Asia Pacific Carbon Nanotubes Market Size, Share, and COVID-19 Impact Analysis, By Product (Multi-Walled Carbon Nanotubes and Single-Walled Carbon Nanotubes), By Application (Electrical & Electronics, Polymers, Energy, and Others), and Asia Pacific Carbon Nanotubes Market Insights, Industry Trends, Forecast to 2035
Industry: Chemicals & MaterialsAsia Pacific Carbon Nanotubes Market Insights Forecasts to 2035
- The Asia Pacific Carbon Nanotubes Market Size Was Estimated at USD 1.53 Billion in 2024
- The Market Size is Expected to Grow at a CAGR of Around 17.06% from 2025 to 2035
- The Asia Pacific Carbon Nanotubes Market Size is Expected to Reach USD 8.65 Billion by 2035

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According to a research report published by Spherical Insights & Consulting, The Asia Pacific Carbon Nanotubes Market Size Is Anticipated To Reach USD 8.65 Billion By 2035, Growing At A CAGR Of 17.06% From 2025 To 2035. The market is driven by the growing demand for high-performance materials in various industries such as aerospace, automotive, electronics, and energy.
Market Overview
The Asia Pacific carbon nanotubes (CNT) market has reached a valuation of more than USD 1.53 billion and continues to expand because of electric vehicle battery and electronics and aerospace industry demands, which generate a compound annual growth rate above 17.06% until 2028. Carbon nanotubes serve as the perfect material for 3D printing polymer integration because they possess superior mechanical, electrical and thermal properties.
In August 2022, LG Chem is expanding its investment in carbon nanotubes (CNT) with the construction of the world’s largest single-line CNT manufacturing plant. The new plant, which LG Chem built, serves as a facility to create a competitive edge in the rapidly growing global CNT market which provides materials for electric vehicle batteries. Jiangsu Cnano Technology Co., Ltd. is engaged in the production, research, development, and sale of carbon nanotube materials.
The Indian government NNI, with funding of $2.16 million in 2024, aims to boost research in nanotechnology, including CNTs. The project establishes partnerships between educational institutions and business organizations to develop solutions for energy, medical and electronic industry needs. The research funding, which totals $50 million in 2024, supports projects that aim to enhance performance in the aerospace and automotive industries through the use of lightweight materials and high-strength materials.
Report Coverage
This research report categorises the Asia Pacific carbon nanotubes market based on various segments and regions, and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Asia Pacific carbon nanotubes market. Recent market developments and competitive strategies, such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Asia Pacific carbon nanotubes market.
Asia Pacific Carbon Nanotubes Market Report Coverage
| Report Coverage | Details |
|---|---|
| Base Year: | 2024 |
| Market Size in 2024: | USD 1.53 Billion |
| Forecast Period: | 2025-2035 |
| Forecast Period CAGR 2025-2035 : | 17.06% |
| 2035 Value Projection: | USD 8.65 Billion |
| Historical Data for: | 2020-2023 |
| No. of Pages: | 207 |
| Tables, Charts & Figures: | 115 |
| Segments covered: | By Product, By Application |
| Companies covered:: | Hanwha, Resonac Holdings Corp, Jiangsu Cnano Technology Co., Ltd., LG Chem Ltd., OCSiAl, Hanwha Solutions Chemical Division Corporation, Nopo Nanotechnologies India Private Limited, Toray Industries, Inc., Others |
| Pitfalls & Challenges: | Covid-19 Impact, Challenge, Future,Growth and Analysis |
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Driving Factors
The carbon nanotubes market in Asia Pacific is driven by the large need for lithium-ion batteries in China and South Korea functions as the main force driving the current market demand. The application of CNTs as conductive additives in battery cathodes leads to better energy density, faster charging capabilities and extended battery lifespan. The automotive and aerospace industries use CNT-reinforced polymers to produce materials that combine lightweight properties with high strength. The new system delivers enhanced fuel efficiency together with improved structural integrity for both vehicles and aircraft.
Restraining Factors
The carbon nanotubes market in the Asia Pacific is restrained by the process of producing high-quality Single-Walled Carbon Nanotubes (SWCNTs) through chemical synthesis remains difficult because it requires extensive energy resources. The automotive sector faces challenges in adopting Chemical Vapor Deposition (CVD) as a manufacturing method because the process requires specialized temperature control systems and costly catalyst materials.
Market Segmentation
The Asia Pacific carbon nanotubes market share is categorised into product and application.
- The multi-walled carbon nanotubes segment accounted for the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The Asia Pacific carbon nanotubes market is segmented by product into multi-walled carbon nanotubes and single-walled carbon nanotubes. Among these, the multi-walled carbon nanotubes segment accounted for the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segmental growth is driven by the production process of their products is more efficient because they can be produced at lower costs. The mechanical strength and electrical conductivity of CNTs make them suitable for use in structural reinforcement applications, electronic devices and protective coatings. The automotive composite industry and the aerospace sector will continue to increase their demand for these materials.
