Polymer Nanofiber Market Overview to 2023
Polymer Nanofiber find their applications in tissue engineering, drug delivery, energy storage, optical sensors, and filtration among others. The global filtration and separation technology market is estimated grow at ~6% CAGR to reach double digit billion dollar figure, which is projected to fuel demand for the product during the forecast period. In addition to this, the global drug delivery technology market is growing at considerable CAGR on account of rising prevalence of chronic diseases, launches of new product, demand for biologics, and technological advancements, are some of the major factors driving the growth of the drug delivery technology market. This, in turn, is expected to boost the demand for Polymer Nanofiber during the forecast period.
Competitive Analysis:
Key players in the Global Polymer Nanofiber Market are eSpin Technologies (U.S.), SNS Nano Fiber Technology (U.S.), Ahlstrom Corporation (FINLAND), DuPont (U.S.), Hollingsworth & Vose (U.S.), Donaldson Company, Inc. (U.S.), Johns Manville (U.S.), TEIJIN LIMITED (Japan), TORAY INDUSTRIES, INC. (Japan), and Catalytic Materials LLC (U.S.), among others.
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Nanofibers are the fibers with diameter in nanometer range. Usually their diameter is less than 100 nanometer (nm). The nanofibers synthesized using different polymers possess different physical properties and their application potential vary accordingly. Naturally occurring polymers such as collagen, cellulose, silk fibroin, keratin, gelatin, and polysaccharides are suited for manufacturing of Polymer Nanofiber. Polymeric Nanofibers exhibits some important properties such as large surface area-to-volume ratio, high porosity, better operational flexibility, and greater mechanical strength. Their applications can be seen in both technological as well as commercial use.
Intended Audience
- Polymer Nanofiber Manufacturers
- Traders and Distributors of Polymer Nanofiber
- Research and Development Institutes
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
Since the Nanofibers are used widely in the drug delivery technology and the global drug delivery technology market is growing rapidly, which, in turn, is expected to fuel the demand for polymer Nanofiber during the forecast period. Furthermore, the Global Naonofiber Market is set to reach ~USD 1 billion mark during the forecast period. This is attributed to growing demand for Nanofibers for air & liquid filters and increasing usage as catalysts. Polymer Nanofibrous media holds a great advantage over the microfibers in filtration, and Nanofiber webs can act as protective fabrics against environmental and infectious agents in hospitals, offices and homes, which may help push of the product in coming years. However, the synthesis techniques of polymer Nanofibers comes with some drawbacks, which may act as restraining factor in the growth trajectory of the global polymer Nanofiber market.
Regional Analysis:
Geographically, the Global Polymer Nanofiber Market is spanned across five regions: Asia Pacific, North America, Europe Latin America, and the Middle East & Africa. Among these regions, Asia Pacific is the largest market owing to the big lead achieved by the region in Nanofibers research along with the higher percentage of government funding allocation in the areas of sustainable energy and environment protection. India, Japan, and China are the leading markets in this region on accounts of an increasing investment in major end uses of Polymer Nanofiber.
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North America is following Asia Pacific in terms of market size in the Global Polymer Nanofiber Market. The U.S. and Canada are the major markets in this region owing to constantly increasing use of various types of Nanofiber materials. To achieve the energy saving, energy conversions, Nanofibers customized tissue engineering and drug delivery systems, Nanofibers are used on large scale owing to the presence of well-established end use industries, aerospace along with sports industry.
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