Nanofibers Market Scope
Nanofibers are fiber materials with diameter ranges from 3 nm to over 1 μm. Mostly produced by electrospinning technique, such fibers find its application across various industry verticals such as electronics, mechanical, medicals, chemical and energy among others. Various kinds of Nanofibers have different properties, and currently there is a growing focus on development of recyclable Nanofibers. With growing potential applications of Nanofibers in space construction, defense application and pollution control are expected to further propel the growth of the very market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Stellenbosch Nanofiber Company [South Africa], US Research Nanomaterials [United States], eSpin Technologies [United States], Engineered Fibers Technology [United States], BioPacific Partners [New Zealand], Revolution Fibres Ltd [New Zealand] and Nafigate [Czech Republic] |
CAGR | 12.0% |
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Nanofibers market throughout the predicted period.
Stellenbosch Nanofiber Company [South Africa], US Research Nanomaterials [United States], eSpin Technologies [United States], Engineered Fibers Technology [United States], BioPacific Partners [New Zealand], Revolution Fibres Ltd [New Zealand] and Nafigate [Czech Republic] are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Donaldson Company [United States], Finetex EnE [South Korea], FibeRio Technology [United States], Elmarco [Czech Republic] and Asahi Kasei [Japan].
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Nanofibers market by Type , by Application (Drug Delivery, Tissue Engineering, Cancer Diagnosis, Optical Sensors, Air Filtration and Others) and Region with country level break-up.
On the basis of geography, the market of Nanofibers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, New Zealand, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Czech Republic, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In November 2017,GE Healthcare has completed the acquisition of Puridify, a bioprocessing start-up that is developing a nanofiber-based platform purification technology for biopharmaceutical production.
In December 2023, Materic, a custom manufacturer of advanced materials in Baltimore, MD recently launched its latest product, BioPaper™. BioPaper is a nanofiber cell scaffold that is formed from biologically derived material, gelatin. Product development and manufacturing was done through electrospinning on the Elmarco NS LAB.
Influencing Trend:
Growing Application in Healthcare and Biomedical Engineering and Focus on recycling Nanofibers Materials
Market Growth Drivers:
Growing Use of Nano-fibers in End-user Industries Owing to Its Unique and Excellent Physical, Electrical and Mechanical Properties and Development of Advanced Nanofibers Production Techniques
Challenges:
Health and Safety Issues Related with Its Production
Restraints:
High Cost Involved in Production of Nanofibers at Large Scale and Fluctuating Raw Material Cost
Opportunities:
Growing Adoption of Nanofibers in Microelectromechanical Systems (MEMs), Development of New Fabrics by Military and Academia for Better Protection and Potential Use of Nanofibers as a Hydrogen Storage and Space Construction
Key Target Audience
Polymer Nanofiber Manufacturers, Traders and Distributors of Polymer Nanofiber, Research and Development Institutes, Potential Investors, Raw Material Suppliers, Nationalized Laboratory and Others