Nanofiber Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Nanofibers Market Share and it is Segmented by Product Type (Carbon Nanofiber, Composite Nanofiber, Metal and Metal Oxide Nanofiber, Polymeric Nanofiber, Carbohydrate-based Nanofiber, and Ceramic Nanofibers), Application (Water and Air Filtration, Automotive and Transportation, Textiles, Medical, Electronics, Energy Storage, and Other Applications), and Geography (Asia-Pacific, North America, Europe, and Rest of the World). For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

Nanofiber Market Size

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Nanofiber Market - Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 15.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Low

Major Players

Nanofiber Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Nanofiber Market Analysis

The nanofiber market is expected to register a CAGR of more than 15% during the forecast period.

The COVID-19 pandemic has created instability in the nanofiber market across the globe. However, the market is growing steadily post-pandemic owing to surging demand for HVAC systems.

  • Over the long term, the major factor expected to drive the growth of the market studied is the increasing demand from the medical and pharmaceutical industries.
  • On the flip side, the difficulty in a shift of carbon nanofibers from lab scale to plant scale due to small size and complexity and the lack of sensitive instrumentation to calibrate properties of nanofibers is one of the major stumbling blocks in the growth of the market studied.
  • The increasing R&D and high-potential market for cellulosic nanofibers are likely to provide opportunities for the market studied during the forecast period.
  • Asia-Pacific dominates the market worldwide, and its demand for nanofibers is majorly driven by the increasing application and demand from industries such as electronics, energy, aerospace, healthcare, and defense.

Nanofiber Market Trends

This section covers the major market trends shaping the Nanofiber Market according to our research experts:

Water and Filtration Segment to Dominate the Market Demand

  • Electrospun nanofiber-based filter media possess a high ratio of surface/volume, low-pressure drop, good interconnectivity of voids, and controllable connectivity and morphology, rendering them desirable for excellent filtering. Owing to these factors, nanofibers are used in high-efficiency particulate air (HEPA) filters.
  • HEPA filters are used in industrial applications for keeping a designated environment free of particulate contaminants, such as a clean room. In most countries, HEPA filters need to meet stringent requirements.
  • The US Department of Energy (DOE) standards state that a HEPA filter needs to remove at least 99.97% of airborne particles, which are 0.3 µm in diameter, among other requirements.
  • The European standard has different classes of HEPA with specific requirements. The electrospun filter membrane is known for its high filtration efficiency and performance, which makes it potentially suitable for HEPA filters.
  • In the recent past, nanofibers synthesized from metal oxide semiconductors are being actively explored in numerous chemical and gas sensing applications, including in the detection of air quality, the inspection of toxic and inflammable gases, and the monitoring of the environment. These nanofibers are capable of detecting various reducing and oxidizing gases in a short period.
  • While the typical N95 masks are made using polypropylene fibers, several startups have been making face masks using electrospun nanofibers post the COVID-19 pandemic. Masks made using nanofibers capture aerosol droplets better while providing additional breathability.
  • Nanofibers are also used in the water treatment sector as the scaffold for TFC (thin-film composite) membranes in the pressure and osmotic membrane processes. Additionally, they are also used in the thermally-driven MD (membrane distillation) process for water treatment.
  • The growing water treatment industry in many countries including China, the United States, Kuwait, and Saudi Arabia is likely to propel the demand for nanofibers. According to the General Authority of Statistics, Saudi Arabia deployed 133 wastewater treatment plants in 2021, up 14.66 percent year-on-year. Nearly 419 million cubic meters of treated water were reused in 2021, an increase of 23.60 percent compared to 2020.
  • Additionally, in March 2022, Saudi Arabia announced over 60 water projects, worth SR 35 billion (USD 9.33 billion), that will secure the country's position as the world's largest water desalination market. Saudi Arabia has been increasing its investment in clean energy, power, and water.
  • In Japan, the usage of treated wastewater is also increasing day-by-day, In 2021, approximately 92.6 percent of the Japanese population was served by wastewater treatment systems, up from 92.1 in 2020.
  • Hence, all such market trends are expected to drive nanofibers' demand in water and filtration applications during the forecast period.
Nanofiber Market - Share of Population Served by Wastewater Treatment Systems, in %, Japan, 2017-2021

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific dominates the global market share. The increasing demand from industries like healthcare, aerospace and defense, energy, and automotive has been driving the market's growth.
  • The Chinese healthcare industry is the second-largest industry globally after the United States. China is expected to account for 25% of the global healthcare industry's revenue share by 2030. This is expected to increase the demand for nanofiber composites for drug delivery, tissue engineering, stem cell therapy, cancer therapy, and wound healing.
  • Additionally, China has one of the largest wound dressing markets in the Asia-Pacific region, which is expected to register a CAGR of 6.7% over the next five years. China has many domestic and international wound management companies involved in wound dressings, such as Chinamed and Exciton Technologies. Most of them are located around the country's major cities, such as Shanghai and Guangzhou.
  • The Chinese automotive industry is the largest in the world. According to the China Association of Automobile Manufacturers (CAAM), the automotive production stood at 2.59 million units in October 2022, up from 2.33 million units in October 2021.
  • Healthcare has become one of India's largest industries. healthcare spending as a percentage of GDP is growing rapidly, owing to the government's focus on improving healthcare. India is also one of the most famous destinations for medical tourism due to its cheap and quality healthcare, and it has also been experiencing high growth.
  • Additionally, the healthcare segment in India has also been growing and may boost the demand for the market studied in the country. The healthcare industry in the country is expected to reach USD 372 billion by 2022, mainly driven by increasing health awareness, access to insurance, rising income, and diseases. Additionally, The Indian government is planning to introduce a credit incentive programme worth Rs. 500 billion (USD 6.8 billion) to boost the country's healthcare infrastructure.
  • Owing to these prevailing market trends, the Asia-Pacific region is expected to dominate the global market.
Nanofibers Market - Nanofibers Market - Growth Rate by Region, 2022-2027

Nanofiber Industry Overview

The nanofiber market is partially fragmented, with numerous players holding an insignificant share of the market and affecting market dynamics individually. Some of the notable players in the market include eSpin Technologies Inc., Teijin Limited, Toray Industries Inc., Hollingsworth and Vose Company, and Nippon Paper Industries Co. Ltd, among others (not in any particular order).

