Global Carbon Nanomaterials Market Insights Forecasts to 2033

• The Global Carbon Nanomaterials Market Size was Valued at USD 4.1 Billion in 2023
• The Market Size is Growing at a CAGR of 27.7% from 2023 to 2033
• The Worldwide Carbon Nanomaterials Market Size is Expected to Reach USD 32.8 Billion by 2033
• Europe Market is expected to grow the fastest during the forecast period

The Global Carbon Nanomaterials Market Size is Anticipated to Exceed USD 32.8 Billion by 2033, Growing at a CAGR of 27.7% from 2023 to 2033.

Market Overview

Carbon nanomaterials are the carbon allotropes with unique physical and chemical properties with extensive applications such as the technical, medical, environmental, and agricultural sectors. Carbon allotropes are termed “Wonder materials” due to their easy functionalization, conductivity, surface area, and electrical activity. Carbon-based nanomaterials are used in advanced computing electronics having a strong anisotropic thermal conductivity. They are widely applied for coating biomedical devices in the therapeutics and diagnosis sectors. The improvisation of building electrochemical biosensors will be there in the near future. Examples of carbon allotropes are carbon nanotubes, fullerenes graphene, carbon dots, graphene oxide, and composites. The increasing demand for carbon nanomaterials in the paints & coating industry is likely to enhance the market growth of carbon nanomaterials.

Report Coverage

This research report categorizes the market for the global carbon nanomaterials market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global carbon nanomaterials market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global carbon nanomaterials market.

Driving Factors

The growing demand for carbon nanomaterials in the paints & coatings industry driving the market. In automobile industries, carbon nanomaterials are used for developing and producing car interiors and exteriors owing to their excellent mechanical qualities and lightweight, reducing aluminum engine weight. The production of automobiles is likely to expand with the increasing population which aids in driving the carbon nanomaterial market. The wide range of applications of carbon nanomaterial has expanded the market.

Restraining Factors

Carbon nanotube toxicity is likely to affect human health like kidney damage and high blood pressure. The strict regulation imposed on carbon nanomaterial manufacturers due to growing concerns regarding the impact of carbon nanoparticles on the environment is likely to hinder the market. The harmful consequences of carbon nanomaterial on human health hamper the market growth.

Market Segmentation

The global carbon nanomaterials market share is classified into type, method, and application.

• The carbon nanotubes segment is expected to hold the largest share of the global carbon nanomaterials market during the forecast period.   

Based on the type, the global carbon nanomaterials market is categorized into carbon nanotubes, graphene, carbon nanofibers, fullerenes, and others. Among these, the carbon nanotubes segment is expected to hold the largest share of the global carbon nanomaterials market during the forecast period. Carbon nanotubes have distinct, long, tubular structures having low thermal expansion coefficient, high mechanical strength, high specific surface area, and thermal conductivity.

• The chemical vapor deposition segment is expected to hold the largest share of the global carbon nanomaterials market during the forecast period.   

Based on the method, the global carbon nanomaterials market is categorized into arc discharge, liquid phase carbon nanotube purification, laser ablation, chemical vapor deposition, high-pressure carbon monoxide reaction, and others. Among these, the chemical vapor deposition segment is expected to hold the largest share of the global carbon nanomaterials market during the forecast period. Chemical vapor deposition is a widely used method of film deposition for the semiconductor industry because of its high throughput, high purity, and low cost of operation. Chemical vapor deposition has various advantages over physical vapor deposition processes including better molecular beam evaporation and sputtering. Thus leading to drive the segment growth in the carbon nanomaterials industry.

• The medical & pharmacy segment is expected to grow at the fastest CAGR during the forecast period.   

Based on the application, the global carbon nanomaterials market is categorized into aerospace & aviation, medical & pharmacy, military & defense. Among these, the medical & pharmacy segment is expected to grow at the fastest CAGR during the forecast period. The advancement in medical devices and usage of carbon nanomaterials in therapeutics, medical devices, drug delivery and other applications has expanded the carbon nanomaterial market. The use of carbon nanomaterial for selective cancer cell destruction and other application like stem-cell based therapies and tissue engineering applications including myocardial therapy, muscle and neuronal regeneration and bone formation expand the market in healthcare sector. The growing application of medical devices in healthcare industry likely to enhance carbon nanomaterial market.

Regional Segment Analysis of the Global Carbon Nanomaterials Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the global carbon nanomaterials market over the predicted timeframe.

Asia Pacific is projected to hold the largest share of the global carbon nanomaterials market over the forecast period. The rising R&D and advancement of carbon nanomaterials positively affect the carbon nanomaterial market. China and Japan have the greatest carbon nanomaterial market in the Asia-Pacific region. The growing demand for composite and lithium-molecule battery applications drives the carbon nanomaterial market in the Asia-Pacific region.

Europe is expected to grow at the fastest CAGR growth of the global carbon nanomaterials market during the forecast period. Due to the presence of a well-developed automotive industry and increased demand for carbon nanomaterial in various sectors driving the market in the region. The UK is one of the largest markets owing to significant demand for wearable electronic devices and wireless speakers. The growing use of microelectronic devices rising demand for carbon nanotubes for manufacturing electronic devices which is likely to boost the market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global carbon nanomaterials market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Arkema SA
• Nano-C
• Showa Denko KK
• LG Chemical Ltd.
• Klean Commodities
• Bayer AG
• SES Research
• MTR Ltd
• Cabot Corporation
• Sumitomo Electric Industries Ltd.
• Napo Nanotechnologies Pvt. Ltd.
• DuPont de Nemours Inc.
• CNano Technology Ltd
• Ahlstrom Oyj
• Nanocyl SA
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent developments

• In November 2023, Sunrise New Energy announced a plan to construct a carbon nanotube conductive additive plant in the United States, enhancing production efficiency and profits.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global carbon nanomaterials market based on the below-mentioned segments: 

Global Carbon Nanomaterials Market, By Type

• Carbon nanotubes
• Graphene
• Carbon nanofibers
• Fullerenes
• Others

Global Carbon Nanomaterials Market, By Method

• Arc Discharge
• Laser Ablation
• Chemical Vapor Deposition
• High-Pressure Carbon Monoxide Reaction
• Liquid Phase Carbon Nanotubes Purification

Global Carbon Nanomaterials Market, By Application

• Aerospace & Aviation
• Medical & Pharmacy
• Military & Defense

Global Carbon Nanomaterials Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa