Nanofiber Materials Market Size
According to the latest market research report, nanofibers market size was at USD 359.6 million in 2015 and is expected to grow at a CAGR of 22.30% during the period 2017-2021.
Nanofiber Materials Market Overview
Factors such as growing commercialization due to the growing end-user industrial applications, technological innovation, and continuous R&D investments are favoring the growth of nanofiber market. However, rigorous guidelines and high cost are some key factors limiting the market growth. The market of nanofiber in Asia-Pacific has been growing at a faster pace compared to other regions. China is the fastest growing nation in the Asia Pacific, followed by India and South Korea.
Carbon nanofibers (CNF) account for the largest share in the market, by product, and have been used in many forms, such as powder, nanospheres, nanotubes, nanofilms etc. for numbers of end-user applications, predominantly in automotive, aerospace for lightweight composite material, as filter media in relevant industries, and excellent material for healthcare applications. Commercialization of carbon nanofibers has started immensely, and will likely work as a strategic business expansion initiative due to the growing demand from the end-user industries. The use of CNF in many end-users is also driving the global nanofiber market.
Growth Opportunities, Challenges and Restraints - Nanofiber Materials Market
Healthcare & biomedical business is one of the major contributors to the growing demand of nanofibers globally. Methods such as drug delivery, wound healing, tissue engineering, and barrier textile employs the help of nanofibers on a wide scale in healthcare & biomedical application. In drug delivery application, nanofiber membrane from biopolymers is generally used as a bioactive material or drug carrier. Nanofiber layers created from biopolymers can also be applied as a wound dressing for significant care of the wound healing process. These materials also act as potential substrates for growing cells. Furthermore, nanofibers also serve as an effective barrier to microorganism penetration.
Based on the product, the polymer segment is expected to account for the significant market share during the projected period. Ease of access and low cost of a variety of natural and artificial polymers can be attributed to high demand. Versatile adaptability of these products with electrospinning technique is the major factor that improved its extensive scale agreement among the dominant producers.
Regional Existence of Nanofiber Materials Market
The market of nanofiber in Asia-Pacific has been growing at a faster pace compared to other regions. The growth in technology and an increase in investments in research & development with government support has made the market for nanofiber with its high usage in many applications. The market in China is increasing at a faster pace, followed by India and South Korea. In Asia-Pacific, the healthcare industry is increasing as the rollout of public health care programs coupled with growing consumer wealth for the healthcare spending. Thus, growing interest from various end-users is likely to be boosting the nanofiber business during the forecast period.
Prominent Companies in the Nanofiber Materials Market analyzed in the report are:
- eSpin Technologies Inc.
- Hollingsworth and Vose
- HemCon Medical Technologies Inc.
- Finetex Technology
- Clearbridge NanoMedics
- Catalyx Nanotech Inc.
- FibeRio Technology Corp.
- Met-Pro Corporation
- ESFIL Tehno AS
- NanoMas Technologies, Inc
- Johns Manville
- Japan Vilene Co. Ltd.
- Catalytic Materials LLC
- Argonide Corp.
- Ahlstrom Corp.
- Nanofiber Solutions
- Irema-Filter GmbH
- Donaldson Co. Inc.
This research report includes following segmentation for the Nanofiber Materials Market size and forecast 2021
Nanofiber Materials Market – By Product
Nanofiber Materials Market – By Application
- Air and Liquid filtration
Nanofiber Materials Market – By End User
- Defense and Security
- Health care and Biomedical
Nanofiber Materials Market- By Region
- North America
- United Kingdom
- South Korea
- Latin America
- Middle-East & Africa