Top 50 Companies in Carbon Nanotubes Market: Key Insights & Innovations (2024–2035)
RELEASE DATE: Aug 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Carbon Nanotubes Market Size is projected To Grow from USD 6.15 Billion in 2024 to USD 23.65 Billion by 2035, at a CAGR of 13.03% during the forecast period 2025–2035. Aerospace entails a number of dangers, and most aircraft manufacturers work to make their components stronger, more durable, and more resilient. In order to reduce fuel consumption and increase aircraft operating costs, the aerospace industry is concentrating on weight reduction. The fuselage of a contemporary, high-tech aircraft is constructed from several sheets of various composite materials.
Introduction
A Carbon Nanotube Market Size, or CNT, is a carbon-based tube with a diameter of a few nanometers on average. Numerous health risks connected to the production of carbon nanotubes are significantly impeding industry expansion. In addition, the market for carbon nanotubes has limited growth potential due to the high cost of manufacture. Nonetheless, during the foreseeable period, the demand will rise due to the increased commercialization of carbon nanotubes and their improved quality. The electrical, physical, and thermal properties of carbon nanotubes allow for a wide range of applications across numerous industries. The carbon nanotubes are a few nanometers in size and possess exceptional qualities such as electrical conductivity, a high degree of tensile strength, and the ability to tolerate high temperatures. Within the polymer sector, carbon nanotubes are employed as reinforcing materials to make polymers stronger and lighter.
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Carbon Nanotubes Market Size & Statistics
- The Market Size for Carbon nanotubes Was Estimated to be worth USD 6.15 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 13.03% between 2025 and 2035.
- The Global Carbon Nanotubes Market Size is anticipated to reach USD 23.65 Billion by 2035.
- North America is expected to generate the highest demand during the forecast period in the Carbon Nanotubes Market
- Asia-Pacific is expected to grow the fastest during the forecast period in the Carbon Nanotubes Market.
Regional growth and demand
Asia-Pacific is expected to grow the fastest during the forecast period in the carbon nanotubes market. The market will be boosted in the future by the expansion of the automotive, construction, aerospace, and electronics industries in certain countries in the Asia Pacific region, such as China, Japan, Malaysia, and India. South Korea, Japan, China, and Singapore are increasing their production of electronic goods, which is anticipated to support market expansion. The use of this product will rise in tandem with the growing demand for circuit boards. The Asia Pacific consumer electronics market is anticipated to expand, which will increase its market share globally.
North America is expected to generate the highest demand during the forecast period in the carbon nanotubes market. The increasing demand for high-tech applications involving advanced materials, such as optoelectronics, aerospace, and defense, is a major motivator. The region's expanding defense budgets support the use of carbon nanotubes in laser technology, infrared domes, and military optics. North America spent more than $940 Billion on military spending in 2023, of which over $916 Billion came from the United States. The constant demand for cutting-edge materials in optical technologies, such as sophisticated screens, lenses, and optical fibers, is another driver of market expansion.
Top 5 trends in the Carbon Nanotubes Market
- Increasing demand in the electronics and automotive sectors
- Advancements in energy storage applications like lithium-ion batteries and supercapacitors
- Rising use in aerospace for lightweight, strong composite materials
- Development of low-cost, scalable synthesis methods
- Growing adoption in healthcare for drug delivery and diagnostics
1. Increasing demand in electronics and automotive sectors
Carbon Nanotubes Market Size are extensively used in electronics for creating conductive films, flexible displays, and printed electronics due to their high electrical conductivity and transparency. In the automotive sector, CNTs reinforce composites in body panels and chassis parts, enabling lighter, more fuel-efficient vehicles, aligning with global emissions reduction goals.
2. Advancements in energy storage applications like lithium-ion batteries and supercapacitors
CNTs improve charge transfer, energy density, and thermal management in lithium-ion batteries and supercapacitors. They enable longer battery life, faster charging, and higher power density, which are critical for electric vehicles and portable electronics, driving strong market growth.
3. use in aerospace for lightweight, strong composite materials
The aerospace industry leverages CNTs for ultra-lightweight composites that enhance strength and reduce aircraft weight. This improves fuel efficiency and performance, supporting stricter environmental regulations and cost-saving mandates.
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the carbon nanotubes market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 25 Companies Leading the Carbon Nanotubes Market
- Hanwha Advanced Materials
- Cnano Technology
- Raymor Industries
- Arkema
- Showa Denko K.K.
