The Global Multi-Walled Carbon Nanotube Powder Market was valued at USD 1.2 Billion in 2025 and is projected to reach USD 2.85 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 9.7% during the forecast period (2026–2034). This growth is being driven by soaring demand for high-performance lithium-ion batteries in electric vehicles, the proliferation of advanced electronics requiring conductive plastics, and the accelerating adoption of lightweight composites in aerospace and automotive sectors.

As industries worldwide push the boundaries of material science, the spotlight is on the key nanomaterial producers who are driving innovation, quality, and application-specific solutions. In this blog, we profile the Top 10 Companies in the Multi-Walled Carbon Nanotube Powder Industry—a mix of established chemical giants, specialized nanotech pioneers, and regional leaders shaping the future of advanced materials.

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🔟 1. Jiangsu Cnano Technology

Headquarters: Wuxi, Jiangsu, China
Key Offering: High-Purity MWCNT Powder, Conductive Masterbatches

Jiangsu Cnano Technology is a globally recognized leader in the mass production of carbon nanotubes. The company specializes in MWCNT powder and has established one of the world’s largest production capacities, serving a diverse clientele in the battery, polymer composite, and electronics industries. Their vertically integrated operations ensure stringent quality control from raw material to finished product.

Innovation & Market Focus:

• Strategic focus on the electric vehicle battery market as a key conductive agent supplier

• Continuous R&D to enhance product purity and functionalization for specific applications

• Strong partnerships with major lithium-ion battery manufacturers globally

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Multi-Walled Carbon Nanotube Powder Market – View in Detailed Research Report

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9️⃣ 2. LG Chem

Headquarters: Seoul, South Korea
Key Offering: LUCNAM Carbon Nanotubes, Specialty Carbon Materials

LG Chem, a major global chemical company, has a dedicated advanced materials division that produces its LUCNAM brand of carbon nanotubes. Leveraging its vast experience in battery materials, LG Chem supplies high-quality MWCNTs primarily to the energy storage sector, where they are used to enhance the performance of cathodes and anodes.

Innovation & Market Focus:

• Integration of CNT production with its massive battery material supply chain

• Focus on developing CNT solutions for next-generation batteries, including solid-state

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8️⃣ 3. Nanocyl

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

Nanocyl, now part of the Arkema Group, is a pioneer in the carbon nanotube industry with over two decades of experience. The company is renowned for its high-quality NC7000™ series MWCNTs and has a strong presence in the European and North American markets, particularly in automotive composites and specialty plastics.

Innovation & Market Focus:

• Expertise in tailoring CNT surface chemistry for optimal dispersion in various polymer matrices

• Leadership in applying MWCNTs for electrostatic discharge (ESD) and electromagnetic interference (EMI) shielding

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7️⃣ 4. Arkema

Headquarters: Colombes, France
Key Offering: Graphistrength® Carbon Nanotubes, High-Performance Polymers

Following its acquisition of Nanocyl, Arkema has solidified its position as a key player in the carbon nanotube market. Arkema’s Graphistrength® CNTs are integrated into its broader portfolio of high-performance materials, offering synergistic solutions for lightweighting and electrification across various industries.

Innovation & Market Focus:

• Leveraging its global polymer expertise to create ready-to-use CNT masterbatches

• Focus on sustainable material solutions for the transportation and electronics sectors

Download FREE Sample Report:
Multi-Walled Carbon Nanotube Powder – View in Detailed Research Report

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6️⃣ 5. KUMHO PETROCHEMICAL

Headquarters: Seoul, South Korea
Key Offering: K-NANO MWCNTs, Carbon Black, Synthetic Rubber

KUMHO PETROCHEMICAL, a leading South Korean chemical company, has expanded its carbon materials business to include multi-walled carbon nanotubes. The company utilizes its expertise in carbon chemistry and large-scale manufacturing to produce MWCNTs that compete in both performance and cost for applications like conductive additives and composites.

