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Global Fullerene Market Projected To Grow At A CAGR Of 12.1% Over 2016-2020

Global Fullerene Market Projected To Grow At A CAGR Of 12.1% Over 2016-2020

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Global Fullerene Market Projected To Grow At A CAGR Of 12.1% Over 2016-2020

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  1. Global Global Fullerene Fullerene Market Market Projected Projected To Over Over 2016-2020 To Grow Grow At At A A CAGR CAGR Of Of 12.1% 12.1% 2016-2020 Date: 2017-01-23 A fullerene is a molecule of carbon in the form of a hollow sphere, ellipsoid, tube, and many other shapes. Spherical fullerenes, also referred to as Buckminsterfullerenes (buckyballs), resemble the balls used in football (soccer). Fullerenes are a group of carbon molecules that are available in various forms such as ellipsoids, spheres, and hollow tubes. These nanoscale structures display unique thermal, conductive, and chemical characteristics by virtue of their physical structure and composition. The rising investment in nanotechnology-focused R&D projects to pursuit innovations in nanotechnology is the key driver to fuel the Fullerene market, as the nanotechnology are spearheaded by various private and state-funded institutes that seek novel applications in the fields of medicine, defense, and aeronautics. According to research, the global Fullerene market is projected to grow at a CAGR of 12.1% over 2016-2020. In terms of geography, the North America is leading the market, owing to the US federal budget of 2016 allocated more than $1.5 billion under the NNI to support innovation and R&D in the field of nanotechnology. This allocation takes the total cumulative investment of the state to $22 billion since 2001. Other federal agencies such as the NIH, NSF, DOE, DOD, and NIST also make large investments in the field of fullerenes and nanomaterial research. Region followed by Asia Pacific, thanks to the investments are being observed in China and Japan, where state-funded university research programs are making significant breakthroughs in exploring commercial applications for fullerenes. Global top Fullerene manufacturers are Arkema, Bayer Material Science, Mitsubishi, Nano-C, Nanocyl, Showa Denko, Sigma-Aldrich among others. Global Fullerene market share by region as following:

  2. Read Full Report: http://www.gosreports.com/global-fullerene-industry-2015-market-research-repor t/ http://www.gosreports.com/global-fullerene-market-research-report-2017/ Joanna | Executive – International Business and partner Relations E-mail: info@gosreports.com | Tel: 510-400-8520 Web: www.gosreports.com

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