Registering a CAGR of 6.1% over the forecast period of 2022-2027, the global fullerene market is anticipated to reach the market value of US$ 796.9 million in the year 2027 from US$ 512.4 million in the year 2022.
A fullerene is a molecule of carbon in the shape of a hollow sphere, tube, ellipsoid, and more. Spherical fullerenes which are also known as buckminsterfullerenes or buckyballs resemble the ball used in football. Cylindrical fullerenes are also known as carbon nanotubes or buckytubes. Graphite and fullerenes are similar in structure, as graphite is composed of stacked graphene sheets of linked hexagonal rings; unless they are cylindrical, they have to contain pentagonal rings. Because fullerenes have very low reorganization energy after electron transfer, they are widely used as an electron acceptor molecule in organic electronics. Fullerenes are the best acceptor component currently accessible due to their strong electron affinity and superior capacity to carry a charge. As a result, it is widely employed in photovoltaics.
Increasing industrial and consumer demand for new end-use applications of fullerenes is projected to be one of the primary drivers of this growth. On the basis of type, the fullerene market is segmented into buckminsterfullerene, carbon nanotubes, and nanocylinders. The nanotubes segment is likely to lead the fullerene market in terms of revenue share in 2022.
Top Key Players in the Fullerene Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Fullerene Market is fragmented with a large number of small players operating worldwide. The companies referred to in the market research report include VC60, Nano-C, Frontier Carbon Corporation, Solenne BV, MTR, BuckyUSA, EMFUTUR Technologies, MER Holdings, NeoTechProduct, Xiamen Funano, COCC, Suzhou Dade and others.
Industry Updates:
Fullerene Market is segmented based on the type, applications, companies and regions.
Market Volume (%) By Type, it is segmented into
Market Volume (%) By Applications it is segmented into
Asia Pacific is projected to hold the major share of the global market in 2017. China is predicted to be the world's largest single-country market for civil aircraft production during the next 20 years. The country currently has 3,549 general aviation aircraft in service. Furthermore, under a strategic cooperation agreement between the Civil Aviation Administration of China (CAAC) and Commercial Aircraft Corporation of China Ltd, it plans to produce more than 5,000 aircraft by 2020. (COMAC).CAAC also contributed USD 14.4 billion to the MIC2025 plan to construct Aero Engine Corporation of China (AECC), which will manufacture the CJ – 1000A turbofan jet engine that will power the C919. This is likely to increase demand in the country for semiconductors, thermally stable aerospace parts, and smart screens. Boeing's expansion of its manufacturing facilities in Japan has had a significant impact on aerospace part exports, and when combined with other international joint projects like the Boeing 777 and 787 aircraft, as well as the CF34, PW1100G-JM, and other aircraft engines, overall part exports have been increasing year over year.
All these factors greatly affect the Fullerene market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales value, sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,
The Fullerene Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Fullerene Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
The report includes in-depth assessment of the competitive landscape, product market sizing (Value and Volume), product benchmarking, market trends, product developments, financial analysis, strategic analysis and many more to measure the impact forces and potential opportunities of the market. As well as this the report also includes a study of major developments in the market like product launches, agreements, acquisitions, collaborations, mergers and many more to comprehend the prevailing market dynamics at current and its impact in the forecast period 2022-2027.
Report Attributes
| Report Details |
Forecast Period 2022 to 2027 CAGR (Value and Volume) |
CAGR of 6.1% during the review period (2022 to 2027). |
Market Volume (%) By Type(Revenue, USD Million, 2017 - 2022) |
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Market Volume (%) By Type(Revenue, USD Million, 2017 - 2022) |
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Quantitative units | Revenue in USD million/billion and CAGR from 2022 to 2027 |
By Companies | VC60, Nano-C, Frontier Carbon Corporation, Solenne BV, MTR, BuckyUSA, EMFUTUR Technologies, MER Holdings, NeoTechProduct, Xiamen Funano, COCC, Suzhou Dade |
Regions Covered |
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Countries Covered |
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Base Year
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2022 |
Historical Year
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2017 to 2021 |
Forecast Year
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2022 to 2027 |
Customization Available
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Yes, the report can be customized as per your needs |
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
What is the study period of this market?
The Fullerene Market is studied from 2017 - 2027.
What is the growth rate of Fullerene Market?
The Fullerene Market is growing at a CAGR of 6.1% over the next 5 years.
Who are the key players in Fullerene Market?
VC60, Nano-C, Frontier Carbon Corporation, Solenne BV, MTR, BuckyUSA, EMFUTUR Technologies, MER Holdings, NeoTechProduct, Xiamen Funano, COCC, Suzhou Dade
What region does this Fullerene Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Fullerene Market?
C60, C70, Others
What are the major end-use applications of Fullerene Market?
Cosmetics, Pharmaceutical, Semiconductor & Electronics, Renewable Energy, Others.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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