Nanofibers Market Size, Share & Trends Analysis Report By Product (Polymer, Carbon, Composite, Cellulose, Metallic), By Application (Electronics, MCE, Energy, MLP), By Region, And Segment Forecasts, 2024 - 2030

Nanofibers Market Size, Share & Trends Analysis Report By Product (Polymer, Carbon, Composite, Cellulose, Metallic), By Application (Electronics, MCE, Energy, MLP), By Region, And Segment Forecasts, 2024 - 2030

Nanofibers Market Growth & Trends

The global nanofibers market size is expected to reach USD 4.78 billion by 2030, growing at a CAGR of 8.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Technological advancements in the field of nanomaterials, coupled with increasing demand for materials such as carbon, glass, ceramic, and polymeric in various end-use segments, are expected to drive growth over the forecast period. Surging demand for nanotechnology-enabled smart textiles, filtration, tissue engineering & regeneration, wound healing, drug delivery, and biosensors is expected to steer nanofibers market penetration in the medical sector over the next few years.

However, stringent guidelines and standards for manufacturing, handling, and sales of nanomaterials by international agencies such as ISO, NIST, and Nanomaterials Registry may hamper market growth. The nanofibers industry growth may further be restrained by regulations pertaining to the toxicity of metal and carbon-based nanoparticles.

Nanoscale polymer fibers dominated the global demand accounting for 46.8% of total market volume in 2023. Large-scale application of these materials in high-efficiency air filters coupled with increasing usage in medical devices and drug delivery systems especially in the mature economies can be attributed to high penetration.

Nanofibers Market Report Highlights

• The global nanofibers market size was valued at USD 2.38 billion in 2023 and is projected to grow at a CAGR of 8.8% from 2024 to 2030.
• Cellulose nanofibers are expected to register the fastest CAGR of 9.5% over the forecast period.
• Electronics segment is projected to grow at the fastest CAGR of 9.7% during the forecast period.
• Asia Pacific nanofibers market is anticipated to witness the fastest growth over the forecast period, registering a CAGR of 9.3%.

Please note The report will be delivered in 2-3 business days upon order notification.