The global nanofibers market is expected to reach USD 2.89
billion by 2024, according to a new report by Grand View Research, Inc.
Technological advancements in the field of nanomaterials, coupled with
increasing demand for materials such as carbon, glass, ceramic, and polymeric
in various end-use segments, are expected to drive growth over the forecast
period. Surging demand for nanotechnology-enabled smart textiles, filtration,
tissue engineering & regeneration, wound healing, drug delivery, and
biosensors is expected to steer nanofibers market penetration in the medical
sector over the next few years.
However, stringent guidelines and
standards for manufacturing, handling, and sales of nanomaterials by
international agencies such as ISO, NIST, and Nanomaterials Registry may hamper
market growth. The nanofibers industry growth may further be restrained by
regulations pertaining to the toxicity of metal and carbon-based
nanoparticles.
Nanoscale polymer fibers
dominated the global demand accounting for 49.2% of total market volume in 2015.
Large-scale application of these materials in high-efficiency air filters
coupled with increasing usage in medical devices and drug delivery systems
especially in the mature economies can be attributed to high penetration.
U.S. Nanofibers Market Revenue
By Product, 2014 - 2024 (USD Million)
Browse full research report on
Nanofibers Market
Further key findings from the
report suggest:
- The global
nanofibers market demand was 1,008 tons in 2015 and is expected to reach
8,886 tons by 2024, growing at a CAGR of 27.7% from 2016 to 2024
- The global
composite nanoscale materials accounted for 12.5% of the total nanofibers
market in 2015 and are anticipated to reach a net worth of USD 373.6
million by 2024. Increasing R&D investments to develop innovative
production technologies and adhere to the stringent regulatory framework
to steer segment growth.
- Cellulose
nanofibers are estimated to witness the fastest growth over the next eight
years. The segment demand in the U.S. is estimated to grow at a CAGR of
29.6% from 2016 to 2024.
- Electronics
segment is anticipated to emerge as fastest growing end-use segment and is
estimated to reach a net worth of USD 293.1 million by 2024
- Asia Pacific
is expected to emerge as the fastest growing regional market on account of
significant product demand in China, Japan, India, and other South-East
Asian countries. China nanofibers demand in the energy sector is
anticipated to reach 154.4 tons by 2024 at a CAGR of 28% from 2016 to
2024.
- Key industry
participants in the market include Donaldson, Elmarco, DuPont, Revolution
Fibres, FibeRio, Ahlstrom, Toray, Asahi Kasei, Johns Manville, Jiangxi
Xian Cai Nanofibers Technology, Johns Pyrograf Products, eSpin, and MemPro
About Grand View Research,
Inc:
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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