- MKnano
- Thomas Swan & Co. Ltd.
- Nanocyl S.A.
- NanoIntegris
- Applied Nanostructured Solutions
- Cheap Tubes Inc.
- BuckyUSA
- Carbon Solutions Inc.
- NanoTechLabs
- Raymor Graphite
- NanoXplore
- Plastic Innovation Ltd.
- CABOT Corporation
- Nanocomp Technologies
- Oxis Energy
- NanoAmor
- Carbon Nanotechnologies Inc.
- Materials Modification Inc.
- Alfa Chemistry
- Nanografi Nano Technology
1. Hanwha Advanced Materials – Seoul, South Korea
Hanwha Advanced Materials is a global leader in producing advanced materials, including carbon nanotubes, primarily serving the automotive and solar energy industries. Headquartered in Seoul, the company specializes in lightweight composites like StrongLite and SuperLite, which are known for their strength and reduced weight. Hanwha operates several manufacturing and R&D facilities worldwide, focusing on eco-friendly, high-performance materials that contribute to decarbonization and sustainability goals. Their carbon nanotube products are used to enhance the conductivity and strength of composites in various applications.
2. Cnano Technology – Jiangsu, China
Cnano Technology is a high-tech company based in Jiangsu, China, focused on the research, production, and commercialization of carbon nanotubes (CNTs) and graphene. The company develops multiple CNT products such as powders, conductive pastes, and masterbatches used in lithium batteries, conductive polymers, and antistatic coatings. Cnano holds numerous patents for CNT preparation and processing technologies, enabling scalable mass production. Their innovations help improve electrical conductivity and mechanical strength in composites, establishing them as a prominent name in the global carbon nanotubes market.
3. Raymor Industries – Boisbriand, Quebec, Canada
Raymor Industries, headquartered in Boisbriand, Quebec, specializes in high-purity carbon nanotubes and graphene materials primarily for electronic applications. Using patented plasma technology, Raymor produces single-wall carbon nanotubes (SWCNTs) that enhance conductive polymers and transparent conductive films. Their products are widely used for electrostatic charge dissipation, electromagnetic shielding, and touchscreens. Through subsidiaries like NanoIntegris, Raymor advances post-processing techniques such as metallic and semiconducting nanotube separation, strengthening their position as a quality supplier in the carbon nanotube market.
4. Arkema – Colombes, France
Arkema, headquartered in Colombes, France, is a global leader in specialty chemicals and materials, including bio-based carbon nanotubes. The company operates a carbon nanotube production facility using a unique process that synthesizes CNTs entirely from biological raw materials, supporting sustainability. Arkema focuses on advanced materials for energy storage, electronics, and coatings, driving innovation in the carbon nanotubes market. Their investments in green CNT technologies align with global environmental trends and industrial demands for high-performance nanomaterials.
5. Showa Denko K.K. – Tokyo, Japan
Showa Denko K.K., headquartered in Tokyo, Japan, is a chemical company with significant expertise in carbon nanomaterials production, including high-strength carbon fibers and carbon nanotubes. The company produces CNTs used in semiconductors, sensors, and energy applications. Showa Denko emphasizes R&D and sustainable growth, having expanded through acquisitions such as Hitachi Chemical. Their cutting-edge CNT solutions contribute to advanced electronics and lithium-ion battery markets, marking them as a leading figure in the carbon nanotube industry.
Are you ready to discover more about the carbon nanotubes market?
The report provides an in-depth analysis of the leading companies operating in the global carbon nanotubes market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Hanwha Advanced Materials
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Cnano Technology
- Raymor Industries
- Arkema
- Showa Denko K.K.
- MKnano
- Thomas Swan & Co. Ltd.
- Nanocyl S.A.
- NanoIntegris
- Others.
Conclusion
The Carbon Nanotubes Market Size is witnessing rapid expansion driven by increasing applications in electronics, energy storage, aerospace, and healthcare sectors. Advances in scalable, cost-effective production methods are enabling broader adoption. Growing environmental and performance demands fuel innovation in sustainable and high-performance CNT materials. Strategic collaborations and technological breakthroughs are accelerating market growth. Overall, carbon nanotubes are set to play a pivotal role in next-generation materials and devices, shaping the future of multiple industries.
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