North America Carbon Nanotubes Market Forecast to 2028 - Regional Analysis - by Type (Multi-Walled Carbon Nanotubes and Single-Walled Carbon Nanotubes), and Application (Electronics and Semiconductors, Energy Storage, Structural Composites, Aerospace and

North America Carbon Nanotubes Market Forecast to 2028- Regional Analysis- by Type (Multi-Walled Carbon Nanotubes and Single-Walled Carbon Nanotubes), and Application (Electronics and Semiconductors, Energy Storage, Structural Composites, Aerospace and Defense, Medical, and Others)


The North America carbon nanotubes market is expected to grow from US$ 1,071.18 million in 2022 to US$ 2,730.90 million by 2028. It is estimated to grow at a CAGR of 16.9% from 2022 to 2028.

Rising Demand for Carbon Nanotube Based Composites is Fueling North America Carbon Nanotubes Market

The growing demand for lightweight substitutes of metal with superior thermal, electrochemical, and mechanical characteristics has resulted in rising research related to composites and composite materials. Technological advancements and next-generation microscale applications in the electrical & electronics sector need efficient and high-functionality materials such as CNTs. Further, CNT-based composites technology is widely utilized in aerospace, defense, automotive and infrastructure industries. National Aeronautics and Space Administration (NASA) funded a five-year Space Technology Research Institute (STRI) called US-COMP, which commenced in 2017, for research and development of CNT-based composites. The research focused on the innovation of lightweight ultra-high strength material for application in exploration vehicles.

CNT-reinforced polymer composites are used in automotive applications such as exhaust systems, catalytic converters, suspension systems, engines, automotive structural components, and power train materials. Moreover, multi-walled CNTs are gaining popularity as a robust and lightweight alternative to copper. The growing demand for lightweight automobiles with high fuel efficiency and minimal carbon emissions has encouraged automotive manufacturers to invest in research of novel CNT-based composites and increasingly utilize carbon nanotubes. Thus, the rising demand for CNT-based composites from various industries is driving the carbon nanotubes market.

North America Carbon Nanotubes Market Overview

The North America carbon nanotubes market is segmented into the US, Canada, and Mexico. The regional market has been growing steadily over the past few years due to the region’s strong research and development capabilities and increasing demand for high-performance materials. The aerospace, automotive, defense, and electronics industries are among the key consumers of carbon nanotubes. The US is the largest market for carbon nanotubes in North America. The country has several established companies and research institutions such as Rice University, Houston, Texas; Nanocomp Technologies, Merrimack, New Hampshire; and Zyvex Technologies, Columbus, Ohio that focus on their development and commercialization. Moreover, the Rice Research team, led by Professor Richard Smalley, was responsible for the discovery of carbon nanotubes in 1991. North America has many carbon nanotube manufacturers, offering carbon nanotubes to a wide range of industries. There are also emerging opportunities in Canada and Mexico and in niche applications such as biomedicine and sporting goods. While the market still faces challenges related to cost and scalability, ongoing advancements in manufacturing processes and increasing investments in research and developments are expected to drive the carbon nanotube market growth in North America in the coming years. In 2021, researchers at Rice University in Texas developed a new method for producing carbon nanotubes with high control over their structure and properties. The researchers used a technique called HiPCO (High Pressure Carbon Monoxide) to produce carbon nanotubes with a specific chirality and diameter, which could have applications in fields such as electronics and energy storage.

Exhibit: North America Carbon Nanotubes Market Revenue and Forecast to 2028 (US$ Million)

North America Carbon Nanotubes Market Segmentation

The North America carbon nanotubes market is segmented into type, application, and country.

Based on type, the North America carbon nanotubes market is bifurcated into multi-walled carbon nanotubes, and single-walled carbon nanotubes. The multi-walled carbon nanotubes segment registered a larger market share in 2022.

Based on application, the North America carbon nanotubes market is segmented into electronics and semiconductors, energy storage, structural composites, aerospace and defense, medical, and others. The structural composites segment held the largest market share in 2022.

Based on country, the North America carbon nanotubes market is segmented into the US, Mexico, and Canada. The US dominated the market share in 2022.

