According to the latest report by IMARC Group, titled “Nanofibers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global nanofibers market reached a value of US$ 983.6 Million in 2021. Nanofibers are solid-state linear nanomaterials synthesized using various techniques, including electrospinning, self-assembly, and phase separation. They offer excellent mechanical properties and abrasion resistance. As compared to conventional fibrous structures, they are lightweight with small diameters, controllable pore structures and a high surface-to-volume ratio. Consequently, they find extensive applications in filtration, sensors, protective clothing, functional materials, and energy storage worldwide.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Nanofibers Market Trends:
There is currently a rise in the utilization of nanofibers in the production of face masks around the world. This can be accredited to the increasing cases of coronavirus disease (COVID-19) and stringent government regulations on wearing these masks in public areas to prevent the spread of the pandemic. Apart from this, nanofibers are widely being employed in the healthcare industry to stimulate the production of cartilage in damaged joints and numerous tissue engineering applications. This, coupled with the rising use of nanofibers in drug delivery, stems cell therapy, cancer therapy, and wound healing, acts as another growth-inducing factor. Furthermore, leading players are continuously funding research and development (R&D) activities to develop innovative techniques for manufacturing nanofibers. These innovations assist in producing nanofibers with enhanced mechanical strength that find applicability in numerous sectors, such as aerospace, automotive, and defense. Moreover, a rapid increase in the demand for nanofibers for sustainable generation of electricity, air filtration in the paints and coatings industry, and manufacturing heat and water-resistant fabrics in the textile industry are creating a favorable market outlook. Looking forward, IMARC Group expects the market to expand at a CAGR of
25.79% during the forecast period (2022-2027).
- Based on the product, the market has been divided into carbon, ceramic, composite, glass, metallic, polymeric, and others.
- On the basis of the technology, the market has been segmented into magneto spinning, electro spinning, force spinning, rotary jet spinning, and others.
- Based on the application, the market has been divided into electronics, healthcare and biotechnology, aerospace and defence, automotive, chemicals, energy and power, and others.
- Region-wise, the market has been categorized into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
- The competitive landscape of the market has been examined, along with the profiles of the leading players operating in the market.
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