According to the recent report by IMARC Group, titled, “<strong>Fullerene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025</strong>", the global fullerene market grew at a CAGR of around 6% during 2014-2019.
Fullerenes are allotropes of carbon with a hollow core and varying molecular structures, resembling a sphere, cylindrical tube, or cube through their bonds. They are commonly adopted in the development of polymer electronics, antioxidants, biocatalysts, skin creams, and biopharmaceuticals. Fullerenes are also used in anti-viral doses and photodynamic therapy to target malignant or altered cells.
<strong>Market Trends</strong>
The rising prevalence of AIDS has propelled the need for fullerene based on its anti-viral properties that mitigate the replication of Human Immunodeficiency Virus (HIV). Furthermore, the increasing utilization of fullerene in cosmetic products to prevent skin damage, premature aging, acne, and rashes caused by exposure to harmful chemicals, is also catalyzing the market growth. Moreover, the growing number of advanced solar power plants has increased the usage of fullerenes in organic photovoltaic (PV) cells as they act as electron acceptors and donor materials. Additionally, the rising adoption of fullerene and its derivatives as an alternative to steel across the automotive, defense, aerospace, and electronics sectors, will continue to drive the market growth in the coming years.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
<strong>Global Fullerene Market 2020-2025 Analysis and Segmentation:</strong>
<strong>Competitive Landscape:</strong>
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.
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<strong>The report has segmented the market on the basis of Product, Shape, Production Method, End User and Region.</strong>
<strong>Breakup by Product:</strong>
C60
C70
C76
Others
<strong>Breakup by Shape:</strong>
Bucky Balls
Nanotubes (Single-Wall and Multiple-Wall)
Nano-Rods
<strong>Breakup by Production Method:</strong>
CVD/CCVD Process
Arc Discharge Method
Laser Ablation of Graphite
Others
<strong>Breakup by End Use Industry:</strong>
Electrical and Electronics
Pharmaceuticals
Medical
Aerospace and Defense
Energy
Others
<strong>Breakup by Region:</strong>
North America
Asia Pacific
Europe
Latin America
Middle East and Africa
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