Single Walled Carbon Nanotubes Market Global Size, Share & Demand 2032

According to Fortune Business Insights, The global single walled carbon nanotubes market size was valued at USD 1.37 billion in 2024. The market is projected to grow from USD 1.55 billion in 2025 to USD 3.63 billion by 2032, exhibiting a CAGR of 13.0% during the forecast period. Asia Pacific dominated the single walled carbon nanotubes market with a market share of 43.06% in 2024.

The Single Walled Carbon Nanotubes (SWCNTs) market is gaining significant momentum due to their exceptional physical, electrical, and mechanical properties. These one-atom-thick cylindrical structures, composed entirely of carbon, are widely regarded as revolutionary nanomaterials. Their applications span across electronics, energy storage, healthcare, aerospace, automotive, and materials science, making them a critical driver of next-generation technologies. Rising demand for lightweight, conductive, and high-strength materials is expected to fuel substantial growth in the global SWCNTs market.

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Market Overview

The global Single Walled Carbon Nanotubes market is witnessing rapid adoption in industries that require superior electrical conductivity, high tensile strength, and thermal stability. Increasing utilization in lithium-ion batteries, fuel cells, transistors, transparent conductive films, and drug delivery systems has created new growth opportunities. Furthermore, advancements in large-scale and cost-effective synthesis methods are enhancing the commercial viability of SWCNTs.

Key market drivers include:

• Growing adoption in electronics and semiconductors.

• Rising demand for energy storage solutions in electric vehicles (EVs).

• Increasing use in biomedical applications such as targeted drug delivery.

• Expanding opportunities in composites and structural reinforcement.

Competitive Landscape

The Single Walled Carbon Nanotubes market is highly competitive, with players focusing on strategic collaborations, new product developments, and large-scale production techniques. Key companies are investing heavily in nanotechnology research to strengthen their market presence.

LIST OF KEY SINGLE WALLED CARBON NANOTUBE COMPANIES PROFILED:

• Carbon Solutions, Inc. (U.S.)

• Klean Commodities (Canada)

• OCSiAl (Luxembourg)

• NoPo Nanotechnologies (India)

• CHASM Advanced Materials, Inc. (U.S.)

• Continental Carbon Nanotechnologies, Inc. (U.S.)

• Raymor (Canada)

• Thomas Swan & Co. Ltd. (U.K.)

• ZEON CORPORATION (Japan)

• Aritech Chemazone Pvt. Ltd. (India)

Key Market Trends

1. Electrification of Vehicles – EV manufacturers are increasingly integrating SWCNTs in battery technologies to improve charge capacity and cycle life.

2. Flexible and Wearable Electronics – SWCNT-based conductive films are replacing traditional materials in touchscreens, sensors, and displays.

3. Healthcare Innovations – Applications in biosensors, imaging, and therapeutic delivery are boosting medical adoption.

4. Nanocomposites Growth – SWCNT-reinforced composites are widely used in aerospace and defense for their lightweight strength and durability.

5. Sustainable Manufacturing – Research into eco-friendly and scalable production techniques is reducing cost barriers.

Market Segmentation

By Application

• Electronics & Semiconductors (transistors, conductive films, ICs)

• Energy Storage & Conversion (batteries, supercapacitors, fuel cells)

• Healthcare & Biotechnology (drug delivery, biosensors)

• Composites & Polymers (aerospace, automotive, defense)

• Others (catalysis, water purification, coatings)

By End-User Industry

• Automotive

• Aerospace & Defense

• Healthcare

• Electronics

• Energy & Utilities

By Region

• North America – Advanced R&D and strong electronics sector.

• Europe – Growing aerospace and automotive applications.

• Asia-Pacific – Major manufacturing hub with rising EV adoption.

• Middle East & Africa – Emerging opportunities in energy and defense.

• Latin America – Increasing industrial applications.

Future Outlook

The future of the SWCNTs market looks highly promising, driven by:

• Expansion of 5G and flexible electronics.

• Rising demand for EV batteries and renewable energy storage.

• Increased funding in nanotechnology research and commercialization.

• Growing healthcare applications in precision medicine.

By 2032, the Single Walled Carbon Nanotubes market is projected to grow at a strong CAGR, fueled by disruptive applications in energy storage, electronics, and biomedical sectors.

Infomation Source: https://www.fortunebusinessinsights.com/single-walled-carbon-nanotubes-market-113578 

The Single Walled Carbon Nanotubes market is at the forefront of technological innovation, unlocking vast potential across multiple industries. As production costs continue to decline and adoption widens, SWCNTs are expected to play a crucial role in shaping the future of energy, electronics, healthcare, and advanced materials. Companies investing in scalable production and application-driven research are well-positioned to capture the upcoming market opportunities.

KEY INDUSTRY DEVELOPMENTS

• May 2025: ZEON CORPORATION and Sino Applied Technology (SiAT) signed a strategic partnership to spearhead funding of USD 20 million to support the expansion of production capacity for single walled carbon nanotube conductive paste, a critical nanomaterial for next-generation battery technologies.

• October 2024: OCSiAl opened its first European graphene nanotube facility. The facility has a nameplate annual capacity for graphene nanotube synthesis of 60 tons, as well as lines dedicated to various nanotube dispersions, R&D, and quality control laboratories.