1.3. India
- 11.1.4. Japan
- 11.1.5. South Korea
- 11.1.6. Rest of Asia-Pacific
- 11.2. Europe
- 11.2.1. France
- 11.2.2. Germany
- 11.2.3. Italy
- 11.2.4. Spain
- 11.2.5. United Kingdom
- 11.2.6. Rest of Europe
- 11.3. Middle East and Africa
- 11.3.1. Kingdom of Saudi Arabia
- 11.3.2. United Arab Emirates
- 11.3.3. Qatar
- 11.3.4. South Africa
- 11.3.5. Egypt
- 11.3.6. Morocco
- 11.3.7. Nigeria
- 11.3.8. Rest of Middle-East and Africa
- 11.4. North America
- 11.4.1. Canada
- 11.4.2. Mexico
- 11.4.3. United States
- 11.5. Latin America
- 11.5.1. Argentina
- 11.5.2. Brazil
- 11.5.3. Rest of Latin America
12. Company Profile
- 12.1. Arkema
- 12.1.1. Company details
- 12.1.2. Financial outlook
- 12.1.3. Product summary
- 12.1.4. Recent developments
- 12.2. Cabot Corporation
- 12.2.1. Company details
- 12.2.2. Financial outlook
- 12.2.3. Product summary
- 12.2.4. Recent developments
- 12.3. Carbon Solutions
- 12.3.1. Company details
- 12.3.2. Financial outlook
- 12.3.3. Product summary
- 12.3.4. Recent developments
- 12.4. Chasm Advanced Materials
- 12.4.1. Company details
- 12.4.2. Financial outlook
- 12.4.3. Product summary
- 12.4.4. Recent developments
- 12.5. Continental Carbon Company
- 12.5.1. Company details
- 12.5.2. Financial outlook
- 12.5.3. Product summary
- 12.5.4. Recent developments
- 12.6. Klean Industries
- 12.6.1. Company details
- 12.6.2. Financial outlook
- 12.6.3. Product summary
- 12.6.4. Recent developments
- 12.7. Kumho Petrochemical
- 12.7.1. Company details
- 12.7.2. Financial outlook
- 12.7.3. Product summary
- 12.7.4. Recent developments
- 12.8. LG Chem
- 12.8.1. Company details
- 12.8.2. Financial outlook
- 12.8.3. Product summary
- 12.8.4. Recent developments
- 12.9. Nanocyl
- 12.9.1. Company details
- 12.9.2. Financial outlook
- 12.9.3. Product summary
- 12.9.4. Recent developments
- 12.10. Nanoshel
- 12.10.1. Company details
- 12.10.2. Financial outlook
- 12.10.3. Product summary
- 12.10.4. Recent developments
- 12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Carbon Nanotubes Market is projected to reach USD 25.79 billion by 2034, growing at a CAGR of of 17.23% during the forecast period.
Carbon Nanotubes Market grew in Market size from 2025. The Market is expected to reach USD 25.79 billion by 2034, at a CAGR of 17.23% during the forecast period.
Carbon Nanotubes Market CAGR of 17.23% during the forecast period.
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Carbon Nanotubes Market size is USD 25.79 billion from 2025 to 2034.
Carbon Nanotubes Market is covered By Product, By Technology, By Application
The North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa is the highest Market share in the Carbon Nanotubes Market.
Arkema, Cabot Corporation, Carbon Solutions, Chasm Advanced Materials, Continental Carbon Company, Klean Industries, Kumho Petrochemical, LG Chem, Nanocyl, Nanoshel.
The report includes an in-depth analysis of the Global Carbon Nanotubes Market, including market size and trends, product mix, Applications, and supplier analysis.
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