The Global Nanofibers Market size is projected to grow from USD 1.4 billion in 2020 to USD 2.1 billion by 2028, at a CAGR of 5.6% during the forecast period (2021-2028). The growing demand for advanced and lightweight materials in end-user industries such as chemical & material, pharmaceuticals, and others has increased the usage of nanofiber materials for various applications across these sectors. In addition, the increasing adoption of nanofiber composites in the aerospace & defense industry is also driving the growth of the global nanofibers market.
Nanofibers are synthetic molecular strands that have a significant length-to-diameter ratio. They are usually from one to 100 nanometers in diameter and maybe up to 1000 micrometers long, with typical lengths of between 500 nm and 50 µm (in some cases much longer). The fibers' tiny size gives them properties that differ significantly from those of the corresponding bulk material; for example, their density may be lower than expected or they might have unusual optical or electrical properties. Some types of Nanofiber can dissolve when added to water while others can resist the corrosive effects of water.
On the basis of Type, the market is segmented into Metal-based, Ceramic-based, and Polymer-based. The metal-based nanofibers are the most prevalent type of nanofiber in use today because they have properties that other types do not possess such as electrical conductivity at room temperature.
Metal-based Nanofiber is a type of nanofiber in which metal such as copper, aluminum, gold, and silver are used. Metal-based nanofibers are a group of metal particles in a fiber form, which can be used as an excellent electromagnetic shielding material. The market for these fibers is expected to expand due to their use in electronic devices like laptops and mobile phones, where they block the radiation from Wi-Fi signals and microwave emissions that could damage circuitry or cause interference with onscreen images. Metal nanofiber mats provide extreme durability because they're made up of closely packed aluminum fibers embedded into a polymer matrix.
Ceramic-based nanofibers are the next generation of advanced fibers for use in a variety of applications. These sophisticated fibers can be used to replace metal, glass, and carbon fiber, while being more lightweight and cheaper to manufacture than these materials.
One example is NASA's new Next Generation Aerogel Thermal Protection System (NGATS), which uses ceramic as its primary material. In this system, an aerogel thermal protection lining is encased within several layers that protect it from exposure to high heat during re-entry into Earth’s atmosphere. Ceramic nanofibers offer excellent protection from heat and chemicals thanks to their high melting point and strength as well as resistance to thermal shock (the ability to withstand rapid temperature changes) than standard ceramic materials.
Polymer-based nanofibers are a type of polymer that is cut into very small fibers, which are less than 100nm in diameter. Polyester and polyethylene terephthalate (PET) fibers are the most common types of polymers used to create these nanofibers because they can be easily melted then reshaped into thin strands. These fibers have a high surface area per unit volume and will often contain metal oxide coatings for increased durability or adhesion properties.
Polymer-based nanofibers are used for a variety of applications. The highest demand is in the construction industry, but they are also used for medical purposes and as an additive to products such as paints or cosmetics. Polymer nanofibers have an advantage over traditional plastics due to their reduced weight which is beneficial in many industries such as aerospace where mass matters greatly when it comes time for fuel consumption and payload capacity.
On the basis of Application, the market is segmented into Chemical & Material, Pharmaceuticals, and Others.
Nanofibers can be used in the Chemical & Material industries for catalysts or additives that are able to withstand harsh environments. One example is polybenzimidazole fibers which have an acid resistance of up to pH 13; a temperature range from -196°C (-320°F) to 248°C (473°F); excellent mechanical strength; and high electrical conductivity. This material has been extensively studied for its potential application in corrosion-resistant coatings on steel structures where it manages oxidation well at extreme temperatures when other materials would fail under the same conditions due to increased carbon dioxide levels found near the Earth’s surface.
Possible usages in Chemical & Material may also include textile filters used by chemical manufacturers which need to be reliable under harsh operating conditions because they protect workers from being exposed when carrying out their jobs within the plant environment.
Nanofibers are finding their place in the pharmaceutical industry, largely as a result of improved manufacturing processes. Research and drug development continue to be enhanced with nanotechnology-based production methods such as nanoparticle encapsulation technologies that allow for more effective delivery of drugs inside cells or tissue. These techniques can reduce costs and toxicity by limiting side effects on healthy cells caused by the release of excess medication into the body.
Other applications include using fibers capable of transporting drugs directly to certain organs without accumulating in other tissues and improving absorption rates through novel formulations like oral suspensions (e.g., gel capsules).
Manufacturers use nanofibers as a reinforcement agent with materials such as concrete or clay bricks because they are stronger than steel at a fraction of the weight. The particles spread out when applied rather than clumping together like most fibers do so that there is no visible difference between reinforced structures and those without reinforcements once construction has been completed. They also have excellent adhesion properties meaning that no additional glue is required to bond them to the material they are being used on.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market is anticipated to hold the largest market share. The U.S., Canada, and Mexico are major contributors to this region’s growth owing to their high per capita incomes and growing demand for health care products.
The Latin American market is projected to witness a strong CAGR during the forecast period on account of improving economic conditions coupled with rapid urbanization which would result in an increased uptake of nanofibers across various consumer product applications such as food packaging materials and medical equipment among others.
Asia Pacific is expected to grow at a moderate pace over the next decade due mainly because China's GDP expansion has been slowing down for quite some time now so there won't be many contributions from that country; however, other emerging economies in the Asia Pacific is expected to offset the slowdown of China's economy.
Up Market Research published a new report titled “Nanofibers Market research report which is segmented by Types (Metal-based, Ceramic-based, Polymer-based), By Applications (Chemical & Material, Pharmaceuticals, Others), By Players/Companies DuPont, Donaldson Company, Inc., ELMARCO, Abalolu Holding Inc., NanoTechLabs, Inc., KURARAY CO., LTD., Clearbridge NanoMedics Pte Ltd., Mitsubishi Chemical Corporation, eSpin Technologies, ESFIL TEHNO AS”.
|Report Attributes||Report Details|
|Report Title||Nanofibers Market Research Report|
|By Type||Metal-based, Ceramic-based, Polymer-based|
|By Application||Chemical & Material, Pharmaceuticals, Others|
|By Companies||DuPont, Donaldson Company, Inc., ELMARCO, Abalolu Holding Inc., NanoTechLabs, Inc., KURARAY CO., LTD., Clearbridge NanoMedics Pte Ltd., Mitsubishi Chemical Corporation, eSpin Technologies, ESFIL TEHNO AS|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||244|
|Number of Tables & Figures||171|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Metal-based, Ceramic-based, Polymer-based and By Application Chemical & Material, Pharmaceuticals, Others.
Some of the companies that are profiled in this report are:
Nanofibers Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Nanofibers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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