CARBON NANOTUBES MARKET DEMAND, SHARE, AND STRATEGIC OUTLOOK - 2030

Carbon Nanotubes Market Demand, Share, and Strategic Outlook - 2030

Carbon Nanotubes Market Demand, Share, and Strategic Outlook - 2030

Blog Article

Carbon Nanotubes Market Projected to Expand at 15% CAGR Through 2030

The Global Carbon Nanotubes Market size was valued at around USD1.3 billion in 2024 and is expected to reach USD2.98 billion in 2030. Along with this, the market is estimated to grow at a CAGR of around 15% during the forecast period, i.e., 2025-30. The main factors contributing to the growth of the market include the rising demand for renewable power-generating machinery, including Photovoltaic cells such as solar panels, fuel cells, etc., and the greener electronic products, including photodiodes, semiconductors, and others. Moreover, the growth in the application of carbon nanotubes to be incorporated in components such as electrodes, catalyst supports, and proton exchange membranes is positively boosting their sales in countries like China, the US, Western Europe, etc.

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Strategic Takeaways from the Report:


  • Market Sizing and Forecasting

  • Regulatory and Policy Influence

  • Competitive Trends and M&A Activity

  • Innovation Drivers and Disruptive Technologies

  • Investment Hotspots and Emerging Niches

  • Geographical Dynamics and Trade Flows


Carbon Nanotubes Market Segment Overview & Classification

This market is categorized to offer targeted insights across various operational and consumer-related verticals.

Segment List:

By Type

  • Single-Walled Carbon Nanotubes- Market Size & Forecast 2020-2030, USD Million

    • Armchair SWCNTs- Market Size & Forecast 2020-2030, USD Million

    • Zigzag SWCNTs- Market Size & Forecast 2020-2030, USD Million

    • Chiral SWCNTs- Market Size & Forecast 2020-2030, USD Million



  • Double-Walled Carbon Nanotubes- Market Size & Forecast 2020-2030, USD Million

  • Multi-Walled Carbon Nanotubes- Market Size & Forecast 2020-2030, USD Million


Out of these, the Multi-Walled Carbon Nanotubes (MWCNTs) segment holds the largest market share of more than 40%. High mechanical strength due to multiple-layering has elevated the demand for MWCNTs in various applications over the materials. The major applications, including the water desalination systems as a membrane component used in the purification system, have started using highly durable MWCNTs. The incorporation of these tubes enhanced the removal of contaminants and salts from the water. For instance, as per the Journal of Nanomaterials, 2020, the experiment with the incorporation of MWCNTs in the water desalination system has improved the results by 54%.

By Diameter

  • Below 2 nm- Market Size & Forecast 2020-2030, USD Million

  • 2-5 nm- Market Size & Forecast 2020-2030, USD Million

  • 1-100 nm- Market Size & Forecast 2020-2030, USD Million


By Process

  • Physical Process- Market Size & Forecast 2020-2030, USD Million

    • Arc Discharge Method- Market Size & Forecast 2020-2030, USD Million

    • Laser Ablation Method- Market Size & Forecast 2020-2030, USD Million



  • Chemical Process- Market Size & Forecast 2020-2030, USD Million

    • High Pressure Carbon Monoxide Reaction- Market Size & Forecast 2020-2030, USD Million

    • Chemical Vapor Deposition- Market Size & Forecast 2020-2030, USD Million

      • Cobalt-Molybdenum Catalysis- Market Size & Forecast 2020-2030, USD Million



    • Electrochemical Process-Market Size & Forecast 2020-2030, USD Million

      • Electrolysis- Market Size & Forecast 2020-2030, USD Million






By Application

  • Electronics- Market Size & Forecast 2020-2030, USD Million

    • Semiconductors- Market Size & Forecast 2020-2030, USD Million

    • Transistors- Market Size & Forecast 2020-2030, USD Million

    • Integrated Circuits- Market Size & Forecast 2020-2030, USD Million



  • Energy- Market Size & Forecast 2020-2030, USD Million

    • Fuel Cells- Market Size & Forecast 2020-2030, USD Million

    • Solar Photovoltaic Cells- Market Size & Forecast 2020-2030, USD Million

    • Lithium-Ion Batteries- Market Size & Forecast 2020-2030, USD Million



  • Healthcare-Market Size & Forecast 2020-2030, USD Million

    • Cancer Therapeutics- Market Size & Forecast 2020-2030, USD Million

    • Biosensors- Market Size & Forecast 2020-2030, USD Million

    • Drug Delivery Systems- Market Size & Forecast 2020-2030, USD Million

    • Others (Gene Therapy, Organ Transplantation, etc.)



