PUBLISHER: Grand View Research | PRODUCT CODE: 1654619
PUBLISHER: Grand View Research | PRODUCT CODE: 1654619
The global carbon nanotubes market size is estimated to reach USD 8.15 billion by 2030, registering a CAGR of 14.1% from 2025 to 2030, according to a new report by Grand View Research, Inc. Increasing the application scope of carbon nanotubes (CNT) in end-use industries including polymers, electronics, energy, marine, aerospace, and automotive is anticipated to drive market growth over the forecast period. The government of China, Japan, the U.S., and India have increased funding aimed at promoting nanotechnology at the domestic level which is expected to open new avenues for the market over the next seven years.
Polymers were the largest application segment, accounting for over 69.7% of the global market volume in 2024. CNT are increasingly being fortified in polymers such as composites and plastic derivatives for improving the electrical, thermal, and mechanical strength of the end product. The growing application of polymers in the construction, automotive, and consumer goods industry is anticipated to have a positive impact on CNT market over the forecast period.