Global Nanofibers Market to Grow at 21.7% During 2024-2032, Fostered by Surging Demand for Face Masks

September 02, 2020 | Technology & Media

According to the latest report by IMARC Group, titled “Nanofibers Market Report by Product (Carbon Nanofibers, Ceramic Nanofibers, Composite Nanofibers, Glass Nanofibers, Metallic Nanofibers, Polymeric Nanofibers, and Others), Technology (Magneto Spinning, Electro Spinning, Force Spinning, Rotary Jet Spinning, and Others), Application (Electronics, Healthcare and Biotechnology, Aerospace and Defence, Automotive, Chemicals, Energy and Power, and Others), and Region 2024-2032,” the global nanofibers market reached a value of US$ 1,591.0 Million in 2023. 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.

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 21.7% during the forecast period (2024-2032).

Market Summary:

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.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Segment Coverage	Product, Technology, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
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Report Price and Purchase Option	Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899
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Global Nanofibers Market to Grow at 21.7% During 2024-2032, Fostered by Surging Demand for Face Masks

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