Carbon Nanomaterials Market Report 2026

The carbon nanomaterials market size has grown exponentially in recent years. It will grow from $8.83 billion in 2025 to $11.37 billion in 2026 at a compound annual growth rate (CAGR) of 28.9%. The growth in the historic period can be attributed to increased research funding in nanotechnology, rising demand for advanced materials, expansion of electronics manufacturing, availability of laboratory-scale production techniques, growing use in specialty applications.

The carbon nanomaterials market size is expected to see exponential growth in the next few years. It will grow to $31.71 billion in 2030 at a compound annual growth rate (CAGR) of 29.2%. The growth in the forecast period can be attributed to increasing commercialization of nanomaterials, rising adoption in battery and semiconductor industries, expansion of aerospace-grade composites, growing focus on sustainable advanced materials, increasing investment in large-scale production facilities. Major trends in the forecast period include growing adoption of graphene and cnts, rising use in lightweight composite materials, expansion of electronics and energy storage applications, increased focus on high-performance nanomaterials, advancements in scalable production methods.

The increasing demand for electric vehicles is expected to propel the growth of the carbon nanomaterials market going forward. An electric vehicle is powered by one or more electric motors that draw electricity from an external energy source. The performance of lithium-ion batteries, the primary energy storage systems in electric vehicles, is enhanced through the use of carbon nanomaterials such as graphene and carbon nanotubes. These carbon-based materials improve the electrical conductivity of both positive and negative electrodes without disrupting the electrochemical redox reactions that generate energy within the cell. For instance, in 2024, according to the International Energy Agency, electric vehicle sales in 2023 increased by 3.5 million units compared to 2022, representing a 35% year-on-year rise. Therefore, the growing demand for electric vehicles is driving the carbon nanomaterials market.

Major companies operating in the carbon nanomaterials market are focusing on technological advancements such as single-walled carbon nanotube (SWCNT) dispersions to boost conductivity, energy density, and overall battery performance. SWCNTs are cylindrical nanostructures composed of a single layer of carbon atoms arranged in a hexagonal lattice, offering exceptional electrical, thermal, and mechanical characteristics. For instance, in September 2024, OCSiAl, a Luxembourg-based nanotechnology company, opened a new carbon nanotube production facility in Serbia with an annual capacity of 3,000 metric tons of SWCNT dispersion. This facility supports its collaboration with ProLogium for the latter’s gigafactory project in Dunkirk, France, enabling the integration of OCSiAl’s nanotubes into advanced lithium ceramic batteries. This collaboration enhances battery conductivity, energy density, and safety, with mass production at the gigafactory anticipated to begin by early 2027, advancing innovation and sustainability in the electric vehicle sector.

In October 2023, Birla Carbon, an India-based manufacturer and supplier of carbon black, successfully acquired Nanocyl S.A. for an undisclosed amount. This strategic move aims to enhance Birla Carbon's presence in the battery materials segment, particularly those crucial for the operation of lithium-ion batteries. Through this acquisition, Birla Carbon gains access to a diverse range of Multi-Walled Carbon Nanotube (MWCNT) solutions. These nanotubes find applications in electric vehicle (EV) batteries, positioning Birla Carbon to play a significant role in the emerging nanotechnology industry. Nanocyl S.A., based in Belgium, specializes in the production of carbon nanotubes.

Major companies operating in the carbon nanomaterials market are Arkema S.A., Cabot Corporation, Showa Denko K.K., OCSiAl Group, Nanocyl S.A., Haydale Graphene Industries plc, Graphenea S.A., XG Sciences, Inc., Nanosys, Inc., NanoXplore Inc., Toray Industries, Inc., Mitsubishi Chemical Group Corporation, LG Chem Ltd., Saudi Basic Industries Corporation (SABIC), BASF SE, Evonik Industries AG, Tokyo Chemical Industry Co., Ltd. (TCI Chemicals), Merck KGaA, ZEON Corporation, Thomas Swan & Co. Ltd.

Asia-Pacific was the largest region in the carbon nanomaterials market in 2025. The regions covered in the carbon nanomaterials market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the carbon nanomaterials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The carbon nanomaterials market includes revenues earned by entities by providing services related to detection of hazardous compounds in food, pharmaceutical products, gene and drug delivery. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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