Multi-walled Carbon Nanotube Market

The Global was valued at USD 245.8 Million in 2024 and is projected to reach USD 412.7 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period (2025–2032). This growth is being driven by increasing demand from the electric vehicle battery sector, expanding applications in high-performance composites, and the continuous advancement in production technologies that enhance material properties and reduce costs.

As industries worldwide push for lighter, stronger, and more efficient materials, the spotlight is on the leading nanotube manufacturers who are driving innovation and scaling production. In this blog, we profile the Top 10 Companies in the Multi-walled Carbon Nanotube Industry—a mix of specialized nanomaterial producers and diversified chemical giants shaping the future of advanced materials.

---

🔟 1. OCSiAl

Headquarters: Luxembourg
Key Offering: TUBALL™ Single-Wall and Multi-wall Carbon Nanotubes

OCSiAl is a global leader in the synthesis and supply of carbon nanotubes, renowned for its TUBALL™ product line which includes high-quality multi-walled varieties. The company serves a broad spectrum of industries by providing nanotubes that significantly enhance the electrical and mechanical properties of materials, particularly in lithium-ion batteries and conductive polymers.

Innovation Initiatives:

• Pioneering large-scale synthesis of single-wall and multi-wall CNTs

• Strategic partnerships with major automotive and battery manufacturers

• Committed to driving down costs and increasing accessibility of nanotube technology

Download FREE Sample Report: – View in Detailed Research Report

---

9️⃣ 2. Arkema

Headquarters: Colombes, France
Key Offering: Graphistrength® Multi-walled Carbon Nanotubes

Arkema, a major global chemical company, offers Graphistrength®, a range of multi-walled carbon nanotube masterbatches and powders. These products are specifically engineered to improve the mechanical strength, electrical conductivity, and thermal stability of polymers, making them ideal for applications in automotive, aerospace, and electronics.

Innovation Initiatives:

• Development of easy-to-disperse masterbatch formulations

• Focus on sustainable material solutions and circular economy principles

---

8️⃣ 3. Nanocyl

Headquarters: Sambreville, Belgium
Key Offering: NC7000™ Series Multi-walled Carbon Nanotubes

Nanocyl is a pioneer and leading producer of multi-walled carbon nanotubes, with its flagship NC7000™ series recognized for high purity and consistent quality. The company provides tailored solutions for demanding applications in electrostatic discharge (ESD), electromagnetic interference (EMI) shielding, and advanced composite materials.

Innovation Initiatives:

• Ongoing R&D to develop application-specific nanotube grades

• Expansion of production capacity to meet growing global demand

---

7️⃣ 4. Cnano Technology

Headquarters: Jiangsu, China
Key Offering: Multi-walled Carbon Nanotube Powders and Dispersions

Cnano Technology is one of the world’s largest manufacturers of carbon nanotubes, with substantial production capacity focused on multi-walled variants. The company is a key supplier to the lithium-ion battery industry, where its nanotubes are used as conductive additives to enhance battery performance and longevity.

Innovation Initiatives:

• Mass production capabilities ensuring cost-effective supply

• Strong focus on the Asian battery and electronics markets

---

6️⃣ 5. Hyperion Catalysis International

Headquarters: Cambridge, Massachusetts, USA
Key Offering: FIBRIL™ Multi-walled Carbon Nanotubes

Hyperion Catalysis has been a leader in carbon nanotube technology for decades, specializing in its FIBRIL™ multi-walled nanotubes. The company’s products are known for their unique tangled, fibrous morphology, which promotes excellent dispersion in polymer matrices for applications requiring enhanced electrical conductivity.

Innovation Initiatives:

• Long-standing expertise in nanotube-polymer composites

• Targeting high-value applications in automotive and specialty plastics

Download FREE Sample Report: – View in Detailed Research Report

---

5️⃣ 6. Toray Industries

Headquarters: Tokyo, Japan
Key Offering: Multi-walled Carbon Nanotubes for Composites and Electronics

Toray Industries, a global leader in advanced materials, incorporates multi-walled carbon nanotubes into its expansive product portfolio. The company leverages its expertise in carbon fiber and other high-performance materials to develop nanotube-enhanced solutions for the aerospace, automotive, and electronics sectors.

Innovation Initiatives:

• Integration of CNTs with other advanced carbon materials

• Development of high-strength, lightweight composite materials

---

4️⃣ 7. Mitsubishi Chemical

Headquarters: Tokyo, Japan
Key Offering: Multi-walled Carbon Nanotubes and Hybrid Materials

Mitsubishi Chemical Group offers a range of multi-walled carbon nanotubes as part of its advanced materials division. The company focuses on creating value-added materials by combining nanotubes with other functional additives to meet specific customer requirements in sectors like energy storage and specialty chemicals.

Innovation Initiatives:

• Research into hybrid materials combining CNTs with graphene and other nanofillers

• Strong presence in the Asia-Pacific advanced materials market

---

3️⃣ 8. Raymor Industries

Headquarters: Boisbriand, Quebec, Canada
Key Offering: AP-CVD Multi-walled Carbon Nanotubes

Raymor Industries, operating through its NanoIntegris division, specializes in the production of high-purity carbon nanotubes using its proprietary Atmospheric Pressure Chemical Vapor Deposition (AP-CVD) process. This technology allows for the scalable production of consistent, high-quality multi-walled nanotubes.

Innovation Initiatives:

• Proprietary AP-CVD technology for scalable production

• Focus on serving the North American research and industrial markets

---

2️⃣ 9. Future Carbon

Headquarters: Bayreuth, Germany
Key Offering: Carbores® P and Carbores® S Multi-walled Carbon Nanotubes

Future Carbon GmbH develops and produces specialized carbon-based materials, including its Carbores® series of multi-walled carbon nanotubes. The company emphasizes the development of customized solutions, particularly for challenging applications in extreme environments and high-temperature conditions.

Innovation Initiatives:

• Expertise in high-temperature and specialty applications

• Collaborative development projects with European industrial partners

---

1️⃣ 10. Beijing DK Nano Technology

Headquarters: Beijing, China
Key Offering: Multi-walled Carbon Nanotube Powders and Suspensions

Beijing DK Nano Technology Co., Ltd. is a significant Chinese manufacturer of nano-materials, including a range of multi-walled carbon nanotubes. The company caters primarily to the domestic Chinese market, supplying nanotubes for research institutions and industrial applications in batteries, coatings, and composites.

Innovation Initiatives:

• Focus on serving the rapidly growing Chinese advanced materials market

• Development of cost-effective nanotube products for volume applications

Get Full Report Here: – View in Detailed Research Report

---

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

The multi-walled carbon nanotube market is undergoing a significant evolution. While traditional applications in composites still drive volume, the industry is investing heavily in next-generation energy storage, smart materials, and multi-functional composites.

📈 Key Trends Shaping the Market:

• Explosive growth in demand from lithium-ion battery manufacturers for electric vehicles

• Increasing integration of MWCNTs into structural health monitoring systems and smart composites

• Advancements in functionalization techniques to improve dispersion and interfacial bonding

• Strategic partnerships between material suppliers and end-users to co-develop tailored solutions

Get Full Report Here: – 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.