The global carbon nanotubes market is expected to grow at the CAGR of 21.3% during 2015-2022. The major factors driving the market are increasing demand of carbon nanotubes from end user industries and wide applications in various areas. These application areas include electronics & semiconductors, aerospace & defense, advanced materials, batteries & capacitors, chemical, energy etc. The government of developing countries such as China and India are taking continuous initiatives in order to promote nanotechnology. These initiatives are expected to result in growth of carbon nanotubes market in these economic regions.