Global Fullerene Market to Reach USD 802.2 Million by 2033, Propelled by Increasing Usage as Anti-inflammatory and Radical Scavenger

January 17, 2025 | Chemical & Materials

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According to the latest report by IMARC Group, titled “Fullerene Market Report by Product (C60, C70, C76, and Others), Shape (Bucky Balls, Nanotubes (Single-Wall and Multiple-Wall), Nano-Rods), Production Method (CVD/CCVD Process, Arc Discharge Method, Laser Ablation of Graphite, and Others), End Use Industry (Electrical and Electronics, Pharmaceuticals, Medical, Aerospace and Defense, Energy, and Others), and Region 2025-2033," the global fullerene market size reached USD 514.3 Million in 2024. Fullerene, or buckminsterfullerene, is a group of carbon allotropes that are cylindrical, ellipsoid, or spherical in structure and have a hollow core. They encompass varying molecules, including atoms that are usually connected by single and double bonds, and their structures are considered similar to graphite. These carbon allotropes are currently synthesized by the arc methodology from fullerene-containing soot. They can also be produced by vaporizing solid graphite disk samples or carbon in a high-density helium flow through laser ablation. Fullerenes are stable, ferromagnetic, soluble in organic solvents, and possess superconductivity properties. Additionally, they exhibit antimicrobial properties and are used to design X-ray imaging contrasts, photodynamic therapies, and drug delivery systems. Apart from this, fullerenes are further employed in the fabrication of carbon nanotubes or cosmetic products and suppression of Human Immunodeficiency Virus (HIV) replications.

Global Fullerene Market Trends:

The increasing prevalence of various chronic diseases, especially amongst the geriatric population, has prompted the healthcare sector to widely adopt fullerene as an anti-inflammatory and radical scavenger, which is primarily driving the market growth. In line with this, the extensive product utilization in the cosmetic industry to formulate various personal care products, owing to their multiple dermatological benefits, is acting as another growth-inducing factor. Such solutions assist in eradicating various skin-related issues, preventing breakouts, tightening pores, reducing redness, preventing melanin formation, and enhancing skin texture. Moreover, the growing need for renewable energy sources on account of rising environmental concerns has prompted the uptake of fullerenes derivatives in organic photovoltaic (PV) cells and shaping solar energy systems as electron acceptors and donors, thus, propelling the market growth. Additionally, the escalating demand for spherical-shaped and water-soluble derivatives from the electronics, automotive, aerospace, and defense industries is favoring the market growth. Apart from this, ongoing research and development (R&D) activities to identify diverse product usage are creating a positive outlook for the market. On account of the aforementioned factors, the market is anticipated to reach a value of USD 802.2 Million by 2033, growing at a CAGR of 4.81% during 2025-2033.

Market Summary:

Based on the product, the market has been segregated into C60, C70, C76, and others.
On the basis of the shape, the market has been segmented into bucky balls, nanotubes (single- and multiple-wall), and nano-rods.
Based on the production method, the market has been categorized into CVD/CCVD process, arc discharge method, laser ablation of graphite, and others.
On the basis of the end use industry, the market has been divided into electrical and electronics, pharmaceuticals, medical, aerospace and defense, energy, and others.
On a regional basis, the market has been segmented into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and Others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and Others), Latin America (Brazil, Mexico, and Others), and the 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 Technologies GmbH, Mitsubishi Chemical Holdings, MTR Ltd., Nano-C, SES Research Inc. and TermUSA.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Segment Coverage	Product, Shape, Production Method, End Use Industry, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	ApNano Meterials Inc. (Nanotech Industrial Solutions), BuckyUSA, IoLiTec - Ionic Liquid Tecgnologies GmbH, Mitsubishi Chemical Holdings, MTR Ltd., Nano-C, SES Research Inc. and TermUSA
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Fullerene Market to Reach USD 802.2 Million by 2033, Propelled by Increasing Usage as Anti-inflammatory and Radical Scavenger

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