Press release
North America Carbon Nanotubes Market Expands Rapidly, Driven by Electronics, Energy Storage & Advanced Material Applications | Key Companies: Nanoshel LLC, NanoLab Inc, Kumho Petrochemical Co Ltd, Klean Industries Inc, LG Chem Ltd
North America Carbon Nanotubes Market
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Carbon nanotubes are nanostructured materials with exceptional electrical, thermal, and mechanical properties, widely applied in electronics, energy storage, composites, and medical devices. The North America CNT market was valued at USD 1.28 billion in 2024, with expectations to grow at a CAGR of 16.5%, reaching USD 3.6 billion by 2030. In recent developments, U.S. battery manufacturers have increased CNT adoption for next-gen lithium-sulfur and solid-state batteries, signaling strong demand from the EV sector.
Latest Industry Update on North America Carbon Nanotubes Market:
📌 In August 2025, NanoXplore announced the expansion of its graphene and carbon nanotube production facility in Canada. The upgrade increases annual capacity by 40%. It supports applications in batteries, composites, and lightweight materials.
📌 In July 2025, Cabot Corporation launched a new CNT-enhanced conductive additive for EV batteries in the U.S. The solution improves energy density and cycle life. It accelerates adoption of high-performance electric mobility.
📌 In June 2025, OCSiAl invested $300 million to scale CNT manufacturing operations in North America. The expansion strengthens supply for electronics and aerospace industries. It positions the region as a CNT innovation hub.
📌 In May 2025, Applied Nanotech partnered with Dow Chemical to integrate CNTs into next-gen coatings. The technology enhances durability and conductivity. It opens new opportunities in automotive and construction markets.
North America Carbon Nanotubes Market Key Companies:
The report profiles leading players shaping the North America Carbon Nanotubes Market, including:
Nanoshel LLC, NanoLab Inc, Kumho Petrochemical Co Ltd, Klean Industries Inc, LG Chem Ltd, Raymore Industries Inc, Nanocyl SA, Arkema SA, Tokyo Chemical Industries Co Ltd, Cobot Corp among others.
These companies are adopting strategies such as product launches, mergers & acquisitions, and partnerships to expand their market footprint.
Growth Driver:
The carbon nanotubes (CNT) market is witnessing growth fueled by rising demand in electronics, energy storage, and aerospace industries. Their superior conductivity and mechanical strength make them critical in advanced materials. Recent developments, such as Cabot Corporation's capacity expansion for CNTs and collaborations with EV battery manufacturers, highlight the growing adoption in energy storage solutions.
Comprehensive Market Segmentation:
The North America Carbon Nanotubes Market has been segmented to provide a clear understanding of its structure and dynamics. The report categorizes the market by product type, application, end-user industry, and region, offering detailed insights into each segment's growth potential. This segmentation helps stakeholders identify key opportunities, evaluate demand patterns, and develop targeted strategies to strengthen their market position.
By Type (Single, Multi Walled), Method (Chemical Vapor Deposition, Catalytic Chemical Vapor Deposition, High-Pressure Carbon Monoxide), By Application (Electronics, Chemical, Batteries, Energy, Medical)
Regional Outlook Highlighting Growth:
• North America: Expected to dominate the North America Carbon Nanotubes market due to high technology adoption and strong industry presence.
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FAQ
✅ What is the growth forecast for the carbon nanotubes market in North America?
✅ Which applications (electronics, energy storage, composites) are driving demand?
✅ Who are the leading producers of carbon nanotubes in North America?
✅ What technological innovations are shaping CNT production in the region?
✅ How does North America compare with Asia-Pacific in CNT adoption?
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