- Fullerenes, a class of carbon allotropes with unique molecular structures, are gaining prominence in industries due to their exceptional properties, including high thermal stability, electron mobility, and versatility in applications ranging from drug delivery to energy storage
- The surge in demand for fullerenes is driven by advancements in nanotechnology, increasing use in high-performance electronics, and growing interest in their biomedical applications, particularly in drug delivery and cancer treatment
- Asia-Pacific dominated the fullerene market with the largest revenue share of 42.5% in 2024, attributed to robust manufacturing capabilities, significant R&D investments in nanotechnology, and a strong presence of key industry players in countries such as China, Japan, and South Korea
- North America is expected to be the fastest-growing region during the forecast period due to increasing adoption of fullerenes in medical research, aerospace innovations, and renewable energy applications, supported by high R&D spending and technological advancements
- The C60 segment dominated the largest market revenue share of 45.2% in 2024, driven by its widespread use in cosmetics, pharmaceuticals, and semiconductors due to its exceptional stability and antioxidant properties. Its increasing application in electric vehicle battery manufacturing is further boosting demand
