Fullerene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
The global fullerene market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 7% during the forecast period (2021-2026). Fullerenes are a class of carbon allotropes that have a hollow core and can have a varying molecular structure, resembling a cylindrical tube, sphere or cube through their bonds. They are commonly utilized in the production of polymer electronics, antioxidants, biocatalysts, skin creams and biopharmaceuticals. Some fullerenes also have anti-viral properties that suppress the replication of Human Immunodeficiency Virus (HIV) and delay the onset of diseases such as AIDS. In photodynamic therapy, they are used as a non-toxic and light-sensitive compound that can specifically target malignant or altered cells.
Healthcare and cosmetics are among the key industries driving the growth of the fullerene market. There is a growing demand for spherical shaped and water-soluble derivatives of fullerenes in these sectors. Fullerenes are added to cosmetic products to prevent skin damage, premature aging and rashes caused by exposure to artificial chemicals. In the healthcare and pharmaceutical sectors, the rising application of cancer imaging and therapy procedures is driving the demand for fullerenes. The distinct carbon structure of their polymers is proven to have extensive remedial properties in cancer treatment as well as for various other critical ailments. Additionally, the increasing adoption of solar energy systems is further boosting the market growth. Fullerenes and their derivatives can be used in organic photovoltaic (PV) cells as they act as electron acceptors and donor materials. Moreover, extensive applications across the electronics, automotive, aerospace and defense sectors, where fullerenes are used as an alternative to steel, are expected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global fullerene market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product, shape, production method and end use industry.
Breakup by Product:
Breakup by Shape:
Nanotubes (Single-Wall and Multiple-Wall)
Breakup by Production Method:
Arc Discharge Method
Laser Ablation of Graphite
Breakup by End Use Industry:
Electrical and Electronics
Aerospace and Defense
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined with some of the key players being ApNano Meterials Inc. (Nanotech Industrial Solutions), BuckyUSA, IoLiTec - Ionic Liquid Tecgnologies GmbH, Mitsubishi Chemical Holdings, MTR Ltd., Nano-C, , SES Research Inc. and TermUSA.
Key Questions Answered in This Report:
How has the global fullerene market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global fullerene market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the shape?
What is the breakup of the market based on the production method?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global fullerene market and who are the key players?
What is the degree of competition in the industry?
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