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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However, the major restraint of the market is the high cost of technology and complexity of the technology as compared to the present technology. Besides, the increased funding for nanotechnology is the future growth opportunity for the fullerene market across the globe.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Fullerene Market by Product
- C60
- C70
- Others
Global Fullerene Market by Application
- Pharmaceutical
- Electronics
- Aviation & Aerospace
- Energy
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- American Dye Source, Inc.
- Carbon Solutions Inc.
- Cheap Tubes Inc.
- Frontier Carbon Corp.
- FutureCarbon GmbH
- Hyperion Catalysis International Inc.
- Materials Technologies Research Ltd.
- Nano-C, Inc.
- Nanocyl SA
- Nanointegris Inc.
- Plasmachem GmbH
- Reade International Corp.
- Showa Denko K.K.
- Strem Chemicals, Inc.
- TCI Europe N.V.
- Nanotech Industrial Solutions
- IoLiTec Ionic Liquids Technologies GmbH
- SES Research Inc.
- Mitsubishi Chemical Holdings
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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