• In October 2024, OCSiAl inaugurated its first European graphene nanotube production plant in Serbia with a 60 t/year capacity, aiming to double production, solidifying its leadership in industrial-scale SWCNT supply.

• In January 2025, Rice University’s Carbon Hub hosted its fifth annual summit, bringing together leaders across academia, industry, and policy to drive forward CNT innovation, industrial decarbonization, and supply‑chain collaboration.

In this report, the Carbon Nanotubes (CNT) Market has been segmented by Method, Type, Technology, Application, and Geography.

Carbon Nanotubes (CNT) Market, Segmentation by Method

The Carbon Nanotubes (CNT) Market has been segmented by Method into Chemical Vapor Deposition, Catalytic Chemical Vapor Deposition (CCVD), High-Pressure Carbon Monoxide Reaction, and Others.

Chemical Vapor Deposition

Chemical vapor deposition (CVD) dominates the CNT market with over 40% share. It offers scalable production, high purity, and is widely used in electronics, energy storage, and composites.

Catalytic Chemical Vapor Deposition (CCVD)

CCVD holds around 35% of the market. It enables controlled growth, uniformity, and cost-effective large-scale synthesis, making it ideal for industrial and commercial CNT applications.

High-Pressure Carbon Monoxide Reaction

This method contributes approximately 15% to the market. Known for producing high-quality single-walled CNTs, it is used in research, electronics, and high-performance nanomaterials.

Others

Other methods account for less than 10%, including laser ablation and arc discharge. These are primarily used in laboratory research or for specialized CNT formulations.

Carbon Nanotubes (CNT) Market, Segmentation by Type

The Carbon Nanotubes (CNT) Market has been segmented by Type into Single-Walled Carbon Nanotubes (SWCNT) and Multi-Walled Carbon Nanotubes (MWCNT).

Single-Walled Carbon Nanotubes (SWCNT)

SWCNTs account for around 30% of the CNT market. Known for their exceptional electrical conductivity and mechanical strength, they are widely used in electronics, biosensors, and advanced materials research.

Multi-Walled Carbon Nanotubes (MWCNT)

MWCNTs dominate the market with over 70% share. They offer cost-effective production, structural durability, and are extensively applied in composites, energy storage, and automotive components.

Carbon Nanotubes (CNT) Market, Segmentation by Technology

The Carbon Nanotubes (CNT) Market has been segmented by Technology into Arc Discharge, Laser Ablation, CVD, Catalytic CVD, High-Pressure Carbon Monoxide, CoMoCAT, Floating Catalyst, and Others.

Arc Discharge

Arc discharge holds about 10% of the market. It produces high-quality CNTs with excellent crystallinity, mainly used in research and specialty electronics.

Laser Ablation

Laser ablation accounts for around 5%. Known for producing high-purity SWCNTs, it is used in niche applications like nano-electronics and scientific research.

CVD (Chemical Vapor Deposition)

CVD leads with over 25% market share. It is widely adopted due to its scalability, cost-efficiency, and application in electronics, composites, and energy devices.

Catalytic CVD

Catalytic CVD holds about 20% of the market. It enables controlled CNT growth and is suitable for industrial-scale production in automotive, construction, and textile composites.

High-Pressure Carbon Monoxide (HiPCO)

HiPCO technology represents nearly 10%. It is used for producing high-quality SWCNTs in high-performance applications like nano-sensors and flexible electronics.

CoMoCAT

CoMoCAT accounts for around 8%. It provides narrow-diameter CNTs with consistent quality and is used in optical devices, electronics, and pharmaceutical research.

Floating Catalyst

This method holds about 12% share. Known for continuous CNT synthesis, it's ideal for bulk production in battery electrodes and structural materials.

Others

Other technologies make up less than 10%, including plasma-enhanced methods and template synthesis, mostly applied in R&D and custom formulations.

Carbon Nanotubes (CNT) Market, Segmentation by Application

The Carbon Nanotubes (CNT) Market has been segmented by Application into Electronics & Semiconductors, Chemicals & Polymers, Batteries & Capacitors, Energy, Medical, Advanced Materials, Aerospace & Defense, and Others.

Electronics & Semiconductors

This segment leads the CNT market with over 25% share. CNTs are used for their electrical conductivity, miniaturization potential, and high-speed performance in transistors, sensors, and display technologies.

Chemicals & Polymers

Chemicals & polymers hold around 20% of the market. CNTs enhance mechanical strength, thermal stability, and conductivity in plastics, coatings, and industrial composites.

Batteries & Capacitors

This segment accounts for approximately 15%. CNTs are used to improve electrode conductivity, charge rate, and energy density in lithium-ion batteries, supercapacitors, and next-gen energy storage systems.

Energy

Energy applications represent about 10% of the market. CNTs are increasingly used in fuel cells, solar cells, and hydrogen storage, driven by the shift to clean energy technologies.

