Nanofibers Market Globally Expected to Drive Growth through 2023

The global market for

nanofiber products

should grow from $927 million in 2018 to $4.3 billion by 2023 at a compound annual growth rate (CAGR) of 36.2% for the period of 2018-2023.

Report Scope:

This report provides an updated review of nanofiber technology, including materials and production processes, and identifies current and emerging applications for this technology.

BCC Research delineates the current market status for nanofiber-based products, defines trends, and presents growth forecasts for the next five years. The market is analyzed based on the following segments: material, application, and region. In addition, technological issues, including key events and the latest developments, are discussed.

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More specifically, the market analysis conducted by BCC Research for this report is divided into five sections.

In the first section, an introduction to the topic and a historical review of nanofibers are provided, including an outline of recent events. In this section, current and emerging nanofiber applications are also identified and grouped in segments (consumer, defense and security, electronics and optoelectronics, energy, life science, mechanical/chemical/environmental, sensors and instrumentation, thermal and acoustic insulation, transportation, and others).

The second section provides a technological review of nanofibers. This section offers a revised and detailed description of traditional and emerging nanofiber materials as well as typical fabrication methods and recent process updates. This section concludes with an analysis of the most important technological developments since 2016, including examples of significant patents recently issued or applied for, as well as highlighting the most active research organizations operating in this field.

The third section entails a global market analysis for nanofiber products. Global revenues (sales data in millions of dollars) are presented for each segment (material, application, and region), with actual data referring to the years 2016 and 2017 and estimates for 2018. Dollar figures refer to sales of nanofiber products at the manufacturing level. Revenues only account for the nanofiber component of the device, not the entire device, as applicable.

The analysis of current revenues is followed by a detailed presentation of market growth trends, based on industry growth, technological trends, and regional trends. The third section concludes by providing projected revenues for nanofiber-based products within each segment, together with forecast compound annual growth rates (CAGRs) for the period 2018 through 2023. Projected and forecast revenue values are in constant U.S. dollars, unadjusted for inflation.

In the fourth section of the study, which covers global industry structure, the report offers a list of the leading nanofiber suppliers, together with a description of their products. The analysis includes a description of the geographical distribution of these firms and an evaluation of other key industry players. Detailed company profiles of the top players are also provided.

The fifth and final section includes an analysis of recently issued U.S. patents, with a summary of patents related to nanofiber materials, fabrication methods, and applications. Patent analysis is performed by region, country, assignee, patent category, application, and material type.

Report Includes:

- 63 data tables and 20 additional tables

- An overview of the global markets and technologies relating to nanofibers

- Analyses of global market trends with data from 2016, 2017 and 2018, and projections of compound annual growth rates (CAGRs) through 2023

- Quantification of the market potential for nanofiber technology by segments such as material, application and region

- Examination of the commercial and public research activities in major regions of the world

- A historical review of nanofibers, including an outline of recent events

- Coverage of the industry structure, including a list of suppliers of nanofibers and descriptions of their products

- Analysis of recently issued U.S. patents by major categories, with a summary of patents related to nanofiber materials, fabrication methods, and applications

- Company profiles of the leading players in the industry including Applied Sciences, Inc., eSpin Technologies, Finetex EnE, Johns Manville and Parker Hannifin

Summary

Nanofibers are traditionally defined as cylindrical structures having an outer diameter below 1000 nm and an aspect ratio (the ratio between length and width) greater than 50. Over the years, several types of nanofibers have been developed: carbon, ceramic, glass, metal and alloy, organic, semiconducting, and composite.

BCC Research has identified nine main industry segments where nanofibers have current and potential uses: consumer, defense and security, electronics/optoelectronics, energy, life science, mechanical/chemical/environmental, sensors and instrumentation, thermal and acoustic insulation, and transportation.

This study highlights the latest developments in nanofiber technology, including material types, fabrication processes, and applications. It also offers a detailed market analysis for nanofiber-based products by segment (material, application, and region), describing technical aspects and trends that will affect future growth of this market.

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As shown in the Summary Table, the global market for nanofiber products increased from REDACTED in 2016 to REDACTED in 2017 and is estimated to be valued at REDACTED by the end of 2018, corresponding to a compounded annual growth rate (CAGR) of REDACTED during the two-year period. Applications within the mechanical/chemical/environmental sector currently account for the largest share of the market, at an estimated REDACTED of the total in 2018, corresponding to REDACTED in sales. Within this sector, nanofibers are being used primarily for the fabrication of filtration media and catalysts.

Nanofiber products for life science represent the second-largest segment in 2018, with total revenues of REDACTED, equal to REDACTED of the total. These products consist mainly of wound dressings, tissue engineering scaffolds, and biomedical membranes.

Energy and electronics/optoelectronics currently account for smaller, but still relevant, shares of the market at REDACTED and REDACTED of the total, respectively in 2018, while all the remaining applications (including consumer, sensors, instrumentation, thermal and acoustic insulation, and defense and security) representa combined share of REDACTED.

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