The Nanofibers Market is projected to reach USD 3.10 Billion by 2027, according to a new report by Reports and Data. Nanomaterial technological advances, coupled with high demand for inexpensive raw materials such as polymeric nanofibers in various end-use applications, are expected to drive growth over the forecast period. Increasing demand for smart textiles, filtration, tissue engineering & regeneration, wound healing, drug delivery, and biosensors enabled by nanotechnology is expected to steer nanofiber’s market penetration in the medical sector in the coming years. In emerging economies, increasing population and industrialization coupled with rapid urbanization and stringent environmental regulations applicable to various industries are likely to drive demand in the nanofibers market.
Top Players Covered in the Report Include:
Berkshire Hathaway Inc., Ahlstrom-Munksj, Argonide Corp., Clearbridge NanoMedics, DuPont, Esfil Tehno AS, FibeRio Technology Corp., Irema-Filter GmbH, Mitsubishi Rayon Co. Ltd, among others.
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The demand for nanofibers is expected to rise globally over the coming years due to various factors such as a wide range of nanotechnology applications, low raw material costs, and a shift toward achieving sustainable and environmentally friendly products. High initial costs and limited technological awareness of these devices, however, hold back market growth.
The COVID-19 impact:
The COVID-19 pandemic had a direct effect on the development rates of nanofibers, as all the industrial units were disrupted. Besides, the disruptions in existing supply chains force companies to build new supply chains that are more costly and time-consuming to satisfy the need for catalysts in different areas of the chemical industry. Although the use of nanofibers in the use of the medical sector is rising, and thus the demand is still high.
Further key findings from the report suggest
- The healthcare and biomedical industries are the most significant contributors to the growing global demand for nanofibers.
- Due to the rising demand for Nanofibers in the energy generation industry, the energy generation application segment is projected to grow to mitigate maintenance losses.
- Applications like delivery of drugs, wound healing, tissue engineering, and textile barriers employ nanofibers services on an extensive scale in the healthcare and biomedical industries. Nanofibers membrane made from biopolymers is widely used as a bioactive material or drug carrier in drug delivery applications.
- The growing R&D and high-potential demand for cellulosic nanofibers are likely to give opportunities to the market in the forecasted period.
- The leading players aim to strengthen their product portfolio through strategic mergers and acquisitions of small and medium-sized enterprises. So an intense rivalry among players is expected in the coming years.
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For the purpose of this report, Reports and Data has segmented into the Global Nanofibers market on the basis of product type, technology, application, and region
Product Type Outlook (Revenue, USD Billion; 2017-2027)
Technology Outlook (Revenue, USD Billion; 2017-2027)
- Force Spinning
- Magneto spinning
- Rotatory Jet Spinning
- Electro Spinning
Application Outlook (Revenue, USD Billion; 2017-2027)
- Air and Water
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Regional Outlook (Revenue: USD Billion; 2017-2027)
- North America
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
Also, the customizations are available for this report and can be availed by the purchaser. The customizations can be made on the basis of the selected regions or participants.
Table of contents
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Nanofibers Market Segmentation & Impact Analysis
4.1. Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
220.127.116.11. Increasing market for the filtration technology
18.104.22.168. Increased use of nanofibers in the Textile industry
22.214.171.124. Technological advancements in the industrial sector
126.96.36.199. Demand for Nanofibers in developing countries
188.8.131.52. Rising demand in the healthcare sector.
4.2.3. Market restraints analysis
184.108.40.206. Difficult shifting carbon nanofibers to plant scale from lab scale because of it’s complexity and small size.
220.127.116.11. Labor crisis in the COVID-19 pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Customer Mapping
Chapter 5. Nanofibers Market By Product Type Insights & Trends
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