Global Nanofibers Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026

Global Nanofibers Market Overview :

“The global Nanofibers Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.

The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The nanofibers market report has been segmented on the basis of product type, end use, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Nanofibers are fibers with diameters less than 100 nanometers. Synthetic polymer nanofibers are made from acrylic, nylon, polysulfones, polycarbonate, and fluoropolymers, biological polymer nanofibers are made from materials such as polylactic acid, chitosan, polycaprolactam, and copolymer of glycolic acid, and carbon nanofibers are made by removing non-carbon elements from biopolymers and synthetic polymers at high temperatures in an inert environment.

On the basis of product type, polymer nanofibers are estimated to hold major revenue share in the global nanofibers market and is expected to maintain its dominance over the forecast period. Versatile compatibility of these products with electrospinning technique is expected to be a major factor that enhanced its adoption.

Furthermore, low cost of various natural and synthetic fiber and ease of access is expected to boost the market growth over the forecast period. Drug delivery systems, tissue engineering, water & air filtration, medical implant devices, and protective clothing are some of the applications that have contributed to significant penetration of polymer products in the nanofiber industry.

On the basis of end use, mechanical, chemical, and environmental (MCE) end use segment is estimated to hold major revenue share in global nanofibers market over the forecast period. Demand for nanofiber is estimated to grow in this segment owing to growing demand for filtration applications in various industries. Increase in chemical production is expected to fuel market growth over the forecast period.

North America market is estimated to hold significant revenue share in the global nanofibers market, in 2017 and is expected to maintain its dominance over the forecast period. Presence of large number of fiber manufacturers in the region is anticipated to fuel market growth over the forecast period. North America accounts for largest revenue share contribution of the target market, followed by markets in Asia Pacific, Europe, Latin America, and Middle East & Africa respectively.

Growing demand for recyclable and sustainable products in the US and Canada is anticipated to drive market growth in the next ten years. Furthermore, growing automotive, electrical & electronics, and packaging industries in the region is anticipated to drive market growth.

Market segmentation and key players operating in the global nanofibers market:

By product type:

• Polymer nanofibers
• Carbon nanofibers
• Glass nanofibers
• Ceramic nanofibers
• Composite nanofibers
• Others (cellulose nanofibers and metallic nanofibers)

By end use:

• Mechanical, Chemical, & Environment (MCE)
• Medical, Life science, & Pharmaceutical (MLP)
• Electronics
• Others (energy and textile)

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa