Carbon Nanotubes (CNT) Market Size, Share, Trends, Industry Analysis Report: By Type [Single-Walled CNT (SWCNT) and Multi-Walled CNT (MWCNT)], Application, Industry Vertical, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East

The global carbon nanotubes (CNT) market size is expected to reach USD 11,883.70 million by 2034, according to a new study by Polaris Market Research. The report “Carbon Nanotubes (CNT) Market Size, Share, Trends, Industry Analysis Report: By Type [Single-Walled CNT (SWCNT) and Multi-Walled CNT (MWCNT)], Application, Industry Vertical, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Carbon nanotubes are cylindrical nanostructures composed of carbon atoms arranged in a hexagonal grid. CNTs are classified into single-walled carbon nanotubes (SWCNTs) and multi-walled carbon nanotubes (MWCNTs), with each type having unique properties that suit various applications such as energy storage and others.

The high demand for lightweight, strong, and conductive materials in industries such as electronics, aerospace, energy, and healthcare is propelling the carbon nanotubes (CNT) market forward. Carbon nanotubes are approximately 100 times stronger than steel while being six times lighter. This property makes them highly attractive in the aerospace and automotive industries, where weight reduction is crucial for improving fuel efficiency and performance. In aerospace, CNTs are increasingly being used in the production of lightweight composite materials for aircraft and spacecraft. Similarly, in the automotive sector, they are incorporated into structural components and tires to enhance durability and reduce overall vehicle weight.

The thermal properties of carbon nanotubes also open numerous carbon nanotubes (CNT) market opportunities across various industries. CNTs are employed in heat management systems for electronic devices and industrial equipment with exceptional thermal conductivity. They help dissipate heat more efficiently, ensuring the optimal performance and longevity of these systems. Additionally, their thermal stability makes them suitable for applications in extreme temperature environments such as solar energy, further expanding their utility.

Carbon Nanotubes (CNT) Market Report Highlights

In terms of type, the multi-walled CNTs (MWCNTs) segment dominated the carbon nanotubes (CNT) market share in 2024 due to their cost-effectiveness and broader usage compared to single-walled CNTs.

In the global market, the Asia Pacific held the largest revenue share in the global market in 2024 due to advanced manufacturing infrastructure, extensive R&D investments, and a strong presence in the automotive and energy industries.

The North America carbon nanotubes (CNT) market is expected to grow at a rapid pace during the forecast period owing to the robust advancements in nanotechnology and increasing adoption of CNTs in aerospace and defense industries.

Some of the global key market players are Jiangsu Cnano Technology Co., Ltd; Arkema; CHASM; Cabot Corporation; Nanocyl SA; Continental Carbon Nanotechnologies, Inc.; Resonac Holdings Corporation; Hanwha Solutions Chemical Division Corporation; Arry International Group Limited; Carbon Solutions, Inc.; OCSiAl; and LG Chem.

Polaris Market Research has segmented the carbon nanotubes (CNT) market report on type, application, industry vertical, and region:

By Type Outlook (Revenue, USD Million, 2020–2034)

Single-Walled CNT (SWCNT)

Multi-Walled CNT (MWCNT)

By Application Outlook (Revenue, USD Million, 2020–2034)

Electronics & Semiconductors

Energy Storage

Structural Materials

Medical & Pharmaceuticals

By Industry Vertical Outlook (Revenue, USD Million, 2020–2034)

Automotive & Aerospace

Energy & Power

Healthcare & Biotechnology

By Regional Outlook (Revenue, USD Million, 2020–2034)

North America

• US
• Canada

• Germany
• France
• UK
• Italy
• Spain
• Netherlands
• Russia
• Rest of Europe

• China
• Japan
• India
• Malaysia
• South Korea
• Indonesia
• Australia
• Vietnam
• Rest of Asia Pacific

• Saudi Arabia
• UAE
• Israel
• South Africa
• Rest of Middle East & Africa

• Mexico
• Brazil
• Argentina
• Rest of Latin America