PUBLISHER: IMARC | PRODUCT CODE: 1541030
PUBLISHER: IMARC | PRODUCT CODE: 1541030
The global fullerene market size reached US$ 489.5 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 773.9 Million by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032.
Fullerenes are a class of carbon allotropes that have a hollow core and can have a varying molecular structure, resembling a cylindrical tube, sphere or cube through their bonds. They are commonly utilized in the production of polymer electronics, antioxidants, biocatalysts, skin creams and biopharmaceuticals. Some fullerenes also have anti-viral properties that suppress the replication of Human Immunodeficiency Virus (HIV) and delay the onset of diseases such as AIDS. In photodynamic therapy, they are used as a non-toxic and light-sensitive compound that can specifically target malignant or altered cells.
Healthcare and cosmetics are among the key industries driving the growth of the fullerene market. There is a growing demand for spherical shaped and water-soluble derivatives of fullerenes in these sectors. Fullerenes are added to cosmetic products to prevent skin damage, premature aging and rashes caused by exposure to artificial chemicals. In the healthcare and pharmaceutical sectors, the rising application of cancer imaging and therapy procedures is driving the demand for fullerenes. The distinct carbon structure of their polymers is proven to have extensive remedial properties in cancer treatment as well as for various other critical ailments. Additionally, the increasing adoption of solar energy systems is further boosting the market growth. Fullerenes and their derivatives can be used in organic photovoltaic (PV) cells as they act as electron acceptors and donor materials. Moreover, extensive applications across the electronics, automotive, aerospace and defense sectors, where fullerenes are used as an alternative to steel, are expected to drive the market further.
IMARC Group provides an analysis of the key trends in each segment of the global fullerene market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on product, shape, production method and end use industry.
C60
C70
C76
Others
Bucky Balls
Nanotubes (Single-Wall and Multiple-Wall)
Nano-Rods
CVD/CCVD Process
Arc Discharge Method
Laser Ablation of Graphite
Others
Electrical and Electronics
Pharmaceuticals
Medical
Aerospace and Defense
Energy
Others
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The competitive landscape of the industry has also been examined with 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.