By 2030, the carbon nanotubes market is expected to be worth USD 17.34 Billion, growing at a CAGR of 20.59%. (2021 - 2030)

The growing use of nanotubes to facilitate technical advancements in a variety of disciplines, including engineering, electronics, and medical, to name a few, will expand the carbon nanotubes market share in the coming years. However, due to growing environmental, health, and safety concerns, market demand may experience a minor decline in the years to come.

According to the Carbon Nanotubes report, multi-walled carbon nanotubes are in high demand on the market, which may present a wonderful chance for the business going forward. These kinds of carbon nanotubes are widely employed in battery additives, anti-static plastic parts, etc. In addition, the growing use and demand for electronic and storage devices is expected to drive the carbon nanotubes market trends in the coming years.

The average market vehicle uses 55 pounds of copper to manufacture an electrical wire, which rises to three times for electric cars. By the end of 2028, the market will likely be driving toward global growth due to the decreasing amount of copper in vehicles, which is likely to reduce the overall weight of the market's vehicles significantly. The decreased fuel consumption and carbon emissions will follow this.

The current carbon nanotubes market trends are that as part of the current arrangement, Northern Graphite Corporation will be able to secure a 100% interest in the Mousseau West Graphite property while keeping a 2% net smelter royalty along with Kureha Corporation through its fully owned subsidiary Kureha America Inc., will serve as the primary investor in the fundraising round for Wootz, Inc. Wootz is a rapidly growing startup that creates sophisticated carbon nanotube products with outstanding performance.

Regional Analysis

According to the region, the carbon nanotubes market share depends upon the five regions: North America, Asia-Pacific, Europe, Latin America, the Middle East, and Africa. The Asia-Pacific region, which is the fastest-growing, currently holds the largest market share in the world market. This is due to the presence of nations like South Korea, Japan, China, and India, which are recognized as the main intersection of the automotive, electrical, and defense industries and thus fuel market demand in this region. In addition, growing urbanization and industrialization are other factors that boost market demand.

Due to the existence of nations like the US, Canada, and Mexico, whose massive automobile industries fuel market demand in this area, the North American region holds the second-largest market share in the global industry. Additionally, increased investment in various aerospace, automotive, and power generation projects boosts market demand. The presence of numerous significant important players also fuels the market demand in this region.

Europe now holds the third-largest market share in the global market due to the presence of a well-established, technologically advanced infrastructure that necessitates greater power generation, expanding this region's prospects for expansion. Additionally, rising investment and rising spending in the automotive industry fuel market growth.

Market Segmentation

Multi-walled carbon nanotubes and single-walled carbon nanotubes have each received their market segments on a global scale.

Based on the process, the market has been segmented globally into laser ablation, arc discharge, disproportionation, high-pressure carbon monoxide, chemical vapor deposition, and numerous other categories.

The market has been segmented into the sports industry, energy sector, automotive industry, electrical and electronics industry, aerospace and military industry, and other industries based on the end-use industries around the world.

Key Players

Carbon nanotubes market forecast shows the involvement of these companies::

• Chengdu Organic Chemicals Co. Ltd.


• Jiangsu Cnano Technology Co. Ltd.


• Showa Denko K.K.


• Cabot Corporation (US)


• LG Chemical Limited


• Nanocyl SA (Belgium)


• Arry International Group Limited


• Kumho Petrochemical (South Korea)


• Carbon Solutions Inc. (US)