The Global Carbon Nanotube (CNT) Market was valued at USD 522 Million in 2024 and is projected to reach USD 7,260 Million by 2032, growing at an explosive Compound Annual Growth Rate (CAGR) of 46.8% during the forecast period (2025–2032). This unprecedented growth is being driven by surging demand from the electric vehicle battery sector, advancements in conductive polymer composites, and significant infrastructure investments in the Asia-Pacific region.

As industries worldwide push for lighter, stronger, and more conductive materials, the spotlight is on the key manufacturers who are scaling production and driving technological innovation. In this blog, we profile the Top 10 Companies in the Carbon Nanotube Industry—a mix of chemical giants, specialized nanomaterial producers, and vertically integrated corporations shaping the future of advanced materials.

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🔟 1. Cnano Technology

Headquarters: Jiangsu, China
Key Offering: Multi-Walled Carbon Nanotubes (MWCNTs), Conductive Additives for Li-ion Batteries

Cnano Technology is a dominant force in the global CNT market, commanding approximately 36% of the Chinese market share. The company specializes in high-volume production of carbon nanotubes, primarily for the lithium-ion battery industry, leveraging its proprietary vertically aligned CNT (VACNT) technology to deliver superior conductivity and performance.

Innovation & Market Position:

• Leading supplier to major electric vehicle battery manufacturers in China

• Proprietary catalytic chemical vapor deposition (CVD) process for high purity

• Significant production capacity expansion to meet EV market demand

Download FREE Sample Report: Carbon Nanotube CNT Market – View in Detailed Research Report

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9️⃣ 2. LG Chem

Headquarters: Seoul, South Korea
Key Offering: LUCENT CNT, Battery Materials, Conductive Composites

LG Chem has emerged as a global leader in CNT production through its strategic focus on next-generation energy storage solutions. The company’s vertically integrated operations allow it to supply CNTs directly to its own battery division and external customers, creating a significant competitive advantage in the rapidly growing EV market.

Innovation & Market Position:

• $50 million investment in CNT production capacity expansion in 2023

• Strategic partnerships with global automakers for battery material development

• Focus on single-walled CNT (SWCNT) development for high-performance applications

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8️⃣ 3. Nanocyl

Headquarters: Sambreville, Belgium
Key Offering: NC7000 Series MWCNTs, Thermoplastic Compounds, Epoxy Systems

Nanocyl is a European pioneer in carbon nanotube technology, with over two decades of experience in MWCNT production and application development. The company serves diverse industries including automotive, aerospace, and electronics with its high-purity nanotube formulations and ready-to-use masterbatches.

Innovation & Market Position:

• Specialization in masterbatch formulations for enhanced dispersion in polymers

• Strong focus on automotive lightweighting and EMI shielding applications

• Extensive patent portfolio covering CNT functionalization and composite applications

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7️⃣ 4. Arkema

Headquarters: Colombes, France
Key Offering: Graphistrength® MWCNT Masterbatches, High-Performance Polymers

Arkema leverages its expertise in specialty chemicals and advanced materials to produce Graphistrength® carbon nanotube masterbatches. These pre-dispersed formulations simplify the incorporation of CNTs into various polymer matrices, making the technology more accessible to manufacturers across multiple industries.

Innovation & Market Position:

• Graphistrength® masterbatches enable conductivity at low loadings (1-3%)

• Strategic focus on lightweight automotive components and sporting goods

• Integration with Arkema’s broader portfolio of high-performance materials

Download FREE Sample Report: Carbon Nanotube CNT Market – View in Detailed Research Report

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6️⃣ 5. OCSiAl

Headquarters: Luxembourg
Key Offering: TUBALL™ Single-Walled Carbon Nanotubes, Concentrates

OCSiAl is the world’s largest producer of single-walled carbon nanotubes, with its TUBALL™ products representing a breakthrough in SWCNT commercialization. The company’s proprietary synthesis technology enables industrial-scale production of high-quality single-walled nanotubes that offer superior performance at ultralow loadings.

Innovation & Market Position:

• Global production capacity of 50 tons per year of SWCNTs

• TUBALL MATRIX concentrates enable easy incorporation into various materials

• Focus on applications requiring extreme performance enhancements

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5️⃣ 6. Showa Denko

Headquarters: Tokyo, Japan
Key Offering: VGCF® Carbon Nanofibers, MWCNTs, Battery Materials

Showa Denko (now Resonac Holdings) has been a long-standing player in carbon nanomaterials, with its VGCF® (Vapor Grown Carbon Fiber) products serving various industrial applications. The company’s expertise in carbon materials spans decades, providing a strong foundation for its CNT development and commercialization efforts.

Innovation & Market Position:

• Extensive experience in carbon material synthesis and applications

• Strong presence in Asian battery and electronics markets

• Focus on both MWCNTs and carbon nanofibers for diverse applications

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4️⃣ 7. Kumho Petrochemical

Headquarters: Seoul, South Korea
Key Offering: K-NBT Carbon Nanotubes, Rubber & Plastics Additives

Kumho Petrochemical has leveraged its expertise in synthetic rubber and petrochemicals to develop competitive carbon nanotube products. The company’s K-NBT brand focuses on applications in tires, industrial rubber products, and conductive plastics, capitalizing on its strong position in downstream markets.

Innovation & Market Position:

• Integration with tire and rubber manufacturing operations

• Focus on cost-effective CNT production for volume applications

• Strategic expansion into battery material applications

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3️⃣ 8. SUSN Nano

Headquarters: Shanghai, China
Key Offering: MWCNTs, Conductive Pastes, Battery Additives

SUSN Nano has established itself as a significant player in the Chinese CNT market, with strong capabilities in multi-walled nanotube production. The company supplies conductive additives to the booming lithium-ion battery industry in China while also serving applications in plastics, coatings, and electronics.

Innovation & Market Position:

• Strong domestic market presence in China’s manufacturing ecosystem

• Competitive pricing strategy for volume applications

• Focus on functionalized CNTs for enhanced compatibility

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2️⃣ 9. HaoXin Technology

Headquarters: Chengdu, China
Key Offering: MWCNTs, CNT Dispersions, Conductive Inks

HaoXin Technology specializes in the development and production of carbon nanotubes and related nano-carbon materials. The company has built a reputation for quality and consistency in the Chinese market, serving applications ranging from energy storage to advanced composites and functional coatings.

Innovation & Market Position:

• Specialization in customized CNT formulations for specific applications

• Strong focus on R&D for new CNT applications and processing techniques

• Growing export business to international markets

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1️⃣ 10. Shandong Dazhan Nano Materials

Headquarters: Shandong, China
Key Offering: MWCNTs, Graphene, Nano-Material Solutions

Shandong Dazhan Nano Materials is a key Chinese producer of nano-carbon materials, including both carbon nanotubes and graphene. The company’s diverse product portfolio allows it to serve multiple segments of the advanced materials market, leveraging China’s strong manufacturing infrastructure and cost advantages.

Innovation & Market Position:

• Dual focus on CNTs and graphene for synergistic material solutions

• Strong presence in domestic Chinese industrial markets

• Competitive production scale and cost structure

Get Full Report Here: Carbon Nanotube CNT Market – View in Detailed Research Report

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🔬 Outlook: The Future of Carbon Nanotubes Is High-Performance and Scalable

The carbon nanotube market is undergoing a fundamental transformation. While current applications are dominated by battery conductive additives, the industry is rapidly expanding into new frontiers including advanced electronics, lightweight composites, and sustainable materials.

📈 Key Trends Shaping the Market:

• Rapid capacity expansion in Asia-Pacific, particularly China and South Korea

• Increasing adoption of SWCNTs for high-performance electronics and sensors

• Development of hybrid CNT-graphene materials for synergistic performance

• Growing focus on sustainable production methods and circular economy principles

Get Full Report Here: Carbon Nanotube CNT Market – View in Detailed Research Report

The companies listed above are not only supplying advanced materials—they’re enabling the next generation of technological innovation across multiple industries.