Carbon Nanotubes Market to Grow at a CAGR of 13.6% During the Forecast Period; Growing Integration of Carbon Nanotubes into Nanocomposites is a Crucial Trend Reshaping the Market Development

The global carbon nanotubes market size stood at USD 6.85 billion in 2024. The market is anticipated to expand from USD 7.75 billion in 2025 to USD 18.98 billion by 2032 at a CAGR of 13.6% over the forecast period (2025-2032).

Fortune Business Insights™ presents this information in its report titled, “Carbon Nanotubes Market Size, Share & Industry Analysis, By Product (Multi-Walled Carbon Nanotubes (MWCNT) and Single-Walled Carbon Nanotubes (SWCNT)), By Application (Plastics & Composites, Electrical & Electronics (TIMS and Others), Energy, and Others), and Regional Forecast, 2025-2032”. 

Carbon nanotubes are widely used in several applications due to their higher strength, durability, electrical conductivity, lightweight properties, and thermal conductivity. Growing product requirements from lithium batteries, integrated circuits, drug delivery, fuel cells, hydrogen storage, PV cells, and field emission displays tend to drive the market growth. They perform the role of antenna for the radios and electromagnetic devices. Additionally, the growing commercialization and ramp-up of the installed capacities, coupled with technological advancements, are a few key trends driving the overall market growth. A few renowned key players operating in the market are OCSiAl, LG Chem, Arkema, Cabot Corporation, and Nanocyl SA.  

The COVID-19 pandemic hampered the overall market growth, owing to mobility restrictions, reduced operations, temporary shutdown of businesses, and supply chain disruptions.

Integration of Advanced Products by Key Players to Boost Market Development

In January 2023, Cabot Corporation declared that it plans to integrate the conductive carbon additives (CCA) capacity in the U.S. This initiative aims to improve its position in the market and aid in the transition to electric vehicles (EVs).

Rapid Expansion of Aerospace Sector Augments Market Growth

There are various risks involved in the aerospace sector, as a huge number of aircraft manufacturers struggle to make the components included stronger, longer-lasting, and tougher. The sector is highly emphasizing decreasing the weight and reducing the fuel consumed to extend the aircraft operating costs. Nanomaterials are highly preferred in the aerospace sector due to their beneficial properties, which could help in enhancing the overall performance of an aircraft. Manufacturers are looking for new processes for producing aerospace-grade composites. This has further contributed to the carbon nanotubes market growth.

Conversely, the growing impact of the product on the environment is hindering market growth.

Top Players Focus on Collaborations to Augment Their Market Presence

The global market is highly concentrated and consists of numerous players. These companies focus on forming strategic partnerships, joint ventures, collaborations and launching innovative products to enhance their portfolio and sustain the overall market competition.

Notable Industry Development:

• January 2025: Nanocyl joined NanoTech 2025 at the Tokyo Big Sight in Tokyo, Japan. It was stationed at Booth 4P-22, where it showcased its cutting-edge range of Multi-Walled Carbon Nanotube (MWCNT) solutions and advanced materials that are used to support energy savings, cost efficiency, and productivity gains across numerous industries.

List of the Companies Profiled in the Report:

• Arkema SA (France)


• Nanocyl SA (Belgium)


• Carbon Solutions, Inc. (U.S.)


• Resonac Holdings Corporation (Japan)


• Klean Commodities (Canada)


• Cabot Corporation (U.S.)


• OCSiAl (Luxembourg)


• NoPo Nanotechnologies (India)


• Jiangsu Cnano Technology Co., Ltd. (China)


• LG Chem (South Korea)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/carbon-nanotubes-cnt-market-102700

Further Report Findings-

• Asia Pacific held the largest carbon nanotubes market share, majorly due to the availability of raw materials and lower cost of production across countries such as China, Japan, India, and South Korea.


• Market growth in North America is driven by the availability of funding for the research and development of composites and polymers, where manufacturers of polymers such as PEEK and PEI are fostering industrial growth.


• Market expansion in Europe is substantial due to the growing focus of countries on the Carbon Nanotube’s harmful effects on the environment and human health.


• In terms of application, the plastics & composites segment takes the lead in the market due to the growing application of engineered polymers across the construction and automotive industries.

Table of Segmentation