Carbon Nanotubes Market Size

Carbon Nanotubes Market size was over USD 1.14 billion in 2024 and is anticipated to exceed USD 12.63 billion by the end of 2037, witnessing over 20.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of carbon nanotubes is evaluated at USD 1.32 billion.

Carbon nanotubes (CNTs) can be used to produce geometrical, irregular, or intricate shapes and designs at a low cost, hence they are implemented in the automotive industry to create long-lasting anti-corrosive bodies.

Moreover, the rising demand for lithium-ion batteries is augmenting the carbon nanotubes market growth. Carbon nanotubes are great anode material for Li-ion batteries since they have unique electrical and mechanical properties. Further, the open & chiral structure of CNT improves the electrical conductivity in these batteries.