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Nanofibers market analysis and industry forecast to 2023 examined in new market research report

Materials & Chemicals Research

Nanofibers are those fibers which have a diameter range of 50-1000 nm. The primary usage of nanofibers is in textiles and pharmaceuticals.

The eco-friendly and bio-based nature of nanofibers is expected to drive the market growth during the forecasted period. In addition, consumer interest in recyclable products is anticipated to direct the nanofiber market towards profitable growth.

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The demand for nanofibers is expected to rise globally in the next four to five years, owing to various factors such as wide range of applications of nanotechnology, low cost of raw material, and shift towards achieving sustainable and eco-friendly products. However, high initial cost and less technical knowledge of these systems restrain the growth of the market.

Increased investment in R&D and new manufacturing techniques globally are expected to provide new opportunities to the market.

The nanofibers market is segmented based on technology, industry vertical, and geography. On the basis of technology, the market is categorized in magneto spinning, force spinning, rotary jet spinning, electro spinning, and others.

By industry vertical, it is classified into power, healthcare, textile, water & air treatment, chemicals, and others. Geographically, it is analyzed across North America (U.S., Mexico, and Canada), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, Taiwan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

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The major players profiled in the report include DuPont, Donaldson Company, Inc., ELMARCO, Abalolu Holding Inc., NanoTechLabs, Inc., KURARAY CO., LTD., Clearbridge NanoMedics Pte Ltd., Mitsubishi Chemical Corporation, eSpin Technologies, and ESFIL TEHNO AS.

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