Nanoshel LLC; NanoLab Inc; Kumho Petrochemical Co Ltd; Klean Industries Inc; LG Chem Ltd; Raymore Industries Inc; Nanocyl SA; Arkema SA; Tokyo Chemical Industries Co Ltd; Cobot Corp are the leading companies operating in the carbon nanotubes market in the region.

Reasons to Buy

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1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Carbon Nanotubes Market, by Type
1.3.2 North America Carbon Nanotubes Market, by Application
1.3.3 North America Carbon Nanotubes Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.1.1 North America Carbon Nanotubes Market, by Type, and Application
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. North America Carbon Nanotubes Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Suppliers:
4.2.3 Bargaining Power of Buyers:
4.2.4 Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.3.1 Overview:
4.3.2 Raw Material Suppliers:
4.3.3 Manufacturers
4.3.4 Distributors
4.3.5 End-Use Industries
4.4 Expert Opinions
5. North America Carbon Nanotubes Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Carbon Nanotubes (CNTs) for Energy Storage Applications
5.1.2 Rising Demand for Carbon Nanotube Based Composites
5.2 Market Restraints
5.2.1 Environmental Concerns Related to Carbon Nanotubes
5.3 Market Opportunities
5.3.1 Adoption of Carbon Nanotubes for Cancer Treatment
5.4 Future Trends
5.4.1 Utilization of Carbon Nanotubes in 3D Printing
5.5 Impact Analysis
6. Carbon Nanotubes – North America Market Analysis
6.1 North America Carbon Nanotubes Market –Revenue and Forecast to 2028 (US$ Mn)
6.2 North America Carbon Nanotubes Market –Volume and Forecast to 2028 (Tons)
7. North America Carbon Nanotubes Market Analysis – By Type
7.1 Overview
7.2 North America Carbon Nanotubes Market, By Type (2021 and 2028)
7.3 Multi-Walled Carbon Nanotubes
7.3.1 Overview
7.3.2 Multi-Walled Carbon Nanotubes: North America Carbon Nanotubes Market – Revenue and Forecast to 2028 (US$ Mn)
7.3.3 Multi-Walled Carbon Nanotubes: North America Carbon Nanotubes Market –Volume and Forecast to 2028 (Tons)
7.4 Single-Walled Carbon Nanotubes
7.4.1 Overview
7.4.2 Single-Walled Carbon Nanotubes: North America Carbon Nanotubes Market – Revenue and Forecast to 2028 (US$ Mn)
7.4.3 Single-Walled Carbon Nanotubes: North America Carbon Nanotubes Market –Volume and Forecast to 2028 (Tons)
8. North America Carbon Nanotubes Market Analysis – By Application
8.1 Overview
8.2 North America Carbon Nanotubes Market, By Application (2021 and 2028)
8.3 Electronics and Semiconductors
8.3.1 Overview
8.3.2 Electronics and Semiconductors: North America Carbon Nanotubes Market – Revenue and Forecast to 2028 (US$ Mn)
8.4 Energy Storage
8.4.1 Overview
8.4.2 Energy Storage: North America Carbon Nanotubes Market – Revenue and Forecast to 2028 (US$ Mn)
8.5 Structural Composites
8.5.1 Overview
8.5.2 Structural Composites: North America Carbon Nanotubes Market – Revenue and Forecast to 2028 (US$ Mn)
8.6 Aerospace and Defence
8.6.1 Overview
8.6.2 Aerospace and Defence: North America Carbon Nanotubes Market – Revenue and Forecast to 2028 (US$ Mn)
8.7 Medical
8.7.1 Overview
8.7.2 Medical: North America Carbon Nanotubes Market – Revenue and Forecast to 2028 (US$ Mn)
8.8 Others
8.8.1 Overview
8.8.2 Others: North America Carbon Nanotubes Market – Revenue and Forecast to 2028 (US$ Mn)
9. North America Carbon Nanotubes Market – Country Analysis
9.1 Overview
9.1.1 North America: Carbon Nanotubes Market
9.1.2 North America: Carbon Nanotubes Market, by Key Country
9.1.2.1 US: Carbon Nanotubes Market –Analysis and Forecast to 2028 (US$ Million)
9.1.2.1.1 US: Carbon Nanotubes Market, by Type
9.1.2.1.2 US: Carbon Nanotubes Market, by Application
9.1.2.2 Canada: Carbon Nanotubes Market –Analysis and Forecast to 2028 (US$ Million)
9.1.2.2.1 Canada: Carbon Nanotubes Market, by Type
9.1.2.2.2 Canada: Carbon Nanotubes Market, by Application
9.1.2.3 Mexico: Carbon Nanotubes Market –Analysis and Forecast to 2028 (US$ Million)
9.1.2.3.1 Mexico: Carbon Nanotubes Market, by Type
9.1.2.3.2 Mexico: Carbon Nanotubes Market, by Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
10.4 Merger and Acquisition
11. Company Profiles
11.1 Nanoshel LLC
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 NanoLab Inc
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Kumho Petrochemical Co Ltd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Klean Industries Inc
