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The global nanofiber market Growth Accelerated by Nanofiber Filtration Capacities

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naufan003
The global nanofiber market Growth Accelerated by Nanofiber Filtration Capacities

Nanofibers are ultra-fine fibers with diameters measuring less than 1 micron. They have various industrial applications due to their extremely small pores, high surface area and low mass. Nanofibers are used to manufacture composite materials, biomedical materials, filters, protective clothing and for environmental applications. Their minute pore structure allows them to effectively filter out ultra-fine particles, bacteria, pollutants and other impurities.

The global nanofiber market is estimated to be valued at US$ 901.3 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends driving growth in the nanofiber market is their increasing use in air and liquid filtration applications. Nanofiber filters have much finer pores compared to conventional filters, allowing them to trap ultra-fine particles as small as 10-100 nanometers in size. This makes nanofiber membranes highly effective for filtering pollutants, pathogens and contaminants from air and water. Their high filtration efficiency coupled with thin build and lightweight properties also provide advantages over traditional filtration media. Nanofiber air filters are now commonly used in HVAC systems, cleanrooms, face masks and air purifiers. Several new water filtration projects also employ nanofiber membranes to remove viruses, bacteria and microplastics from municipal and industrial wastewater.

Segment Analysis

The global nanofiber market is dominated by the industrial and manufacturing segment. Nanofiber finds extensive application in several industries such as automotive, healthcare, home and household, defense, energy and others. Within industrial and manufacturing, the automotive sub-segment accounts for the largest share as nanofiber products help improve fuel efficiency, provide lightweighting solutions and also enhance performance and durability of vehicles. Nanofiber filters are highly used in the automotive industry for air, oil and other liquid filtration.

Key Takeaways

The Global Nanofiber Market Size is expected to witness high growth over the forecast period of 2023 to 2030. Growing at a CAGR of 5.8%, the market size is projected to increase from US$ 901.3 Mn in 2023 to cross US$ 1.4 Bn by 2030.

Regional analysis

Asia Pacific dominates the global nanofiber market and is expected to maintain its top position during the forecast period. Countries like China, Japan and South Korea have emerged as major hubs for nanofiber production owing to availability of key raw materials and large production capacities. The growing automotive, healthcare and textile industries in these countries are fueling demand for nanofiber products.

Key players

Key players operating in the nanofiber market are Applied Sciences Inc., Argonide Corporation, CHUETSU PULP & PAPER CO. LTD, Donaldson Company Inc., DuPont, Esfil Tehno AS, eSpin Technologies Inc., Hollingsworth & Vose Company, IREMA-Filter GmbH, Japan Vilene Company Ltd, LIME, Merck KgAA, Nanofiber Solutions, NanoLayr Limited, NANOVAL GmbH & Co. KG, NIPPON PAPER INDUSTRIES CO. LTD, PARDAM s.r.o., SAPPI LTD, SNC Fibers, SPUR AS, TEIJIN LIMITED, TORAY INDUSTRIES INC., and US Global Nanospace Inc. These players are focusing on new product development and partnerships to gain share in the high growth nanofiber market.


Get more insights on this topic:

https://www.marketwebjournal.com/nanofiber-market-size-trends/

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