Medical

The medical segment holds nearly 8%. CNTs are used in drug delivery, biosensors, and cancer therapy due to their biocompatibility and functionalization capability.

Advanced Materials

This segment contributes around 10%, using CNTs for lightweight, high-strength composites in construction, consumer products, and 3D printing.

Aerospace & Defense

Aerospace & defense account for about 7%. CNTs are applied in lightweight structures, EMI shielding, and advanced composite reinforcements for military and space systems.

Others

Other applications, with less than 5%, include textiles, agriculture, and environmental remediation, where CNTs offer versatile enhancements.

Carbon Nanotubes (CNT) Market, Segmentation by Geography

In this report, the Carbon Nanotubes (CNT) Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Carbon Nanotubes (CNT) Market Share (%), by Geographical Region

North America

North America holds around 35% of the CNT market, led by United States and Canada. Strong demand is driven by the region’s advanced electronics, aerospace, and automotive industries, along with robust R&D activity.

Europe

Europe accounts for nearly 25%, with major contributions from Germany, France, and United Kingdom. The region focuses on nanotechnology innovation, automotive lightweighting, and energy efficiency solutions using CNTs.

Asia Pacific

Asia Pacific dominates with over 30% market share. China, Japan, and South Korea are leading adopters, driven by rapid industrial growth, large-scale electronics production, and government-funded nanotech programs.

Middle East and Africa

Middle East and Africa represent around 5% of the global market. Countries like United Arab Emirates, Saudi Arabia, and South Africa are seeing growth in infrastructure, energy, and research initiatives.

Latin America

Latin America contributes close to 5%, with growth led by Brazil and Mexico. Applications are expanding in automotive, medical devices, and battery materials sectors.

This report provides an in depth analysis of various factors that impact the dynamics of Carbon Nanotubes (CNT) Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers, Restraints and Opportunity Analysis

Drivers

• Next-gen materials enabling innovation
• Nanotech enhancing performance properties

• Materials with superior conductivity levels - The exceptional electrical conductivity of carbon nanotubes (CNTs) has made them highly sought-after in a variety of high-performance applications. Their unique cylindrical nanostructure enables them to conduct electricity more efficiently than many conventional materials, making them ideal for use in semiconductors, energy storage devices, conductive films, and next-generation electronics. This superior conductivity plays a critical role in enhancing device efficiency, reducing energy loss, and supporting miniaturization in modern technologies.

  Industries such as automotive, aerospace, consumer electronics, and telecommunications are increasingly adopting CNTs for their ability to enable high-speed signal transmission and improve the overall performance of electronic systems. As innovation continues to push the boundaries of product capabilities, the demand for materials with superior conductivity levels like CNTs is expected to rise significantly, serving as a key driver in the carbon nanotubes market.

Restraints

• Expensive synthesis and processing methods
• Difficulties scaling lab tech to industry

• Complex integration into end-use systems - The complex integration of carbon nanotubes (CNTs) into end-use systems remains a significant challenge for manufacturers and application developers. Due to their nanoscale structure and tendency to agglomerate, CNTs require specialized processing techniques to ensure even dispersion within composites or matrices. Improper distribution can compromise performance, reduce conductivity, and negatively affect the mechanical integrity of the final product, making consistent integration a technically demanding process.

  Furthermore, the lack of standardized protocols for CNT handling, functionalization, and system compatibility often increases development time and cost. Industries aiming to leverage CNT benefits must invest heavily in advanced equipment, skilled personnel, and customized formulation strategies. These barriers not only slow down the adoption of CNTs across various sectors but also hinder scalability, thereby acting as a restraint in the growth of the carbon nanotubes market.

Opportunities

• Expansion into new industrial uses
• Advanced materials in smart electronics

• Development of high-performance batteries - The ongoing focus on the development of high-performance batteries presents a major opportunity for the carbon nanotubes (CNT) market. CNTs offer exceptional electrical conductivity, mechanical strength, and thermal stability, making them ideal additives for improving the efficiency and lifespan of lithium-ion, solid-state, and next-generation batteries. Their ability to enhance electron mobility and support stable electrode structures leads to improved energy density and faster charging cycles.

  As industries such as electric vehicles, consumer electronics, and renewable energy storage continue to demand higher battery performance, the incorporation of CNTs into electrode materials is gaining momentum. Ongoing R&D efforts and strategic collaborations are accelerating the adoption of CNT-enabled battery technologies, offering market players a competitive edge in meeting emerging energy storage needs while promoting cleaner and more efficient power solutions.

Key players in Carbon Nanotubes (CNT) Market include;

• Nanocyl SA
• Arkema SA
• Cheap Tubes, Inc.
• Showa Denko K.K
• Toray International Group Limited
• Arry International Group Limited
• Hanwha Corporation
• Cnt Co., Ltd.
• Carbon Solutions, Inc.
• Cnano Technology Ltd.
• Ocsial

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Market Share Analysis
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis