The Global Multi-Wall Carbon Nanotube Market was valued at USD 228.2 Million in 2023 and is projected to reach USD 354.4 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.6% during the forecast period (2024–2030). This growth is driven by the increasing demand for high-performance materials across electronics, automotive, and aerospace sectors, coupled with significant investments in research and development for next-generation applications.

As industries worldwide seek lighter, stronger, and more conductive materials, multi-wall carbon nanotubes (MWCNTs) are emerging as a critical enabling technology. In this blog, we profile the Top 10 Companies in the Multi-Wall Carbon Nanotube Industry—a group of innovators and producers shaping the future of advanced materials.

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🔟 1. Showa Denko K.K.

Headquarters: Tokyo, Japan
Key Offering: VGCF™ (Vapor Grown Carbon Fiber) and MWCNTs

Showa Denko K.K. is a global leader in carbon material production, renowned for its Vapor Grown Carbon Fiber, which includes high-quality multi-wall carbon nanotubes. The company’s materials are extensively used to enhance the mechanical and electrical properties of plastics, composites, and batteries.

Innovation & Development Focus:

• Scaling production capacity for battery conductive additives

• Developing high-purity MWCNTs for electronics applications

• Focus on sustainable production processes

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9️⃣ 2. Nanocyl S.A.

Headquarters: Sambreville, Belgium
Key Offering: NC7000™ series MWCNTs

Nanocyl is a pioneer and one of the largest specialized producers of carbon nanotubes. The company’s NC7000 series is widely recognized for its consistent quality and is used globally in applications ranging from electrostatic discharge (ESD) materials to advanced composites.

Innovation & Development Focus:

• Leading expertise in CNT functionalization and dispersion

• Strong focus on thermoset and thermoplastic composites

• Strategic partnerships with automotive and aerospace leaders

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8️⃣ 3. Arkema

Headquarters: Colombes, France
Key Offering: Graphistrength® MWCNTs

Arkema, a major global chemical company, produces Graphistrength®, a range of multi-wall carbon nanotubes designed to impart strength, rigidity, and electrical conductivity to polymers. The company integrates CNT production with its broader portfolio of high-performance materials.

Innovation & Development Focus:

• Application development for lightweight automotive parts

• Expansion into energy storage (batteries and capacitors)

• Commitment to eco-friendly material solutions

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7️⃣ 4. Hanwha Corporation

Headquarters: Seoul, South Korea
Key Offering: Multi-wall carbon nanotubes for various applications

Hanwha Corporation, through its chemical divisions, is a significant player in the Asian MWCNT market. The company leverages its large-scale chemical manufacturing capabilities to produce carbon nanotubes aimed at the electronics and composite materials sectors.

Innovation & Development Focus:

• Focus on cost-effective mass production

• Development of CNT-based solutions for the Korean and global markets

• Investment in renewable energy applications

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6️⃣ 5. Raymor Industries Inc. / NanoIntegris

Headquarters: Boisbriand, Quebec, Canada
Key Offering: High-purity MWCNTs and single-wall CNTs

Raymor Industries, operating under its NanoIntegris brand, is known for producing high-purity carbon nanotubes, including metallic and semiconducting single-wall and multi-wall varieties. The company serves high-end R&D and specialized industrial applications.

Innovation & Development Focus:

• Specialization in high-purity and sorted CNTs for electronics

• Focus on next-generation sensors and transistor applications

• Collaborations with academic and research institutions

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5️⃣ 6. Thomas Swan & Co. Ltd.

Headquarters: Consett, United Kingdom
Key Offering: Elicarb® Multi-Wall Carbon Nanotubes

Thomas Swan is a respected UK-based chemical company with advanced capabilities in nanocarbon production. Its Elicarb® MWCNT products are known for their quality and are used in composites, coatings, and conductive inks.

Innovation & Development Focus:

• Continuous production process for consistent quality

• Development of aqueous dispersions for easier handling

• Targeting applications in printable electronics and coatings

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4️⃣ 7. Kumho Petrochemical

Headquarters: Seoul, South Korea
Key Offering: Multi-wall carbon nanotubes

Kumho Petrochemical, a leading South Korean chemical company, has entered the MWCNT market by leveraging its expertise in petrochemical processes. The company is focusing on expanding its nanotube production to supply the growing Asian market for advanced materials.

Innovation & Development Focus:

• Scaling up production from pilot to commercial scale

• Primary focus on applications in rubber reinforcement and batteries

• Integration with existing synthetic rubber and resin businesses

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3️⃣ 8. Chengdu Organic Chemicals Co. Ltd. (Timesnano)

Headquarters: Chengdu, China
Key Offering: TNS Series MWCNTs

Timesnano, a subsidiary of the Chinese Academy of Sciences, is a major Chinese producer of carbon nanotubes. The company offers a wide range of MWCNT products and is a key supplier for the domestic Chinese market, which is the largest consumer of CNTs globally.

Innovation & Development Focus:

• Large-volume production for the Chinese industrial sector

• Development of customized CNT solutions for specific clients

• Strong R&D backing from the Chinese Academy of Sciences

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2️⃣ 9. Kajet Chemical Technology

Headquarters: Jiangsu, China
Key Offering: Multi-wall carbon nanotubes and graphene

Kajet Chemical Technology is a growing Chinese manufacturer specializing in nanomaterials, including multi-wall carbon nanotubes and graphene. The company supplies a broad industrial base, with a focus on cost-competitive performance materials.

Innovation & Development Focus:

• Expansion of production capacity to meet domestic demand

• Focus on the lithium-ion battery and conductive plastic markets

• Competitive pricing strategy for high-volume applications

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1️⃣ 10. Klean Industries Inc.

Headquarters: Vancouver, Canada
Key Offering: CNTs produced from waste carbon sources

Klean Industries employs a unique approach by focusing on the production of carbon nanomaterials, including MWCNTs, from recycled carbonaceous feedstocks. This positions the company at the intersection of advanced materials and circular economy initiatives.

Innovation & Development Focus:

• Pioneering sustainable production of CNTs from waste materials

• Developing technologies for low-cost, environmentally friendly synthesis

• Focus on carbon capture and utilization (CCU) applications

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Multi-Wall Carbon Nanotube Market – View in Detailed Research Report

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🌍 Outlook: The Future of Multi-Wall Carbon Nanotubes is Smarter and More Integrated

The Multi-Wall Carbon Nanotube market is experiencing a transformative phase. While traditional applications like conductive plastics remain vital, the industry is rapidly advancing toward high-value, high-volume applications in energy storage, electronics, and advanced composites.

📈 Key Trends Shaping the Market:

• Exponential growth in demand from the lithium-ion battery sector for conductive additives

• Increased integration of MWCNTs in lightweight automotive and aerospace composites

• Advancements in functionalization and dispersion technologies enhancing performance

• Growing focus on sustainable and cost-effective production methods

Get Full Report Here:
Multi-Wall Carbon Nanotube Market – View in Detailed Research Report

The companies profiled above are not just supplying a material; they are enabling a new era of material science innovation, pushing the boundaries of what is possible in modern manufacturing and technology.

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