Carbon Nanotubes Market

Carbon Nanotubes Market



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The carbon nanotubes market is estimated to grow at a CAGR 15.78% rate during the forecast period. The demand has been increasing rapidly in applications such as field emission displays, integrated circuits, hydrogen storage, lithium batteries, solar PV cells, fuel cells, and drug delivery. Increasing commercialization; ramping up of installed capacities; and technological advancements to bring down prices, improve quality, and develop more advanced products are the trends in the market.

The multi-walled carbon nanotube segment is expected to grow at a higher CAGR during the forecast period. MWCNTs are used in applications such as electrical conductivity, conductive transparent electrodes, conductive heating films, conductive nano inks, nanodevices, displays, chemical sensors, super batteries, supercapacitors, energy storages, solar industries, and thermal interface material. They are highly conductive when properly integrated into a composite structure. Only the outer walls of MWNTs are conductive, not the inner ones.

The CVD segment is expected to grow at the highest CAGR during the forecast period. It is the largest and fastest-growing method segment globally. CVD of hydrocarbons over a metal catalyst is a classical method that has been used by various manufacturers to produce carbon nanotube. It is also the cheaper method, and it is expected that the price will further go down globally.

The electronics & semiconductor segment is expected to grow at the highest CAGR during the forecast period. They offer unique electrical properties for building electronic devices such as field effect transistors and diodes. These are also used to form a p–n junction diode by polymer coating and chemical doping. Furthermore, carbon nanotube-based diodes can potentially disperse heat out of the computer chips due to their unique thermal transmission properties.

The APAC market is expected to grow at the highest CAGR during the forecast period, which can be attributed to the rising demand from India, China, South Korea, Vietnam, Taiwan, and Singapore. The robust demand in the region is the major driving factor for the global market. China will lead the demand due to its increased industrial production. It is also among the largest consumers at the global level.

Key players include Arkema S.A. (France), Arry International Group LTD. (China), Carbon Solutions Inc. (US), Cheap Tubes Inc. (US), CNT Co., Ltd. (Korea), Ocsial Llc (US),  Hanwha Chemical Corp. (South Korea), Nano-C Inc. (US), Cnano Technology Ltd (US), Toray International Group Limited (Japan), Showa Denko K.K. (Japan), and Continental Carbon Company (US).

Critical questions the report answers:

  • What are the expected mid- to long-term impact of these developments on the industry??
  • What are the upcoming applications of carbon nanotubes?


Market Definition

Study Scope

Study Period


2. Research Methodology

Secondary Research

Primary Research

Research Design

Data Validation

Limitation and Assumptions

3. Executive Overview

4. Market Overview





5. Carbon Nanotubes Market, By Application

Chemical & Polymers


Advanced Materials

Electronics & Semiconductors

Batteries & Capacitors


Aerospace & Defense


6. Carbon Nanotubes Market, By Type

Single-Walled Carbon Nanotubes

Multi-Walled Carbon Nanotubes 

7. Carbon Nanotubes Market, By Method

Chemical Process

Chemical Vapor Deposition

High Pressure Carbon Monoxide Reaction

Physical Process

Miscellaneous Process

Catalytic Chemical Vapor Deposition 


8. Carbon Nanotubes Market, By Region

North America









     Rest of Europe

Asia Pacific



     South Korea



     Rest of APAC

Middle East


     Saudi Arabia

     Rest of Middle East

Rest of the World

     Latin America


9. Company Profiles

Arkema SA

Showa Denko K.K.

Arry International Group Limited

Carbon Solutions, Inc.

Nanocyl SA

Cheap Tubes, Inc.

Toray International Group Limited

Cnt Co., Ltd.

Cnano Technology Ltd.

Hanwha Chemical Corp.

Nanolab Inc.

10. Appendix



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