The global carbon nanotubes market was valued at USD 10.96 Billion in 2025 and is projected to expand at a CAGR of 16.50% from 2026 to 2035, reaching USD 50.47 Billion by 2035. As per the analysis by Expert Market Research, the market is expected to be aided by the excellent mechanical and chemical properties of nanotubes.
Carbon nanotubes have excellent chemical and mechanical properties, due to which they are extensively used in the semiconductor, battery, automotive, and aerospace sectors. The use of carbon nanotubes as additives to enhance electrical conductivity and mechanical strength, among others, is propelling the market growth.
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The high thermal and electrical conductivity, flexibility, and excellent tensile strength are surging the use of carbon nanotubes in biomedical, air and water filtration, and energy storage applications, among others. Various leading companies in the market are increasingly investing in carbon nanotube manufacturing capabilities due to the rising demand for electric vehicle batteries, which is augmenting the market.
Global carbon nanotube output reached approximately 11,479 tons in 2025 at an average price of USD 61,136 per ton. Technological advancements in production methods such as chemical vapor deposition (CVD), continuous flow reactors, and eco-friendly bio-derived feedstocks have reduced costs by nearly 40 percent since 2020, making CNTs more accessible for commercial applications. A major industry trend is the shift from selling raw CNTs to offering application-ready solutions such as masterbatches, dispersions, and pre-formulated battery-grade suspensions for lithium-ion and solid-state batteries.
Carbon Nanotubes News: Tech Advances and Manufacturing Updates 2026
In March 2026, industry analysts reported that LG Chem, Jiangsu Cnano, and other leading CNT players have integrated multi-walled carbon nanotubes as standard conductive additives in EV battery cathodes, achieving up to a 20 percent reduction in internal resistance. The development underscores the rapid industrialisation of CNT technology in global electric vehicle supply chains.
In February 2026, industry reports highlighted Arkema's continued focus on specialty CNT formulations, dispersion technologies, and regional expansion. Through its Graphistrength brand, Arkema is strengthening its position as a leading European supplier of CNTs for EV batteries, conductive plastics, and lightweight composites.
In January 2026, industry forecasts indicated that LG Chem commissioned its fourth CNT production facility in South Korea, increasing total capacity to 6,100 tons annually, up from 2,900 tons in the previous year. The ramp-up positions the company as one of the world's largest CNT producers, supplying EV battery manufacturers across Asia, Europe, and North America.
In December 2025, industry reports confirmed that Mitsubishi Chemical, Toray Industries, and Arkema are all expanding their global conductive CNT dispersion capacities, targeting the rapidly growing lithium-ion battery market. Dispersion-based CNT solutions are emerging as the preferred format for battery electrode manufacturers due to ease of integration and consistent quality.
In November 2025, industry analysts noted that OCSiAl has further expanded its single-wall carbon nanotube (SWCNT) production footprint, building on its Serbia facility and TUBALL BATT partnership with Green Energy Origin to strengthen Europe's sustainable battery supply chain. OCSiAl remains a dominant force in the global SWCNT segment.
In October 2025, industry reports highlighted that Jiangsu Cnano continues to rapidly scale production capacity, supported by surging demand from major Chinese EV battery players including CATL and BYD. The company's multi-walled CNT offerings are being widely deployed as conductive additives across the global battery manufacturing ecosystem.
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Top 7 CNT Companies and Manufacturers: Market Presence and Product Solutions
1. Arkema Group
| Establishment: |
2006 |
| Headquarters: |
Colombes, France |
| Website: |
https://www.arkema.com/global/en/ |
| Revenue: |
EUR 9.5 Billion (FY 2024) |
| Employees: |
21,100+ across 55 countries |
| Key CNT Products: |
Graphistrength Multi-Wall CNTs, CNT Masterbatches, Conductive Dispersions, Battery Additives |
Arkema Group is a prominent materials and specialty chemicals company that aims to meet the diverse demands for sustainable and innovative materials for new energy and mobility applications. Its products and solutions are used in various sectors, including packaging, cosmetics, sporting goods, and aeronautics, among others. Through its extensive research and development activities, the company aims to develop bio-based and lightweight materials and coatings as substitutes for traditional materials. Arkema produces carbon nanotubes through its Graphistrength brand, supplying multi-wall CNTs for EV batteries, conductive plastics, and lightweight composites. The company continues to invest in specialty CNT formulations and dispersion technologies to capture share in the fast-growing global energy storage market.
2. Toray Industries, Inc.
| Establishment: |
1926 |
| Headquarters: |
Tokyo, Japan |
| Website: |
https://www.toray.com/ |
| Revenue: |
JPY 2.46 Trillion (approx. USD 17 Billion, FY 2024) |
| Employees: |
48,000+ worldwide |
| Key CNT Products: |
Super Growth CNTs, High-Purity SWCNTs, Composite Reinforcement, Electronics-Grade CNTs |
Toray Industries is a company that is engaged in the processing, manufacturing, and sales of carbon fibre composite materials, fibres, and environment and engineering products. By 2050, the company aims to achieve net-zero emissions. The company extensively invests to bolster its research and development activities for developing new and innovative materials. Toray's CNT technologies support lightweight, durable, and conductive solutions, contributing significantly to advancements in composite materials for aerospace, automotive, and electronic sectors. The company is also expanding its conductive CNT dispersion capacity to meet the rising demand from EV battery and advanced electronics manufacturers globally.