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 LG Chem Ltd
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Raymor Industries Inc
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Nanocyl SA
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Arkema SA
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Tokyo Chemical Industry Co Ltd
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Cabot Corp
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Carbon Nanotubes Market –Revenue and Forecast to 2028 (US$ Mn)
Table 2. North America Carbon Nanotubes Market –Volume and Forecast to 2028 (Tons)
Table 3. North America Carbon Nanotubes Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America Carbon Nanotubes Market, by Type–Volume and Forecast to 2028 (Tons)
Table 5. North America Carbon Nanotubes Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. US Carbon Nanotubes Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. US Carbon Nanotubes Market, by Type – Volume and Forecast to 2028 (Tons)
Table 8. US Carbon Nanotubes Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada Carbon Nanotubes Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada Carbon Nanotubes Market, by Type – Volume and Forecast to 2028 (Tons)
Table 11. Canada Carbon Nanotubes Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico Carbon Nanotubes Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico Carbon Nanotubes Market, by Type – Volume and Forecast to 2028 (Tons)
Table 14. Mexico Carbon Nanotubes Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 15. Glossary of Terms, North America Carbon Nanotubes Market
LIST OF FIGURES
Figure 1. North America Carbon Nanotubes Market Segmentation
Figure 2. North America Carbon Nanotubes Market Segmentation – By country
Figure 3. North America Carbon Nanotubes Market Overview
Figure 4. North America Carbon Nanotubes Market, By Type
Figure 5. North America Carbon Nanotubes Market, by Country
Figure 6. Porter’s Five Forces Analysis of North America Carbon Nanotubes Market
Figure 7. North America Carbon Nanotubes Market, Ecosystem Analysis
Figure 8. North America Expert Opinion
Figure 9. North America Carbon Nanotubes Market Impact Analysis of Drivers and Restraints
Figure 10. North America Carbon Nanotubes Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 11. North America Carbon Nanotubes Market –Volume and Forecast to 2028 (Tons)
Figure 12. North America Carbon Nanotubes Market Revenue Share, By Type (2021 and 2028)
Figure 13. Multi-Walled Carbon Nanotubes: North America Carbon Nanotubes Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 14. Multi-Walled Carbon Nanotubes: North America Carbon Nanotubes Market –Volume and Forecast To 2028 (Tons)
Figure 15. Single-Walled Carbon Nanotubes: North America Carbon Nanotubes Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 16. Single-Walled Carbon Nanotubes: North America Carbon Nanotubes Market –Volume and Forecast To 2028 (Tons)
Figure 17. North America Carbon Nanotubes Market Revenue Share, By Application (2021 and 2028)
Figure 18. Electronics and Semiconductors: North America Carbon Nanotubes Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 19. Energy Storage: North America Carbon Nanotubes Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 20. Structural Composites: North America Carbon Nanotubes Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 21. Aerospace and Defense: North America Carbon Nanotubes Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 22. Medical: North America Carbon Nanotubes Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 23. Others: North America Carbon Nanotubes Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 24. North America: Carbon Nanotubes Market, by Key Country—Revenue (2021) (US$ Million)
Figure 25. North America: Carbon Nanotubes Market Revenue Share, by Key Country (2021 and 2028)
Figure 26. US: Carbon Nanotubes Market –Revenue and Forecast to 2028 (US$ Million)
Figure 27. US: Carbon Nanotubes Market –Volume and Forecast to 2028 (Tons)
Figure 28. Canada: Carbon Nanotubes Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. Canada: Carbon Nanotubes Market –Volume and Forecast to 2028 (Tons)
Figure 30. Mexico: Carbon Nanotubes Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. Mexico: Carbon Nanotubes Market –Volume and Forecast to 2028 (Tons)

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