Nanotubes Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Type (Carbon Nanotubes, Silicon Nanotubes, Inorganic Nanotubes, and Other Types), Structure Type (Non-polymer Organic Nanomaterials and Polymeric Nanomaterials), Application (Hydrogen Storage Devices, Sensors, Polymeric Biomaterials, Li-ion Batteries, Luminescent Display Devices, Biosensors, Nanoelectrodes, Water Purification Filters, Semiconductor Devices, and Conductive Plastics), End-user Industry (Healthcare, Electronics, Energy, Automotive, Aerospace and Defense, Textile, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Market Snapshot

Nanotubes Market - Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >14 %

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Market Overview

The nanotubes market is expected to register a CAGR of over 14%, during the forecast period. The major factors driving the growth of the market studied are an advancement in nanotubes technologies and the growing adoption of carbon nanotubes. On the flipside, high manufacturing and R&D costs serve as one of the major stumbling blocks in the growth of the market studied.

  • The carbon nanotubes segment dominated the market. It is likely to grow during the forecast period, owing to its crucial role in technological advancements in the fields of medicine, electronics, engineering, and various other applications.
  • Rising potential uses in electronic and storage devices are likely to provide opportunities for the market studied, during the forecast period.
  • Asia-Pacific dominated the global market, as the demand for nanotubes is majorly driven by the increasing application and demand from industries, such as electronics, energy, aerospace, and defense.

Scope of the Report

The scope of the nanotubes market report includes:

Carbon Nanotubes
Multi-walled Carbon Nanotubes
Single-walled Carbon Nanotubes
Silicon Nanotubes
Inorganic Nanotubes
Membrane Nanotubes
Other Types
Structure Type
Non-polymer Organic Nanomaterials
Polymeric Nanomaterials
Hydrogen Storage Devices
Polymeric Biomaterials
Li-ion Batteries
Luminescent Display Devices
Water Purification Filters
Semiconductor Devices
Conductive Plastics
End-user Industry
Aerospace and Defense
Other End-user Industries
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Electronics Segment to Dominate the Market Demand

  • Nanotubes find extensive application in the electronics industry, for the development of faster, more efficient, and more durable electronic devices.
  • Among all the types of nanotubes, carbon nanotubes lead the market demand, due to their applications in the electronics industry. Apart from carbon nanotubes, silicon nanotubes and inorganic nanotubes are also used in the electronics industry.
  • Carbon nanotubes find application in displays, large area surface conduction, color field emission displays, sensors, backlights for displays, traveling wave tubes, transistors, photovoltaics, conductive additives for non-display applications, photonics, radio-frequency identification (RFID) tags, neutron, and gamma-ray sources, and lighting devices.
  • Silicon nanotubes contain hydrogen molecules and act like metal fuel. Thus, they are widely used for semiconductor applications in the electronics industry.
  • Inorganic nanotubes are also used in the electronics industry, for application in semiconductor devices, sensors, biosensors, nano-motors, and flat panel displays.
  • Hence, owing to the diversified application of nanotubes in several electronic components, the demand for nanotubes is expected to increase.
  • Furthermore, according to ZEVI, by 2020, the electrical and electronics industry is expected to reach around EUR 4.7 trillion, globally. Regions such as Asia-Pacific, North America, etc. are likely to witness positive growth. 
  • Asia-Pacific has been witnessing numerous investments in the electronics industry, as well as growth in electronics production, especially in countries, such as China, India, South Korea, and Japan.
  • This growth is expected to increase the demand for nanotubes for electronic applications in the region, during the forecast period.
Nanotubes Market - Segmentation Trends

