A recent report published by Infinium Global Research on nanofibers market provides 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, forecast and dollar values of global nanofibers market. According to the report, the global nanofibers market is projected to grow at a CAGR of 25.61% over the forecast period of 2019-2025.
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 the 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. It is highly fragmented with several international and local players competing with each other in the market for their share. The key players in the market including Elmarco Ltd., eSpin Technologies Inc., DuPont de Nemours, Inc., FibeRio Technology Corporation, Toray Industries, Inc., Donaldson Company, Inc., and others are mainly focusing on the development of innovative production techniques to lower the manufacturing cost.
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 adoption of low-cost polymers in the production are 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.
In terms of region, Asia-Pacific generated the highest revenue for nanofibers, dominating the global market. The largest market share of the Asia-Pacific region attributed to the rising demand from healthcare, aerospace and defense, energy, and automotive industries and an increasing focus on manufacturing sustainable and eco-friendly products. Moreover, the rise in the investment for R&D and shift in consumer preference are expected to boost the growth of the nanofibers market in Asia-Pacific.
The report on global nanofibers market covers segments such as product type, and end-user. On the basis of product type, the sub-markets include carbon nanofiber, polymeric nanofiber, composite nanofiber, metallic nanofiber, and other types. On the basis of end-user, the sub-markets include electronics, healthcare and pharmaceutical, automotive, energy, chemical, aerospace & defense, and other end-users.
The report provides profiles of the companies in the market such as Elmarco Ltd., eSpin Technologies Inc., DuPont de Nemours, Inc., FibeRio Technology Corporation, Toray Industries, Inc., Donaldson Company, Inc., Finetex EnE, Inc., Teijin Limited, Ahlstrom-Munksjö Oyj, Pardam, s. r. o., and other companies.
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 that are driving and restraining the growth in this market. 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 nanofibers market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. 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.
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