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Carbon nanotubes (CNTs) are referred to as carbon nano-architecture allotropes, with wrapped graphene sheets forming a cylindrical structure. CNTs are either developed by metals or narrow-band semiconductors with rolling graphene sheets in various ways. Researchers have dedicated a great deal of attention to understanding the fascinating properties of CNTs over the years, and possess certain peculiar properties, such as a high degree of stiffness, a wide ratio of length to diameter, and remarkable toughness, and are employed in a number of applications. These properties can be enhanced by scheming the diameter, nature of walls, chirality, length of CNTs which is rolled up, and depending on the synthesis process. This chapter extensively covers the various properties of CNTs and how it influences to desired applications and also explains numerous methods of synthesis and processing of CNTs with advantages and some drawbacks.