NEW
YORK, June 17, 2024 /PRNewswire/ -- The
global nanofiber market size is estimated to grow by
USD 11.53 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 33.85% during the forecast period. Growing demand
for renewable energy and sustainable products is driving market
growth, with a trend towards new product developments. However,
production challenges poses a challenge. Key market players include
Abalioglu Holding AS, Ahlstrom Holding 3 Oy, Asahi Kasei Corp.,
Berkshire Hathaway Inc., Donaldson Co. Inc., DuPont de Nemours
Inc., eSpin Technologies Inc., Freudenberg and Co. KG, Grupo
Antolin Irausa SA, Hollingsworth and Vose, Inovenso Inc.,
Mitsubishi Chemical Group Corp., Nanolayr Ltd., NanoTechLabs Inc.,
Nippon Paper Industries Co. Ltd., Oji Holdings Corp., Teijin Ltd.,
Toray Industries Inc., US Global Nanospace Inc., and Verdex
Technologies Inc..
![Technavio has announced its latest market research report titled Global nanofiber market 2024-2028 Technavio has announced its latest market research report titled Global nanofiber market 2024-2028](https://mma.prnewswire.com/media/2438924/TECHNAVIO.jpg)
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Product (Polymer,
Carbon, Glass, Ceramic, and Others), Application (Air and liquid
filtration, Energy, Electronics, Medical, and Others), and
Geography (APAC, North America, Europe, South America, and Middle
East and Africa)
|
Region
Covered
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Key companies
profiled
|
Abalioglu Holding AS,
Ahlstrom Holding 3 Oy, Asahi Kasei Corp., Berkshire Hathaway Inc.,
Donaldson Co. Inc., DuPont de Nemours Inc., eSpin Technologies
Inc., Freudenberg and Co. KG, Grupo Antolin Irausa SA,
Hollingsworth and Vose, Inovenso Inc., Mitsubishi Chemical Group
Corp., Nanolayr Ltd., NanoTechLabs Inc., Nippon Paper Industries
Co. Ltd., Oji Holdings Corp., Teijin Ltd., Toray Industries Inc.,
US Global Nanospace Inc., and Verdex Technologies Inc.
|
Key Market Trends Fueling Growth
The global nanofiber market experiences growth through new
product introductions by manufacturers, equipment suppliers, and
technology providers. Teijin Ltd.'s eco-friendly staple polyester
nanofiber launch in April 2022 is an
example, enhancing rubber products' performance in automotive
tires, hoses, and belts. Innovative strategies and successful new
product development contribute significantly to market
expansion.
The nanofiber market is experiencing significant growth due to
the increasing demand for lightweight, strong, and high-performance
materials. These fibers offer superior properties such as high
surface area, filtration efficiency, and biocompatibility.
The use of nanofibers in various industries including
healthcare, filtration, and composites is on the rise. Carbon
nanofibers, in particular, are gaining popularity due to their
excellent conductivity and strength. The use of these fibers in
lithium-ion batteries and fuel cells is expected to drive the
market forward. Additionally, the development of new manufacturing
techniques and the increasing investment in research and
development are expected to further boost the nanofiber
market.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The nanofiber market faces challenges in producing uniform
nanofibers using electrospinning due to the formation of defective
beads and pores. High polymer concentrations increase bead
formation, leading to various shapes. Research focuses on reducing
surface tension for bead-free nanofibers, linked to solvent
selection. Other issues include jet instability, needle blocking,
and high production costs, impacting market growth negatively.
- The nanofiber market is experiencing significant growth,
with various applications in sectors such as healthcare,
filtration, and electronics. However, challenges persist in the
production process, including high costs and complex manufacturing
techniques.
- Additionally, ensuring consistent quality and large-scale
production remain major hurdles. In the healthcare sector, the
integration of nanofibers into medical devices and
biocompatibility testing pose challenges. In filtration, the
development of cost-effective and efficient nanofiber membranes is
a key challenge. In electronics, the integration of nanofibers into
sensors and energy storage devices requires further research and
development. Overall, addressing these challenges will drive
innovation and growth in the nanofiber market.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
- Product
- 1.1 Polymer
- 1.2 Carbon
- 1.3 Glass
- 1.4 Ceramic
- 1.5 Others
- Application
- 2.1 Air and liquid filtration
- 2.2 Energy
- 2.3 Electronics
- 2.4 Medical
- 2.5 Others
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Polymer- Polymer nanofibers, with diameters
ranging from a few nanometers to over 100 nanometers, offer unique
properties due to their large surface area and small pore size.
Widely used in filtration systems, they are also gaining popularity
in the textile industry due to the rise of smart and technical
textile products. Research advancements, such as improved thermal
conductivity and antibacterial properties, further expand their
applications in various industries, fueling the growth of the
global nanofiber market.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The nanofiber market encompasses a wide range of applications in
various industries, including medical, automotive and
transportation, textiles, energy, and healthcare. In the medical
sector, nanofibers derived from polymers through the
electrospinning method have gained significant attention due to
their potential use in photonics, electronics, and light-emitting
sources for sensors. Carbon nanofibers and composite nanofibers are
commonly used in medical applications, such as in N95 masks, due to
their high filtration efficiency and mechanical strength.
Additionally, carbohydrate-based nanofibers and ceramic
nanofibers have emerged as promising materials for sensors and
energy applications. Metal oxide semiconductors are also used in
the production of nanofibers for various applications, including
sensors and energy storage. Overall, the nanofiber market is
expected to grow significantly due to the increasing demand for
advanced materials in various industries.
Market Research Overview
The nanofiber market encompasses the production and application
of nanofibers, which are ultra-thin fibers measuring between 1 and
100 nanometers in diameter. These fibers exhibit unique properties
such as high surface area, strength, and filtration efficiency,
making them suitable for various industries. Applications of
nanofibers span across filtration, sensors, composites, biomedical,
and energy storage sectors.
The market is driven by factors such as increasing demand for
lightweight and high-performance materials, growing awareness of
nanotechnology, and advancements in manufacturing technologies.
Companies are investing in research and development to expand the
applications and improve the production processes of nanofibers.
The market is expected to grow significantly in the coming years
due to its potential in various industries.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Polymer
- Carbon
- Glass
- Ceramic
- Others
- Application
-
- Air And Liquid Filtration
- Energy
- Electronics
- Medical
- Others
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio