Carbon Nanomaterials Market Size and Outlook 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 5.67 Billion
CAGR (2026-2031)	5.58%
Fastest Growing Segment	Fullerenes
Largest Market	Asia Pacific
Market Size (2031)	USD 7.85 Billion

Market Overview

The Global Carbon Nanomaterials Market will grow from USD 5.67 Billion in 2025 to USD 7.85 Billion by 2031 at a 5.58% CAGR. The Global Carbon Nanomaterials Market encompasses advanced carbon allotropes such as graphene and carbon nanotubes which are engineered at the nanoscale to utilize exceptional electrical, thermal, and mechanical properties. The primary drivers supporting this market include the critical demand for lightweight structural components within the aerospace and automotive sectors and the rising necessity for high efficiency energy storage systems for electric vehicles. These fundamental requirements for material performance enhancement provide a strong foundation for sustained economic growth that is distinct from temporary adoption trends.

However, the sector faces a significant challenge related to the high expense of mass production and the technical difficulty of maintaining consistent material quality. These economic and technical hurdles frequently impede widespread commercial adoption across cost sensitive industries. Demonstrating the expanding industrial capacity, The Graphene Council notes that in 2024 the global production landscape included more than 250 graphene producing companies. This data highlights the robust supply chain development aimed at overcoming scalability barriers.

Key Market Drivers

The Rapid Expansion of the Electric Vehicle Battery Market acts as the foremost catalyst for the industry, fundamentally reshaping production priorities to meet the needs of next-generation energy storage. Manufacturers are increasingly integrating carbon nanotubes and graphene as conductive additives in lithium-ion batteries to enhance energy density, accelerate charging speeds, and extend battery life cycles. This surge in electrification has necessitated immediate infrastructure scaling among key material suppliers to secure the supply chain. For instance, according to OCSiAl, October 2024, in the 'OCSiAl Opens Carbon Nanotube Production in Serbia' announcement, the company inaugurated a new facility with an annual capacity of 3,000 tons of single wall carbon nanotube dispersion specifically to support battery manufacturers. Reflecting this broader sector investment, according to Cabot Corporation, in 2024, the U.S. Department of Energy selected the firm for a $50 million award to build a commercial-scale battery-grade nanotube plant.

Concurrently, the Surging Demand for Lightweight Automotive Composites is driving widespread adoption of carbon nanomaterials to improve fuel efficiency in internal combustion engines and extend the range of electric vehicles. Engineering firms utilize these nanomaterials to reinforce polymers and structural components, delivering superior strength-to-weight ratios compared to traditional metals like steel or aluminum. This application is generating tangible financial growth for specialized manufacturers as they transition from pilot programs to mass production. According to NanoXplore, September 2024, in the 'Fourth Quarter and Fiscal Year 2024 Financial Results', the company reported record annual revenues of $129.9 million CAD, attributed largely to the rising sales volume of graphene-enhanced composite products. These developments illustrate how the transport sector's push for material efficiency is converting experimental nanotechnology into a commercially viable revenue stream.

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Key Market Challenges

The high expense of mass production and the technical difficulty of maintaining consistent material quality currently stand as the most significant impediments to the broader expansion of the Global Carbon Nanomaterials Market. In industries such as aerospace and automotive manufacturing, where safety and precision are paramount, material uniformity is non-negotiable. However, the intricate engineering required to produce carbon nanotubes and graphene at the nanoscale often results in batch-to-batch variations. This technical inconsistency forces manufacturers to implement rigorous and costly quality control measures, which in turn drives up the final price of the material. Consequently, cost-sensitive sectors are deterred from shifting away from proven legacy materials, as the economic risk of adopting these advanced allotropes remains prohibitively high.

The impact of this quality inconsistency is quantified by the fragmentation of the current supply chain. According to The Graphene Council, in 2024, the organization had identified and tabulated more than 700 individual commercially available forms of graphene materials on the global market. This overwhelming variety of material specifications, rather than indicating a healthy market, highlights the lack of standardization and the difficulty buyers face in securing a consistent product. Without a unified standard for quality, large-scale industrial integrators cannot reliably validate these materials for critical structural or energy storage applications, effectively stalling the transition from niche usage to widespread mass commercialization.

