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Carbon Nanotubes Market Analysis

  • Report ID: GMI744
  • Published Date: Mar 2023
  • Report Format: PDF

Carbon Nanotubes Market Analysis

Based on material, the carbon nanotubes market from multi-wall carbon nanotubes is slated to expand at nearly 19.8% CAGR through 2032. The surging adoption of multi-wall carbon nanotubes (MWCNTs) can be attributed to their excellent properties, that include high mechanical strength, electrical conductivity, and thermal conductivity that are five times higher than that of copper. These nanotubes feature multiple layers of carbon/graphite superimposed and folded into a cylindrical and tubular structure. These structures play a key role in the manufacturing of multiple products right from batteries, supercapacitors, and plastic products to construction materials. Thus, the growing demand for electronics, such as semiconductors and batteries will enhance the need for MWCNTs, adding positive impetus to the market expansion.


Asia Pacific carbon nanotubes market is anticipated to surpass USD 2 billion by 2032 driven by the growing electronics and construction sectors in countries such as India, South Korea, Taiwan, Japan, and China. For instance, the Government of India aims to reach USD 300 million worth of electronics production by 2026, whereas China is working toward strengthening the electronics sector and boosting innovation. The growing intervention to establish favorable regulatory structures for supporting groundbreaking developments to eliminate current barriers will also influence the regional industry growth.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of carbon nanotubes crossed USD 800 million in 2022 and is expected to register 19.5% CAGR from 2023 to 2032.

The multi-wall nanotubes segment is anticipated to expand at over 19.8% growth rate up to 2032 driven by the incessant need for superior machinal properties.

Asia Pacific market is poised to surpass USD 2 billion by 2032 due to the growing electronics and construction sector.

LG Chem, TimesNano, Showa Denco, Cabot Corporation (SUSN), HXNANO, C-nano Technology, and Nanocyl Arkema are some of the key manufacturers of carbon nanotubes.

Carbon Nanotubes Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 13
  • Tables & Figures: 535
  • Countries covered: 19
  • Pages: 353
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