Increasing Application Scope Boosts the Nanofibres Industry in the next 5 years
Global Nanofibres market is expected to witness a significant growth during the next 5 years owing to its increasing application scope across various verticals such as electronics, chemical, life sciences, environmental, automotive & textiles along with rapid technological advancements in these products. A new report “Global Nanofibres Market Research Report- Industry Analysis, Size, Share, Growth, Trends and Forecast” added by DecisionDatabases.com anticipates growing preference for nanofibres industry in textiles and automotive industry, due to its high mechanical & thermal strength for numerous commercial applications, will have a positive impact on the market growth in the near future.
Nanofibres are fibers, dominantly used in the textile industry and have diameters of approximately 1000 nanometers. These are produced by various processes including melting processing, electrospinning, electrostatic spinning, interfacial polymerization, and polymer precipitation. Nanofibres comprise of numerous nanostructured materials such as nanodevices and nanotools. The continuous evolution of advanced fabrication technologies in order to improve nanofiber production process is anticipated to fuel market demand over the coming years. Rising adoption in the high-value industry such as aeroscope, defense, fuel cells & solar energy due to the availability of fabrication of a wide range of products will enhance the market penetration in the forthcoming years. Growing usage in areas like water purification, responsive fibrous system, and medical devices will further aid in the market growth of the product.
The global market has been segmented based on product into polymer, cellulose, metallic, composite, carbon and others. The polymer is a leading product segment and is projected to witness a double digit growth over the forecast period on account of the growing demand for several applications in medical, pharmaceutical and life science sectors due to its low cost, versatile compatibility, efficient electrospinning capability & easy accessibility across the globe. Furthermore, the market has been segmented based on end-use into electronics, energy, mechanical, chemical & environmental (MCE), medical, life science & pharmaceutical (MLP) and others. MCE is a major end-use segment and is expected to grow at a substantial rate during the forecast period owing to its high penetration in the filtration and chemical application due to its enhanced efficiency and high catalytic activity. Electronics as the end –use segment is also anticipated to grow at a significant rate in the near future due to its low operating cost, convenient fabrication and enhanced mechanical strength for electro - spinning technique.
North America is a major market for this industry and is estimated to continue its dominance over the coming years on account of rising occurrence of nanotech-enabled processes in numerous biomedical applications including drug delivery, pharmaceuticals, surgery and tissue engineering in the region. In addition, rising consumer awareness towards the usage of recyclable products along with the growing major end-use industries such as packaging, electrical, automotive and electronics will open new growth avenues in the region. Asia Pacific is a fastest growing market and is projected to grow at the highest CAGR over the forecast period owing to rising governmental investments on R&D activities and expanding medical & electronics industry in the region.
The key industry players included in the report are FibeRio Technology Corporation, Toray Industries, Ahlstrom Corp., Revolution Fibres, Donaldson, Elmarco, and Johns Manville Corp., DuPont, Asahi Kasei, Jiangxi Xian Cai Nanofibers Technology, Johns Pyrograf Products, Inc., and MemPro. The global market is fragmented in nature due to the presence of a large number of unorganized players in the market.
In Nov 2012, Xanofi, a key nanotechnology company has launched “XanoShear machine” a smart platform for nanofibre production.
In Jan 2013, Contipro has introduced an advanced nanofiber production device “4SPIN”.
In Aug 2015, Japan's environment ministry has launched a project to expand and find applications for a next-generation material called "cellulose nanofiber."
In Feb 2016, Fulgar, a specialist in synthetic fiber along with Maglificio Ripa has jointly launched its nanofiber project concentrating on the development of extremely technological fabrics to outscore nylon 6.6 used for beachwear, underwear, sportswear and clothing.
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