Carbon Nanotubes (CNT) Market to Cross US$ 10.8 Billion by 2027 With Industry Growth Rate (CAGR) 17.20%

March 22 19:36 2023
Carbon Nanotubes (CNT) Market to Cross US$ 10.8 Billion by 2027 With Industry Growth Rate (CAGR) 17.20%
Carbon Nanotubes (CNT) Market Report 2022-2027
The global carbon nanotubes market reached a value of US$ 4.05 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 10.8 Billion by 2027 exhibiting a growth rate (CAGR) of 17.20% during 2022-2027.

IMARC Group latest research study “Carbon Nanotubes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, finds that the global carbon nanotubes market size reached a value of US$ 4.05 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 10.8 Billion by 2027 exhibiting a CAGR of 17.20% during 2022-2027.

Carbon nanotubes (CNTs) refer to small cylindrical-shaped allotropic carbon structures manufactured under chemical vapor deposition. They possess astounding electronic, mechanical, chemical, and optical properties and are stronger than steel. They are manufactured by rolling single or multiple layers of graphene sheets of one atom thickness into a tube-like structure. They are elastic, conductors of heat, expand on heating, and contain a high thermal capacity. They can be transformed into sophisticated biosensing and biocompatible drug-delivery systems for targeting and eliminating tumor cells. They are also used to reinforce various materials, such as plastics and metals, to make them stronger and more resistant to damage. They are employed to manufacture various energy storage devices that are smaller, lighter, and more efficient than traditional storage devices. They are incorporated into filtration systems to separate particles that are bigger than their diameter and used to trap smaller-sized ions from a solution. They are also utilized for storing hydrogen in cryogenic temperatures as they possess large surface areas and small mass concentrations. They are employed in the production of various sports equipment, such as tennis rackets, golf clubs, and snowboards, to increase their strength. Furthermore, as CNTs are lightweight and provide enhanced chemical stability, their demand is rising around the world.

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Carbon Nanotubes Market Trends and Drivers:

At present, the increasing demand for CNTs in manufacturing actuators and electromagnetic shields represents one of the primary factors influencing the market positively. Besides this, the rising investments in drug development activities to treat various forms of cancers, such as breast, lung, blood, brain, prostate, kidney, liver, and cervical, and other life-threatening complications, are propelling the growth of the market.

In addition, the growing utilization of CNTs in the aerospace industry to improve the performance of aircraft, manufacture lightweight plane parts, and reduce the expenditure of fuel in operating aircraft is offering a favorable market outlook. Apart from this, the increasing demand for CNTs for the production of circuit boards and semiconductors used in various electronic devices, such as televisions, computers, mobile phones, and tablets, is contributing to the growth of the market.

Additionally, the rising utilization of CNTs to build modern microprocessors and transistors is supporting the growth of the market. Moreover, governing agencies of various countries are encouraging the utilization of renewable energy sources, such as solar, wind, and hydel power, to minimize the over-expenditure of natural resources and lower the levels of pollution, which is bolstering the growth of the market.

Carbon Nanotubes Market Report Scope

Report Coverage


Market size value in 2021

US$ 4.05 Billion

Market forecast in 2027

US$ 10.8 Billion

Growth Rate

CAGR of 17.20% from 2022 to 2027

Base year for estimation


Historical data


Forecast period


Global Carbon Nanotubes Market 2022-2027 Analysis and Segmentation:

Competitive Landscape: 

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Carbon Nanotubes Companies:

Arkema S.A (EPA: AKE)

Cabot Corporation (NYSE: CBT)

Carbon Solutions Inc.

Cheap Tubes Inc.

Jiangsu Cnano Technology Co. Ltd.

Kumho Petrochemical Co. Ltd.

LG Chem Ltd. (LG Corporation)

Nanocyl SA


Ossila Ltd.

Raymor Industries Inc.

Showa Denko K.K.

The report has segmented the market on the basis of region, product, method and application.

Breakup by Product:

  •  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:

  • 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

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Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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