- The electrical & electronics segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on application, the Asia Pacific carbon nanotubes market is segmented into electrical & electronics, polymers, energy, and others. Among these, the electrical & electronics segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The segmental growth is driven by the high demand for CNTs in electronic devices, displays, and sensors. The exceptional conductive capabilities of CNTs enable their development into improved electronic components, which find use in consumer electronics and advanced computing systems. The increasing need for flexible and wearable electronic devices has propelled the growth of this particular market segment.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the Asia Pacific carbon nanotubes market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Hanwha
- Resonac Holdings Corp
- Jiangsu Cnano Technology Co., Ltd.
- LG Chem Ltd.
- OCSiAl
- Hanwha Solutions Chemical Division Corporation
- Nopo Nanotechnologies India Private Limited
- Toray Industries, Inc.
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
In May 2025, Zeon and Sino Applied Technology joined hands to expand the single-walled carbon nanotube conductive paste product line and promote the application of next-generation lithium batteries in electric vehicles.
Market Segment
This study forecasts revenue at the Asia Pacific, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Asia Pacific carbon nanotubes market based on the below-mentioned segments:
Asia Pacific Carbon Nanotubes Market, By Product
- Multi-Walled Carbon Nanotubes
- Single-Walled Carbon Nanotubes
Asia Pacific Carbon Nanotubes Market, By Application
- Electrical & Electronics
- Polymers
- Energy
- Others
Frequently Asked Questions (FAQ)
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Q: What is the Asia Pacific carbon nanotubes market size?A: Asia Pacific carbon nanotubes market size is expected to grow from 1.53 billion in 2024 to 8.65 billion by 2035, growing at a CAGR of 17.06% during the forecast period 2025-2035.
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Q: What are carbon nanotubes, and their primary use?A: The Asia Pacific carbon nanotubes (CNT) market has reached a valuation of more than USD 1.53 billion and continues to expand because of electric vehicle battery, electronics and aerospace industry demands, which generate a compound annual growth rate above 17.06% until 2028
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Q: What are the key growth drivers of the market?A: Market growth is driven by the large need for lithium-ion batteries in China and South Korea functions as the main force driving the current market demand. The application of CNTs as conductive additives in battery cathodes leads to better energy density.
-
Q: What factors restrain the Asia Pacific carbon nanotubes market?A: The market is restrained by the process of producing high-quality Single-Walled Carbon Nanotubes (SWCNTs) through chemical synthesis remains difficult because it requires extensive energy resources.
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Q: How is the market segmented by product?A: The market is segmented into multi-walled carbon nanotubes and single-walled carbon nanotubes.
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Q: Who are the key players in the Asia Pacific carbon nanotubes market?A: Key companies include Hanwha, Resonac Holdings Corp, Jiangsu Cnano Technology Co., Ltd., LG Chem Ltd., OCSiAl, Hanwha Solutions Chemical Division Corporation, Nopo Nanotechnologies India Private Limited, and Toray Industries, Inc.
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Q: What is the Asia Pacific carbon nanotubes market size?A: Asia Pacific carbon nanotubes market size is expected to grow from 1.53 billion in 2024 to 8.65 billion by 2035, growing at a CAGR of 17.06% during the forecast period 2025-2035.
-
Q: What are carbon nanotubes, and their primary use?A: The Asia Pacific carbon nanotubes (CNT) market has reached a valuation of more than USD 1.53 billion and continues to expand because of electric vehicle battery, electronics and aerospace industry demands, which generate a compound annual growth rate above 17.06% until 2028
-
Q: What are the key growth drivers of the market?A: Market growth is driven by the large need for lithium-ion batteries in China and South Korea functions as the main force driving the current market demand. The application of CNTs as conductive additives in battery cathodes leads to better energy density.
-
Q: What factors restrain the Asia Pacific carbon nanotubes market?A: The market is restrained by the process of producing high-quality Single-Walled Carbon Nanotubes (SWCNTs) through chemical synthesis remains difficult because it requires extensive energy resources.
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Q: How is the market segmented by product?A: The market is segmented into multi-walled carbon nanotubes and single-walled carbon nanotubes.
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Q: Who are the key players in the Asia Pacific carbon nanotubes market?A: Key companies include Hanwha, Resonac Holdings Corp, Jiangsu Cnano Technology Co., Ltd., LG Chem Ltd., OCSiAl, Hanwha Solutions Chemical Division Corporation, Nopo Nanotechnologies India Private Limited, and Toray Industries, Inc.
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