The Global Multi-walled Carbon Nanotube Market was valued at USD 265.3 Million in 2025 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 for lightweight, high-strength composite materials, the rapid expansion of the electric vehicle battery sector, and accelerating adoption of advanced electronics requiring superior conductive properties.

As industries worldwide push the boundaries of material science for enhanced performance and sustainability, the spotlight is on the key nanotechnology firms driving innovation in carbon nanostructures. In this blog, we profile the Top 10 Companies in the Multi-walled Carbon Nanotube Industry—a mix of established chemical giants and specialized nanomaterial pioneers shaping the future of advanced manufacturing.

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🔟 1. OCSiAl Group

Headquarters: Leudelange, 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 industrial-scale production capabilities. The company’s proprietary technology enables the cost-effective manufacturing of high-quality single-wall and multi-wall carbon nanotubes, making them viable for a wide range of industrial applications from tires to lithium-ion batteries.

Innovation Initiatives:

• World’s largest single-wall carbon nanotube production facility

• Strategic partnerships with major automotive and battery manufacturers

• Focus on developing nanotube solutions for energy storage applications

Download FREE Sample Report: Multi-walled Carbon Nanotube Market – View in Detailed Research Report

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9️⃣ 2. Arkema Group

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

Arkema is a major global chemical company and a leading producer of high-performance MWCNTs through its Graphistrength® brand. The company offers masterbatches and compounds that facilitate the easy incorporation of nanotubes into various polymer matrices, enhancing mechanical, electrical, and thermal properties for applications in automotive, aerospace, and electronics.

Innovation Initiatives:

• Development of pre-dispersed nanotube formulations for easier processing

• Expansion into sustainable material solutions using bio-based polymers

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8️⃣ 3. Nanocyl S.A.

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

Nanocyl is a pioneer and specialist in the manufacture and application of carbon nanotubes. With over two decades of experience, the company produces high-purity MWCNTs that are widely used in electrostatic discharge (ESD) applications, structural composites, and conductive coatings across various industries.

Innovation Initiatives:

• Continuous improvement of CVD production processes for higher purity

• Development of application-specific nanotube formulations

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7️⃣ 4. Cabot Corporation

Headquarters: Boston, Massachusetts, USA
Key Offering: Carbon Black and Specialty Carbons including MWCNT composites

Cabot Corporation is a global specialty chemicals and performance materials company with a strong position in carbon black and emerging offerings in carbon nanotubes. Leveraging its expertise in carbon materials, Cabot is developing nanotube-enhanced solutions for battery electrodes, conductive polymers, and advanced composites.

Innovation Initiatives:

• Integration of nanotubes into existing carbon black product lines

• Focus on battery materials for the electric vehicle market

Download FREE Sample Report: Multi-walled Carbon Nanotube Market – View in Detailed Research Report

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6️⃣ 5. Toray Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: MWCNTs for composite materials and electronic applications

Toray Industries is a multinational corporation and a leading innovator in advanced materials, including carbon fibers and nanotubes. The company develops MWCNT-based solutions that enhance the performance of its flagship carbon fiber composites, creating ultra-strong, lightweight materials for aerospace, automotive, and sporting goods applications.

Innovation Initiatives:

• Development of hybrid materials combining carbon fibers and nanotubes

• Expansion into energy storage and electronic device applications

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5️⃣ 6. Mitsubishi Chemical Corporation

Headquarters: Tokyo, Japan
Key Offering: MWCNTs for polymer reinforcement and conductive applications

Mitsubishi Chemical is a global leader in the chemical industry with significant investments in nanotechnology. The company produces high-quality multi-walled carbon nanotubes that are used to enhance the properties of engineering plastics, composites, and electronic materials for various industrial sectors.

Innovation Initiatives:

• Development of nanotube-based materials for sustainable applications

• Strategic focus on automotive lightweighting and battery technologies

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4️⃣ 7. Cnano Technology Ltd.

Headquarters: Jiangsu, China
Key Offering: High-purity MWCNTs and conductive masters

Cnano Technology is one of China’s leading manufacturers of carbon nanotubes, with substantial production capacity serving both domestic and international markets. The company specializes in MWCNTs for lithium-ion battery conductive additives, providing essential materials for the rapidly growing electric vehicle industry.

Innovation Initiatives:

• Large-scale production facilities with competitive cost structure

• Strong focus on battery material innovations and partnerships

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3️⃣ 8. Hyperion Catalysis International

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

Hyperion Catalysis is a pioneer in the carbon nanotube industry with decades of experience in developing and commercializing MWCNT applications. The company’s FIBRIL™ nanotubes are particularly known for their use in creating conductive polymer compounds for automotive fuel systems and electronic packaging.

Innovation Initiatives:

• Long-standing expertise in nanotube-polymer composites

• Focus on meeting automotive industry specifications and standards

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2️⃣ 9. Raymor Industries Inc.

Headquarters: Boisbriand, Quebec, Canada
Key Offering: AP-CVD™ MWCNTs and nano-enhanced products

Raymor Industries, operating through its subsidiary NanoIntegris, is a developer and producer of high-quality carbon nanotubes using its proprietary AP-CVD (Atmospheric Pressure Chemical Vapor Deposition) technology. The company focuses on providing tailored nanotube solutions for research and industrial applications.

Innovation Initiatives:

• Proprietary synthesis technology for controlled nanotube properties

• Development of application-specific nanotube formulations

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1️⃣ 10. Shanghai Haoyuan Chemexpress Co., Ltd.

Headquarters: Shanghai, China
Key Offering: MWCNTs for research and industrial applications

Shanghai Haoyuan Chemexpress is a significant supplier of carbon nanomaterials in the Asian market, providing multi-walled carbon nanotubes to various industries including electronics, energy storage, and复合材料. The company serves both research institutions and industrial customers with a range of nanotube specifications.

Innovation Initiatives:

• Expansion of production capacity to meet growing regional demand

• Development of cost-effective nanotube solutions for mass-market applications

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

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🔬 Outlook: The Future of Multi-walled Carbon Nanotubes Is Smarter and More Integrated

The multi-walled carbon nanotube market is undergoing a significant transformation. While traditional reinforcement applications continue to dominate in volume, the industry is investing heavily in next-generation energy storage, advanced electronics, and multifunctional composite materials.

📈 Key Trends Shaping the Market:

• Rapid expansion in lithium-ion battery applications, particularly for electric vehicles

• Increasing integration of MWCNTs in structural health monitoring systems

• Development of hybrid materials combining nanotubes with other nanomaterials

• Growing emphasis on sustainable production methods and recyclable nanocomposites

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

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