The global carbon nanotubes market size reached US$ 5.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 22.3 Billion by 2032, exhibiting a growth rate (CAGR) of 16.1% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 5.7 Billion
Market Forecast in 2032
US$ 22.3 Billion
Market Growth Rate 2024-2032
16.1%
Carbon nanotubes (CNTs) are cylindrical molecules of carbon with sizes to the scale of nanometers. They consist of a hexagonal arrangement of hybridized carbon atoms produced by rolling a sheet of graphene. They are commonly available in single-walled and multi-walled variants. Carbon nanotubes are widely used in the manufacturing of sporting goods, device modeling and energy storage systems, thin-film electronics, actuators, water filters and thermal conductivity and electromagnetic shields. CNTs are small, lightweight and highly flexible and can penetrate cell membranes. They exhibit high thermal conductivity, tensile strength, durability, electrical conductivity and temperature resistance. As a result, they find extensive applications across various industries, such as healthcare, energy, electronics, automotive, textiles, aerospace and defense.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Carbon Nanotubes Market Trends:
Significant growth in the aerospace industry across the globe is one of the key factors creating a positive outlook for the market. CNTs are widely used in aircraft wings and fuselages for preventing aircraft icing, reducing satellite weight and protecting lighting systems. Additionally, the widespread adoption of multi-walled variants for cathode-ray lighting elements and wafer processing is favoring the market growth. Various product innovations, such as the development of high-purity CNTs that are environmentally friendly and are produced by chemical vapor deposition of camphor, are providing a thrust to the market growth. In line with this, the increasing product demand for the production of drug delivery and biosensing systems that are utilized for the treatment of diseases and monitoring health is positively impacting the market growth. Other factors, including the widespread product utilization in the electronics industry to manufacture semiconductor devices, along with the increasing demand for CNTs to manufacture premium-quality fashion apparel and bulletproof jackets, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global carbon nanotubes market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product, method and application.
Breakup by Product:
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Multi Walled Carbon Nanotubes (MWCNT)
Single Walled Carbon Nanotubes (SWCNT)
Breakup by Method:
Chemical Vapor Deposition (CVD)
Catalytic Chemical Vapor Deposition (CCVD)
High-Pressure Carbon Monoxide Reaction
Others
Breakup by Application:
Polymers
Electrical and Electronics
Energy
Others
Breakup by Region:
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North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Arkema S.A, Cabot Corporation, Carbon Solutions Inc., Cheap Tubes Inc., Jiangsu Cnano Technology Co. Ltd., Kumho Petrochemical Co. Ltd., LG Chem Ltd. (LG Corporation), Nanocyl SA, OCSiAl, Ossila Ltd., Raymor Industries Inc. and Showa Denko K.K.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Billion
Segment Coverage
Product, Method, Application, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
Arkema S.A, Cabot Corporation, Carbon Solutions Inc., Cheap Tubes Inc., Jiangsu Cnano Technology Co. Ltd., Kumho Petrochemical Co. Ltd., LG Chem Ltd. (LG Corporation), Nanocyl SA, OCSiAl, Ossila Ltd., Raymor Industries Inc. and Showa Denko K.K.
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global carbon nanotubes market was valued at US$ 5.7 Billion in 2023.
We expect the global carbon nanotubes market to exhibit a CAGR of 16.1% during 2024-2032.
The widespread utilization of carbon nanotubes in manufacturing sporting goods, thin-film electronics,
electromagnetic shields, water filters, etc., owing to their lightweight, highly flexible, and controlled
temperature resistance properties, is primarily driving the global carbon nanotubes market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in temporary closure of numerous end-use industries for
carbon nanotubes.
Based on the product, the global carbon nanotubes market can be segmented into Multi Walled Carbon
Nanotubes (MWCNT) and Single Walled Carbon Nanotubes (SWCNT). Currently, Multi Walled Carbon
Nanotubes (MWCNT) holds the majority of the total market share.
Based on the method, the global carbon nanotubes market has been divided into Chemical Vapor
Deposition (CVD), Catalytic Chemical Vapor Deposition (CCVD), high-pressure carbon monoxide reaction,
and others. Among these, Chemical Vapor Deposition (CVD) method currently exhibits a clear
dominance in the market.
Based on the application, the global carbon nanotubes market can be categorized into polymers,
electrical and electronics, energy, and others. Currently, polymers account for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global carbon nanotubes market include Arkema S.A, Cabot
Corporation, Carbon Solutions Inc., Cheap Tubes Inc., Jiangsu Cnano Technology Co. Ltd., Kumho
Petrochemical Co. Ltd., LG Chem Ltd. (LG Corporation), Nanocyl SA, OCSiAl, Ossila Ltd., Raymor
Industries Inc., and Showa Denko K.K.
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