Carbon Nanotubes Market Size to Reach USD 10.36 Billion by 2033, Growing at a CAGR of 13.72% | Straits Research

According to the latest report by Straits Research, the global carbon nanotubes (CNT) market size was valued at USD 3.24 billion in 2024 and is projected to grow from USD 3.68 billion in 2025 to USD 10.36 billion by 2033, exhibiting a compound annual growth rate (CAGR) of 13.72% during the forecast period (2025-2033). The growth of the market is driven by the increasing adoption of CNTs across the electronics, aerospace, automotive, and energy storage industries, owing to their exceptional mechanical strength, electrical conductivity, and lightweight properties.

Download Exclusive Research Report PDF Sample: (Including Full TOC, List of Tables & Figures, Chart) : https://straitsresearch.com/report/carbon-nanotubes-market/request-sample

Rising Adoption in Advanced Materials and Electronics

Carbon nanotubes are cylindrical nanostructures made of carbon atoms arranged in a hexagonal lattice, offering remarkable mechanical, electrical, and thermal properties. Their ability to enhance strength, conductivity, and miniaturization potential makes them highly desirable in electronics, aerospace, medicine, and renewable energy applications. The expanding use of CNTs in semiconductors, transistors, and conductive films is fueling growth in the electronics sector. Additionally, the rising demand for lightweight and durable materials in the aerospace and automotive industries is accelerating CNT adoption for high-performance composites and thermal management solutions.

Recent Trend: Focus on Sustainable CNT Production

The carbon nanotubes market is witnessing a strong shift toward sustainable production methods to reduce environmental impact and improve efficiency. Leading companies are adopting cleaner synthesis technologies, such as plasma-based growth and renewable carbon feedstocks, to minimize emissions and waste. In September 2023, Huntsman Corporation began constructing a 30-ton pilot plant in The Woodlands, Texas, to produce MIRALON® carbon nanotube materials from methane gas while generating clean hydrogen. Such initiatives reflect the industry's commitment to sustainable manufacturing, supporting CNT integration into energy storage, aerospace, and construction applications under stricter environmental regulations.

To get more insights about this report : https://straitsresearch.com/report/carbon-nanotubes-market

Key Growth Factors

The market's growth is primarily driven by the rising demand for lightweight and strong materials, particularly in aerospace and automotive applications. CNTs provide superior strength-to-weight ratios, making them ideal for composites used in aircraft, spacecraft, and next-generation vehicles. In April 2024, MIT engineers unveiled a "nano stitching" technique that uses vertically aligned CNTs as microscopic reinforcements in composite layers, improving resistance by 60%. This innovation demonstrates CNTs' potential to revolutionize materials science through enhanced structural integrity and reduced weight.

Restraining Factors

Despite their immense potential, health and environmental concerns pose challenges to CNT market expansion. Studies indicate that inhalation of CNT particles could lead to respiratory risks similar to asbestos exposure, leading to stricter regulations by agencies such as the EPA and EU REACH. Additionally, production processes often involve toxic chemicals, prompting companies to invest in safer manufacturing methods and extensive toxicity studies to ensure regulatory compliance.

Market Opportunities: Renewable Energy Applications

Carbon nanotubes are increasingly being incorporated into renewable energy technologies, including solar cells, fuel cells, and batteries, due to their superior electrical and mechanical properties. In March 2023, researchers from the University of Warwick, Oxford Materials, and SuperSTEM encapsulated halide perovskite-like nanowires within single-walled carbon nanotubes, achieving record miniaturization and efficiency. As the global push toward clean energy continues, CNTs are expected to play a pivotal role in enhancing photovoltaic efficiency and energy storage performance, offering lucrative growth opportunities for manufacturers and investors.

Download Exclusive Research Report PDF Sample: (Including Full TOC, List of Tables & Figures, Chart) : https://straitsresearch.com/report/carbon-nanotubes-market/request-sample

Regional Insights

Asia-Pacific leads the global CNT market, driven by robust demand from the electronics, automotive, and battery manufacturing sectors. China, home to major producers like Cnano Technology and SUSN Nano Technology, remains the dominant player with extensive manufacturing capabilities and strong government support for nanotechnology. Japan and South Korea contribute significantly through innovations in semiconductors and EV batteries.

North America is experiencing rapid growth, supported by advancements in aerospace, defense, and renewable energy. The United States, in particular, leads in CNT research and commercialization, with key developments from institutions like MIT and Rice University. Meanwhile, Europe, led by Germany and France, focuses on CNT integration in sustainable automotive materials and high-strength composites.

Market Segmentation

♦ By Type: Multi-Walled Carbon Nanotubes (MWCNTs), Single-Walled Carbon Nanotubes (SWCNTs)

♦ By Method: Chemical Vapor Deposition (CVD), Catalytic CVD, High-Pressure Carbon Monoxide Reaction, Others

♦ By Applications: Electronics & Semiconductors, Advanced Materials, Chemicals & Polymers, Batteries & Capacitors, Aerospace & Defense, Energy, Medical, Others

♦ By Region: North America, Europe, Asia-Pacific, Middle East & Africa, Latin America

To get more insights about this report : https://straitsresearch.com/report/carbon-nanotubes-market

Competitive Landscape

Resonac Holdings Corporation
Hanwha Solutions Chemical Division Corporation
Arry International Group Limited
Carbon Solutions, Inc.
Jiangsu Cnano Technology Co., Ltd
Arkema
CHASM
Cabot Corporation
Nanocyl SA
Continental Carbon Nanotechnologies, Inc.

Analyst Viewpoint

According to Straits Research analysts, the global carbon nanotubes market is on a promising growth trajectory, propelled by innovations in electronics, aerospace, and renewable energy sectors. Although challenges such as high production costs and environmental safety concerns persist, ongoing technological advancements and investments in green production methods are improving scalability and cost-efficiency. As research intensifies and applications diversify, CNTs are expected to become indispensable in the next generation of high-performance and sustainable materials.

Browse More Insights & Reports

Nanoelectronics Market : https://straitsresearch.com/report/nanoelectronics-market

Nanomaterials Market : https://straitsresearch.com/report/nanomaterials-market

About Us

For over a decade, Straits Research has been a trusted partner to more than 2,000 small and large enterprises, empowering senior leaders and decision-makers with actionable intelligence to navigate complex markets. Our structured syndicate reports, published year-round, cover critical sectors such as chemicals, materials, food and beverage, healthcare, pharmaceuticals, automotive, technology, aerospace, and defense. Combined with our custom research tailored to client-specific needs, we deliver insights that drive business progress and informed decision-making.

Contact Us

Office 515 A, Amanora Chambers,
Amanora Park Town, Hadapsar,
Pune 411028, Maharashtra, India.

+1 646 905 0080 (U.S.)
+91 8087085354 (India)
+44 203 695 0070 (U.K.)
sales@straitsresearch.com

This release was published on openPR.