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Rising usage of functionalized fullerenes for cancer imaging and treatment and use of fullerenes in electronic batteries are some key factors driving market

VANCOUVER, BRITISH COLUMBIA, CANADA, January 31, 2023 /EINPresswire.com/ -- 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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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 Companies Profiled 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?

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Some Key Highlights from 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.

Market Segmentations of the Fullerene Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2021 and 2028. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Fullerene market on the basis of product, application, and region:

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

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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)

Key reasons to buy the Global Fullerene Market report:

The latest report comprehensively studies the global Fullerene market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.

The report offers an insightful analysis of the regional outlook of the market.

It offers a detailed account of the end-use applications of the products services offered by this industry.

The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

In conclusion, the Fullerene Market report is an exhaustive database that will help readers formulate lucrative strategies. The Fullerene Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.

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