Nanofibers are extremely small fibers with diameters in the nanometer range, typically between 1 nm and 1 μm. They can be generated from various polymers, both natural and synthetic, and have unique physical properties such as a large surface area-to-volume ratio, high porosity, and significant mechanical strength.
Sizing and Forecast
The nanofibers market size has grown rapidly in recent years. It will grow from $1.72 billion in 2023 to $1.96 billion in 2024 at a compound annual growth rate (CAGR) of 13.5%. The growth in the historic period can be attributed to growing demand from pharmaceutical and medical industry, increased use of nanofibers in the electronics segment, new applications of nanofibers in agriculture.
The nanofibers market size is expected to see rapid growth in the next few years. It will grow to $3.04 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to increasing utilization in flexible and stretchable electronics,increasing potential use of nanofibers in food applications, increasing production of carbon nanofibers from biomass and biomass blends. Major trends in the forecast period include advance research and development and growing market for cellulosic nanofibers, product innovations, growing trend of recyclable packaging materials, collaborations, investments.
Order your report now for swift delivery, visit the link:
https://www.thebusinessresearchcompany.com/report/nanofibers-global-market-report
Segmentation & Regional Insights
The nanofibers market covered in this report is segmented –
1) By Product Type: Carbon Nanofiber, Ceramic Nanofibers, Composite Nanofiber, Polymeric Nanofiber, Carbohydrate Based Nanofiber, Metallic and Metal Oxides
2) By Technology: Magento spinning, Force Spinning, Rotary Jet Spinning, Other Technologies
3) By Application: Water and Air Filitration, Automotive and Transportation, Textiles, Medical, Electronics, Energy Storage, Other Applications
4) By End-User: Mechanical, Chemical and Environment, Medical, Life Science and Pharmaceutical, Electronics, Other End Users
North America was the largest region in the nanofibers market in 2023. The regions covered in the nanofibers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on a free sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13707&type=smp
Major Driver Impacting Market Growth
The growing demand for electronics is expected to propel the growth of the nanofibers market going forward. Electronics refers to the branch of physics and technology that deals with the study, design, and application of devices and systems involving the controlled flow of electrons or other charge carriers in semiconductors or conductors. Nanofibers are versatile in nature and are valuable in advancing electronic technologies, contributing to the development of smaller, more efficient, and multifunctional electronic devices. For instance, in June 2023, according to the Bureau of Economic Analysis, a US-based government agency, the electronic products manufacturing industry increased by 5.7 % in 2021 from 2020. Therefore, the growing demand for electronics drives the nanofibers market.
Key Industry Players
Major companies operating in the nanofibers market report are Espin Technologies Inc., Hollingsworth & Vose, Nippon Paper Industries Co. Ltd., Teijin Ltd., Toray Industries Inc., Argonide Corp., Chuetsu Pulp & Paper Co. Ltd., Donaldson Co. Inc., Lime, Spur A.S., Abalioglu Holding A.S., Acs Material, Asahi Kasei Corp., Inmed Llc., Nxtnano, Showa Denko K.K., Up Catalyst, Applied Sciences Inc, DuPont Esfil, Tehno ASAS, IREMA-Filter GmbH, Japan Vilene Company Ltd., Merck KGAA, Nanofiber Solutions, NanoLayr Limited, Nanoval GmbH & Co. KG, Pardam s.r.o, Sappi Ltd, SNC Fibers
The nanofibers market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
.
.
.
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
Explore the trending research reports from TBRC:
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
