Asia Pacific Nanofiber Market Impact Analysis of Covid-19 is projected to reach US$ 1,424.49 Mn by 2028 with CAGR of 28.0%

The nanofiber market in Asia Pacific is expected to grow reach US$ 1,424.49 million by 2028 from US$ 253.27 million in 2021. The market is estimated to grow at a CAGR of 28.0% from 2021 to 2028

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Nanofibers have garnered huge attraction from the researchers for exploration of applications of Nanofibers owing to their distinguished physiochemical and mechanical properties. Some of the properties of Nanofibers that influence them to be used in the industries for Air filtration applications include high surface area, and high surface area-to-volume ratio, high porosity, high mechanical strength, and appreciable functionalization flexibility. The functionalization flexibility is achieved post the addition of any additives to the Nanofibers and is used as per the application requirement. Further, lighter weights of Nanofibers, and higher strengths make them ideal products to replace steel in the manufacture of automotive components. Automakers today, have shown high interests towards the Nanofibers as they result in the overall weight reduction of the vehicle. Further, the surface zone to the volume ratio of Nanofibers is approximately 1000 folds higher as compared to microfibers making them highly proficient products for industrial filtration applications. Little pore sizes, and good hydrophobicity ensure good particulate matter filtration and contaminant separation from air and water. The significant impact of Nanofiber technology is observed with the fact that a broad range of fundamental materials can be used for its synthesis. Nanofibers are manufactured from an assortment of natural as well as synthetic polymers, carbon-based materials, composite materials, and semiconducting materials. Further, the synthetic polymers include polyvinyl alcohol, polyamides, polyurethanes, polystyrene, chitosan, and co-polymers. The flexibility of fundamental materials to be used in the Nanofiber synthesis, and the distinguished characteristics of these fibers together propel the demand growth of Nanofibers in a broad range of industry applications.

Market Introduction:
Asia Pacific region consists of many developing countries, which are witnessing a high growth in their manufacturing sector. The region has become a global manufacturing hub with presence of diverse manufacturing industries. Among China’s evolution into a high-skilled manufacturing hub, other developing countries such as India, South Korea, Taiwan and Vietnam among others are attracting several businesses that are in quest to relocate their low to medium skilled manufacturing facilities to neighbouring countries, offering lower labour cost. Further, the governments of these countries are making developments to improve investment ideas. In addition, the governments are offering tax-rebates, funds, subsidies and other such support to attract the manufacturing companies to set-up plants in their respective countries. Several governments has taken initiatives such as Made in China 2025, and Make in India, among others to propel the growth of manufacturing sector. However, China, which is the largest manufacturing hub, is experiencing a rise in the country’s labor cost owing to ageing population of the country.

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Company Profiles:
• Ahlstrom-Munksjö
• Asahi Kasei Corporation
• Donaldson Company, Inc.
• DuPont
• Nanofiber Solutions.
• Toray Industries, Inc.
• Revolution Fibres Ltd.
• Elmarco s.r.o.

Key Market Segments:
Asia Pacific nanofiber market is segmented based on material and Application. Based on material, the Asia Pacific nanofiber market is segmented into polymeric nanofiber, carbon nanofiber, ceramic nanofiber, glass nanofiber and others. The polymeric nanofiber segment accounted for the highest share in the market in 2020 and carbon nanofiber segment is expected to be fastest growing during forecast period. Based on application, the market is segmented into consumer goods & textiles, electronic components, industrial air filtration, defence & security, power & energy, healthcare & life sciences, chemicals & environment and others. The Industrial Air filtration segment accounted for the highest share in 2020 and healthcare & life sciences segment is expected to be the fastest growing during forecast period.

Asia Pacific Nanofiber market- By Material:
1. Polymeric Nanofiber
2. Carbon Nanofiber
3. Ceramic Nanofiber
4. Glass Nanofiber
5. Others

Asia Pacific Nanofiber market-by Application
• Consumer Goods & Textiles
• Electronic Components
• Industrial Air filtration
• Defense & Security
• Power & Energy
• Healthcare & Life sciences
• Chemicals & Environment
• Others

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Identify the major channels driving the Asia Pacific Nanofiber market, providing a clear picture of future opportunities that will help analyse, resulting in revenue expansion.

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