Fullerenes Market: Introduction
Fullerenesare a group of carbon molecules found in forms such as ellipsoids, spheres, andhollow tubes. These nano-scale structures possess unique thermal, conductive,and chemical properities due to their physical structure and composition. Mostof these fullerenes are produced using easily available substrates such asgraphite, coal, and hydrocarbon fuels. Fullerenes are stable; however, they arenot 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 assolutions of pure buckminster-fullerene have dark purple in color and solutionsof C70 are a reddishbrown n color. Fullerenes ranging from C76 to C84 have a varietyof colors, while other high fullerenes have structural isomers. Thedimension, electronic structure, hydrophobicity, and three dimensional shape offullerenes molecule makes them an attractive subject in the bio-medicalapplications. Fullerenes are extensively used for several biomedicalapplications including the design of high-performance MRI agents andgenetic material delivery. The toxicity of these carbon nanoparticles is doseand time dependent. High production costs and decrease in bargaining power ofsuppliers is likely to restrain the fullerenesmarket.
Fullerenes Market: Segmentation Outlook
The globalfullerenes market can be segmented based on shape, application, and region. Interms of shape, the market can be classified into buckyballs, carbon nanotubes,and nanorods. The carbon nanotubes segment is projected to expand at a rapidpace during the forecast period. Carbon nanotubes have properties such ashigh tensile strength, high electrical conductivity, high heatconductivity, and relative chemical inactivity. These factors propel thedemand for fullerenes during the forecast period.
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In termsof application, the fullerenes market can be classified into precursor topharmaceuticals, solar cell, biomedical, agrochemical and others. Thebiomedical segment is projected to expand at a considerable pace during theforecast period. Increasing in awareness about health is anticipated to fuelthe demand for biomedical applications such as design of high-performanceMRI contrast agents, X-ray imaging contrast agents, photodynamictherapy and drug and gene delivery. Carbon nanotubes fullerenes reduceoxidative stress and help in retaining healthy skin by using their stronganti-oxidative properties. This, in turn, is expected to drive the demand forfullerenes during the forecast period.
Accordingto a recent study, the photovoltaic performance can be influenced by fullerenestereomer, implies that the stereomeric effect should be envisioned and newfullerene derivative was designed as electron acceptor. Which is used in solarcells or panels for electronic applications.
Fullerenes Market: Regional Outlook
Based onregion, the fullerenes market can be segmented into Asia Pacific, Europe, LatinAmerica, North America, and Middle East & Africa. Asia Pacific is expectedto remain a leading region for the global pharmaceutical & healthcaremarket during the forecast period. Increases in population is likely to boostthe demand for medicines & hospitals in countries such as India and China.This is a major factor propelling the demand for fullerenes during the forecastperiod. The market in South Africa is estimated to expand at a sluggish pace ascompared to that in other countries due to undeveloped economy and lack oftechnological advancement.
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Fullerenes Market: Key Player
The globalfullerenes market is fragmented. Large numbers of companies operate at a globaland 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 ResearchNanomaterials. These companies invest in R&D activities to develop innovativeproducts and gain a larger market share.
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