Nanofiber Market Forecasts to 2028 – Global Analysis By Product Type (Carbon, Nanofiber, Metal and Metal Oxide Nanofiber, Ceramic Nanofiber, Polymeric Nanofiber, Carbohydrate-based Nanofiber, Glass Nanofiber, Composite Nanofiber, Others Products), Technol

Nanofiber Market Forecasts to 2028 – Global Analysis By Product Type (Carbon, Nanofiber, Metal and Metal Oxide Nanofiber, Ceramic Nanofiber, Polymeric Nanofiber, Carbohydrate-based Nanofiber, Glass Nanofiber, Composite Nanofiber, Others Products), Technology (Force Spinning, Magneto Spinning, Rotary Jet Spinning, Others Technologies), Application, End User and By GeographyAccording to Stratistics MRC, the Global Nanofiber Market is accounted for $966.9million in 2022 and is expected to reach $5400.20million by 2028 growing at a CAGR of 33.2% during the forecast period. A nanofiber is a fibre having a diameter less than one micrometre. These fibres increase filtration effectiveness while just slightly reducing permeability. One of the key drivers of the growth of the nanofiber market is the speed at which industrialization is occurring, as well as the increasing commercialization of nanofiber products with rising industrial applications, ongoing technological innovation initiatives, and rising R&D expenditures. Nanofibers are attractive materials for applications because of their extraordinarily high surface-area-to-volume ratio and porosity. They are increasingly employed in things like face masks, protective clothing, medical implants, water filtration, and medicine delivery systems.

According to Oxford Economics, the European automotive industry will remain sluggish in 2021, with a more than 10% fall in automobile manufacturers in the European Union and the UK in 2021 compared to 2019 levels. Boeing and Airbus are the only two aviation producers that employ carbon or polymeric nanofibers to produce aircraft parts. Boeing, a US-based aerospace company, delivered their lowest number of commercial jets in 2020, reaching 157 planes compared to the previous number of 380 in 2019. Airbus, another key player, made 566 retail jet deliveries in 2020 compared to 863 in 2019. The slowdown in demand has been primarily caused by transportation restrictions around the globe to curb the COVID-19 pandemic.

Market Dynamics:

Driver:

Growing Adoption from the Medical and Pharmaceutical Industries

Nanofibers are mostly employed in the pharmaceutical industry as medication delivery systems for treating various disorders. Nanofiber is the perfect medication carrier for getting the drug to the right place in the body because of its smaller size. Nanofibers are used in the medical sector for a variety of purposes, including face masks, artificial blood arteries, artificial organs, and drug and gene delivery systems. Nanofibers also help with blood clotting and the healing of joint lesions and traumas. Furthermore, the demand for nanofibers, which are utilised as tools for the delivery of medication systems to specific areas in the body, would be boosted by a rise in government investment and private sector spending on the treatment of various ailments.

Restraint:

Difficulty in Shift of Carbon Nanofibers

Carbon nanofibers are tough to transfer from the lab to the plant scale due to their small size and intricacy. Compared to industrial-scale production, the production of carbon nanofibers is relatively simple in the lab, but bulk productivity is always a major challenge due to the collection, downstream processes, and various other challenges associated with the production of nanofibers for the pharmaceutical industry. The pharmaceutical sector is not equipped to process nanofibers in large quantities because it is a time-consuming operation. Using organic solvents for scaled-up electrospinning can raise safety and environmental problems. Manufacturers nevertheless confront a major difficulty despite the fact that several electro spinning process parameters can be easily altered in plant-scale production.

Opportunity:

Advance Research and Development and Growing Market

The market for nanofibers may be favourably impacted by a number of active research and development initiatives in cellulosic nanofibers. In comparison to lead-acid batteries and lithium-ion batteries, Nippon Paper Industries Co. wants to make supercapacitors that can store and release energy with greater performance efficiency and less negative environmental effects. To do this, raw materials called cellulose nanofibers will be used, which are made by millimetre-scale refining wood pulp. At the moment, cellulose nanofibers are employed as food additives and in diapers. Supercapacitors, which can keep mass less electrons in an electric field, may offer an ideal opportunity to fulfil their full potential as electric vehicle use rises in both developed and developing nations. Conventional batteries, on the other hand, store energy in chemical form. Supercapacitors could produce brief yet powerful power bursts.

Threat:

Rising environmental concerns due to the toxicity of nano products

Nano pollution will result from the use of nanofibers. Nano pollution is the term used to describe the trash or byproducts created during the production of nanoscale materials and technology. These byproducts have the potential to harm the air and water systems if they are dumped in landfills. Many environmentalists are becoming more concerned about nano pollution as nanotechnology develops because it is still unclear what the effects of this pollution will be. Small-diameter nanoparticles can easily enter human cells and radically alter their chemical and DNA composition. Because of these risks, makers of nanofibers may face harsh regulatory action in the future, which might have an influence on the market's expansion during the forecast period.

