The Asia-Pacific accounted for the largest share of nanofiber production of 44%, surpassing North America, standing at 29%, and Europe, estimated at 24%. The Asia-Pacific takes the big lead of about 49% in nanofibers research; the contribution in the last 5 years has been particularly astonishing. This immense growth could be possible mainly due to the higher percentage of government funding allocation in the areas of sustainable energy and environment.
Nanofibers have become one of the greatest exploratory subjects for academics and have come across as the most popular source of business fascination for many industries. Many of today’s most successful companies and organizations have been realizing the importance of nanofibers. However, the market success is largely dependent on the application development suitable for the wider business community.
Market Dynamics of the Asia-Pacific Nanofibers Market:
The unique physical properties of nanofibers make them desirable compound in several industries and as a result, a lot of investment is being made on the development of nanofibers.
Nanofibers are more expensive than the traditionally used materials.
The nanofibers have the ability to change the properties of a wide spectrum of materials and even assist in the creation of totally new materials; of late they are finding application in almost every field. Presently, they are excessively used in air filtration as they are very effective in removing submicron particles, including viruses and bacteria. Their high filtration efficiency does not change over time, as in the case of electrically charged filters, while the energy consumption necessary for filtration is much lower than those commonly used filters. Nano filtration membranes can separate molecules from the size between 0.5 and 10 NM.
Nanofibers have a great high-filtration efficiency, which, fortunately, doesn’t alter with time, like in the case of electrically-charged filters. However, the energy consumption of nanofibers in accomplishing this task is much lower than that of the electrically-charged fibers.
The Asia-Pacific nanofiber market can be segmented based on their type (polymeric nanofibers, carbon nanofibers, ceramic nanofibers, glass nanofibers, composite nanofibers), by their end-users (medical, chemical, energy, electronics, healthcare, aerospace, composites, textiles and automotive), and by their geography (China, India, Japan and other countries).
The report offers insights into the recent developments, financials, and products& services offered by the major players of the industry in the region. Some of the key players are:
Key Deliverables in the Study: