According to Stratistics MRC, the Global Nanofiber Market is accounted for $966.9 million in 2022 and is expected to reach $5400.20 million by 2028 growing at a CAGR of 33.2% during the forecast period.
A nanofiber is a fibre having a diameter less than one micrometre. These fibres increase filtration effectiveness while just slightly reducing permeability. One of the key drivers of the growth of the nanofiber market is the speed at which industrialization is occurring, as well as the increasing commercialization of nanofiber products with rising industrial applications, ongoing technological innovation initiatives, and rising R&D expenditures. Nanofibers are attractive materials for applications because of their extraordinarily high surface-area-to-volume ratio and porosity. They are increasingly employed in things like face masks, protective clothing, medical implants, water filtration, and medicine delivery systems.
Nanofibers are mostly employed in the pharmaceutical industry as medication delivery systems for treating various disorders. Nanofiber is the perfect medication carrier for getting the drug to the right place in the body because of its smaller size. Nanofibers are used in the medical sector for a variety of purposes, including face masks, artificial blood arteries, artificial organs, and drug and gene delivery systems. Nanofibers also help with blood clotting and the healing of joint lesions and traumas. Furthermore, the demand for nanofibers, which are utilised as tools for the delivery of medication systems to specific areas in the body, would be boosted by a rise in government investment and private sector spending on the treatment of various ailments.
By geography, North America is anticipated to hold the highest share during the forecast period. The world’s top medical and healthcare facilities are in the United States. One of the largest and most heavily invested in research and development industries in the US is the medical sector. It is anticipated that this will increase demand for nanofibers. Throughout the forecast period, the market for nanofibers is anticipated to be driven by expansion in a number of end-user industries.
Some of the key players profiled in the Nanofiber Market include CHUETSU PULP & PAPER CO. LTD, Japan Vilene Company Ltd, DuPont, Asahi Kasei Corporation, Elmarco S.R.O., Mempro Ltd., LIME, SAPPI LTD, TEIJIN LIMITED, TORAY INDUSTRIES INC., US Global Nanospace Inc., NANOVAL GmbH & Co. KG, PARDAM s.r.o., Donaldson Company Inc., Hollingsworth & Vose Company, IREMA-Filter GmbH, NIPPON PAPER INDUSTRIES CO. LTD, Revolution Fibers Ltd., ESpin Technologies Systems, Inc. Berkshire Hathaway Inc.
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By Product Type:
- Carbon Nanofiber
- Metal and Metal Oxide Nanofiber
- Ceramic Nanofiber
- Polymeric Nanofiber
- Carbohydrate-based Nanofiber
- Glass Nanofiber
- Composite Nanofiber
- Other Product types
- Force Spinning
- Magneto Spinning
- Rotary Jet Spinning
- Other Technologies
- Water and Air Filtration
- Automotive and Transportation
- Consumer Goods & textiles Market
- Healthcare & Life Sciences
- Energy Storage
- Industrial Air Filtration
- Chemicals & Environment
- Electronic Components
- Defense & Security
- Other Applications
By End User:
- Mechanical, Chemical & Environment (MCE)
- Medical, Life science, & Pharmaceutical (MLP)
- Other End users
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