  • Automotive-Market Size & Forecast 2020-2030, USD Million

  • Chemicals- Market Size & Forecast 2020-2030, USD Million


Among these, the electronics segment holds the largest market share of about 35%. Electronics, including semiconductors, are poised to be the dominating sub-category in the carbon nanotubes market. Due to their small size and conducting electrical properties, these have been extensively used in the production of semiconductors in countries like China, Taiwan, South Korea, and Japan. Along with that, several countries such as India, Southeast Asia, etc., are planning to expand their semiconductor production capabilities. So, the electronics industry in these countries is set to boost the demand for CNTs.

By Region

  • North America

  • South America

  • Europe

  • The Middle East & Africa

  • Asia-Pacific.


Asia-Pacific is dominating the Global Carbon Nanotubes Market and accounting for more than 33% market share. Within this region, China has shown tremendous growth in the science and technical fields. More than 50% of the regional CNT market was captured by China. The rapidly growing research and development programs in these countries have made the Asia-Pacific region a fast-growing region in the CNT market. The advanced industrial infrastructure and high availability of research institutes in China have contributed to the advancements in the science and research departments. The rising awareness and scientific events have also become secondary reasons for the enhancement of nanotechnology in this country. Despite its massive electronics, automotive, and chemicals industries, which are the leading application areas of CNTs, the country has been organizing global events in nanoscience to boost the competitiveness and R&D focus in these industries.

These divisions help clarify demand patterns and expected shifts.

Market Driver

Rising Demand for Energy-Efficient Power Generation – The growing environmental concerns have led to the rising adoption of renewable sources of energy, including solar PV panels, fuel cells, etc. According to the International Energy Association, Solar PV is anticipated to become the largest renewable source of energy by 2029, owing to a boom in solar PV deployment pushed by Governments across the globe. By 2030, the agency estimates the global solar power capacity to snowball to 6,699 GW. As per the US Solar Energy Association, there was over 230 GW of solar capacity installed in the country, sufficient to power more than 40 million residential homes in 2024.

Therefore, driven by these developments in the solar industry, the demand for carbon nanotubes is set to surge during the forecast period.

The high thermal and electrical conductivity of carbon nanotubes has raised the interest of manufacturers of power cells to incorporate CNTs in the fabrication of these products. It has been witnessed that the energy density has also increased by using carbon nanotube elements in the power cells. For instance, as per NASA (2025), the lithium-ion batteries made from carbon nanotubes integrated into the power system on CubeSat’s Platform have increased the energy density to 300 Wh per kg. It has raised the demand for carbon nanotubes in the production of energy-efficient power cells and is expected to drive the growth of the market in the forecast period.

Carbon Nanotubes Market Competitive Snapshot from 2025-2030

The report highlights established and emerging players in the global Carbon Nanotubes Market, evaluating their strengths, challenges, and potential for innovation.

Key Competitors Include:

  • Carbon Solutions Inc.

  • LG Chem.

  • NEC Corporation

  • Reinste Nano Ventures

  • Cabot Corporation

  • Nano Lab Inc.

  • Resonac Corporation

  • Nano-C

  • Thomas Swan & Co. Ltd.

  • Jiangsu Cnano Technology Co. Ltd.

  • Nanocyl SA

  • OCSiAl

  • Toray International Inc.

  • Arkema SA

  • Timensnanao



Their activities include partnerships, product launches, and geographic expansions.

Carbon Nanotubes Industry Opportunity

Government Investments in Nanotechnology R&D – Rising government support in the field of nanotechnology has led to the potential growth of the market. The various schemes included high investments in the research and development of nanotechnology, raising the demand for carbon nanotubes. For instance, as per the US National Nanotechnology Initiative (2023), including the promotion of carbon nanotube usage, the cumulative funding has reached more than USD42 billion by 2023 from the year of execution, 2000.

The budget for 2025 contained plans for a high investment through the US government, which accounted for more than USD 2 billion. Such a high amount of governmental support has provided ample opportunities to enhance the research work in the field of nanoscience, including the expansion of carbon nanotube applications.

Frequently Asked Questions (FAQs):

  • What industries are most impacted by this market?

  • How is technology reshaping operations and offerings?

  • Which competitors dominate the landscape?

  • What risks could disrupt market expansion?

  • How should businesses respond to demand fluctuations?


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