Nanofibers Market To Hit Value $2.89 Billion By 2024 |Grand View Research, Inc.



The global nanofibers market size is expected to reach USD 2.89 billion by 2024, expanding at a CAGR of 25.2%, according to a new report by Grand View Research, Inc. Technological advancements in the field of nanomaterials, coupled with increasing demand for materials such as carbon, glass, ceramic, and polymeric in various end-use segments, are expected to drive growth over the forecast period. Surging demand for nanotechnology-enabled smart textiles, filtration, tissue engineering & regeneration, wound healing, drug delivery, and biosensors is expected to steer nanofibers market penetration in the medical sector over the next few years.
However, stringent guidelines and standards for manufacturing, handling, and sales of nanomaterials by international agencies such as ISO, NIST, and Nanomaterials Registry may hamper market growth. The nanofibers industry growth may further be restrained by regulations pertaining to the toxicity of metal and carbon-based nanoparticles.
Nanoscale polymer fibers dominated the global demand accounting for 49.2% of total market volume in 2015. Large-scale application of these materials in high-efficiency air filters coupled with increasing usage in medical devices and drug delivery systems especially in the mature economies can be attributed to high penetration.
The market is highly fragmented with the presence of a number of small- and large-scale companies. Some of the key industry participants include FibeRio Technology Corporation, Toray Industries, Ahlstrom Corp., Revolution Fibres, Donaldson, Elmarco, and Johns Manville Corp. Major strategies adopted by key companies include capacity expansion and long-term strategic partnerships with end-user companies to enhance their industry position. DuPont; Asahi Kasei; Jiangxi Xian Cai Nanofibers Technology; Johns Pyrograf Products, Inc.; and MemPro are several other companies in the market.
To Request Sample Copy of this report, click the link:
https://www.grandviewresearch.com/industry-analysis/nanofibers-market/request/rs4
Polymeric nanofibers have a high demand owing to the requirement of inexpensive raw materials and the efficiency of electrospinning technology for mass production of these products. In addition, its mechanical properties and compatibility with biomedical devices have contributed to its significant penetration in Medical, Life Science, And Pharmaceutical (MLP) sectors.
Further key findings from the report suggest:
·         The global nanofibers market demand was 1,008 tons in 2015 and is expected to reach 8,886 tons by 2024, growing at a CAGR of 27.7% from 2016 to 2024
·         The global composite nanoscale materials accounted for 12.5% of the total market in 2015 and are anticipated to reach a net worth of USD 373.6 million by 2024. Increasing R&D investments to develop innovative production technologies and adhere to the stringent regulatory framework to steer segment growth.
·         Cellulose nanofibers are estimated to witness the fastest growth over the next eight years. The segment demand in the U.S. is estimated to grow at a CAGR of 29.6% from 2016 to 2024.
·         Electronics segment is anticipated to emerge as fastest growing end-use segment and is estimated to reach a net worth of USD 293.1 million by 2024
·         Asia Pacific is expected to emerge as the fastest growing regional market on account of significant product demand in China, Japan, India, and other South-East Asian countries. China nanofibers demand in the energy sector is anticipated to reach 154.4 tons by 2024 at a CAGR of 28% from 2016 to 2024.
·         Key industry participants in the market include Donaldson, Elmarco, DuPont, Revolution Fibres, FibeRio, Ahlstrom, Toray, Asahi Kasei, Johns Manville, Jiangxi Xian Cai Nanofibers Technology, Johns Pyrograf Products, eSpin, and MemPro
Recent advancements in technological aspects have led to new manufacturing techniques, such as magneto spinning, force spinning, rotary jet spinning, phase separation, and melt-blown technology. Electrospinning is the most widely used technique for mass production of the product. Companies, such as RevolutionFibres, FibeRio, Donaldson, Finetex EnE, Sigma Aldrich, Elmarco, and Nanopareil, are making heavy R&D investments for the development of new manufacturing technologies.
Thus, technological innovation is a significant factor that has steered industry growth. Its enhanced mechanical strength has increased its opportunities for companies in high-value sectors including aerospace, automotive, defense, solar energy, and fuel cells. Fabrication of a broad range of products from composite nanoscale fibers is expected to drive innovation in the industry and thus enhancing its penetration in automotive and textiles market
Browse Press Release of this report:
https://www.grandviewresearch.com/press-release/global-nanofibers-market