Covid-19 Impact

Due to lockdowns, travel restrictions, and business closures imposed by the government, the COVID-19 has had a negative impact on economies and businesses in many different countries. One of the primary businesses experiencing significant disruptions is the chemical and materials sector. These disruptions include supply chain breakdowns, postponed technological events, and office closures. Additionally, a number of businesses have already foreseen potential delays in product deliveries and a decline in future sales of their goods. The activities in the chemical & materials sector, as well as numerous markets associated to it, are being hampered by these constraints in addition to the limited availability of working specialists and the decreased output levels as a result of social distance-related measures. While many nations are already returning to normal, others are dealing with the second wave of the epidemic.

The material segment is expected to be the largest during the forecast period

The nanofiber market is divided into categories based on material, including polymeric nanofiber, carbon nanofiber, ceramic nanofiber, glass nanofiber, and others. With the largest market share, the carbon nanofiber sector was the market leader. Carbon By removing non-carbon components from synthetic polymers and biopolymers at extremely high temperatures, nanofibers are created. Various metals are utilised as catalysts in the floating catalyst method of producing carbon nanofibers, whether they are in powdered or support form. Other catalysts that are employed in the production of nanofibers include foils, gauzes, wires, etc. Among other physical characteristics, carbon nanofibers have great discontinuity and compatibility and are also very strongly graphitic. They feature strong electrical and thermal conductivity together with outstanding mechanical characteristics. Thermoplastics, elastomers, thermosets, ceramics, and other materials are among the applications for carbon nanofibers.

The healthcare & sciences segment is expected to have the highest CAGR during
the forecast period

According to application, the nanofiber market is divided into industrial air filtration, military & security, consumer goods & textiles, electronic components, power & energy, healthcare & life sciences, chemical & environment, and others. The market was driven by the healthcare & life sciences segment, which had the highest CAGR. The medical and healthcare sectors are most suited for biodegradable materials utilised in nanofiber. Additionally, the use of additives enables these nanofibers to have several uses. They can be utilised in tissue engineering since their structure and size can be managed. Drug delivery, wound healing, tissue engineering, and barrier textiles are a few of the key uses of nanofibers in the biological sciences and pharmaceuticals sectors.

Region with highest share:

North America is anticipated to hold the highest share during the forecast period. The world's top medical and healthcare facilities are in the United States. One of the largest and most heavily invested in research and development industries in the US is the medical sector. It is anticipated that this will increase demand for nanofibers. Throughout the forecast period, the market for nanofibers is anticipated to be driven by expansion in a number of end-user industries.

Region with highest CAGR:

During the predicted period, the Asia-Pacific region experienced the largest CAGR increase. China is the largest economy in the Asia-Pacific area in terms of GDP. The investments are probably going to have a big impact on market demand expansion. China also has one of the largest solar energy demands worldwide. New technology was implemented in China. The predicted high yearly installation is expected to fuel demand for solar cells, which would further fuel the nation's nanofiber sector. After the United States, China has the second-largest healthcare sector worldwide. This is expected to increase demand for nanofiber composites used in tissue engineering, cancer therapy, cancer treatment, drug delivery, and wound healing.

Key players in the market

Some of the key players profiled in the Nanofiber Market include CHUETSU PULP & PAPER CO. LTD, Japan Vilene Company Ltd, DuPont, Asahi Kasei Corporation, Elmarco S.R.O., Mempro Ltd., LIME, SAPPI LTD, TEIJIN LIMITED, TORAY INDUSTRIES INC., US Global Nanospace Inc., NANOVAL GmbH & Co. KG, PARDAM s.r.o., Donaldson Company Inc., Hollingsworth & Vose Company, IREMA-Filter GmbH, NIPPON PAPER INDUSTRIES CO. LTD, Revolution Fibers Ltd., ESpin Tehnologies Systems, Inc. Berkshire Hathaway Inc.

Key Developments:

In April 2021, Teijin Limited developed a new technology to mass-produce a new version of NANOFRONT.

In February 2020, SPUR AS developed a special nano-material that meets the standards needed for the production of medical face masks effective for containing the coronavirus. This material has an exceptional virus filtration efficiency (70 – 95%) while the pressure drop is shallow (45 – 85 Pa).

In December 2020, Nippon Paper Industries Co. Ltd created the CELLENPIA product line using cellulose nanofiber (CNF) and intermediates

Product Type Covered:
• Carbon Nanofiber
• Metal and Metal Oxide Nanofiber
• Ceramic Nanofiber
• Polymeric Nanofiber
• Carbohydrate-based Nanofiber
• Glass Nanofiber
• Composite Nanofiber
• Other Product types

Technology Covered:
• Force Spinning
• Magneto Spinning
• Rotary Jet Spinning
• Other Technologies

Application Covered:
• Water and Air Filtration
• Automotive and Transportation
• Consumer Goods & textiles Market
• Healthcare & Life Sciences
• Electronics
• Energy Storage
• Industrial Air Filtration
• Chemicals & Environment
• Electronic Components
• Defense & Security
• Other Applications

End User Covered:
• Mechanical, Chemical & Environment (MCE)
• Electronics
• Energy
• Automotive
• Medical, Life science, & Pharmaceutical (MLP)
• Other End users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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