The global carbon nanotubes market was valued at approximately USD 3.71 billion in 2024 and is projected to reach USD 8.15 billion by 2030, growing at a compound annual growth rate (CAGR) of 14.1% from 2025 to 2030. Carbon nanotubes (CNTs) are renowned for their exceptional electrical conductivity, mechanical strength, and lightweight properties, making them ideal for enhancing electronic devices, batteries, and sensors.

In the automotive and aerospace sectors, CNTs contribute to improved fuel efficiency, structural integrity, and overall performance. As industries increasingly seek efficient, durable, and lightweight materials, the adoption of CNTs is expected to accelerate, driving market growth in these high-potential sectors.

Additionally, the rising demand for high-performance materials in construction, along with a growing interest in smart materials, is further bolstering market expansion. CNTs are characterized by their exceptional strength, conductivity, and flexibility, making them suitable for advanced construction applications, including durable and energy-efficient buildings. As the construction industry embraces sustainable, high-performance materials, the demand for CNTs is poised to increase. Furthermore, the adoption of smart materials that can respond to environmental stimuli is enhancing the market potential for CNTs, positioning them as a key component in future innovations.

Key Market Trends & Insights

• North America is set to become the fastest-growing region, with a CAGR of 12.8% from 2025 to 2030, driven by technological advancements and significant investments in research and development. The rising demand for CNTs in electronics, energy, and automotive sectors is propelling market expansion. The region's strong manufacturing base and focus on innovation make it an ideal hub for CNT applications.
  
  
• The U.S. carbon nanotubes market held a significant position in 2024, driven by advancements in technology and increasing demand across electronics, automotive, aerospace, and healthcare industries. The U.S. leads in research and development, fostering innovation in CNT applications such as lightweight materials, energy storage, and electronics.
  
  
• By product, the multi-walled carbon nanotubes (MWCNTs) segment captured the largest share at 93.6% in 2024, owing to their superior mechanical strength, electrical conductivity, and thermal properties. MWCNTs are extensively used in various applications, including electronics and energy storage, where their enhanced performance characteristics make them highly desirable. Their versatility in improving the properties of materials like polymers, metals, and ceramics has contributed to their dominance.
  
  
• By application, the polymers segment accounted for the largest share at 69.7% in 2024, driven by increased demand for high-performance materials in industries such as automotive, electronics, and aerospace. Carbon nanotubes significantly enhance the mechanical, thermal, and electrical properties of polymers, making them ideal for advanced applications.

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Market Size & Forecast

• 2024 Market Size: USD 3.71 Billion
• 2030 Projected Market Size: USD 8.15 Billion
• CAGR (2025-2030): 14.1%
• Asia Pacific: Largest market in 2024

Key Companies & Market Share Insights

Key players in the carbon nanotubes market include Resonac Holdings Corporation, Hanwha Solutions Chemical Division Corporation, Arry International Group Limited, Carbon Solutions, Inc., Jiangsu Cnano Technology Co., Ltd., Arkema, CHASM, Cabot Corporation, Nanocyl SA, Continental Carbon Nanotechnologies, Inc., and others.

• Arkema provides a variety of advanced materials, including high-performance thermoplastics, specialty chemicals, and carbon nanotubes, serving the aerospace, automotive, and electronics sectors.
  
  
• Hanwha Solutions Chemical Division Corporation specializes in producing chemicals, petrochemicals, and advanced materials, focusing on innovative solutions in the energy, construction, and electronics industries.

Key Players

• Resonac Holdings Corporation
• Hanwha Solutions Chemical Division Corporation
• Arry International Group Limited
• Carbon Solutions, Inc.
• Jiangsu Cnano Technology Co., Ltd
• Arkema
• CHASM
• Cabot Corporation
• Nanocyl SA
• Continental Carbon Nanotechnologies, Inc.

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Conclusion

The carbon nanotubes market is positioned for significant growth driven by the increasing demand for high-performance materials across various industries, including electronics, automotive, and construction. As technological advancements continue to enhance the properties and applications of CNTs, their adoption is expected to rise. The market's expansion will be supported by ongoing research and development efforts, positioning carbon nanotubes as a vital component in future innovations and applications.