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Nanofibers Market Size, Share Analysis, Global Outlook 2024 To 2033
Nanofibers Market
The Business Research Company presents an extensive market research report on the Nanofibers Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The nanofibers market size has grown rapidly in recent years. It will grow from $1.72 billion in 2023 to $1.96 billion in 2024 at a compound annual growth rate (CAGR) of 13.5%. The growth in the historic period can be attributed to growing demand from pharmaceutical and medical industry, increased use of nanofibers in the electronics segment, new applications of nanofibers in agriculture.
The nanofibers market size is expected to see rapid growth in the next few years. It will grow to $3.04 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to increasing utilization in flexible and stretchable electronics,increasing potential use of nanofibers in food applications, increasing production of carbon nanofibers from biomass and biomass blends. Major trends in the forecast period include advance research and development and growing market for cellulosic nanofibers, product innovations, growing trend of recyclable packaging materials, collaborations, investments.
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Key Market Players:
Major companies operating in the nanofibers market report are Espin Technologies Inc., Hollingsworth & Vose, Nippon Paper Industries Co. Ltd., Teijin Ltd., Toray Industries Inc., Argonide Corp., Chuetsu Pulp & Paper Co. Ltd., Donaldson Co. Inc., Lime, Spur A.S., Abalioglu Holding A.S., Acs Material, Asahi Kasei Corp., Inmed Llc., Nxtnano, Showa Denko K.K., Up Catalyst, Applied Sciences Inc, DuPont Esfil, Tehno ASAS, IREMA-Filter GmbH, Japan Vilene Company Ltd., Merck KGAA, Nanofiber Solutions, NanoLayr Limited, Nanoval GmbH & Co. KG, Pardam s.r.o, Sappi Ltd, SNC Fibers
Market Drivers:
The growing demand for electronics is expected to propel the growth of the nanofibers market going forward. Electronics refers to the branch of physics and technology that deals with the study, design, and application of devices and systems involving the controlled flow of electrons or other charge carriers in semiconductors or conductors. Nanofibers are versatile in nature and are valuable in advancing electronic technologies, contributing to the development of smaller, more efficient, and multifunctional electronic devices. For instance, in June 2023, according to the Bureau of Economic Analysis, a US-based government agency, the electronic products manufacturing industry increased by 5.7 % in 2021 from 2020. Therefore, the growing demand for electronics drives the nanofibers market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/nanofibers-global-market-report
The nanofibers market covered in this report is segmented -
1) By Product Type: Carbon Nanofiber, Ceramic Nanofibers, Composite Nanofiber, Polymeric Nanofiber, Carbohydrate Based Nanofiber, Metallic and Metal Oxides
2) By Technology: Magento spinning, Force Spinning, Rotary Jet Spinning, Other Technologies
3) By Application: Water and Air Filitration, Automotive and Transportation, Textiles, Medical, Electronics, Energy Storage, Other Applications
4) By End-User: Mechanical, Chemical and Environment, Medical, Life Science and Pharmaceutical, Electronics, Other End Users
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