Press Releases

Global Nanofiber Products Market Expands with High Industry Demand (36.2% CAGR)

January 15, 2019

WELLESLEY, Mass., Jan. 15, 2019 – The global nanofiber products market is rapidly advancing as applications within the life science sector are gaining momentum, utilization is increasing in new generations of electronic and optoelectronic devices, and unit prices are rising, among additional factors, according to BCC Research.

The global market for nanofiber products was valued at $927 million in 2018 and is expected to reach $4.3 billion by 2023 at a compound annual growth rate (CAGR) of 36.2% during the forecast period, according to the report “Global Markets and Technologies for Nanofibers.”

Prominent players in the industry include: Applied Sciences, Inc., Donaldson Company Inc. (DCI), Grupo Antolin, Hollingsworth & Vose, Johns Manville Corp., Nanoval, Nippon Paper Industries, Parker Hannifin Corporation (PH), Reade International Corp., Stellenbosch Nanofiber Company and others.

Research Highlights:

  • BCC Research has identified nine 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.
  • Companies in the Asia-Pacific region continue to focus on high growth markets such as energy, high-tech textiles and other consumer products. Asian companies are also pursuing the commercialization of natural nanofibers produced by low-cost, large scale manufacturing.
  • Sales of nanofiber products for the mechanical/chemical/environmental sector are expanding at a healthy rate, with a CAGR of 24.2% from 2016-2018.

“The number of U.S-based companies has increased compared to the previous edition of this study, although its share is lower due to a fast-rising number of players in the Asia-Pacific region and the rest of the world,” said Margareth Gagliardi, the report’s author. “Generally speaking, there are more players in all regions, indicating that interest in nanofiber technologies is spreading globally.”

Opportunities in the Global Nanofiber Products Market

There remain many growth opportunities in the global nanofiber products market, including the replacement of synthetic materials with eco-friendly nanofibers, untapped applications in numerous industries, integration in fast-growing wearable device applications and the introduction of roll-to-roll processes in achieving higher throughput.

Editors/reporters requesting analyst interviews should contact Eric Surber at press@bccresearch.com.

Global Markets and Technologies for Nanofibers( NAN043E )
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