Global Nanofiber Market to 2025 - Analysis and Forecasts by Leading Players Ahlstrom-Munksjö, Donaldson Company, DuPont, Finetex EnE, Toray Industries, ESpin Tehnologies Systems, Revolution Fibres
Global nanofiber market is expected to grow from US$ 1,263.6 Mn in 2017 to US$ 7,238.3 Mn by 2025 at a CAGR of 25.03% between 2018 and 2025.
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Nanofiber market operates in a highly fragmented industry with large number of local players capturing market place. Key players in the market are collaborating with other providers of nanofiber to gain high market share. Some of the key players operating in the nanofiber market Ahlstrom-Munksjö, Asahi Kasei Corporation, Donaldson Company, Inc., DuPont, Finetex EnE, Inc., Revolution Fibres Ltd, Toray Industries, Inc., ESpin Tehnologies Systems, Inc., ELMARCO s.r.o., and MEMPRO Ltd.among others.
Japanese manufacturers and organizations have invested significant amounts in deriving the best uses for CNF and putting them to practical uses. Its potential uses in the automotive and the construction industry to replace steel has attracted players from different ecosystem to come together and carry on research and development activity. Automotive component manufacturers such as Denso, automotive manufacturer Toyota, and Kyoto University have joined together to focus on the CNF. Such technological steps would ensure a gradual development phase for the nanofiber market in the region.
The global nanofiber market has been segmented into three types namely by type, by application and by five geographic regions. The market has been segmented on the basis of type into five major segment including polymer nanofiber, carbon nanofiber, ceramic nanofiber, composite nanofiber and glass nanofiber. Further the application segment is broken down by consumer, electronics, industrial (air filtration), defense and security, energy, life science & pharmaceutical, chemical & environmental, and other. Geographically the market is presently dominated by developed regions including, North America. However, the market is expected to be in favor of APAC. The rising penetration of nanofiber in industrial filtration and electronics application are proving to be the major drivers for the growth in the adoption of nanofiber market.
The report segments the global nanofiber market as follows:
Global Nanofiber Market - By Material
Global Nanofiber Market - By Application
Defense & Security
Medical, Life Science & Pharmaceutical
Chemical & Environmental
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