The global market for nanofibers is estimated to grow at a compound annual growth rate (CAGR) of 35% for a period of 5 years from 2016 to 2021. Nanofibers have become one of the most popular materials occupying the highest demand in many industries. The nanofibers have unique physical and mechanical properties and are hence, favored in many industries. The market success is largely dependent upon the application development, suitable for the wider business community.
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 and 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.
Market Dynamics of the Global 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.
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, which makes businesses choose nanofibers over anything else.
The global nanofiber market can be segmented based on their types (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 (North America, South America, Europe, Asia-Pacific and the Rest of the world). Some of the key players are:
Key Deliverables in the Study