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Nanofibers are used in applications for filtration, batteries, healthcare and adult incontinence.
February 19, 2016
By: Tara Olivo
Associate Editor at Nonwovens Industry
Research and Markets has added the “Global Nanofiber Market 2016-2020” report to its offering. The global nanofiber market is expected to grow at a CAGR of 24.12% during the period 2016-2020. Many nanofibers are laid over one another to form a nano mat. A nano mat is a breathable fabric, but it is so small in size that it does not allow even the entry of bacteria. Based on these properties, nanofibers find huge applications in various field applications like filtration, catalysts, semiconductors, optical waveguides, fuel cells, composites, tissue repair, sensors, and scanning probe microscopy in industries such as mechanical, chemical, electronics, energy, automotive, aerospace, sensors, and instrumentation. The report covers the present scenario and the growth prospects of the global nanofiber market for 2016-2020. To calculate the market size, the report considers the revenue generated from the shipment of nanofibers to original equipment manufacturers (OEMs) for applications including filtration, electronic devices, batteries, fuel cells, healthcare, and to manufacture nonwoven textiles such as adult incontinence products. The report also includes a discussion of the key vendors operating in this market. 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. According to the report, 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. Further, the report states that one of the biggest challenges faced by vendors in the nanofiber market is the production scale.
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