The Global Market for Nanofibers is Projected to Reach US$1 Billion by 2020

Unique & Customizable Properties Drive the Use of Nanofibers in the Production of High Quality Products, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global nanofibers market. The global market for Nanofibers is projected to reach US$1 billion by 2020, driven by their spiraling use in production of high quality products in a wide range of end-use segments.

An exciting class of nanomaterials, nanofibers is currently a small market with huge untapped potential for future growth and expansion. Adoption of nanofibers in the production of a wide range of products is supported by the material’s special and unique properties such as high surface area to volume ratio, small pore size, and a diameter less than a micron. Chemical & mechanical products, energy storage and conservation solutions, and electronics represent lucrative end-users of nanofibers. Superior capabilities such as higher strength, reactivity, optical and electrical quality, uniformity and thinness of nanofibrous layers, and permeability of layers, besides customizable chemical, physical, thermal and mechanical properties, make nanofibers a best bet for products such as air & liquid filtration systems, batteries, fuel cells, capacitors, and electronic components such as semiconductors, advanced displays, hard disk drives, magnetic devices and EMI shielding products etc. Growing consumer demand for low cost yet robust products will continue to boost consumption of nanofibers in the manufacturing sector. Intensifying competition and growing pressure to develop high quality durable products with high performance capabilities are spurring the use of advanced materials such as nanofibers. Future growth in the market is forecast to come from expanding use of nanofibers in medical & biomedical solutions, sensors & instrumentation, automotive & aerospace, defense & security systems, and in consumer products such as textiles, personal care products, diapers, and wipes, among others.  

Nanofibers made of polymers are popular and find widespread use in commercial end-use markets. Polymer nanofibers account for over 65% of the total revenue generated in the market, making it the dominant product segment. Polymer nanofibers find widespread used in water and air filtration systems and textiles. Technology developments are enabling industrial-scale nanofibers to be produced from environmental friendly and biodegradable polymers. Carbon nanofibers, one of the fastest growing market segments, finds robust use in the Li-Ion battery market. Demand is also growing in electronics, particularly for heat management, conductors and EMI shielding products, and other energy storage and conservation devices such as fuel cells and catalysts.

As stated by the new market research report on Nanofibers, Asia-Pacific is the largest and the fastest growing market worldwide, with a CAGR of 31.1% over the analysis period. The growth in the region is supported by strong public and private investments in nanotechnology in countries such as China, India, Korea, and Taiwan. Chemical/Mechanical products represent the largest end-use market for nanofibers accounting for lion’s share of global sales as of 2015.

Major players in the market include Applied Sciences, Inc., Argonide Corporation, Ahlstrom Corporation, Asahi Kasei Fibers Corporation, Catalytic Materials LLC, Daicel FineChem Ltd., Donaldson Company, Inc., E. I. du Pont de Nemours and Company, Dreamweaver International, Elmarco, eSpin Technologies, Inc., Finetex EnE, Inc., FibeRio Technology Corporation, Grupo Antolin, Hollingsworth and Vose, Japan Vilene Company Ltd., Johns Manville , Reade Advanced Materials, Showa Denko K.K., Teijin Limited, Toray Industries, Inc., and Wooree Nanophil Co. Ltd.

The research report titled “Nanofibers: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, service launches, mergers, acquisitions and other strategic industry activities of global companies.  The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, UK, and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), and Rest of World. The report also provides global market estimates and projections by end-use application segments such as Energy, Chemical/Mechanical, and Others (Automotive, Electronics, Sensors, and Aerospace applications among others). 

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