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Carbon Nanotubes Market

Global Carbon Nanotubes Market Size, Share, Trends, Growth: By Type: Single Walled, Multi Walled; By Method: Chemical Vapor Deposition, Catalytic Chemical Vapor Deposition, High Pressure Carbon Monoxide Reaction, Others; By Application: Batteries and Capacitors, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Carbon Nanotubes Market Outlook

The global carbon nanotubes market attained USD 9.41 billion in 2023 and is expected to grow at a CAGR of 16.5% in the forecast period of 2020-2025 to reach USD 37.30 billion by 2032.

 

Global Carbon Nanotubes Market

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Extensive Application of Carbon Nanotubes to Aid the Market Growth of Carbon Nanotubes

The market growth of carbon nanotubes is being driven by the rising demand for the product in various applications like integrated circuits, field emission displays, lithium batteries, hydrogen storage, fuel cells, solar PV cells, and drug delivery. Further, the growing commercialization and ramping up of installed capacities is boosting the market growth of carbon nanotubes. The technological advancements to bring into effect enhanced quality, develop advanced products, and decrease the prices is expected to aid the market growth over the forecast period. Moreover, the ongoing R&D to capture new applications, such as glass ceramic, structural steel, hair colour, and agriculture is predicted to aid the market growth in the coming years.

Region-wise, the Asia Pacific market is estimated to grow exponentially over the forecast period as a result of rising demand from many countries, such as China, India, Vietnam, Taiwan, South Korea, and Singapore. The robust demand from the region is contributing to the global growth of the carbon nanotubes. China is expected to dominate the carbon nanotubes demand owing to rising industrial production in the country.

 

Carbon nanotubes: Market Segmentation

Carbon nanotubes are basically tubes made of carbon and its diameter are usually measured in nanometers. They are also referred to as single-wall carbon nanotubes.

 

Global Carbon Nanotubes Market By Application

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On the basis of type, the market is divided into:

  • Single Walled
  • Multi Walled

Based on method, the industry can be segmented into:

  • Chemical Vapor Deposition
  • Catalytic Chemical Vapor Deposition
  • High Pressure Carbon Monoxide Reaction
  • Others

By application, the industry is categorised into:

  • Batteries and Capacitors
  • Chemical and Polymers
  • Electrical and Electronics
  • Automotive
  • Energy
  • Aerospace and Defense
  • Medical
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Carbon Nanotubes Market By Region

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Rising Demand for Multi-Walled Carbon Nanotube Segment to Aid the Market Growth of Carbon Nanotubes

The market growth of carbon nanotubes is being driven by the rising demand for multi-walled carbon nanotube segment. The multi-walled variant of carbon nanotubes is used in various applications like conductive transparent electrodes, electrical conductivity, supercapacitors, conductive nano inks, conductive heating films, chemical sensors, super batteries, nanodevices, displays, energy storages, thermal interface material, and solar industries. Further, the steady rise in the feasibility of many potential applications of carbon nanotubes is expected to boost the market growth over the forecast period.

 

Key Industry Players in the Global Carbon nanotubes Market

The report gives a detailed analysis of the following key players in the global carbon nanotubes market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Arkema Group
  • Toray Industries, Inc.
  • Carbon Solutions, Inc.
  • Cheap Tubes Inc.
  • Nanocyl SA
  • Jiangsu Cnano Technology Co., Ltd
  • CHASM Advanced Materials Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Method
  • Application
  • Region
Breakup by Type
  • Single Walled
  • Multi Walled
Breakup by Method
  • Chemical Vapor Deposition
  • Catalytic Chemical Vapor Deposition
  • High Pressure Carbon Monoxide Reaction
  • Others
Breakup by Application
  • Batteries and Capacitors
  • Chemical and Polymers
  • Electrical and Electronics
  • Automotive
  • Energy
  • Aerospace and Defense
  • Medical
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Arkema Group
  • Toray Industries, Inc.
  • Carbon Solutions, Inc.
  • Cheap Tubes Inc.
  • Nanocyl SA
  • Jiangsu Cnano Technology Co., Ltd
  • CHASM Advanced Materials Inc
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

Carbon Nanotubes Market Report Snapshots

Carbon Nanotubes Market Size

Carbon Nanotubes Market Growth

Carbon Nanotubes Companies

 

