How big is the Nanotubes Market | Growth, Share & Forecast 2031

Code: MTA7628 Publication Date: Aug 2025

How big is the Nanotubes Market?

According to 6Wresearch internal database and industry insights, the Global Nanotubes Market was valued at USD 5.5 Billion in 2024 and is expected to reach USD 9.8 Billion by 2031, growing at a compound annual growth rate of 10.50% during the forecast period (2025-2031).

This strong growth is attributed to the increasing demand for high-strength, lightweight materials and advanced electronics and energy devices.

Key Growth Drivers of the Nanotubes Market

  • Superior electrical, thermal, and mechanical properties of carbon nanotubes (CNTs)
  • Rapid adoption in aerospace, automotive, and defense industries for structural applications
  • Increased usage in batteries, fuel cells, and supercapacitors for energy storage
  • Rising investment in nano-electronics and flexible devices
  • Supportive government initiatives for nanotechnology development

Nanotubes Market Trends

Carbon nanotubes (CNTs) are the most common in the market, since they have outstanding strength-to-weight ratio combined with conductivity. The functionality of CNTs so that they disperse better and perform better in polymers is on the rise. Single-walled and multi-walled nanotubes are also being used in the form of biosensors, drug delivery and material of 3D printing. Also, boron nitride nanotubes (BNNTs) are a promising alternative to thermal management of electronics.

Emerging Developments in the Nanotubes Market

Manufacturers are putting emphasis on cost-effective methods of scaling and synthesis like use of chemical vapor deposition (CVD). CNTs can be hybridized or combined with metals or ceramics in nanoprobe applications that have uses in aerospace and military applications. Nanotubes that are water-dispersible are making it easier to incorporate them in medical and cosmetic uses. Recyclable and bio-based nanotube composites are being researched by firms seeking to be more sustainable. AI and machine learning are being integrated into the enhancement of material design and manufacturing performance.

List of Leading Companies in the Nanotubes Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1.Nanocyl SA

Company NameNanocyl SA
Establishment Year2002
HeadquarterSambreville, Belgium
Official WebsiteClick here

A global leader in multi-walled carbon nanotubes for automotive, electronics, and energy applications.

2.Cheap Tubes Inc.

Company NameCheap Tubes Inc.
Establishment Year2005
HeadquarterVermont, United States
Official WebsiteClick here

Provides a wide variety of CNTs, nanowires, and dispersions for research and commercial use.

3.Arkema Group

Company NameArkema Group
Establishment Year2004
HeadquarterColombes, France
Official WebsiteClick here

Offers graphene and CNT-based nanomaterials through its Graphistrength® product line.

4.Carbon Solutions, Inc.

Company NameCarbon Solutions, Inc
Establishment Year1998
HeadquarterCalifornia, United States
Official WebsiteClick here

Specializes in functionalized CNTs for drug delivery and advanced composite applications.

5.Showa Denko K.K.

Company NameShowa Denko K.K.
Establishment Year1939
HeadquarterTokyo, Japan
Official WebsiteClick here

Produces high-quality CNTs and BNNTs for use in lithium-ion batteries and thermal interfaces.

6.LG Chem Ltd.

Company NameLG Chem Ltd.
Establishment Year1947
HeadquarterSeoul, South Korea
Official WebsiteClick here

Major producer of CNTs used in EV batteries and electronics.

7.Toray Industries, Inc.

Company NameToray Industries, Inc.
Establishment Year1926
HeadquarterTokyo, Japan
Official WebsiteClick here

Develops CNT composites for aerospace and high-end industrial applications.

8.Future Carbon GmbH

Company NameFuture Carbon GmbH
Establishment Year2005
HeadquarterBayreuth, Germany
Official WebsiteClick here

Focuses on carbon nanomaterials for coatings, energy systems, and sensors.

9.OCSiAl Group

Company NameOCSiAl Group
Establishment Year2010
HeadquarterLuxembourg
Official WebsiteClick here

The world's largest producer of single-wall CNTs through its TUBALLâ„¢ technology.

10.Nano Lab, Inc.

Company NameNano Lab, Inc.
Establishment Year2000
HeadquarterMassachusetts, United States
Official WebsiteClick here

Provides nanotube powders and composites for R&D and commercial sectors.

How big is the Nanotubes Market :FAQ's

It was valued at USD 5.5 Billion in 2024 and is projected to reach USD 9.8 Billion by 2031.
The market is expected to grow at a CAGR of 10.50% from 2025 to 2031.
Carbon nanotubes (CNTs) hold the largest market share.
Electronics, aerospace, automotive, healthcare, and energy storage.
Asia Pacific, driven by strong manufacturing and R&D in Japan, China, and South Korea.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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