Fullerenes Market: Introduction
Fullerenes are a group of carbon molecules found in forms such as ellipsoids, spheres, and hollow tubes. These nano-scale structures possess unique thermal, conductive, and chemical properities due to their physical structure and composition. Most of these fullerenes are produced using easily available substrates such as graphite, coal, and hydrocarbon fuels. Fullerenes are stable; however, they are not totally unreactive. They are sparingly soluble in many solvents. Common solvents for fullerenes include inorganic solvents such as toluene, xylene, and aniline. Fullerenes are available in different colors, such as solutions of pure buckminster-fullerene have dark purple in color and solutions of C70 are a reddish brown n color. Fullerenes ranging from C76 to C84 have a variety of colors, while other high fullerenes have structural isomers. The dimension, electronic structure, hydrophobicity, and three dimensional shape of fullerenes molecule makes them an attractive subject in the bio-medical applications. Fullerenes are extensively used for several biomedical applications including the design of high-performance MRI agents and genetic material delivery. The toxicity of these carbon nanoparticles is dose and time dependent. High production costs and decrease in bargaining power of suppliers is likely to restrain the fullerenes market.
Fullerenes Market: Segmentation Outlook
The global fullerenes market can be segmented based on shape, application, and region. In terms of shape, the market can be classified into buckyballs, carbon nanotubes, and nanorods. The carbon nanotubes segment is projected to expand at a rapid pace during the forecast period. Carbon nanotubes have properties such as high tensile strength, high electrical conductivity, high heat conductivity, and relative chemical inactivity. These factors propel the demand for fullerenes during the forecast period.
In terms of application, the fullerenes market can be classified into precursor to pharmaceuticals, solar cell, biomedical, agrochemical and others. The biomedical segment is projected to expand at a considerable pace during the forecast period. Increasing in awareness about health is anticipated to fuel the demand for biomedical applications such as design of high-performance MRI contrast agents, X-ray imaging contrast agents, photodynamic therapy and drug and gene delivery. Carbon nanotubes fullerenes reduce oxidative stress and help in retaining healthy skin by using their strong anti-oxidative properties. This, in turn, is expected to drive the demand for fullerenes during the forecast period.
According to a recent study, the photovoltaic performance can be influenced by fullerene stereomer, implies that the stereomeric effect should be envisioned and new fullerene derivative was designed as electron acceptor. Which is used in solar cells or panels for electronic applications.
Fullerenes Market: Regional Outlook
Based on region, the fullerenes market can be segmented into Asia Pacific, Europe, Latin America, North America, and Middle East & Africa. Asia Pacific is expected to remain a leading region for the global pharmaceutical & healthcare market during the forecast period. Increases in population is likely to boost the demand for medicines & hospitals in countries such as India and China. This is a major factor propelling the demand for fullerenes during the forecast period. The market in South Africa is estimated to expand at a sluggish pace as compared to that in other countries due to undeveloped economy and lack of technological advancement.
Fullerenes Market: Key Player
The global fullerenes market is fragmented. Large numbers of companies operate at a global and regional level. Major companies include Arkema, Bayer Material Science, Mitsubishi, Nano, Nanocyl, howa Denko, Alfa Aesar, Bucky, Emfutur Technologies, Mer Holdings, TDA Research, Tokyo Chemical Industry, and Research Nanomaterials. These companies invest in R&D activities to develop innovative products and gain a larger market share.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.