Key Market Trends

The Development of Synergistic Hybrid Carbon Nanocomposites is expanding the material's utility beyond the automotive sector into critical infrastructure applications, particularly within the construction industry. Manufacturers are engineering graphene-enhanced admixtures that significantly improve the compressive strength and durability of concrete while reducing the cement content required, thereby lowering the overall carbon footprint of building projects. This application shifts the value proposition from lightweighting to decarbonization in the built environment. Highlighting this sector's growth, according to Black Swan Graphene, October 2024, in the 'Black Swan Graphene Highlights Closing of Concretene's £3 Million Strategic Financing' press release, the company's partner Concretene secured £3 million to advance the commercialization of its graphene-enhanced concrete admixture, which is designed to reduce emissions in the construction sector.

Simultaneously, the Advancement in Targeted Drug Delivery and Biosensing Systems is leveraging the exceptional electrical conductivity and surface area of carbon nanomaterials to revolutionize medical diagnostics. Unlike structural applications, this trend focuses on using graphene and carbon nanotubes as active transducers in bio-electronics to detect biological markers with unprecedented sensitivity and speed, addressing the need for rapid, point-of-care testing. Evidence of this commercial progression is found in recent product launches; according to Paragraf, April 2024, in the 'Finally, Graphene Electronic Devices Available For All' announcement, the company opened a global online store to supply Graphene-based Field Effect Transistors (GFETs) specifically engineered to enable researchers to develop reliable and repeatable biochemical tests.

Segmental Insights

Based on recent industry analysis, the Fullerenes segment is emerging as the fastest-growing category within the Global Carbon Nanomaterials Market. This rapid expansion is primarily driven by surging demand in the medical and healthcare sectors, where the material's unique spherical molecular structure is essential for high-value applications such as targeted drug delivery systems and powerful antioxidant therapies. Furthermore, the renewable energy industry contributes significantly to this growth, as manufacturers increasingly integrate fullerenes into organic photovoltaics to enhance the efficiency of solar cells. These critical roles in expanding end-use industries position the segment for substantial development.

Regional Insights

Asia Pacific dominates the Global Carbon Nanomaterials Market due to substantial demand from the electronics and automotive manufacturing sectors. Major economies like China, Japan, and South Korea use these materials extensively in producing lithium-ion batteries and semiconductors to improve energy efficiency and component durability. This expansion is further supported by industrial policies promoting advanced material development, such as the roadmap for new materials overseen by China's Ministry of Industry and Information Technology. The combination of large-scale manufacturing capabilities and consistent government backing for material science innovation secures the region's leadership status in the global marketplace.

Recent Developments

In August 2025, Teknos Group Oy and UP Catalyst entered into a strategic collaboration by signing a memorandum of understanding to advance the use of sustainable carbon materials in paints and coatings. The partnership focuses on developing and commercializing alternatives to fossil-based carbon black by utilizing carbon nanotubes and other carbon materials derived from CO2 emissions. This cooperation aims to integrate these eco-friendly nanomaterials into powder coatings and wet paints, thereby reducing the carbon footprint of end products. The initiative highlights a commitment to circular economy principles and the industrial scalability of carbon capture technologies in the coating industry.
In October 2024, OCSiAl officially inaugurated its first European graphene nanotube production facility in Serbia. This new plant is designed to synthesize single-walled carbon nanotubes and produce nanotube-based dispersions, significantly expanding the company’s global manufacturing footprint. The facility will supply high-performance materials to various industries, including the electric vehicle battery sector, where these nanotubes improve energy density and charging speeds. This strategic expansion enables the company to better serve European and American markets, reducing logistics costs and ensuring a stable supply of advanced nanomaterials for applications ranging from elastomers to energy storage systems.
In September 2024, Cabot Corporation was selected by the U.S. Department of Energy to receive a grant of up to $50 million to support the construction of a new commercial-scale facility for battery-grade carbon nanotubes and conductive additive dispersions. Located in Michigan, this plant represents a critical expansion of the domestic supply chain for lithium-ion batteries used in electric vehicles and the electrical grid. The project aims to revitalize a former automotive site and produce materials essential for enhancing battery performance. This initiative aligns with broader efforts to reduce reliance on imported battery components and strengthen the national energy infrastructure.
In June 2024, Black Semiconductor announced a significant financial milestone, securing €254.4 million to advance its next-generation graphene-based chip technology. The funding included €228.7 million in public support from the German Ministry of Economic Affairs and Climate Action and the state of North Rhine-Westphalia, alongside €25.7 million in equity financing. This investment is intended to accelerate research and development initiatives and establish pilot line manufacturing capabilities in Aachen, Germany. The company aims to overcome current silicon limitations by integrating graphene into electronic chips, facilitating faster and more energy-efficient optical data communication for high-performance computing applications.