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region dominated the global market share,  due to the increasing demand from industries, such as electronics, energy, healthcare, aerospace and defense, and automotive.
  • Japan is the largest consumer of nanotubes, followed by China and South Korea.
  • Japan is one of the largest producers of electronics, aircrafts, and energy equipment. The country is focused on manufacturing F-35A next-generation fighter jet and other military aircraft, thus strengthening the foundation of the aerospace manufacturing. The production of commercial aircraft has been increasing from the last couple of years, owing to the increasing cargo demand.
  • China is one of the leading producers of electronics and automotive, globally. Owing to the growing electronics production and increasing application of semiconductors, the government has set a goal for the semiconductor industry, reaching USD 305 billion in output by 2030.
  • Besides, South Korea is one of the major exporters of electronics and automotive. Thus, with rising domestic, as well as foreign demand for electronic products and vehicles, the market players have been increasing their industrial output in the country.
  • Hence, the aforementioned trends are expected to drive the demand for nanotubes in the region, during the forecast period.
Nanotubes Market - Regional Trends

Competitive Landscape

The nanotubes market is fragmented in nature, with numerous players holding insignificant market share, to individually affect the market dynamics. Some of the major players in the market include Arkema SA, Showa Denko KK, Nanocyl, CNano Technology Ltd, and Hyperion Catalysis, among others.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Advancement in Nanotubes Technologies

      2. 4.1.2 Growing Adoption of Carbon Nanotubes

    2. 4.2 Restraints

      1. 4.2.1 High Manufacturing and R&D Cost

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Type

      1. 5.1.1 Carbon Nanotubes

        1. Multi-walled Carbon Nanotubes

          1. Spiral

          2. Concentric

        2. Single-walled Carbon Nanotubes

          1. Zig-zag

          2. Armchair

          3. Chiral

        3. Fullerite

        4. Torus

      2. 5.1.2 Silicon Nanotubes

      3. 5.1.3 Inorganic Nanotubes

      4. 5.1.4 Membrane Nanotubes

      5. 5.1.5 Other Types

    2. 5.2 Structure Type

      1. 5.2.1 Non-polymer Organic Nanomaterials

      2. 5.2.2 Polymeric Nanomaterials

    3. 5.3 Application

      1. 5.3.1 Hydrogen Storage Devices

      2. 5.3.2 Sensors

      3. 5.3.3 Polymeric Biomaterials

      4. 5.3.4 Li-ion Batteries

      5. 5.3.5 Luminescent Display Devices

      6. 5.3.6 Biosensors

      7. 5.3.7 Nanoelectrodes

      8. 5.3.8 Water Purification Filters

      9. 5.3.9 Semiconductor Devices

      10. 5.3.10 Conductive Plastics

    4. 5.4 End-user Industry

      1. 5.4.1 Healthcare

      2. 5.4.2 Electronics

      3. 5.4.3 Energy

      4. 5.4.4 Automotive

      5. 5.4.5 Aerospace and Defense

      6. 5.4.6 Textile

      7. 5.4.7 Other End-user Industries

    5. 5.5 Geography

      1. 5.5.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.5.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.5.3 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Rest of Europe

      4. 5.5.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.5.5 Middle-East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Arkema SA

      2. 6.4.2 Arry International Group Limited

      3. 6.4.3 Carbon Solutions Inc.

      4. 6.4.4 Hanwha Chemical Corporation

      5. 6.4.5 Cheap Tubes

      6. 6.4.6 Hyperion Catalysis International

      7. 6.4.7 Nano-C

      8. 6.4.8 Nanocyl SA

      9. 6.4.9 NanoIntegris Inc.

      10. 6.4.10 Nanoshel LLC

      11. 6.4.11 OCSiAl

      12. 6.4.12 Thomas Swan & Co. Ltd

      13. 6.4.13 CNano Technology Limited

      14. 6.4.14 Showa Denko KK

      15. 6.4.15 CHASM Advanced Materials Inc.

      16. 6.4.16 Shenzhen Sanshun Nano New Materials Co. Ltd

      17. 6.4.17 Korea Nanomaterials

      18. 6.4.18 Zeon Corporation

      19. 6.4.19 Toray Industries Inc.

    5. *List Not Exhaustive

    1. 7.1 Rising Potential Uses in Electronic and Storage Devices

**Subject to Availability

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Frequently Asked Questions

The Nanotubes Market market is studied from 2016 - 2026.

The Nanotubes Market is growing at a CAGR of >14% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Arkema SA, Showa Denko KK, Nanocyl, CNano Technology Ltd, Hyperion Catalysis are the major companies operating in Nanotubes Market.

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