The global fullerene market is anticipated to grow at a considerable CAGR of 8.2% during the forecast period. Fullerene has wide applications in electronics, energy, aircraft, and energy & defense sectors. It is increasingly adopted across the globe due to its properties possessed by it. Fullerene finds a wide application as the bonding between the atoms in the fullerene structure is very strong as compared to metal & exhibits extraordinary strength. It is also 5-6 times stronger than conventional metal such as steel. Such benefits of fullerene contribute to the growth of the market. The increasing demand from the energy sector is propelling the growth of the market. The fullerenes are the best acceptor component currently available due to their high electron affinity and superior ability to transport charge. Owing to fact, fullerenes are largely used in photovoltaics as a natural photovoltaic material which helps in in high energy collection.
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The global fullerene market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). North America is estimated to contribute a prominent share of the market. The regional growth of the market is attributed to the presence of the well-established pharmaceutical and aviation industry coupled with the increasing demand for fullerene from these industries.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Fullerene Market– Segmentation
By Product
- C60
- C70
- Others
By Application
- Pharmaceutical
- Electronics
- Energy
- Aviation & Aerospace
- Others
Global Fullerene Market by Region
North America
- US
- Canada
Europe
- Germany
- United Kingdom
France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global fullerene market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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