The demand for products containing nanofibers is expected to grow at a compound annual growth rate (CAGR) of 32% for a period of 5-years from 2016 to 2021. Europe has become a prominent market for nanofibers, utilizing them to address the challenges in the sectors like agriculture, biomedicine, nano-safety, and energy storage. The contribution to this market of about 14% mainly comes from the U.K., Germany, Italy and France.
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 European 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 in the development of Nanofibers.
They are more expensive than the traditionally used materials.
The business potential of nanofibers is further enhanced by the fact that, unlike nanoparticles, nanofibers (with dimensions over 100 nm) are not regulated, even in the European Union. Furthermore, nanofibers also have the advantage of being potentially suitable for use in the food industry or for direct contact with food-materials.
The European 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 geography (U.K, Germany, Italy, France, Spain 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