Nanofibers Market Is Projected To Reach $2.89 Billion By 2024: Grand View Research, Inc.
The global nanofibers market is expected to reach USD 2.89
billion by 2024, 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 49.2% of total market volume in 2015. 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.
Access
Full Research Report by Grand View Research: http://www.grandviewresearch.com/industry-analysis/nanofibers-market
Further
key findings from the study suggest:
- The global nanofibers market demand was 1,008
tons in 2015 and is expected to reach 8,886 tons by 2024, growing at a
CAGR of 27.7% from 2016 to 2024
- The global composite nanoscale materials
accounted for 12.5% of the total nanofibers market in 2015 and are
anticipated to reach a net worth of USD 373.6 million by 2024. Increasing
R&D investments to develop innovative production technologies and
adhere to the stringent regulatory framework to steer segment growth.
- Cellulose nanofibers are estimated to witness the
fastest growth over the next eight years. The segment demand in the U.S.
is estimated to grow at a CAGR of 29.6% from 2016 to 2024.
- Electronics segment is anticipated to emerge as
fastest growing end-use segment and is estimated to reach a net worth of
USD 293.1 million by 2024
- Asia Pacific is expected to emerge as the fastest
growing regional market on account of significant product demand in China,
Japan, India, and other South-East Asian countries. China nanofibers
demand in the energy sector is anticipated to reach 154.4 tons by 2024 at
a CAGR of 28% from 2016 to 2024.
- Key industry participants in the market include
Donaldson, Elmarco, DuPont, Revolution Fibres, FibeRio, Ahlstrom, Toray,
Asahi Kasei, Johns Manville, Jiangxi Xian Cai Nanofibers Technology, Johns
Pyrograf Products, eSpin, and MemPro
Browse more reports of this category
by Grand View Research: http://www.grandviewresearch.com/industry/nanoparticles
Grand View Research has segmented the nanofibers market on
the basis of product, end-use, and region:
Global Nanofibers Product Outlook (Volume, Tons; Revenue, USD Million,
2014 - 2024)
- Polymer
- Carbon
- Cellulose
- Composite
- Metallic
- Others
Global Nanofibers End-Use Outlook (Volume, Tons; Revenue, USD
Million, 2014 - 2024)
- Electronics
- Mechanical, chemical, and environmental (MCE)
- Energy
- Medical, life science, and pharmaceutical (MLP)
- Others
Global Nanofibers Regional Outlook (Volume, Tons; Revenue, USD Million,
2014 - 2024)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Asia Pacific
- China
- India
- Japan
- Middle East & Africa
- Central & South America
Access press release by Grand View
Research: http://www.grandviewresearch.com/press-release/global-nanofibers-market
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
Comments
Post a Comment