Nanofibers Market (Product Type - Carbon Nanofibers, Composite Nanofibers, Metal and Metal Oxide Nanofibers, Polymeric Nanofibers, Ceramic Nanofibers, and Others; End-user - Healthcare, Energy and Power, Textiles, Automotive, Aerospace and Defense, Chemical, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

A recent report published by Infinium Global Research on the nanofibers market provides an in-depth analysis of segments and sub-segments in the global as well as regional nanofibers market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional nanofibers market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global nanofibers market. According to the report, the global nanofibers market is projected to grow at a CAGR of 21% over the forecast period of 2022-2028. The revenue generated by the market was approximately USD 1.3 billion in 2022 and is expected to reach approximately USD 4 billion in 2028.

Market Insight

Nanofibers are defined as fibers with diameters of less than 1000 nanometres. As nanotechnology is evolving, its application in various industries is also increasing. The use of nanocomposites in the products improves their physical properties. Nanofibers are nanocomposites which are having excellent mechanical and chemical characteristics. Nanofibers have found their application in various end-use industries including healthcare, aerospace and defense, electronics, automotive, and others. The nanofibers market is as new as any other nanocomposite market. Moreover, the increases in the adoption of low-cost polymers in production are expanding the demand for the nanofibers market. The polymer nanofibers are having lower production costs and are used in several applications. Furthermore, the shift in consumer preference for sustainable and eco-friendly products is supporting the growth of the nanofibers market. The rapid pace of industrialization, growing commercialization of nanofibers products with increasing industrial applications, continuous efforts in technological innovations, and rise in R&D investments are among the significant factors contributing to the nanofibers market growth.

During the Covid-19, pandemic people were compelled to stay in their homes. The governments of many countries in the world turned their focus to healthcare from other industries. This significantly disrupted their supply chain operations and manufacturing as lockdowns were imposed by the respective governments. Manufacturing facilities were all shut down due to the pandemic in almost every country across the globe. Due to the pandemic, several industries including biodegradable polymers were adversely negatively affected. Logistical restrictions, manpower shortage, material unavailability, and other restrictions had reduced the growth of the industry. The pandemic has affected the normal production of companies. The COVID-19 pandemic has created instability in the nanofibers market across the globe. However, the market is now estimated to have reached pre-pandemic levels and is expected to grow steadily during the forecast period.

The increasing demand for nanofibers from various end-users is majorly driving the nanofibers market. The nanofibers have found their application in a number of industries including healthcare, aerospace and defense, electronics, automotive, and others owing to their superior mechanical and chemical properties. Moreover, the increase in the adoption of low-cost polymers in production is expanding the demand for nanofibers. The polymer nanofibers are having lower production costs and are used in several applications. Furthermore, the shift in consumer preference for sustainable and eco-friendly products is supporting the growth of the nanofibers market. However, the lack of scalability of carbon nanofibers due to the complex manufacturing procedure and expensive instrumentation is the major restraining factor for the growth of the nanofibers market. Nevertheless, the growing investment in R&D for new manufacturing techniques is expected to offer lucrative opportunities for the key players in the nanofibers market.

The report provides a regional outlook covering geographies such as North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific holds the command over the market globally. In Asia-Pacific China shares the largest market share as it’s the largest economy, in terms of GDP. Asia-Pacific dominates the global market share. The increasing demand from industries like healthcare, aerospace and defense, energy, and automotive has been driving the market’s growth. The Chinese healthcare industry holds the second position globally, as the US holds the first position. China, the largest manufacturing hub, is experiencing a rise in the country’s labor costs owing to the aging population. This has resulted in the shift in focus of manufacturing companies to Southeast Asian countries. The improving infrastructure, rising domestic consumption, and lower operating costs are among the factors attracting international manufacturing companies to these countries. The development of a manufacturing hub boosts the demand for the nanofibers market that can be used in a diverse range of applications.

Segment Covered

The report on the global nanofibers market covers segments such as product type and end-user. On the basis of product type, the sub-markets include carbon nanofibers, composite nanofibers, metal and metal oxide nanofibers, polymeric nanofibers, ceramic nanofibers, and others. On the basis of end-user, the sub-markets include healthcare, energy and power, textiles, automotive, aerospace and defense, chemical, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as eSpin Technologies Inc., Teijin Limited, Donaldson Company, Inc., Nanofibers Solution LLC, DuPont, Toray Industries, Inc., Elmarco S.R.O., Revolution Fibers Ltd, Asahi Kasei Corporation, and Ahlstrom-Munksjo.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors driving and restraining this market's growth. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the nanofibers market. Moreover, the study highlights current market trends and provides forecasts for 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.