Carbon Nanotube (CNT) Market Share Driven by Lithium Battery Demand and Advanced Material Applications | Valuates Reports

Carbon Nanotube CNT- Market Size
The global market for Carbon Nanotube CNT was estimated to be worth US$ 794 million in 2024 and is forecast to a readjusted size of US$ 9522 million by 2031 with a CAGR of 43.2% during the forecast period 2025-2031.
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The Carbon Nanotube (CNT) market is witnessing strong market growth as industries increasingly adopt nanomaterials for high-performance energy storage, electronics, and composite applications. Market trends highlight the rising role of CNTs in enhancing conductivity, strength, and durability across diverse sectors. Expanding use in lithium batteries, conductive plastics, and advanced coatings is contributing to the overall market size, supported by breakthroughs in nanotechnology and scalable production methods.

By type, multi-walled carbon nanotubes (MWNTs) account for the largest market share, owing to their cost-effectiveness, structural strength, and widespread use in industrial applications. Single-walled carbon nanotubes (SWNTs), however, are expected to record the fastest market growth, driven by their superior electrical and mechanical properties that make them ideal for next-generation electronics and high-performance energy storage devices. Both segments play a vital role in meeting the growing demand for advanced nanomaterials.

In terms of application, lithium batteries dominate the market share as CNTs are increasingly integrated into electrodes to improve charge capacity, cycle stability, and conductivity. Conductive plastics are anticipated to witness the fastest market growth, supported by rising demand from automotive, electronics, and packaging industries seeking lightweight and durable materials. Other applications, including coatings, sensors, and medical devices, further expand the adoption of CNTs across emerging fields.

Looking ahead, the market forecast suggests robust opportunities driven by large-scale adoption of electric vehicles, renewable energy storage systems, and flexible electronics. Continuous advancements in CNT synthesis, cost reduction, and material integration are expected to shape future market trends. These factors will drive sustained market growth and establish carbon nanotubes as a cornerstone material in the development of high-performance and sustainable technologies.

Segment by Type

• SWNTs
• MWNTs

Segment by Application

• Lithium Battery
• Conductive Plastic
• Others

By Company

Cnano, LG Chem, SUSN Nano, HaoXin Technology, Shandong Dazhan Nano Materials, Nanocyl, Arkema, Showa Denko, OCSiAI, Kumho Petrochemical

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This release was published on openPR.