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Nanofibers Market to Reach Valuation of 5865.3 Million by 2028 - Technological Advancements in manufacturing techniques is driving the Market
In terms of revenue, the global nanofibers market is expected to reach 5865.3 Million by 2028, growing at a Compound Annual Growth Rate (CAGR) of 24.7% from 2022 to 2028. Higher adoption of low-cost polymers for producing nanocomposites coupled with the shifting consumer as well as product trends are factors projected to drive the market growth.
Key Findings:
Some of the key players in the nanofibers market include - 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
Major technological advancements in the field have resulted in new and innovative manufacturing methods, like force spinning, magneto spinning, phase separation, rotary jet spinning, and melt-blown technology. Some players in the market such as FibeRio, RevolutionFibres, Elmarco, Donaldson, Finetex EnE, Nanopareil, Sigma Aldrich, are focusing on their Research with heavy investments for developing new manufacturing technologies. Thus, technological advancement is a major factor promoting industry growth.
Asia Pacific is anticipated to have the fastest growth during the forecast period. The ongoing R&D activities and increasing nanoscale material use in the medical field are contributing to regional market growth. Europe is also expected to grow at a considerable CAGR during the forecast period. The main European markets such as Germany, the U.K., Italy, and France tend to have a high demand for polymer nanofibers in the field of biomedicine, nano-safety, energy storage, and agriculture.
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Nanofibers Market to Reach Valuation of 5865.3 Million by 2028 - Technological Advancements in manufacturing techniques is driving the Market
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