Europe Carbon Nanotubes Market Size, Share, and COVID-19 Impact Analysis, By Product (Multi-Walled Carbon Nanotubes and Single-Walled Carbon Nanotubes), By Application (Plastics & Composites, Electrical & Electronics, Energy, and Others), and Europe Carbon Nanotubes Market Insights, Industry Trends, Forecast to 2035

Europe Carbon Nanotubes Market Insights Forecasts to 2035

• The Europe Carbon Nanotubes Market Size Was Estimated at USD 1.48 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of Around 12.9% from 2025 to 2035
• The Europe Carbon Nanotubes Market Size is Expected to Reach USD 5.62 Billion by 2035

According to a research report published by Spherical Insights & Consulting, The Europe Carbon Nanotubes Market Size is anticipated to reach USD 5.62 Billion by 2035, Growing at a CAGR of 12.9% from 2025 to 2035. The market is driven by the rising demand for energy systems, along with their increasing cost, has influenced government organizations and researchers to develop efficient energy systems to fulfill global energy targets.

Market Overview

Carbon nanotubes (CNTs) exist as cylindrical nanostructures that contain carbon atoms arranged in a hexagonal lattice structure that resembles graphene. The material demonstrates exceptional mechanical, electrical and thermal properties which make it one of the most promising materials for nanotechnology applications. The European market for flexible electronics and wearable devices, IoT sensors and printable circuits now relies on CNT-based conductive inks because these inks deliver exceptional electrical conductivity and flexible yet durable performance.

The Luxembourg company OCSiAl, which leads the world in graphene nanotube technologies, opened its first European production facility in Serbia in October 2024. The new facility will produce TUBALL nanotubes together with products that use nanotube technology.

Bayer Material Science and Merck KGaA both produce and supply carbon nanotubes. Multiple research institutes, including the Fraunhofer Institute for Interfacial Engineering and Biotechnology, are also actively involved in research and development with respect to carbon nanotubes in Germany. The United Kingdom stands as one of the largest European markets dedicated to premium consumer electronic products. The country has 18000 electronics companies operating throughout its territories. The UK market shows strong demand growth for both wearable electronic devices and wireless speakers.

Report Coverage

This research report categorises the European 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 Europe 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 Europe carbon nanotubes market.

Driving Factors

The carbon nanotubes market in Europe is driven by the rising demand, and higher expenses of energy costs have created an urgent need for government organizations and researchers to develop energy systems that can meet worldwide energy requirements. The primary driver of demand exists because customers need Lithium-ion batteries (LIBs) with both high energy density and rapid charging capabilities. Researchers now use carbon nanotubes (CNTs) as conductive additives that improve battery performance. The European Union advances its "green" technology and decarbonization objectives through the use of sustainable materials.

Restraining Factors

The carbon nanotubes market in Europe is restrained by European manufacturers facing challenges because they must pay higher energy costs and increased labor expenses, which make their carbon nanotubes costlier than carbon black and graphene. The European Commission have implemented strict guidelines due to potential health and environmental risks.

Market Segmentation

The Europe 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 Europe 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 growth of the segment is driven by the development of energy storage systems and electric vehicles (EVs), and advanced construction materials increasingly adopt MWCNT technology. The adoption of MWCNT technology in automotive and aerospace manufacturing is advancing through Germany, France and the U.K. because of EU carbon emission reduction targets. The European Union provides funding for nanomaterial innovation, which helps the market to expand.

• The plastics & composites segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.  

Based on application, the Europe carbon nanotubes market is segmented into plastics & composites, electrical & electronics, energy, and others. Among these, the plastics & composites 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 automotive, aerospace and construction industries' experience growing need for materials that maintain lightweight characteristics yet deliver strong performance capabilities. Thermoplastics and thermosets now contain CNTs, which enhance their mechanical strength, thermal stability and electrical conductivity while delivering superior performance compared to traditional fillers.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Europe 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
• Arkema SA
• Nanocyl SA
• Canatu
• UP Catalyst
• Thomas Swan & Co. Ltd.
• Nanothinx S.A.
• SGL Carbon
• Morgan Advanced Materials
• FutureCarbon GmbH
• Others

Key Target Audience

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

Recent Development

In March 2025, Canatu Plc received a positive funding decision from Business Finland, granting it a maximum of EUR 10 million of funding to launch its Carbon Age program as part of Business Finland’s challenge competition for leading companies.

Market Segment

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

Europe Carbon Nanotubes Market, By Product

• Multi-Walled Carbon Nanotubes
• Single-Walled Carbon Nanotubes

Europe Carbon Nanotubes Market, By Application

• Plastics & Composites
• Electrical & Electronics
• Energy
• Others