Nanofibers Market is expected to grow significantly in the forecast period owing to the growing commercialization due to developing end use industries. Nanofibers are materials used for wide range of applications like filtration, medical, barrier, wipes, composite, insulation, personal care, energy storage and garments. Nanofibers possess superior properties like excellent high porosity, and functional flexibility which makes them ideal for large number of applications.
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The key driving factors responsible for the growth of Nanofibers
market :
Nanofibers industry is majorly
driven by the factors like increasing application in air and liquid filters,
developments in nanofibers production technology and growing demand from the
electronics segment. Unique and excellent properties of nanofibers make them an
ideal compound for multiple applications and hence, the market is witnessing
huge investment for further development of nanofibers. However, nanofiber
market is projected to face obstructions due to significant cost of nanofibers
as compared to other traditional materials.
Moreover, nanofibers industry is
expected to witness greater potential opportunities from the commercial and
technological applications. The market is also expected to witness
opportunities owing to its superior mechanical strength for bulk production.
Nanofibers market is categorized
on the basis of type, technology, industry vertical and geography. Based on
product type, the market is divided into polymer nanofibers, glass nanofibers,
composite nanofibers, metallic nanofibers, carbon nanofibers and ceramic
nanofibers. Polymer nanofibers segment is predicted to lead nanofiber industry
owing to its wide application in textile industry.
On the basis of technology,
nanofiber market is divided into force spinning, electro spinning, magneto spinning,
phase separation, rotary jet spinning, and melt-blown technology. Electro
spinning technology is the widely used technology for producing nanofibers on
the large scale.
In terms of industry vertical,
nanofibers industry is divided into textile, chemicals, power, healthcare, air
& water treatment, etc. Healthcare industry is estimated to lead the market
of nanofibers owing to its growing applications for therapeutic drugs.
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