Nanotubes are one‐dimensional tubular nanomaterial having a great length to diameter ratio. The substantial research interest of nanotubes for miscellaneous applications is triggered from their unusual and superlative properties. This article narrates the different types of nanotubes and their synthesis and applications. The techniques used to modify various nanotubes properties and thus its performances for various applications are also discussed. Nanotubes have been incorporated with a number of inorganic and organic materials and then used in diverse applications such as sensors, biomedical, energy storage, environmental, and engineering. The presence of tubular structure, large aspect ratio and surface area, porous nature, chemical inertness, and enhanced mechanical and thermal properties are the highlights of nanotubes for vast acceptance in broad range of applications.