Global 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. 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. This is how fullerenes can carry drug molecules throughout the body and deliver drugs to where they are required, as well as trap and eliminate hazardous chemicals.

However, concerns regarding environmental pollution due to toxic nano-compounds is a key factor expected to hamper market revenue growth to some extent during the forecast period. Besides, high cost of endohedral fullerenes will limit adoption, which in turn is expected to restrain revenue growth of the market.

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Competitive Terrain:

The global Fullerene industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

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

Research Report on the Fullerene Market Addresses the Following Key Questions:

• Who are the dominant players of the Fullerene market?
• Which regional market is anticipated to have a high growth rate over the projected period?
• What consumer trends and demands are expected to influence the operations of the market players in the Fullerene market?
• What are the key growth drivers and restraining factors of the Fullerene market?
• What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
• What is the overall impact of the COVID-19 pandemic on the Fullerene market and its key segments?

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 Landscape section of the Fullerene report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

• 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)

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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Fullerene market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

Key Points of the Geographical Analysis:

• Data and information related to the consumption rate in each region
• Estimated increase in the consumption rate
• Proposed growth of the market share of each region
• Geographical contribution to market revenue
• Expected growth rate of the regional markets

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