Market Insights
Polymer Nanofiber Industry offers great flexibility and excellent porosity in surface functionality, due to which they are widely used in several areas such as material reinforcement, energy, sensors, filtration, and catalysis. Nanofibers can be extracted using various production techniques, of which is widely used is electrospinning. Market Research Future estimated that the global polymer nanofiber market would grow at a CAGR of 29.6% during the forecast period.
Growing demand for pure air, clean water, and highly purified chemicals from the pharmaceutical, biotechnology, and agri-food industries are factors anticipated to stimulate the global polymer nanofiber market. Nanofiber polymers are extensively utilized as a filtration medium in latter industries to produce a superior product. In addition, the growing use of polymer nanofibers as scaffolds to produce an extracellular matrix for bone tissue in the medical sector is projected to drive the global demand for polymer nanofibers. Moreover, the launch of nanotechnology as new to interdisciplinary science should support the growth of polymeric nanofibers over the forecast period.
In addition, the growing use of nanofibers for energy storage and various other applications including optical sensors, transistors, and capacitors due to the high electrical conductivity in the electronics industries lays lucrative growth prospects for the key players in the polymer nanofiber market.
Market Segmentation
The global polymer nanofiber market is segmented based on methods, application, and end-use industry.
Based on the method, the global polymer nanofiber market into electrospinning, drawing, thermal-induced phase separation (tips), and template.
The application segment is bifurcated into filtration, biotechnology, medical, and energy storage.
Moreover, the global polymer nanofiber market is also segmented based on the end-use industry; this includes pharmaceutical, electronics, food & beverage, and biomedical.
Regional Analysis
North America led the global polymer nanofiber market and represented a significant market share in 2022. This is mainly due to the escalating demand for polymer nanofibers in the growing pharmaceutical and biomedical sector backed by surging demand for implant products in the region. The US is the dominating country in the region due to growing demand for high-quality products and advancements in the field of biotechnology, which spurs maintains the demand for polymer nanofibers in the region.
The Asia Pacific market is anticipated to show a noteworthy growth rate during the forecast period due to increased industrialization and urbanization in the region. The increasing use of nanofiber polymer filtration technologies in the growing food and beverage industry is anticipated to stimulate demand in the regional market. China is the major consumer and the rapidly growing market in the region, followed by Southeast Asian countries and India.
European Polymer Chemistry market is expected to showcase substantial growth during the forecast period due to the usage of polymer nanofibers in medical applications. Additionally, the upsurge in the use of polymer nanofibers for absorption, gas storage, absorption, sensing, and other applications thus drives the regional market. Germany is the leads among the region owing to the growth of the pharmaceutical and medical life sciences industry. Other nations such as France, Russia, the UK, are further contributing to the growth of the polymer nanofiber market in the region.
The Latin American and Middle East & Africa regions are expected to illustrate substantial growth during the forecast period owing to the usage of polymer nanofibers in sorption and oil-water separation processes.
Major Players
Some of the leading industrial players contributing with their product portfolio and offerings in the global polymer nanofiber market include Ahlstrom Corporation, Donaldson Company, Inc., SNS Nano Fiber Technology, Johns Manville, Catalytic Materials LLC, TORAY INDUSTRIES, INC., TEIJIN LIMITED, eSpin Technologies, Catalytic Materials LLC, and Hollingsworth & Vose among others.
Industry Updates
In August 2019, A researcher from Texas Tech University came across a finding of a nanofiber web that eradicates toxic dye pollutants from wastewater. The researcher claim that this method is much easier, safer, and most importantly less expensive to execute.
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