Delray Beach, FL, Aug. 18, 2025 (GLOBE NEWSWIRE) — In terms of value, the Carbon Nanotubes Market size is USD 2.63 billion by 2029 from USD 1.31 billion in 2024, at a CAGR of 14.9%, as per the recent study by MarketsandMarkets™. The demand for CNTs is increasing in the electronics, automotive and healthcare industries. The demand from developing nations, such as China, India, Brazil, and Argentina are expected to drive the global CNTs market. MWCNT type accounted for a largest share of the overall carbon nanotube (CNT) market, in terms of volume, in 2023. Concentric carbon tubes or cylinders make up MWCNT. Typically, carbon endcaps are used to close the ends of the tubes. The “double-wall tube,” “herringbone,” and “bamboo” structures are more MWCNT variations. Compared to SWCNTs, MWCNTs are simpler to make in large quantities. MWCNTs are employed in conductive transparent electrodes, conductive heating films, conductive nano inks, displays, chemical sensors, super batteries, supercapacitors energy storages, solar power cells, thermal interface material, and other applications because of their strong electrical conductivity.
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328 – Market Data Tables
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List of Key Players in Carbon Nanotubes Market:
- LG Chem (South Korea),
- Cabot Corporation (US),
- Resonac Corporation (Showa Denko K.K.) (Japan),
- Jiangsu Cnano Technology Co., Ltd. (China),
- Timesnano (Chengdu Organic Chemicals Co. Ltd.) (China),
- Nanocyl SA (Belgium),
- Arkema S.A. (France),
- Sumitomo Corporation (Japan),
- Cheap Tubes, Inc. (US).
Drivers, Opportunities and Challenges in Carbon Nanotubes Market:
- Drivers: Increased demand for electronics and semiconductors in Asia Pacific
- Restraint: Environmental concerns and health & safety issues.
- Opportunity: Growth in emerging applications.
- Challenge: Maintaining quality and reducing processing cost.
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