openPR Logo
Press release

Single-walled Carbon Nanotube Market Set to Skyrocket to US$24.1 Billion by 2031 Amid Surging Demand in Electronics, EVs, and Nanotech Applications | TMR Research

05-07-2025 08:03 AM CET | Chemicals & Materials

Press release from: Transparency Market Research

Single-walled Carbon Nanotube

Single-walled Carbon Nanotube

The global single-walled carbon nanotube (SWCNT) market, valued at US$358.0 million in 2021, is poised for extraordinary growth. It is estimated to surge at a compound annual growth rate (CAGR) of 52.4% from 2022 to 2031, reaching US$24.1 billion by the end of 2031. This remarkable expansion reflects the increasing adoption of SWCNTs in electronics, energy storage, and aerospace, driven by their exceptional electrical, thermal, and mechanical properties. With a projected growth of over 6,700%, SWCNTs are set to transform industries through 2031.

Get Sample PDF Brochure from here: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=73935

Understanding the Single-walled Carbon Nanotube Market

Single-walled carbon nanotubes are cylindrical nanostructures formed by a single graphene sheet rolled into a tube, with diameters of 1-2 nanometers. They exhibit unparalleled electrical conductivity, thermal stability, and mechanical strength, rivaling or surpassing traditional materials like silicon and metals. The 2021 valuation of US$358.0 million underscores their emerging role, with the projected rise to US$24.1 billion by 2031 driven by applications in electromagnetic interference (EMI) shielding, lithium-ion batteries, and composites. The 52.4% CAGR reflects explosive demand, supported by advancements in production techniques like chemical vapor deposition (CVD), which held 47.8% market share in 2021.

Key Drivers of Market Growth

Several factors are propelling the SWCNT market toward its US$24.1 billion milestone by 2031. First, the electronics and semiconductor industry's evolution is a primary driver. SWCNTs are critical for EMI shielding in flexible electronics, wearable devices, and smart clothing, reducing interference by 20-30% compared to metal-based materials. The global electronics market, valued at US$2 trillion in 2023, per Statista, increasingly adopts SWCNTs for transistors and sensors, aligning with the 52.4% CAGR as demand for miniaturized, efficient devices grows.

Second, energy storage applications fuel growth. SWCNTs enhance lithium-ion battery performance by mitigating dendrite formation, improving safety and capacity by 15-20%. The electric vehicle (EV) market, projected to reach US$1.2 trillion by 2030, drives demand, particularly in Asia-Pacific, where China's battery production dominates. Companies like OCSiAl, holding over 90% market share, are scaling SWCNT production for EV batteries, supporting the market's trajectory to US$24.1 billion.

Third, aerospace and automotive sectors leverage SWCNTs for lightweight, high-strength composites. These materials improve fuel efficiency by 5-10% in vehicles and aircraft, per industry studies. The U.S. aerospace sector, valued at US$400 billion in 2023, and India's growing automotive industry, with 4 million 5G smartphones shipped in 2023, amplify demand. Innovations like vertically aligned SWCNTs by Lawrence Livermore National Laboratory (LLNL) in 2022 enhance applications in batteries and composites, driving growth through 2031.

Top Companies:

OCSiAl
Zeon Nanotechnology Co., Ltd.
Thomas Swan & Co., Ltd.
Meijo Nanocarbon Co. Ltd.
Nano-C
SES Research
Carbon Solutions Inc.
Raymor Industries Inc.
Nemo Nanomaterials

Visit our report to discover essential insights and analysis - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=73935

Market Segmentation and Regional Insights

The market segments by technology, application, and region. CVD technology dominated in 2021, holding 47.8% share, due to its scalability and precision. Applications include electronics and semiconductors (50% share), energy storage, aerospace, and biomedical, with electronics leading for SWCNTs' conductivity. Emerging biomedical uses, like drug delivery, grow at 55% CAGR, driven by SWCNTs' biocompatibility.

Regionally, Asia-Pacific held 55.4% of the US$358.0 million market in 2021, driven by China, Japan, and India's electronics and automotive industries, with a projected 53% regional CAGR. Europe and North America, with 16.3% and 24.2% shares, grow at 52.6% and 48.3% CAGRs, respectively, fueled by R&D and aerospace. The Middle East and Africa lag due to limited infrastructure but show potential in energy applications.

