Global Nanofiber Market 2016-2020
Market outlook of the nanofiber market
Technavio’s research analyst predicts the global nanofiber market to grow at a CAGR of 24% during the forecast period. The increased adoption of nanofibers in technical textile is the primary growth driver for this market. Technical textiles that include nonwovens make up around 25% of the global fiber consumption and have huge demand in areas like medical devices, water purification, and responsive fibrous system.
The improvement in nanofiber production system is expected to foster the growth of this market during the forecast period. Vendors strive to achieve economy of scale to reduce the breakeven point. Many solution providers such as FibeRio technology, Elmarco are coming up with improved technology and new techniques, showcasing their capabilities to provide comprehensive nanofiber solutions. Not only are these solution providers looking to demonstrate their higher production capacity but also their ability to complete turnkey projects.
Application segmentation and analysis of the nanofiber market
The filtration application segment dominated the market during 2015, with a market share of around 59%. However, the electronics application segment is expected to see the highest CAGR during the forecast period. Material cost is an important factor driving the nanofiber market in electronics application. Nanofibers have a structural advantage such as enhanced conductivity over other materials and are being used as deposits on the pre-patterned SiO2 substrate in field effect transistor (FET). These transistors and other logic circuits find huge application in the electronics sector.
Geographical segmentation and analysis of the nanofiber market
APAC accounted for 36% of the market share during 2015 and is expected to grow at a CAGR of 24% during the forecast period. The high growth rate in this region is attributed to the large funding by governments in this region for research and development to achieve sustainable energy and environment. Countries like Singapore and Japan, are actively involved in improving the energy efficiency of devices by using nanofibers as separators in fuel cells, solar cells and other devices of high energy capacitors
Competitive landscape and key vendors
The nanofibers market is in the nascent stage and provides ample opportunities for vendors to capture the market share. Difficulties in production such as the clogging of the needle in the needle-based electrospinning process were limiting the supply of nanofibers. The production has become smoother and free of bottlenecks with the introduction of needle-free electrospinning process provided by Elmarco nanospider electrospinning technology.
The leading vendors in the market are -
- Asahi Kasei Fibers
- Catalytic Materials
- Johns Manville
- The Nanofiber Group
Other prominent vendors in the market include Ahlstrom, Argonide, Clearbridge Nanomedics, Esfil Techno AS, Espin Technologies, Finetex Technologies, Grupo Antolin, Hemcon Medical, Japan Vilene, MemPro, and Nanoval.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global nanofiber market?
- What are the key market trends impacting the growth of the nanofiber market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global nanofiber market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the nanofiber market?
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