Press release
Carbon Nanotubes (CNT) Market valued at USD 6.4 billion in 2024 and is projected to reach USD 18.9 billion by 2030
Carbon Nanotubes (CNT) Market
The Carbon Nanotubes (CNT) Market is expanding strongly as industries adopt high-performance nanomaterials to enhance mechanical strength, thermal stability, electrical conductivity, and lightweighting across applications. Carbon nanotubes-both single-walled (SWCNT) and multi-walled (MWCNT)-are increasingly used in electronics, energy storage, aerospace, automotive, coatings, composites, medical devices, and semiconductor manufacturing.
The global CNT market is valued at USD 6.4 billion in 2024 and is projected to reach USD 18.9 billion by 2030, growing at an impressive CAGR of 19.7% during 2024-2030. Growth is driven by the rise of EV batteries, conductive polymers, electromagnetic shielding materials, advanced composites, and next-generation electronics.
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Market Growth (2024-2030)
• Market Size 2024: USD 6.4 billion
• Market Size 2030: USD 18.9 billion
• CAGR: 19.7%
Asia-Pacific dominates due to rapid expansion of electronics manufacturing, EV battery production, and strong investments in nanomaterial R&D.
Key Market Drivers
• Rising demand for CNT-enhanced Li-ion and solid-state batteries for EVs
• Increasing use of CNTs in semiconductors, sensors, and flexible electronics
• Strong adoption in aerospace & automotive lightweight composites
• Superior electrical & thermal conductivity driving use in EMI shielding materials
• Growth of 3D printing, coatings, and nanotech-enabled polymers
• Rapid expansion of energy storage, hydrogen storage, and fuel cell applications
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Market Segmentation
By Product Type
• Multi-Walled Carbon Nanotubes (MWCNTs) - Largest segment
• Single-Walled Carbon Nanotubes (SWCNTs) - Fastest growing
• Few-Walled Carbon Nanotubes (FWCNTs)
• Functionalized CNTs
By Method of Production
• Chemical Vapor Deposition (CVD)
• Catalytic CVD
• Arc Discharge
• Laser Ablation
• Floating Catalyst Method
• Plasma Torch Method
By Application
• Electronics & Semiconductors
o Transistors
o Conductive Films
o Sensors
• Energy Storage
o Lithium-Ion Batteries
o Solid-State Batteries
o Supercapacitors
• Composites & Polymers
o Automotive Components
o Aerospace Composites
• Medical Devices & Biotechnology
o Drug Delivery
o Biosensors
• Conductive Inks & Coatings
• Adhesives & Sealants
• EMI Shielding & Thermal Interface Materials
By End-Use Industry
• Electronics
• Automotive & EV
• Aerospace & Defense
• Energy & Power
• Healthcare & Medical
• Chemicals & Materials
• Industrial Manufacturing
• Textiles (Smart Fabrics)
By Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
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Key Market Trends
• Rapid adoption of CNTs in EV battery anodes, cathode conductive additives, and solid electrolytes
• Development of CNT-based transparent conductive films for next-gen displays
• Growth in 5G and high-frequency electronics requiring advanced nanomaterials
• Increasing use in ultra-strong lightweight composites for aerospace and defense
• Expansion of CNT-enabled electromagnetic interference (EMI) shielding in electronics
• Emerging applications in nano-drug delivery and biosensors
• Significant R&D in CNT-reinforced 3D printing materials
Competitive Landscape
Major companies operating in the Carbon Nanotubes Market include:
• LG Chem
• Cabot Corporation
• Arkema S.A.
• Showa Denko K.K. (Resonac Holdings)
• Nanocyl S.A.
• OCSiAl (Leading producer of single-wall CNTs)
• Cnano Technology
• Toray Industries
• Hyperion Catalysis International
• Mitsubishi Chemical Corporation
These companies focus on improving CNT dispersion technologies, scaling high-purity CNT production, and expanding usage in EV batteries and electronics.
Recent Developments
• Major producers expanding CNT manufacturing plants to support EV battery demand
• Commercialization of SWCNTs for semiconductor interconnects and high-frequency devices
• New CNT materials introduced for supercapacitors and hydrogen storage
• Partnerships between battery manufacturers and CNT suppliers for next-gen battery performance enhancement
• Introduction of CNT-based inks and coatings for flexible electronics and printed circuits
• R&D in CNT-graphene hybrid materials for advanced thermal management
This report is also available in the following languages : Japanese (カーボンナノチューブ市場), Korean (탄소 나노튜브 시장), Chinese (碳纳米管市场), French (Marché des nanotubes de carbone), German (Markt für Kohlenstoffnanoröhren), and Italian (Mercato dei nanotubi di carbonio), etc.
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