Challenges and Opportunities

The market faces challenges. High production costs, 20-30% above multi-walled carbon nanotubes (MWCNTs), and scalability issues, with only 100 tons produced globally in 2021, limit adoption. Health concerns, like potential toxicity, and regulatory hurdles in the EU also pose risks. The 52.4% CAGR reflects a market overcoming these with strong demand and innovation.

These challenges present opportunities. Cost reductions through advanced CVD techniques, like Zeon Nanotechnology's 2023 optimizations, could lower prices, supporting the push to US$24.1 billion. Expanding biomedical applications, with SWCNTs in targeted drug delivery growing 18.7% CAGR, offer potential. Emerging markets in Latin America and strategic partnerships, like Nemo Nanomaterials' 2022 collaboration with Kafrit, enhance scalability.

The Road to 2031

By 2031, the global SWCNT market is projected to reach US$24.1 billion, reflecting a decade of explosive growth at a 52.4% CAGR from US$358.0 million in 2021. This milestone is driven by electronics, energy storage, and aerospace demand. The market's trajectory suggests continued expansion, with SWCNTs redefining advanced materials.

In conclusion, the SWCNT market demonstrates unparalleled growth through 2031. Rising from US$358.0 million to US$24.1 billion, it addresses technological and industrial needs with innovative solutions. Stakeholders-from producers like OCSiAl, Zeon Nanotechnology, and Meijo Nanocarbon to end-users in electronics and aerospace-play a vital role, ensuring SWCNTs shape a transformative future through 2031 and beyond.

Browse More Trending Research Reports:

Emulsifiers Market for Personal Care Applications- https://www.globenewswire.com/news-release/2024/11/28/2988614/32656/en/Emulsifiers-Market-for-Personal-Care-Applications-to-Reach-3-0-Billion-by-2034-Fueled-by-Demand-for-Sustainable-and-Natural-Ingredients-TMR.html

Copper Market- https://www.prnewswire.com/news-releases/copper-market-value-to-reach-us-278-1-bn-by-2031--tmr-study-301716575.html

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact Us:

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Single-walled Carbon Nanotube Market Set to Skyrocket to US$24.1 Billion by 2031 Amid Surging Demand in Electronics, EVs, and Nanotech Applications | TMR Research here

News-ID: 4002440 • Views:

More Releases from Transparency Market Research

SQUID Sensors Market Expected to Reach USD 247.21 Billion by 2034 - Transparency Market Research
SQUID Sensors Market Expected to Reach USD 247.21 Billion by 2034 - Transparency …
SQUID (Superconducting Quantum Interference Device) sensors are ultra-sensitive instruments designed to detect extremely weak magnetic fields with remarkable precision. Utilizing superconducting technology, these sensors are essential in scientific research, medical diagnostics, and a range of industrial applications. The SQUID Sensors Market is expected to witness substantial growth from 2023 to 2033, driven by advancements in material science, rising adoption in the healthcare sector, and expanding use in quantum computing and
Outdoor Power Equipment Market Expected to Reach USD 42.8 Billion by 2034, Registering a CAGR of 3.1% - TMR Report
Outdoor Power Equipment Market Expected to Reach USD 42.8 Billion by 2034, Regis …
Outdoor power equipment (OPE) encompasses tools and machinery designed for tasks such as landscaping, gardening, and outdoor construction. Widely used across residential, commercial, and industrial sectors, these products are essential for activities like lawn mowing, snow removal, and general garden upkeep. The Outdoor Power Equipment market is projected to reach a valuation of USD 42.8 billion by 2034. The market is anticipated to expand at a compound annual growth rate (CAGR)
Consumer Genomics Market Outlook 2032: From US$ 2.4 Billion in 2021 to US$ 21.2 Billion by 2032, Driven by Rising Demand for Personalized Medicine and Genetic Testing
Consumer Genomics Market Outlook 2032: From US$ 2.4 Billion in 2021 to US$ 21.2 …
The global Consumer Genomics Market, valued at US$ 2.4 billion in 2021, is set for remarkable growth, projected to expand at a compound annual growth rate (CAGR) of 22.3% from 2022 to 2032, reaching a valuation of US$ 21.2 billion by the end of the forecast period. Consumer genomics, which involves direct-to-consumer (DTC) genetic testing for ancestry, health risks, and lifestyle insights, has gained popularity due to its accessibility and
Penicillin G Acylase Market Outlook 2031: From US$ 672.5 Million in 2022 to US$ 1.1 Billion by 2031, Driven by Rising Demand for Semi-Synthetic Penicillins and Enzyme-Based Technologies
Penicillin G Acylase Market Outlook 2031: From US$ 672.5 Million in 2022 to US$ …
The global Penicillin G Acylase (PGA) Market, valued at US$ 672.5 million in 2022, is poised for steady growth, projected to expand at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2031, surpassing US$ 1.1 billion by the end of the forecast period. Penicillin G acylase, an enzyme critical for producing semi-synthetic penicillins and cephalosporins, plays a vital role in the pharmaceutical industry by enabling cost-effective and