3. Carbon Solutions, Inc.
| Establishment: |
1998 |
| Headquarters: |
Riverside, California, United States |
| Website: |
https://www.carbonsolution.com/ |
| Revenue: |
USD 5 Million+ (approx.) |
| Employees: |
30+ across United States |
| Key CNT Products: |
High-Purity SWCNTs and MWCNTs, Functionalised CNTs, Transparent Conductors, Photodetectors |
Carbon Solutions Inc. is a prominent nanotechnology company and a leading manufacturer of high-quality chemically processed carbon nanotube materials for use in commercial applications. The company also actively collaborates with various businesses to develop flexible electronics, carbon nanotube-based sensors, visible and infrared photodetectors, and transparent conductors. Moreover, it provides contracts for speciality manufacturing services. The company supplies high-purity CNTs tailored for academic research and industrial use, particularly in electronics, coatings, sensors, and energy storage technologies, positioning itself as a specialised supplier for next-generation nanotube applications.
4. Cheap Tubes Inc.
| Establishment: |
2005 |
| Headquarters: |
Grafton, Vermont, United States |
| Website: |
https://www.cheaptubes.com/ |
| Revenue: |
USD 3 Million+ (approx.) |
| Employees: |
20+ across United States |
| Key CNT Products: |
SWCNTs, MWCNTs, Graphene Nanoplatelets, Fullerenes, Functionalised Nanomaterials |
Cheap Tubes Inc. is a company that aims to provide low-cost and high-quality nanotube and graphene nanomaterials at affordable prices for various sectors. It utilises ultrasonic probes for dispersing its nanoparticles. Its products have been used by more than 5,000 clients across the globe. It ships its products to Germany, France, Italy, and the United Kingdom, among others. The company serves sectors like electronics, biomedical, aerospace, and energy, with a focus on affordability and customised nanotechnology solutions that enable small and mid-sized research teams to access industrial-grade nanomaterials.
5. Nanocyl SA
| Establishment: |
2002 |
| Headquarters: |
Sambreville, Belgium |
| Website: |
https://www.nanocyl.com/ |
| Revenue: |
EUR 50 Million+ (approx.) |
| Employees: |
150+ across Europe |
| Key CNT Products: |
NC7000 Series MWCNTs, CNT-Based Masterbatches, PlastiCyl Dispersions, Conductive Coatings |
Nanocyl SA is a company that develops and markets high-quality carbon nanotube (CNT) solutions, MWCNT-based formulated products, and multiwall carbon nanotubes (MWCNT). It intends to address challenges in the electronics, transport, and energy markets while bolstering the development of new solutions for the new market. In addition, the company aims to support customers through its innovative product portfolio. Following its acquisition by Birla Carbon, Nanocyl has gained significant R and D, portfolio, and market reach benefits, enabling its products to accelerate toward their full global growth potential. The company's NC7000 series MWCNTs and PlastiCyl dispersions are widely used across polymer, automotive, and aerospace applications.
6. Jiangsu Cnano Technology Co., Ltd.
| Establishment: |
2011 |
| Headquarters: |
Jiangsu, China |
| Website: |
http://www.cnanotechnology.com/en/ |
| Revenue: |
CNY 1.2 Billion+ (approx. USD 170 Million) |
| Employees: |
800+ across China |
| Key CNT Products: |
Single-Wall CNTs, Multi-Wall CNTs, FloTube Dispersions, Lithium Battery Conductive Additives |
Jiangsu Cnano Technology is a company that is engaged in the production, research and development, and sales of graphene and carbon nanotubes. The company's products are used in various commercial applications, including conductive polymer composites, lithium batteries, tyre rubber reinforcement, and antistatic coatings, among others. The company also owns more than 40 domestically and internationally valid patents for processing and preparing single-wall carbon nanotubes and multi-wall carbon nanotubes. Cnano is rapidly scaling production capacity, supported by strong demand from Chinese EV giants including CATL and BYD, and has emerged as one of the dominant suppliers of MWCNT conductive additives in the global lithium-ion battery market.
7. CHASM Advanced Materials Inc.
| Establishment: |
2015 |
| Headquarters: |
Massachusetts, United States |
| Website: |
https://www.chasmtek.com/ |
| Revenue: |
USD 30 Million+ (approx.) |
| Employees: |
100+ across United States |
| Key CNT Products: |
AgeNT Hybrid CNT Inks, Transparent Conductive Films, CNT Heaters, Specialty Dispersions |
CHASM Advanced Materials is a company that utilises carbon nanotubes (CNTs) for developing new advanced materials for supporting a sustainable and connected world. By leveraging carbon nanotubes, the company manipulates the properties of a product to make a meaningful impact on a global space. The company also offers engineering development and resources to its partners. CHASM produces various forms of single-walled and multi-walled carbon nanotubes that can be readily adapted for diverse applications including plastics, aerospace, automotive heaters, transparent conductive films, and advanced battery systems. The company has become a notable player in hybrid CNT ink technology for printed electronics, smart glass, and EV cabin heating applications.
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