Canada Carbon Nanotubes Market Size, Share, and COVID-19 Impact Analysis, By Type (Single-Walled Carbon Nanotubes (SWCNT) and Multi-Walled Carbon Nanotubes (MWCNT)), By End-Use Application (Automotive, Electronics & Semiconductors, Energy & Storage, Chemical Material & Polymers, Medical & Pharmacy, Structural Composites Applications, Others), and Canada Carbon Nanotubes Market Insights, Industry Trend, Forecasts to 2035

Canada Carbon Nanotubes Market Insights Forecasts to 2035

• The Canada Carbon Nanotubes Market Size Was Estimated at USD 312.29 Million in 2024
• The Market Size is Expected to Grow at a CAGR of Around 13.2% from 2025 to 2035
• The Canada Carbon Nanotubes Market Size is Expected to Reach USD 1233 Million by 2035

According to a research report published by Spherical Insights & Consulting, the canada carbon nanotubes market size is anticipated to reach USD 1233 million by 2035, growing at a CAGR of 13.2% from 2025 to 2035. Canada’s carbon nanotubes market is driven by growing demand from aerospace, electronics, energy storage, and automotive sectors, supported by strong research funding, advanced nanotechnology capabilities, rising adoption of lightweight materials, and increasing focus on high-performance, sustainable manufacturing solutions.

Market Overview

Canada’s carbon nanotubes market refers to the production and application of multi-walled and single-walled carbon nanotubes used to enhance the electrical, mechanical, and thermal properties of materials. Market growth is supported by rising demand from aerospace, automotive, electronics, and energy storage industries, where lightweight and high-strength materials are critical. Strong government support for advanced materials research, increasing R&D investments by universities and private players, and Canada’s focus on clean energy and sustainable technologies further accelerate market expansion. The growing use of carbon nanotubes in lithium-ion batteries, fuel cells, and conductive polymers is also contributing to steady market growth.

Technological advancement plays a key role in shaping the Canadian carbon nanotubes market. Continuous improvements in chemical vapor deposition (CVD) techniques are enabling higher purity, better structural control, and cost-efficient large-scale production. New technologies focus on functionalized carbon nanotubes, which improve dispersion in polymers and enhance compatibility with different matrices. Advancements in scalable synthesis methods and surface modification technologies are expanding applications in biomedical devices, sensors, and advanced composites. Additionally, research into eco-friendly and low-energy manufacturing processes is gaining momentum, aligning with Canada’s sustainability goals.

Several key trends are influencing the market. First, increasing adoption of carbon nanotubes in energy storage systems is notable, driven by demand for high-performance batteries and supercapacitors. Second, the growing use of lightweight composites for aerospace and automotive applications is reducing fuel consumption and emissions. Third, expanding applications in electronics, including flexible electronics and conductive films, are boosting demand. Finally, rising collaboration between research institutions and industry players is accelerating commercialization, product innovation, and the development of application-specific carbon nanotube solutions across Canada.

Report Coverage

This research report categorizes the market for the Canada 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 Canada 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 Canada carbon nanotubes market.

Driving Factors

Canada’s carbon nanotubes market is driven by rising demand for advanced, lightweight, and high-strength materials across aerospace, automotive, electronics, and energy storage industries. Strong government support for nanotechnology research, increasing R&D investments, and collaboration between universities and industry accelerate innovation and commercialization. Growth in electric vehicles, lithium-ion batteries, fuel cells, and renewable energy systems further boosts demand. Additionally, Canada’s focus on sustainable manufacturing and clean-energy technologies encourages wider adoption of carbon nanotubes in high-performance and next-generation applications.

Restraining Factors

The Canada carbon nanotubes market faces restraints from high production and processing costs, which limit large-scale adoption. Technical challenges related to uniform dispersion, standardization, and quality control also restrict use. Additionally, environmental, health, and safety concerns, along with unclear regulatory frameworks, slow commercialization and wider industrial acceptance.

Market Segmentation

The Canada carbon nanotubes market share is classified into type and end-use application.

• The multi-walled carbon nanotubes (MWCNT) segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. 

The Canada carbon nanotubes market is segmented by type into single-walled carbon nanotubes (SWCNT) and multi-walled carbon nanotubes (MWCNT). Among these, the multi-walled carbon nanotubes (MWCNT) segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. Multi-walled carbon nanotubes dominate the market due to their lower production cost, easier large-scale manufacturing, and better availability compared to single-walled carbon nanotubes. MWCNTs offer good mechanical strength, electrical conductivity, and thermal stability, making them suitable for a wide range of applications such as automotive composites, aerospace materials, energy storage, and electronics. Their simpler processing and fewer purity requirements also encourage wider industrial adoption across multiple end-use sectors in Canada.

• The chemical material & polymers segment accounted for the largest revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period. 

The Canada carbon nanotubes market is segmented by end-use application into automotive, electronics & semiconductors, energy & storage, chemical material & polymers, medical & pharmacy, structural composites applications, and others. Among these, the chemical material & polymers segment accounted for the largest revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period. The chemical materials and polymers segment dominates the market because carbon nanotubes are widely used as additives to enhance the strength, electrical conductivity, and thermal performance of polymers. These advanced polymers are extensively applied across automotive, electronics, construction, and industrial manufacturing in Canada. The ease of incorporating carbon nanotubes into polymer matrices, along with the growing demand for lightweight and durable materials, supports higher consumption volumes compared to other end-use applications.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Canada 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

• OCSiAl
• Nanocyl S.A.
• Cabot Corporation
• Toray Industries Inc.
• Carbon Solutions, Inc.
• Cheap Tubes Inc.
• CNano Technology Ltd.
• Raymor Industries Inc.
• Showa Denko K.K.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the Canada, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Canada carbon nanotubes market based on the below-mentioned segments:

Canada Carbon Nanotubes Market, By Type

• Single-Walled Carbon Nanotubes (SWCNT)
• Multi-Walled Carbon Nanotubes (MWCNT)

Canada Carbon Nanotubes Market, By End-Use Application

• Automotive
• Electronics & Semiconductors
• Energy & Storage
• Chemical Material & Polymers
• Medical & Pharmacy
• Structural Composites Applications
• Others