Carbon Nanotube Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Single-Walled Carbon Nanotubes and Multi-Walled Carbon Nanotubes), By Methods (Chemical Vapor Deposition, Catalytic Chemical Vapor Deposition, High-Pressure Carbon Monoxide Reaction, and Others), By End Users (Electronics & Semiconductors, Energy & Storage, Chemical Material & Polymers, Medical, Structural Composites Applications, and Others) and Region Forecast 2019 - 2030

Carbon nanotube market size was expected to be valued at US$ 902 million in 2023, and is poised to grow at a significant CAGR of 14.8% from 2024-2030. Carbon nanotubes are one-dimensional carbon allotropes made by a graphene rolling sheet, a progressive material that can be plotted for numerous applications. It has exceptional properties which have attracted important research attention since its early discovery. Carbon nanotubes have high electrical conductivity, which makes them perfect for conductive polymer composites usage.

They are utilized as conductive fillers in EMI shielding, electronics packaging, and ESD materials. Carbon nanotubes have a lower addition of CNT and a high aspect ratio which is enough to get the required electrical conductivity. The exceptional properties of carbon nanotubes such as durability, high strength, thermal conductivity, lightweight properties, and electrical conductivity compared to other traditional materials can lead to the market growth. Moreover, increasing demand for lithium batteries, integrated circuits, drug delivery devices, fuel cells, field emission displays, solar PV cells, hydrogen storage, and the usage of carbon nanotubes as antennas for electromagnetic radios and devices are some primary factors that can boost the global market.

Apart from these increasing industrialization and technological advancements to enhance the overall quality of the product and form more innovative products can also accelerate the market in the future. However, some factors such as the negative impact on the environment and stringent rules and regulations can restrain the growth of the market. harmful effects of carbon nanotube on human health such as heart attacks, high blood pressure, and kidney damage can hinder the market growth. The increasing demand for developing applications, such as chemical sensors, fibers & composites, lithium batteries, hydrogen storage, and flat panel displays can create an opportunity for the global market growth.

Key Developments

• In September 2022, Polimeros Especiales was acquired by Arkema to enhance its product portfolio.
• In August 2020, ChemSpec has announced an agreement with Nanocyl SA to distribute and promote numerous multiwall carbon nanotube products