*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.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Carbon Nanotubes Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Carbon Nanotubes Historical Market (2018-2023) 
    8.3    Global Carbon Nanotubes Market Forecast (2024-2032)
    8.4    Global Carbon Nanotubes Market by Type
        8.4.1    Single Walled
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2023)
            8.4.1.3    Forecast Trend (2024-2032)
        8.4.2    Multi Walled
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2023)
            8.4.2.3    Forecast Trend (2024-2032)
    8.5    Global Carbon Nanotubes Market by Method
        8.5.1    Chemical Vapor Deposition
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2023)
            8.5.1.3    Forecast Trend (2024-2032)
        8.5.2    Catalytic Chemical Vapor Deposition
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2023)
            8.5.2.3    Forecast Trend (2024-2032)
        8.5.3    High Pressure Carbon Monoxide Reaction
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2023)
            8.5.3.3    Forecast Trend (2024-2032)
        8.5.4    Others
    8.6    Global Carbon Nanotubes Market by Application
        8.6.1    Batteries and Capacitors
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2023)
            8.6.1.3    Forecast Trend (2024-2032)
        8.6.2    Chemical and Polymers
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2023)
            8.6.2.3    Forecast Trend (2024-2032)
        8.6.3    Electrical and Electronics
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2023)
            8.6.3.3    Forecast Trend (2024-2032)
        8.6.4    Automotive
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2023)
            8.6.4.3    Forecast Trend (2024-2032)
        8.6.5    Energy
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2023)
            8.6.5.3    Forecast Trend (2024-2032)
        8.6.6    Aerospace and Defense
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2018-2023)
            8.6.6.3    Forecast Trend (2024-2032)
        8.6.7    Medical
            8.6.7.1    Market Share
            8.6.7.2    Historical Trend (2018-2023)
            8.6.7.3    Forecast Trend (2024-2032)
        8.6.8    Others
    8.7    Global Carbon Nanotubes Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    South Korea
            9.3.3.6    Australia
            9.3.3.7    Others
    9.4    Latin America
        9.4.1    Historical Trend (2018-2023)
        9.4.2    Forecast Trend (2024-2032)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2018-2023)
        9.5.2    Forecast Trend (2024-2032)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
11    Price Analysis
12    Competitive Landscape
    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Arkema Group
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Toray Industries, Inc.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Carbon Solutions, Inc.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Cheap Tubes Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Nanocyl SA
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Jiangsu Cnano Technology Co., Ltd
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    CHASM Advanced Materials Inc.
            12.2.7.1    Company Overview
            12.2.7.2    Product Portfolio
            12.2.7.3    Demographic Reach and Achievements
            12.2.7.4    Certifications
        12.2.8    Others
13    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Carbon Nanotubes Market: Key Industry Highlights, 2018 and 2032
2.    Global Carbon Nanotubes Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global Carbon Nanotubes Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Carbon Nanotubes Historical Market: Breakup by Method (USD Billion), 2018-2023
5.    Global Carbon Nanotubes Market Forecast: Breakup by Method (USD Billion), 2024-2032
6.    Global Carbon Nanotubes Historical Market: Breakup by Application (USD Billion), 2018-2023
7.    Global Carbon Nanotubes Market Forecast: Breakup by Application (USD Billion), 2024-2032
8.    Global Carbon Nanotubes Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Carbon Nanotubes Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Carbon Nanotubes Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Carbon Nanotubes Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Carbon Nanotubes Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Carbon Nanotubes Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Carbon Nanotubes Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Carbon Nanotubes Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Carbon Nanotubes Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Carbon Nanotubes Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Carbon Nanotubes Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Carbon Nanotubes Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Global Carbon Nanotubes Market Structure

Key Questions Answered in the Report

In 2023, the global carbon nanotubes market attained a value of nearly USD 9.41 billion.

The market is projected to grow at a CAGR of 16.50% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 37.30 billion by 2032.

The rising disposable incomes, increasing population, the rising demand for carbon nanotubes in developing regions, and the extensive applications of the product are driving the market growth.

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 market players are 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.

Analyst Review

The global carbon nanotubes market attained a value of USD 9.41 billion in 2023 driven by rising demand from the developing regions. Aided by the technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 16.50%. The carbon nanotubes market is projected to reach USD 37.30 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the carbon nanotubes industry can be bifurcated into single walled and multi walled. On the basis of methods, the Industry is segmented into chemical vapor deposition, catalytic chemical vapor deposition, and high pressure carbon monoxide reaction, among others. By applications, the industry is categorised into batteries and capacitors, chemical and polymers, electrical and electronics, automotive, energy, aerospace and defense, medical, among others. The major regional markets for carbon nanotubes are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Arkema Group, Toray Industries, Inc., Carbon Solutions, Inc., Cheap Tubes Inc., Nanocyl SA, Jiangsu Cnano Technology Co., Ltd, CHASM Advanced Materials Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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