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

North America Carbon Nanotubes Market Insights Forecasts to 2035

• The North America Carbon Nanotubes Market Size Was Estimated at USD 1.25 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of Around 13.51% from 2025 to 2035
• The North America Carbon Nanotubes Market Size is Expected to Reach USD 5.04 Billion by 2035

According to a research report published by Spherical Insights & Consulting, The North America Carbon Nanotubes Market Size is Anticipated to Reach USD 5.04 Billion by 2035, Growing at a CAGR of 13.51% from 2025 to 2035. The market is driven by rising demand for advanced materials with high performance, especially in electronics and energy storage devices such as lithium-ion batteries and supercapacitors.

Market Overview

The North America carbon nanotubes (CNTs) market is experiencing rapid growth, which results from high demand for lightweight materials and improved electrical conductivity used in electric vehicles (EVs), electronics and aerospace applications. Scientists create carbon nanotubes through the process of rolling up graphene single-layer carbon atom sheets into cylindrical nanostructures. CNTs are used more frequently in multiple industries because their exceptional properties include high tensile strength and lightweight characteristics, and outstanding electrical and thermal conductivity.

In January 2024 Carbice Corporation which helps customers create more sustainable products through its interface failure elimination methods, announced its partnership with Blue Canyon Technologies Inc., which will deliver aligned carbon nanotechnology CNT solutions for essential spacecraft programs.

Cabot Corporation has secured up to $50 million in US federal funding to build a battery materials production plant in Michigan which will start operations in 2024. SkyNano has received a $1.6 million award from the Department of Energy, which we will use to develop advanced carbon products. The U.S. Environmental Protection Agency (EPA) established new Significant New Use Rules (SNURs) for multi-walled carbon nanotubes to mandate sustainable production practices and safety compliance requirements.

Report Coverage

This research report categorizes the market for the North America 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 North America 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 North America carbon nanotubes market.

Driving Factors

The carbon nanotubes market in North America is driven by the electronics sector, as businesses look for cutting-edge materials to improve electrical gadgets' performance. The market for carbon nanotubes is expanding due to developments in energy storage technologies. Manufacturers choose sustainable materials in an effort to use ecologically friendly production methods. The current trend indicates that carbon nanotube production will undergo changes that focus on decreasing environmental harm while supporting circular economy practices.

Restraining Factors

The carbon nanotubes market in North America is hindered by the production of high-purity CNTs needs advanced technology and requires energy-consuming Chemical Vapor Deposition (CVD) methods resulting in higher costs compared to conventional materials such as carbon black and carbon fibers. The U.S. EPA and other agencies established strict regulations under TSCA, which mandate companies to submit detailed notifications while ensuring their safety standards meet the required regulations.

Market Segmentation

The North America 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 North America carbon nanotubes market is segmented by product into single-walled carbon nanotubes and multi-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 materials finding widespread use across multiple sectors, which include electronics, energy storage, and materials science. The materials provide manufacturers with advanced material solutions because they improve strength, conductivity and thermal resistivity.

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

Based on application, the North America carbon nanotubes market is segmented into electrical & electronics, polymers, energy and others. Among these, the energy 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 demand for advanced materials, which continues to grow because of their essential role in developing energy storage solutions, which include batteries and supercapacitors. The adoption of carbon nanotubes as battery materials leads to major improvements in both efficiency and battery lifespan. The sector experiences advantages from increased funding in renewable energy technologies, which utilize the exceptional conductive capabilities and lightweight characteristics of carbon nanotubes.

Competitive Analysis:

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

• CHASM Advanced Materials
• Cnano Technology
• Carbon Solutions
• Cabot Corp
• Arkema S.A.
• Raymor Industries, Inc.
• NanoLab, Inc.
• Carbice Corporation
• Zoltek Co.
• Nano-C
• 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, Nanotherm, an innovator in carbon-based thermal technologies, announced a preliminary agreement with R&D powerhouse Battelle aimed at accelerating the development and commercialization of next-generation heating solutions for the automotive, industrial and consumer sectors.

Market Segment

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

North America Carbon Nanotubes Market, By Product

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

North America Carbon Nanotubes Market, By Application

• Electrical & Electronics
• Polymers
• Energy
• Others