The latest report from the IMARC group, titled “Fullerene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, the global fullerene market is expected to grow at a CAGR of around 7% during (2021-2026).
Fullerenes are allotropes of carbon with a hollow core and varying molecular structures, resembling a sphere, cylindrical tube or cube in their bonds. They are commonly adopted in the development of polymer electronics, antioxidants, biocatalysts, skin creams and biopharmaceuticals. Fullerenes are also used in antiviral doses and in photodynamic therapy to target malignant or damaged cells.
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The increasing prevalence of AIDS has propelled the need for fullerene due to its antiviral properties which attenuate the replication of human immunodeficiency virus (HIV). Additionally, the increasing use of fullerene in cosmetic products to prevent skin damage, premature aging, acne, and rashes caused by exposure to harmful chemicals is also catalyzing the growth of the market. Additionally, the growing number of advanced solar power plants has increased the use of fullerenes in organic photovoltaic (PV) cells as they act as electron acceptors and donor materials. Moreover, increasing adoption of fullerene and its derivatives as an alternative to steel in automotive, defense, aerospace and electronics sectors will continue to drive the market growth in the years. coming.
The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.
Some of the major players are ApNano Meterials Inc. (Nanotech Industrial Solutions), BuckyUSA, IoLiTec – Ionic Liquid Tecgnologies GmbH, Mitsubishi Chemical Holdings, MTR Ltd., Nano-C, SES Research Inc., and TermUSA.
2021-2026 Global Fullerene Market Analysis and Segmentation:
The report has segmented the market based on product, form, production method, end user, and region.
Breakdown by product:
Breakdown by form:
Nanotubes (single-walled and multi-walled)
Breakdown by production method:
Arc discharge method
Laser ablation of graphite
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Breakdown by end-use industry:
Electrical and Electronic
Aeronautics and Defense
Breakdown by region:
Middle East and Africa
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