Carbon-based nanomaterials have rapidly advanced over the last few decades. Fullerenes, carbon nanotubes, graphene and its derivatives, graphene oxide, nanodiamonds, and carbon-based quantum dots have been developed and intensively studied. Among them, fullerenes have attracted increasing research attention due to their unique chemical and physical properties, which have great potential in a wide range of applications. In this article, we offer a comprehensive review of recent progress in the synthesis and the chemical and physical properties of fullerenes and related composites. The review begins with the introduction of various methods for the synthesis of functionalized fullerenes. A discussion then follows on their chemical and physical properties. Thereafter, various intriguing applications, such as using carbon nanotubes as nanoreactors for fullerene chemical reactions, are highlighted. Finally, this review concludes with a summary of future research, major challenges to be met, and possible solutions.

This review presents an update on nanotube functionalization, including an investigation of their methods and applications. The review starts with the discussion of microscopy and spectroscopy investigations of functionalized carbon nanotubes (CNTs). The results of transmission electron microscopy and scanning tunnelling microscopy, X-ray photoelectron spectroscopy, infrared spectroscopy, Raman spectroscopy and resistivity measurements are summarized. The update on the methods of the functionalization of CNTs, such as covalent and non-covalent modification or the substitution of carbon atoms, is presented. The demonstrated applications of functionalized CNTs in nanoelectronics, composites, electrochemical energy storage, electrode materials, sensors and biomedicine are discussed.