Nanofibers Market Is Expected to Grow with a CAGR of 24.7% From 2022 To 2028
The global Nanofibers Market accounted for 1,250.9 Million in 2021.
Nanofibers provide large surface areas & small pore sizes with enhanced physical, biological &chemical attributes. It is produced with the help of various chemicals such as antisolvent-induced polymer precipitation, electrostatic spinning, and interfacial polymerization. Nanofibers are majorly used in drug delivery applications. In addition, bioactive materials are derived from nanofiber membranes and are prevalently used as drug carriers. Thus, it has become a major factor that augments the growth of the nanofibers market in the coming years.
Recent technological advancements have led to new manufacturing techniques such as force spinning, rotary jet spinning magneto spinning, phase separation, and melt-blown technology. Thus, it increases the demand for the nanofibers market in the upcoming years. Electrospinning is the most used technique for the mass production of nanofiber products. Companies, such as fiber, RevolutionFibres, Finetex, Donaldson, Sigma Aldrich, EnE, Elmarco, and Nanopareil are making sizeable investments for R&D of new manufacturing technologies.
The influence of the COVID-19 pandemic has led to both headwinds and tailwinds, in the global nanofibers market. Moderate demand from the aerospace and automotive industries has negatively impacted the industry outlook in 2020. The use of nanofibers in the production of face masks has led to potential growth of the market. Researchers are using technology based on nanofibers to boost dust interception capability and filtration quality, which is also augmenting the growth of the nanofibers market in the coming years.
Asia Pacific is expected to witness the fastest growth during the forecast period. The increasing demand from industries like aerospace & defense, healthcare, energy, and automotive has augmented the growth of the nanofibers market in this region. In addition, this nanofibers technology is majorly used in tissue engineering, cancer therapy, wound healing, and stem cell therapy. This is also propelling the growth of the nanofibers market in the region.
Some of the prominent players operating in the global nanofibers market are - eSpin Technologies Inc., Teijin Limited, TORAY INDUSTRIES INC., Hollingsworth and Vose Company, NIPPON PAPER INDUSTRIES CO. LTD., FibeRio Technology Corporation, Ahlstrom Corporation, DuPont, Asahi Kasei, Donaldson Filtration Solutions, Elmarco, Johns Manville Corporation, Jiangxi Xian Cai Nanofibers Technology Co., Ltd., Johns Pyrograf Products, Inc. (PPI), Revolution Fibers, and MemPro
Browse the full Report - Nanofibers Market by Product (Polymer, Carbon, Cellulose, Composite), by Application (Electronics, Mechanical Chemical & Environment (MCE, Energy, Medical, Life Science, & Pharmaceutical (MLP)), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)