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Nanofibers Market

Nanofibers Market

Nanofibers Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

175

Base Year:

2022

Date

Jan - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1204

Segments Covered
  • By Product By Product Polymer, Carbon, Cellulose, Composite, Metallic, Others
  • By Application By Application Electronics, Mechanical Chemical & Environment (MCE, Energy, Medical, Life Science, & Pharmaceutical (MLP), Others
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 1556.25 Million
Revenue 2030Revenue 2030: USD 8983.25 Million
Revenue CAGRRevenue CAGR (2023 - 2030): 24.50%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Nanofibers Market Share

Nanofibers Market: By Product, Application, and Region

Market Synopsis

Global Nanofibers market is valued at USD 1556.25 Million in 2022 and is projected to reach a value of USD 8983.25 Million by 2030 at a CAGR of 24.50% over the forecast period.

The increased adoption of low-cost polymers coupled with the shift in product and consumer trends are the key factors for the Nanofibers growth. The increased demand for nanofiber across industry verticals such as medical, electronics, energy, and others is another key factor for the market growth. In addition, the increased technological advancements and enhanced mechanical strength of nanofibers are some other major growth factors.

Nanofibers Market Size, 2022 To 2030 (USD Million)

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The increased research & developments (R&Ds) and high-potential market for cellulosic nanofibers are some key opportunities in the global Nanofibers market. Moreover, the increased demand for nanofibers across emerging nations such as India, China, Brazil, Indonesia, and others are presumed to contribute to the growth of the Nanofibers market over the upcoming years. However, the high toxicity of nanofibers for direct human consumption is one of the major restraints in the global Nanofibers market.

Market Segmentation:

Report Coverage & Deliverables

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Polymer Nanofibers had a major share in Nanofibers Market

In 2021, the polymer nanofibers category led the global Nanofibers market and had more than 30% of the market revenue share in the same year. The low cost of natural and synthetic polymers along with the ease of access are the major factors for category dominance. The versatile compatibility of polymer nanofibers with the electrospinning technique are estimated to boost the category growth in the years to come. Besides, Cellulose nanofibers are projected to witness the fastest growth over the forecast period. The rising preference for environment-friendly products has made manufacturers use sustainable strategies for their manufacturing techniques. This is expected to steer bio-based nanomaterial demand over the forecast period. The outstanding mechanical properties along with easy access to a wide range of plants is anticipated to play a major role in increasing the demand for micro-fibrillated cellulose during the projected period

Mechanical, Chemical & Environment (MCE) was the leader in the Nanofibers

The mechanical, chemical & environment (MCE) category dominated the Nanofibers market in 2021. The category accounted for more than 35% of the market revenue share in the same year. The category growth can be attributed to the filtration application due to the improved efficiency of nanofibers in aerosol and air filtration. The other major factor contributing to the category growth include catalyst applications in the chemical industry.

Besides, the electronics category is anticipated to emerge as the fastest-growing end-use category over the forecast period. This is primarily owing to the ease of fabrication and low operating costs; nanofibers have witnessed substantial prominence as a building block in electronic products. The increased use of electrospinning method for synthesizing polymer nanofibers along with the deployment of the electrospinning technique for the development of optically inert products with enhanced mechanical strength are other major factors for the growth of the electronics category during the forecast period.

Asia Pacific Nanofibers Market to Grow at the Fastest CAGR

North America had a significant share in the global Nanofibers market in 2021. The rising demand for sustainable and recyclable products along with the increased demand from end-use industries such as packaging, automotive, and electrical & electronics is expected to drive the regional market growth in the years to come. Moreover, the growing use of nanotech-enabled procedures across several biomedical applications, such as drug delivery, surgery, tissue engineering, and pharmaceuticals, is presumed to propel the demand for Nanofibers over the forecast period. However, Europe is estimated to witness lucrative growth in the global Nanofibers market over the forecast period. This is majorly due to increased demand for polymer Nanofibers in nano-safety, agriculture, biomedicine, and energy storage sectors across major European countries such as the U.K., Italy, Germany, and France.

Asia Pacific is presumed to witness the fastest growth in the global Nanofibers during the forecast period. The ongoing R&D investments and growing nanoscale material use across medical and electronics sectors are the major factors for regional fastest growth. Moreover, the increased government investments for the enhancement of healthcare facilities across emerging nations of Asia Pacific is further anticipated to enhance the market growth over the forecast period.

Competitive Landscape

The Nanofibers market is a fragmented market, where various players hold an insignificant share of the global market to affect the market dynamics individually. Some of the major players in the 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

The Nanofibers is Segmented as Follows:

Parameter Details
Segments Covered

By Product

  • Polymer
  • Carbon
  • Cellulose
  • Composite
  • Metallic
  • Others

By Application

  • Electronics
  • Mechanical Chemical & Environment (MCE
  • Energy
  • Medical, Life Science, & Pharmaceutical (MLP)
  • Others

By Region

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

Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • 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
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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FAQ
Frequently Asked Question
  • The global Nanofibers valued at USD 1556.25 Million in 2022 and is expected to reach USD 8983.25 Million in 2030 growing at a CAGR of 24.50%.

  • The prominent players in the 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.

  • The market is project to grow at a CAGR of 24.50% between 2023 and 2030.

  • The driving factors of the Nanofibers include

    • Increased adoption of low-cost polymers to drive the market growth

  • North America was the leading regional segment of the Nanofibers in 2022.