Nanofiber Market Leaders

  1. eSpin Technologies Inc.

  2. Teijin Limited

  3. TORAY INDUSTRIES, INC.

  4. NIPPON PAPER INDUSTRIES CO., LTD.

  5. Hollingsworth & Vose Company

*Disclaimer: Major Players sorted in no particular order

Market Concentration - Nanofiber Market.png
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Nanofiber Market News

  • In April 2021, Teijin Limited developed a new technology to mass produce a new version of NANOFRONT nanofibers.
  • In January 2021, Pardam developed and started producing the world's first nanofiber FFP3 respirator. Pardam focuses on the research and development of nanofibers, their application, and, their use in the commercial sphere.

Nanofiber Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand from the Medical and Pharmaceutical Industries

      2. 4.1.2 Positive Impact in Demand for Face Masks and PPE Kits due to COVID-19

    2. 4.2 Restraints

      1. 4.2.1 Difficulty in Shift of Carbon Nanofibers from Lab Scale to Plant Scale due to Small Size and Complexity

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Technology Snapshot

    6. 4.6 Patent Analysis

  5. 5. MARKET SEGMENTATION (Market Size in Value)

    1. 5.1 Product Type

      1. 5.1.1 Carbon Nanofiber

      2. 5.1.2 Composite Nanofiber

      3. 5.1.3 Metal and Metal Oxide Nanofiber

      4. 5.1.4 Polymeric Nanofiber

      5. 5.1.5 Carbohydrate-based Nanofiber

      6. 5.1.6 Ceramic Nanofiber

    2. 5.2 Application

      1. 5.2.1 Water and Air Filtration

      2. 5.2.2 Automotive and Transportation

      3. 5.2.3 Textiles

      4. 5.2.4 Medical

      5. 5.2.5 Electronics

      6. 5.2.6 Energy Storage

      7. 5.2.7 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 Rest of the World

        1. 5.3.4.1 South America

        2. 5.3.4.2 Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers, Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share(%)**/ Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Applied Sciences Inc.

      2. 6.4.2 Argonide Corporation

      3. 6.4.3 Chuetsu Pulp & Paper Co. Ltd

      4. 6.4.4 Donaldson Company Inc.

      5. 6.4.5 DuPont

      6. 6.4.6 Esfil Tehno AS

      7. 6.4.7 eSpin Technologies Inc.

      8. 6.4.8 Hollingsworth & Vose Company

      9. 6.4.9 IREMA-Filter GmbH

      10. 6.4.10 Japan Vilene Company Ltd

      11. 6.4.11 LIME

      12. 6.4.12 Merck KgAA

      13. 6.4.13 Nanofiber Solutions

      14. 6.4.14 NanoLayr Limited

      15. 6.4.15 Nanoval GmbH & Co. KG

      16. 6.4.16 Nippon Paper Industries Co. Ltd

      17. 6.4.17 Pardam SRO

      18. 6.4.18 Sappi Ltd

      19. 6.4.19 SNC Fibers

      20. 6.4.20 Spur AS

      21. 6.4.21 Teijin Limited

      22. 6.4.22 Toray Industries Inc.

      23. 6.4.23 US Global Nanospace Inc.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing R&D and High-potential Market for Cellulosic Nanofibers

**Subject to Availability
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Nanofiber Industry Segmentation

Nanofibers are defined as fibers with diameters of less than 1000 nanometers. They can be produced by interfacial polymerization, electrospinning, and force spinning. The market is segmented by product type, end-user industry, and geography. By product type, the market is segmented into carbon nanofiber, composite nanofiber, metal, and metal oxide nanofiber, polymeric nanofiber, carbohydrate-based nanofiber, and ceramic nanofibers. By application, the market is segmented into water and air filtration, automotive and transportation, textiles, medical, electronics, energy storage, and other applications. The report also covers the size and forecasts for the nanofibers market in 11 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

Product Type
Carbon Nanofiber
Composite Nanofiber
Metal and Metal Oxide Nanofiber
Polymeric Nanofiber
Carbohydrate-based Nanofiber
Ceramic Nanofiber
Application
Water and Air Filtration
Automotive and Transportation
Textiles
Medical
Electronics
Energy Storage
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
Rest of the World
South America
Middle-East and Africa
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Nanofiber Market Research FAQs

The Nanofiber Market is projected to register a CAGR of greater than 15% during the forecast period (2024-2029)

eSpin Technologies Inc., Teijin Limited, TORAY INDUSTRIES, INC. , NIPPON PAPER INDUSTRIES CO., LTD. and Hollingsworth & Vose Company are the major companies operating in the Nanofiber Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia-Pacific accounts for the largest market share in Nanofiber Market.

The report covers the Nanofiber Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Nanofiber Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Nanofiber Industry Report

Statistics for the 2024 Nanofiber market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Nanofiber analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Nanofiber Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)