London, 20 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global fullerene market 2015-2019, which is expected to expand at a CAGR of 13.96% in terms of revenue and 28.10% in terms of volume during the period of 2014-2019.
Increased demand for novel materials that can significantly enhance their mechanical, conductive, and thermal properties in various end-uses pertaining to the automotive, aeronautical, and defense industries will lead to increased adoption of fullerenes.
“The use of fullerenes in medical and diagnostics applications is rapidly increasing and is driven by focused research of pharmaceutical majors,” says Faisal Ghaus, Vice President of Technavio.
“With increasing demand for novel treatments and drugs, the field of nanotechnology will gain increased attention with fullerenes, particularly single-walled carbon nanotubes and multi-walled carbon nanotubes, being evaluated for various new medical applications.”
Key Market Drivers
- State-sponsored R&D Projects Driving Innovation
- Gradual Decline in Average Selling Price Driving the Adoption Rate
- Emergence of Nanomedicine
- Increased Use of Nanocomposites in Defense Applications
Key Market Trends
- Widening Scope of Fullerene Usage in Biomedical Applications
- Scalability and Rise of Cost-effective Production Technologies
- Emergence of Inorganic Fullerenes
- Consolidation among Players and Change in Market Structure
Key Market Vendors
- Arkema
- Bayer MaterialScience
- Mitsubishi Chemical Holdings
- Nanocyl SA
- Nano-C
- Showa Denko K.K
- Sigma-Aldrich Corporation
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