Key Market Players

Arkema SA
Bayer AG
DuPont de Nemours Inc
Ahlstrom Oyj
Nanocyl SA
CNano Technology Ltd.
MTR Ltd.
SES Research Inc
Nano Technology Company Limited
LG Chem Ltd

By Product Type	By Application	By Region
Graphene Carbon Nanofibers Fullerenes Others	Paints & Coatings Wings Fuselages Engines Fuel Component System Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Carbon Nanomaterials Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Carbon Nanomaterials Market, By Product Type:

Graphene
Carbon Nanofibers
Fullerenes
Others

Carbon Nanomaterials Market, By Application:

Paints & Coatings
Wings
Fuselages
Engines
Fuel Component System
Others

Carbon Nanomaterials Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Carbon Nanomaterials Market.

Available Customizations:

Global Carbon Nanomaterials Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Carbon Nanomaterials Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Carbon Nanomaterials Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Product Type (Graphene, Carbon Nanofibers, Fullerenes, Others)

5.2.2. By Application (Paints & Coatings, Wings, Fuselages, Engines, Fuel Component System, Others)

5.2.3. By Region

5.2.4. By Company (2025)

5.3. Market Map

6. North America Carbon Nanomaterials Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Product Type

6.2.2. By Application

6.2.3. By Country

6.3. North America: Country Analysis

6.3.1. United States Carbon Nanomaterials Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Product Type

6.3.1.2.2. By Application

6.3.2. Canada Carbon Nanomaterials Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Product Type

6.3.2.2.2. By Application

6.3.3. Mexico Carbon Nanomaterials Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Product Type

6.3.3.2.2. By Application

7. Europe Carbon Nanomaterials Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Product Type

7.2.2. By Application

7.2.3. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Carbon Nanomaterials Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Product Type

7.3.1.2.2. By Application

7.3.2. France Carbon Nanomaterials Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Product Type

7.3.2.2.2. By Application

7.3.3. United Kingdom Carbon Nanomaterials Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Product Type

7.3.3.2.2. By Application

7.3.4. Italy Carbon Nanomaterials Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Product Type

7.3.4.2.2. By Application

7.3.5. Spain Carbon Nanomaterials Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Product Type

7.3.5.2.2. By Application

8. Asia Pacific Carbon Nanomaterials Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Product Type

8.2.2. By Application

8.2.3. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China Carbon Nanomaterials Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Product Type

8.3.1.2.2. By Application

8.3.2. India Carbon Nanomaterials Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Product Type

8.3.2.2.2. By Application

8.3.3. Japan Carbon Nanomaterials Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Product Type

8.3.3.2.2. By Application

8.3.4. South Korea Carbon Nanomaterials Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Product Type

8.3.4.2.2. By Application

8.3.5. Australia Carbon Nanomaterials Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Product Type

8.3.5.2.2. By Application

9. Middle East & Africa Carbon Nanomaterials Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Product Type

9.2.2. By Application

9.2.3. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Carbon Nanomaterials Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Product Type

9.3.1.2.2. By Application

9.3.2. UAE Carbon Nanomaterials Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Product Type

9.3.2.2.2. By Application

9.3.3. South Africa Carbon Nanomaterials Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Product Type

9.3.3.2.2. By Application

10. South America Carbon Nanomaterials Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Product Type

10.2.2. By Application

10.2.3. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Carbon Nanomaterials Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Product Type

10.3.1.2.2. By Application

10.3.2. Colombia Carbon Nanomaterials Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Product Type

10.3.2.2.2. By Application

10.3.3. Argentina Carbon Nanomaterials Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Product Type

10.3.3.2.2. By Application

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global Carbon Nanomaterials Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Arkema SA

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. Bayer AG

15.3. DuPont de Nemours Inc

15.4. Ahlstrom Oyj

15.5. Nanocyl SA

15.6. CNano Technology Ltd.

15.7. MTR Ltd.

15.8. SES Research Inc

15.9. Nano Technology Company Limited

15.10. LG Chem Ltd

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

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