Innovation & Market Focus:

• Cost-effective production leveraging existing petrochemical infrastructure

• Targeting high-volume applications where a balance of performance and price is critical

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5️⃣ 6. OCSiAl

Headquarters: Luxembourg City, Luxembourg
Key Offering: TUBALL™ Single-Wall and Multi-Wall CNTs, Concentrates

While OCSiAl is best known for its groundbreaking single-wall carbon nanotubes (SWCNTs), the company is also a significant player in the broader nanotube market, including multi-walled variants. OCSiAl’s proprietary synthesis technology allows for high-quality production, and its global distribution network serves a wide range of industrial applications.

Innovation & Market Focus:

• Pioneering the industrial-scale production of single-wall nanotubes

• Strong application development support for customers integrating nanotubes into their products

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4️⃣ 7. Showa Denko K.K. (Resonac Holdings)

Headquarters: Tokyo, Japan
Key Offering: VGCF® Carbon Nanofibers, Specialty Chemicals

As part of Resonac Holdings, Showa Denko is a major Japanese chemical company with a long history in carbon materials. Its VGCF® (Vapor Grown Carbon Fiber) products, which share similarities with MWCNTs, are used as conductive additives. The company’s strong technical expertise and focus on quality make it a key supplier, especially in the Asian market.

Innovation & Market Focus:

• Deep expertise in vapor-phase synthesis of nanocarbons

• Strong position in supplying the Japanese electronics and automotive industries

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3️⃣ 8. Hyperion Catalysis International

Headquarters: Cambridge, Massachusetts, USA
Key Offering: FIBRIL™ Nanotubes, Conductive Polymer Additives

A pioneer in the field since the 1980s, Hyperion Catalysis specializes in the production of multi-walled carbon nanotubes, which it markets as FIBRIL™ nanotubes. The company is renowned for its focus on creating ready-to-use conductive masterbatches, making it easier for plastic compounders to incorporate CNTs into their materials.

Innovation & Market Focus:

• Strong intellectual property portfolio in CNT synthesis and application

• Focus on the North American and European markets for conductive plastics

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2️⃣ 9. Thomas Swan & Co. Ltd.

Headquarters: Consett, United Kingdom
Key Offering: Elicarb® MWCNTs, Specialty Chemicals

Thomas Swan, a UK-based independent chemical manufacturer, has a dedicated Advanced Materials division that produces high-purity Elicarb® Multi-Walled Carbon Nanotubes. The company is known for its high-quality, consistent products and serves research institutions and industrial customers across various sectors.

Innovation & Market Focus:

• Commitment to high-purity, research-grade materials

• Strategic focus on developing applications in energy storage and composites

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1️⃣ 10. CNT Co., Ltd.

Headquarters: Pohang, South Korea
Key Offering: Multi-Walled CNT Powder, CNT Dispersions

CNT Co., Ltd. is a specialized South Korean manufacturer focused exclusively on the production of carbon nanotubes. The company has developed its own synthesis technology and has been scaling up production to meet growing demand, particularly from the domestic battery and display industries.

Innovation & Market Focus:

• Dedicated focus on cost-competitive CNT production for mass-market applications

• Strong relationships with key industrial players in South Korea’s tech sector

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

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🔬 Outlook: The Future of Multi-Walled Carbon Nanotubes Is High-Performance and Application-Specific

The multi-walled carbon nanotube powder market is undergoing a significant transformation. While standard conductive additives still represent a large volume, the industry is increasingly focused on developing specialized, high-purity grades and functionalized products tailored for next-generation applications.

📈 Key Trends Shaping the Market:

• Exponential demand growth from the lithium-ion battery sector, driven by electric vehicle adoption

• Increasing use of MWCNTs in conductive plastics for 5G electronics and EMI shielding

• R&D expansion into biomedical applications, sensors, and water filtration technologies

• Strategic consolidation and capacity expansion by leading manufacturers to secure supply chains

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

The companies listed above are not only supplying advanced nanomaterials—they’re enabling the technological innovations that define the modern industrial landscape.