The Global Carbon Nanotubes Components Market size was valued at around USD1.3 billion in 2024 and is expected to reach USD2.98 billion in 2030. Along with this, the market is estimated to grow at a CAGR of around 15% during the forecast period, i.e., 2025-30. According to MarkNtel Advisors Study.
Global Carbon Nanotubes Components Market Driver:
Rising Demand for Energy-Efficient Power Generation – The growing environmental concerns have led to the rising adoption of renewable sources of energy, including solar PV panels, fuel cells, etc. According to the International Energy Association, Solar PV is anticipated to become the largest renewable source of energy by 2029, owing to a boom in solar PV deployment pushed by Governments across the globe. By 2030, the agency estimates the global solar power capacity to snowball to 6,699 GW. As per the US Solar Energy Association, there was over 230 GW of solar capacity installed in the country, sufficient to power more than 40 million residential homes in 2024.
Therefore, driven by these developments in the solar industry, the demand for carbon nanotubes is set to surge during the forecast period.
The high thermal and electrical conductivity of carbon nanotubes has raised the interest of manufacturers of power cells to incorporate CNTs in the fabrication of these products. It has been witnessed that the energy density has also increased by using carbon nanotube elements in the power cells. For instance, as per NASA (2025), the lithium-ion batteries made from carbon nanotubes integrated into the power system on CubeSat’s Platform have increased the energy density to 300 Wh per kg. It has raised the demand for carbon nanotubes in the production of energy-efficient power cells and is expected to drive the growth of the market in the forecast period.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Carbon Nanotubes Components Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Type
- Single-Walled Carbon Nanotubes- Market Size & Forecast 2020-2030, USD Million
- Armchair SWCNTs- Market Size & Forecast 2020-2030, USD Million
- Zigzag SWCNTs- Market Size & Forecast 2020-2030, USD Million
- Chiral SWCNTs- Market Size & Forecast 2020-2030, USD Million
- Double-Walled Carbon Nanotubes- Market Size & Forecast 2020-2030, USD Million
- Multi-Walled Carbon Nanotubes- Market Size & Forecast 2020-2030, USD Million
- Single-Walled Carbon Nanotubes- Market Size & Forecast 2020-2030, USD Million
- By Diameter
- Below 2 nm- Market Size & Forecast 2020-2030, USD Million
- 2-5 nm- Market Size & Forecast 2020-2030, USD Million
- 5.1-100 nm- Market Size & Forecast 2020-2030, USD Million
- By Process
- Physical Process- Market Size & Forecast 2020-2030, USD Million
- Arc Discharge Method- Market Size & Forecast 2020-2030, USD Million
- Laser Ablation Method- Market Size & Forecast 2020-2030, USD Million
- Chemical Process- Market Size & Forecast 2020-2030, USD Million
- High Pressure Carbon Monoxide Reaction- Market Size & Forecast 2020-2030, USD Million
- Chemical Vapor Deposition- Market Size & Forecast 2020-2030, USD Million
- Cobalt-Molybdenum Catalysis- Market Size & Forecast 2020-2030, USD Million
- Electrochemical Process-Market Size & Forecast 2020-2030, USD Million
- Electrolysis- Market Size & Forecast 2020-2030, USD Million
- Physical Process- Market Size & Forecast 2020-2030, USD Million
- By Application
- Electronics- Market Size & Forecast 2020-2030, USD Million
- Semiconductors- Market Size & Forecast 2020-2030, USD Million
- Transistors- Market Size & Forecast 2020-2030, USD Million
- Integrated Circuits- Market Size & Forecast 2020-2030, USD Million
- Energy- Market Size & Forecast 2020-2030, USD Million
- Fuel Cells- Market Size & Forecast 2020-2030, USD Million
- Solar Photovoltaic Cells- Market Size & Forecast 2020-2030, USD Million
- Lithium-Ion Batteries- Market Size & Forecast 2020-2030, USD Million
- Healthcare-Market Size & Forecast 2020-2030, USD Million
- Cancer Therapeutics- Market Size & Forecast 2020-2030, USD Million
- Biosensors- Market Size & Forecast 2020-2030, USD Million
- Drug Delivery Systems- Market Size & Forecast 2020-2030, USD Million
- Others (Gene Therapy, Organ Transplantation, etc.)
- Automotive-Market Size & Forecast 2020-2030, USD Million
- Chemicals- Market Size & Forecast 2020-2030, USD Million
- Electronics- Market Size & Forecast 2020-2030, USD Million
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Carbon Solutions Inc., LG Chem., NEC Corporation, Reinste Nano Ventures, Cabot Corporation, Nano Lab Inc., Resonac Corporation, Nano–C, Thomas Swan & Co. Ltd., Jiangsu Cnano Technology Co. Ltd., Nanocyl SA, OCSiAl, Toray International Inc., Arkema SA, Timensnanao, and others are looking forward to strengthening their market positions.
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