The global nanofibers market is expected to grow at a CAGR of around 21% during forecast period (2019-2024). Nanofibers refer to fibers with a diameter less than 100 nanometers. They are synthetically produced and can be customized for various purposes. The diameters of nanofibers can vary and is determined by the kind of polymer used and the method of production. They can be fabricated using several techniques such as magneto spinning, electro spinning, force spinning, rotary jet spinning, etc. These fibers are characterized by their lightweight, flexibility, high porosity and mechanical strength. Additionally, they have controllable pore structures and higher surface-to-volume ratio as compared to the conventional microfibers.
The thriving healthcare industry across the globe is impelling the growth of the market. These fibers, coated with antibodies, are utilized to capture individual cancer cells that are present in the bloodstream and to stimulate the production of cartilage in damaged joints. They are also used in the manufacturing of surgical gowns and disposable face masks. The rising demand for biosensors, of which nanofibers form an integral part, in the healthcare industry, is also contributing to the market growth. Moreover, the textile industry extensively utilizes nanofibers for the production of heat and water-resistant fabrics. In addition to this, fabrics containing nanofibers help protect the skin from ultraviolet (UV) radiation, thereby reducing the chances of developing cancer. Additionally, the growing trend of using nanofibers for sustainable generation of electricity, along with use in the paints and coatings industry for air filtration, is further creating a positive outlook for the market.
IMARC Group’s latest report provides a deep insight into the global nanofibers market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the nanofibers market in any manner.
The report has also analysed the competitive landscape of the market along with the profiles of the key players.
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