Global carbon nanotubes market expected to reach $18.01 billion by 2031, driven by energy storage demand

From GlobeNewswire: 2025-03-13 07:07:00

A new report from The Insight Partners reveals that the global carbon nanotubes market is growing due to increased demand for energy storage applications. The market is expected to reach $18.01 billion by 2031, with a CAGR of 13.7%.

Carbon nanotubes are leveraged for energy storage systems, with companies like NAWA Technologies and JiangSu Cnano Technology Ltd investing in advanced battery materials. The market also sees a rising demand for carbon nanotube-based composites in various industries.

Asia Pacific leads the carbon nanotubes market, followed by Europe and North America, with APAC expected to have the highest CAGR in the forecast period.

Key players in the market include NanoLab Inc, Nanoshel LLC, Klean Industries Inc, and more, focusing on energy storage, electronics, biomedical applications, and composite materials.

Recent advancements in carbon nanotubes technology have led to new applications in cancer treatment and drug delivery systems. CNTs are used to deliver anticancer drugs effectively and selectively target cancer cells.

The Insight Partners report provides valuable insights for stakeholders navigating the evolving carbon nanotubes market landscape and unlocking new opportunities for growth.



Read more at GlobeNewswire: Carbon Nanotubes Market Size to Reach a Worth US$ 18.01