Fullerene Market Forecast to 2028

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.

Recent years have seen rapid developments in the information and communication technology sector, with the industry projected to grow substantially in revenue over the next five years. ICT industry technology advancements, increasing adoption of advanced and latest devices, an increasing number of consumers using these devices, and high internet penetration worldwide are expected to drive global market revenue growth throughout the forecast period. The global market is expected to grow as a result of factors such as a growing risk of data leakage, an increasing use of advanced technologies like artificial intelligence (AI), the Internet of Things, and cloud services to manage large amounts of data, as well as a growing investment in research and development activities for developing advanced devices and solutions.

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Some Key Highlights of the Report:

• 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.
• In June 2020, Nano-C, Inc. announced the expansion of its long-standing technology collaboration with Nantero, a nonvolatile random access memory developer, on next-generation high-density memory featuring DRAM-level efficiency and nonvolatility. This will extend on a long-standing technological partnership that has resulted in commercially available materials for memory applications.

The global Fullerene market report employs an extremely extensive and perceptive process that analyzes statistical data relating to services and products offered in the market. The research study is a pivotal document in understanding the needs and wants of the clients. The report is comprised of significant data about the leading companies and their marketing strategies. The Fullerene industry is witnessing an expansion and change of dynamics owing to the entry of several new players.

The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

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List of Key Players Mentioned in the Fullerene Market Research Report:

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

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The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market. 

Market Overview:

The report bifurcates the Fullerene market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

• Type Outlook (Revenue, USD Million; 2018–2028)

  • C60
  • C70
  • C76
  • Others

• Production Method Outlook (Revenue, USD Million; 2018–2028)

  • Arc Discharge Method
  • CVD/CCVD Process
  • Laser Ablation of Graphite
  • Others

• Shape Method Outlook (Revenue, USD Million; 2018–2028)

  • Nanotubes
  • Bucky Balls
  • Nano-rods

Regional Analysis Covers:

• North America (U.S., Canada)
• 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)

Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.

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