The study further explores and provides an in-depth analysis of current market dynamics and recent trends, focusing on various key factors and potential growth opportunities and risks. The report focuses on leading regions and their major countries to anticipate market growth in the forecast years.
The global fullerene market size reached USD 487.9 Million in 2020 and is expected to register a revenue CAGR of 5.1% during the forecast period, according to latest analysis by Emergen Research. Rising use of functionalized fullerenes for cancer imaging and treatment and use in electronic batteries are factors projected to support market revenue growth between 2021 and 2028. In addition, increasing application of fullerenes in drug delivery and gene delivery will continue to boost revenue growth of the market going ahead. Many researchers prefer fullerenes because of several beneficial properties such as being very small and readily dispersed, having very excellent biocompatibility, and not losing the initial reactivity.
Fullerenes are nanomolecular carbon cages that can be used to deliver drugs and imaging agents. Fullerenes can work as drug delivery nanoparticles in a variety of ways. Whenever fullerenes are surface-functionalized, it can also have direct bioactivity, including antioxidant activity. Fullerenes are being utilized to carry drugs into the body, as lubricants, and as catalysts. These can function as hollow cages to catch other molecules.
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Key point summary of the report:
- The report offers a comprehensive overview of the Fullerenes market size, share, and growth rate in the forecast duration.
- It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
- The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
- It also offers regional analysis and forecast of Fullerenes market for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The complete regional analysis covers:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Competitive Landscape:
The latest report encases an in-depth summary of the intensely competitive landscape of the global Fullerene market, with systematic profiling of the companies operating across this industry. In this section of the report, experts have listed down the strategic initiatives undertaken by these market rivals for proposed business expansion. Additionally, it highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have also been assessed in the report through effective analytical tools like SWOT analysis.
Major companies in the market report include Mitsubishi Chemical Holdings Corporation, Nano-C, Inc., Merck KGaA, Nanocyl SA, Otto Chemie Pvt. Ltd., Tokyo Chemical Industry UK Ltd., MTR Ltd., Nanostructured Amorphous Materials, Inc., Sisco Research Laboratories Pvt. Ltd., and SES Research Inc.
Emergen Research has segmented global fullerene on the basis of type, production method, shape, end-use, and region:
Type Outlook (Revenue, USD Million, Volume, Tons; 2018–2028)
- C60
- C70
- C76
- Others
Production Method Outlook (Revenue, USD Million, Volume, Tons; 2018–2028)
- Arc Discharge Method
- CVD/CCVD Process
- Laser Ablation of Graphite
- Others
Shape Outlook (Revenue, USD Million, Volume, Tons; 2018–2028)
- Nanotubes
- Bucky Balls
- Nano-rods
End-use Outlook (Revenue, USD Million, Volume, Tons; 2018–2028)
- Aerospace Defense
- Electrical Electronics
- Healthcare
- Energy
- Others
Key Points of Fullerene Market:
- C70 segment is expected to register steady revenue CAGR during the forecast period as C70 fullerenes is widely used in natural photovoltaics and cancer preventive agents.
- Electrical electronics segment is expected to register a significantly robust revenue growth rate over the forecast period due to rising usage of fullerenes in electronics including diodes, transistors, photocells, and others.
- North America is expected to register substantial revenue growth rate in the global fullerene market over the forecast period due to robust presence of leading market players including Nanostructured Amorphous Materials, Inc., Nano-C, Inc., and SES Research Inc. are among others, in countries in the region.
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