Polymer nanofibers emerged as the dominant product segment in 2016. Ease of access and low cost of various natural and synthetic polymers are some of the factors that resulted in high demand. Versatile compatibility of these products with electrospinning technique will boost its demand further.
Major applications, such as tissue engineering, drug delivery systems, medical implant devices, water & air filtration, and protective clothing, have contributed to significant penetration of polymer products in the industry. Carbon nanofibers segment accounted for over 17% of total market share in 2016. It is expected to register a CAGR of 24.8% over the forecast period.
Grand View Research has segmented the global nanofibers market on the basis of product, end-use:
Nanofibers Product Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2024)
·         Polymer
·         Carbon
·         Cellulose
·         Composite
·         Metallic
·         Others
Nanofibers End-Use Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2024)
·         Electronics
·         Mechanical, chemical, and environmental (MCE)
·         Energy
·         Medical, life science, and pharmaceutical (MLP)
·         Others
The product has applications in several end-use segments, such as electronics; Mechanical, Chemical, & Environmental (MCE); energy; and MLP. The MCE segment led the market in 2016 accounting for 38% of the overall revenue share. This growth can be attributed to the filtration application owing to the enhanced efficiency of nanofibers in air and aerosol filtration in the forecast period. The other factor contributing to the segment growth include catalyst applications in the chemical industry.
Electronics is anticipated to emerge as the fastest-growing end-use segment over the forecast period. This segment is estimated to reach a net worth exceeding USD 290 million by 2024. Owing to the ease of fabrication and low operating costs, nanofibers have witnessed significant prominence as a building block in electronic products.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.



Comments

Post a Comment

Popular posts from this blog

Foot Orthotic Insoles Market 2026: What Will Be Changes In Investment Ratio With Opportunity Analysis?? |Grand View Research, Inc.

Image
The global foot orthotic insoles market size is expected to reach USD 5.5 billion by 2026 , according to a new report by Grand View Research, Inc., exhibiting a 6.3% CAGR during the forecast period. Growing incidence of diabetes and plantar fasciitis are expected to drive the market over the forecast period. Moreover, rapid urbanization and increasing disposable income are anticipated to propel growth in future. Technological advancements, spurred by ongoing investments in R&D, are expected to increase growth potential in the coming years. Moreover, rise in geriatric population, which is susceptible to orthopedic disorders, is impelling product demand globally. For instance, in 2017 as per the U.S. Census Bureau, the number of people aged 65 or older increased by 1.6 million from 2014 to 2015. In addition, increasing incidence of sports injuries and rising prevalence of osteosarcoma in the region has led to the need for various orthotics devices, which is expected to drive ...
Read more

A Look into Smokehouse Industry……Deep Analysis…..

Image
The global smokehouse market size is anticipated to reach USD 157.2 million by 2025 , according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 2.2% during the forecast period. Rising need for a healthy lifestyle has led consumers to prefer griller or barbequed food over fried food and other kinds of fast food. This trend is expected to have a positive impact on the market growth. The home care & decor industry has been witnessing inconsistent growth, since the Covid 19 outbreak. As a result of the ongoing pandemic crisis, there has been a drop in the overall performance of discretionary products such as decorative fixtures, bedding products, to name a few. The virus outbreak has, however, led to substantial growth in categories such as cleaning and hygiene products. Prominent growth in the e-commerce business is also one of the positive influences of the outbreak, wherein companies are focusing on expanding their distribution ...
Read more

A Look into Shapewear Industry……Deep Analysis…..

Image
The global shapewear market size is expected to reach USD 3.80 billion by 2025 registering a CAGR of 7.7%, according to a new report by Grand View Research, Inc. The introduction of various products according to the type of garments is expected to support the market growth in the years to come. Growing target population across the globe is also augmenting the market growth. Changing lifestyle incurs increased investment in fitness and related accessories, which has positively impacted the market growth. The clothing, footwear, & accessories industry is anticipated to witness checkered growth throughout 2020, as a result of the unprecedented supply chain disruptions caused by the COVID-19 outbreak worldwide. The expected decline in the global sales of clothing, footwear, & accessories is attributable to massive supply chain disruptions across significant export markets, including China and India. However, the industry is likely to recover over the forecast timeframe,...
Read more