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Report Overview
The carbon nanotubes market attained a value of USD 10.96 Billion in 2025. The market is expected to grow at a CAGR of 16.50% during the forecast period of 2026-2035. By 2035, the market is expected to reach USD 50.47 Billion.
The rapid rise of electric vehicles (EVs), portable electronics, and renewable energy storage is driving the market for carbon nanotubes for enhancing batteries and supercapacitors. Carbon nanotubes (CNTs) improve conductivity, charge capacity, and cycle life by reinforcing electrodes, driving innovations. In June 2023, CHASM Advanced Materials introduced NTeC®-E conductive CNT additives for lithium-ion batteries to offer scalable, cost-efficient, and sustainable solutions This surge is making way for lightweight and durable batteries for green energy transition.
Carbon nanotube recycling is a significant contributor to the market, as it supports environmental sustainability and cost-efficiency. By recovering CNTs from used composites, electronic waste, or even plastic materials, manufacturers are reducing reliance on virgin raw materials and lower production costs. In January 2025, rice researchers revealed breakthrough carbon nanotube recycling method for enabling sustainable, eco-friendly production of advanced nanomaterials for diverse applications. This offers accessibility for large-scale applications in sectors, such as energy storage, electronics, automotive, and construction.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
Competitive Landscape
Key players in the carbon nanotubes market are adopting a range of strategic initiatives to strengthen their position and capitalize on growing demand across industries. Technological innovation is urging companies to invest heavily in research & development to enhance properties, such as conductivity, strength, and thermal resistance, making them suitable for applications in electronics, aerospace, energy storage, and automotive sectors. Strategic partnerships and collaborations with research institutions, end-use industries, and material science firms are also common, enabling the development of tailored solutions.
Many firms are also expanding production capacities to meet rising global demand, particularly for multi-walled nanotubes due to their cost-effectiveness and versatility. Geographical expansion is another focus, especially in emerging markets, where industrial applications are rapidly growing. Sustainability is becoming increasingly important, prompting players to explore eco-friendly production methods and recyclable nanomaterials. Additionally, companies are adopting competitive pricing strategies, forming long-term supply agreements, and entering licensing deals to increase market penetration and ensure steady revenue streams.
Arkema Group
Founded in 2004, Arkema Group is headquartered in Colombes, France, and specializes in advanced materials, including carbon nanotubes through its subsidiary, Graphistrength®. Arkema offers CNTs for use in electronics, composites, coatings, and energy storage, with a focus on enhancing material strength, conductivity, and lightweight properties.
Toray Industries, Inc.
Toray Industries, established in 1926 and headquartered in Tokyo, Japan, is a global leader in high-performance materials, offering carbon nanotubes primarily for use in aerospace, automotive, and electronic sectors. Toray’s CNT technologies support lightweight, durable, and conductive solutions, contributing significantly to advancements in composite materials.
Carbon Solutions, Inc.
Carbon Solutions, Inc., founded in 1998 and headquartered in Riverside, the United States, is known for its production and functionalization of carbon nanotubes and other nanomaterials. The company supplies high-purity CNTs tailored for academic research and industrial use,
particularly in electronics, coatings, sensors, and energy storage technologies.
Cheap Tubes Inc.
Established in 2005, Cheap Tubes Inc. is headquartered in Grafton, the United States and offers a broad range of carbon nanomaterials. The company serves sectors like electronics, biomedical, aerospace, and energy, with a focus on affordability and customized nanotechnology solutions.
Other players in the carbon nanotubes market are Nanocyl SA, Jiangsu Cnano Technology Co., Ltd, and CHASM Advanced Materials Inc., among others.
Carbon Nanotubes Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2025, the market reached an approximate value of USD 10.96 Billion.
The market is projected to grow at a CAGR of 16.50% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach about USD 50.47 Billion by 2035.
Key strategies driving the market include technological innovation, strategic partnerships, expanding applications in electronics and energy, focus on sustainable production and recycling, increasing R&D investments, adoption of eco-friendly materials, and regional market expansions to meet rising demand across automotive, aerospace, and healthcare industries.
The key trends guiding the market growth include the ongoing R&D activities to enhance the applications of carbon nanotubes, the rising demand for multi-walled carbon nanotubes, and technological advancements and innovations.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major types of carbon nanotubes are single walled and multi walled.
The significant methods in the market include chemical vapour deposition, catalytic chemical vapour deposition, and high pressure carbon monoxide reaction, among others.
The major applications of carbon nanotubes are batteries and capacitors, chemical and polymers, electrical and electronics, automotive, energy, aerospace and defence, and medical, among others.
The key players in the market report include Arkema Group, Toray Industries, Inc., Carbon Solutions, Inc., Cheap Tubes Inc., Nanocyl SA, Jiangsu Cnano Technology Co., Ltd, and CHASM Advanced Materials Inc., among others.
The North America leads the market due to strong infrastructure, advanced manufacturing capabilities, and significant investments in nanotechnology.
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