November 25, 2019
According to the latest study titled ‘Global Fullerene Market: Analysis By Type (SWCNT, MWCNT, Bucky Balls, Nano Rods), Application (Plastics and Composites, Electronics and Semiconductors, Energy, Battery and Capacitor, Health and Personal Care), By Application, By Region, By Country (2018 Edition): Forecast to 2023 - By Region (North America, Europe, APAC, EMEA, ROW, By Country (U.S, Canada, Mexico, U.K, France, Germany, China, Japan, South Korea, Brazil)’ available with Market Study Report LLC, the global fullerene market is estimated to grow with a CAGR of 8.44% through the year 2023.
Fullerene, an allotrope of carbon, has atoms of carbon connected with bonds to form a closed or partly closed mesh, with combined rings of five to seven atoms. The product is known to have high electron acceptance, thermal stability, and is highly oxidative. Increasing demand from various applications, rise in economy, coupled with improved awareness regarding fullerene-based products are key factors driving the growth of fullerene market.
The study encompasses details about revenue shares for each segment, alongside the expansion strategies adopted by manufacturers. Thorough insight regarding challenges, drivers, trends, and restraints impacting the market growth is also given. The report analyzes the competitive landscape of fullerene market using SWOT analysis and Porter Five Force analysis methods.
Based on type, fullerene market is segmented into MWCNT, SWCNT, nano rods, and bucky balls. Fullerene market from MWCNT segment is presumed to expand significantly over the evaluation period, on account of its extensive use across energy and energy storage industry.
While speaking of application spectrum, the industry is divided into electronics & semiconductors, plastics & composites, energy, batteries & capacitors, and health & personal care.
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Considering the geographical landscape, the global fullerene market is bifurcated into four major regions including North America, APAC, Europe, Middle East & Africa, and the rest of the world. As per the report, APAC fullerene market registered the largest share in 2018, owing to growing application of fullerene in solar photovoltaics.
Some of the vendors that operate in fullerene market are Materials Technologies Research Ltd., Nano-C, Mitsubishi Corporation, Bucky USA, IoLiTec GmbH, SES Research, NanoMaterials Ltd., American Dye Source, Inc., Frontier Carbon Corporation, and MER Corporation.
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