United States Carbon Nanotubes Market Size, Share, and COVID-19 Impact Analysis, By Type (Single-Walled Carbon Nanotubes and Multi-Walled Carbon Nanotubes), By Application (Automotive, Electronics & Semiconductors, Energy & Storage, Chemical Material & Polymers, Medical & Pharmacy, and Others), and United States Carbon Nanotubes Market Insights, Industry Trend, Forecasts to 2035

United States Carbon Nanotubes Market Insights Forecasts to 2035

• The United States Carbon Nanotubes Market Size Was Estimated at USD 187.2 Million in 2024
• The Market Size is Expected to Grow at a CAGR of Around 6.61% from 2025 to 2035
• The United States Carbon Nanotubes Market Size is Expected to Reach USD 378.5 Million by 2035

According to a research report published by Spherical Insights & Consulting, the United States carbon nanotubes market size is anticipated to reach USD 378.5 Million by 2035, growing at a CAGR of 6.61% from 2025 to 2035. The carbon nanotubes market in United States is driven by increased use in batteries and composites, expanding demand from the electronics, aerospace, and automotive industries, technical improvements, and rising investments in nanotechnology research & development.

Market Overview

The United States carbon nanotubes market includes the creation and application of carbon-based cylindrical nanostructures, which possess superior strength, electrical conductivity, and thermal stability. Carbon nanotubes find extensive use in electronics, energy storage batteries, conductive plastics, aerospace and automotive composites, medical devices, sensors, coatings, and advanced construction materials, which enable industries to produce lightweight, high-performance, durable products.

Government programs, including the National Nanotechnology Initiative, which provides more than USD 29 billion for nanotechnology research, form the foundation of the U.S. carbon nanotubes market. The National Science Foundation and Department of Energy provide funding, which, together with SBIR and STTR grants, enables research in CNT technology for electronics and energy storage, aerospace applications, and advanced materials development to reach commercial products and support production within the United States.

Recent U.S. activity includes NanoIntegris launching a high-purity carbon nanotube product line for electronics (Jul 2025), Applied Materials investing USD 200 million in CNT interconnect R&D (Jun 2025), and Hyperion Catalysis expanding production capacity (May 2025) to serve automotive and energy storage markets. Future opportunities exist for the development of next-generation semiconductors, lightweight composites, battery systems, and advanced materials applications.

Report Coverage

This research report categorizes the market for the United States 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 United States 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 United States carbon nanotubes market.

Driving Factors

The carbon nanotubes market in United States is driven by the aerospace and automotive sectors, which require lightweight materials that possess high strength, and lithium-ion batteries and energy storage systems use carbon nanotubes, and electronics and semiconductors increasingly adopt this technology. The market experiences growth because three factors provide support, which include government funding for nanotechnology research, better CNT manufacturing methods, and new use cases for carbon nanotubes in composite materials, coating applications, and medical device development.

Restraining Factors

The carbon nanotubes market in United States is mostly constrained by the production costs and processing expenses, scalability limitations, health and environmental safety issues, and complex dispersion methods and regulatory examination, which combine to prevent price-sensitive industries from adopting the technology on a large scale.

Market Segmentation

The United States carbon nanotubes market share is classified into type and application.

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

The United States carbon nanotubes market is segmented by type into single-walled carbon nanotubes and multi-walled carbon nanotubes. Among these, the multi-walled carbon nanotubes segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is because of their widespread application in batteries, conductive polymers, automotive parts, and industrial composites, as well as their reduced production costs and simpler scalability. High-volume acceptance and ongoing expansion are supported by their robustness and cost-performance ratio.

• The energy & storage segment dominated the share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. 

The United States carbon nanotubes market is segmented by application into automotive, electronics & semiconductors, energy & storage, chemical material & polymers, medical & pharmacy, and others. Among these, the energy & storage segment dominated the share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The use of carbon nanotubes to improve conductivity, energy density, thermal stability, and battery lifespan in lithium-ion batteries, electric vehicles, and renewable energy systems is driving the market's quick expansion and high volume demand.

Competitive Analysis:

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

• Cabot Corporation
• Carbon Solutions, Inc.
• NanoLab, Inc.
• CNano Technology
• Hyperion Catalysis International, Inc.
• Cheap Tubes Inc.
• NanoIntegris Technologies, Inc.
• Nanoshel LLC
• SkyNano
• US Research Nanomaterials, Inc.
• Others

Key Target Audience

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

Recent Developments:

• In July 2025, NanoIntegris Technologies introduced a line of high-purity carbon nanotubes (CNTs) intended for semiconductor and advanced electronics applications, improving conductivity and flexibility for devices of the future.

Market Segment

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

United States Carbon Nanotubes Market, By Type

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

United States Carbon Nanotubes Market, By Application

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