Carbon nanotubes (CNTs) have garnered significant interest in the field of nanotechnology owing to their unique structure and exceptional properties. These materials find applications across a diverse array of fields, including electronics, environmental science, energy, and biotechnology. CNTs serve as potent reinforcing agents in polymer composites; even minimal additions can significantly improve the mechanical, electrical, and thermal properties of polymers. With the growing demand for polymer composites across various industries, there is an anticipation for CNT/polymer composites to evolve in increasingly diverse directions. This paper reviews recent advancements in the manufacturing techniques of various CNT/polymer composites and discusses the enhancements in their mechanical, electrical, and thermal properties. Furthermore, it explores the potential applications of these composites.