All 5 Releases


More Releases for SWCNT

Fullerene market expected to display a robust growth of 8.44% CAGR
Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report. Get Free Sample Copy of Fullerene Market Report @ https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1555457 Executive Summary -: A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Fullerene Market By Type (SWCNT, MWCNT, Bucky Balls and Nano Rods),By Application (Plastics and Composites, Electronics and Semiconductors, Energy,
Single Walled Carbon Nanotube Market With Top 10 Key Players Carbon Solutions, I …
Carbon nanotubes (CNTs) are allotropes of carbon. They come in a cylindrical nanostructure of carbon molecules with unusual properties which are valuable in nanotechnology and other fields of material science. The properties exhibited by carbon nanotubes include, greater thermal conductivity, extraordinary electrical properties and good mechanical strength. Single-walled carbon nanotube (SWCNT) is a long hollow structure with the wall formed by single-atom-thick sheets of carbon. The sheets are rolled at
Carbon Nanotube Market Size 2018 Global Key Manufacturers - BASF SE, Dow Chemica …
Market Overview: The Global Carbon Nanotubes Market has been estimated to grow at a higher CAGR to reach ~USD 8.2 billion till 2023. This, in turn, is projected to fuel the demand for CNT during the forecast period. Carbon nanotubes (CNTs), the cylinders of nanometer diameter, are consists of graphene sheet wrapped up to form a tube structure. The tubes can be single walled or double or triple-walled that is multi-walled. These
Single-Walled Carbon Nanotube Market Leading Key Players Nanocyl SA, SHOWA DENKO …
Market Overview of Single-Walled Carbon Nanotube Market 2018 to 2023 Single-walled carbon nanotubes (SWCNTs) the cylinders of nanometer diameter, which consists a single graphene sheet wrapped up to form a tube structure. These tubes can either metals or semiconductors. The electrical properties exhibited by SWCNTs can rival or even exceed the best metals or semiconductor. The prominent players in the global SWCNT market are Nanocyl SA (Belgium), SHOWA DENKO K.K. (Japan), Arry
Single Walled Carbon Nanotube Market Forecast to 2023 | Prominent Players Carbon …
Carbon nanotubes (CNTs) are allotropes of carbon. They come in a cylindrical nanostructure of carbon molecules with unusual properties which are valuable in nanotechnology and other fields of material science. The properties exhibited by carbon nanotubes include, greater thermal conductivity, extraordinary electrical properties and good mechanical strength. Single-walled carbon nanotube (SWCNT) is a long hollow structure with the wall formed by single-atom-thick sheets of carbon. The sheets are rolled at
Global Fullerene Market 2018 Key Players: Nano-C, Mitsubishi Corporation, Materi …
Fullerene Market: WiseGuyReports.com adds “Fullerene Market 2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023” reports to its database. Executive Summary A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Fullerene Market By Type (SWCNT, MWCNT, Bucky Balls and Nano Rods),By Application (Plastics and Composites, Electronics and Semiconductors, Energy, Batteries and Capacitors