Nanofibers Market 2024 Forecasts Research Report Now Available with OrbisResearch.com.

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Nanofibers Market Analysis And Segment Forecasts by 2024

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The global nanofibers market is expected to reach USD 2.89 billion by 2024, according to a new report
by Grand View Research, Inc. Technological advancements in the field of nanomaterials, coupled with
increasing demand for materials such as carbon, glass, ceramic, and polymeric in various end-use
segments, are expected to drive growth over the forecast period. Surging demand for nanotechnology-
enabled smart textiles, filtration, tissue engineering & regeneration, wound healing, drug delivery, and
biosensors is expected to steer nanofibers market penetration in the medical sector over the next few
years.
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product-polymer-carbon-cellulose-composite-metallic-by-end-use-electronics-mechanical-chemical-and-
environment-mce-energy-medical-life-science-and-pharmaceutical-mlp-and-segment-forecasts-to-2024
However, stringent guidelines and standards for manufacturing, handling, and sales of nanomaterials by
international agencies such as ISO, NIST, and Nanomaterials Registry may hamper market growth. The
nanofibers industry growth may further be restrained by regulations pertaining to the toxicity of metal
and carbon-based nanoparticles.
Nanoscale polymer fibers dominated the global demand accounting for 49.2% of total market volume in
2015. Large-scale application of these materials in high-efficiency air filters coupled with increasing
usage in medical devices and drug delivery systems especially in the mature economies can be
attributed to high penetration.
Further key findings from the report suggest:
The global nanofibers market demand was 1,008 tons in 2015 and is expected to reach 8,886 tons by
2024, growing at a CAGR of 27.7% from 2016 to 2024.
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The global composite nanoscale materials accounted for 12.5% of the total nanofibers market in 2015
and are anticipated to reach a net worth of USD 373.6 million by 2024. Increasing R&D investments to
develop innovative production technologies and adhere to the stringent regulatory framework to steer
segment growth.
Cellulose nanofibers are estimated to witness the fastest growth over the next eight years. The segment
demand in the U.S. is estimated to grow at a CAGR of 29.6% from 2016 to 2024.
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Electronics segment is anticipated to emerge as fastest growing end-use segment and is estimated to
reach a net worth of USD 293.1 million by 2024.
Asia Pacific is expected to emerge as the fastest growing regional market on account of significant
product demand in China, Japan, India, and other South-East Asian countries. China nanofibers demand
in the energy sector is anticipated to reach 154.4 tons by 2024 at a CAGR of 28% from 2016 to 2024.

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Key industry participants in the market include Donaldson, Elmarco, DuPont, Revolution Fibres, FibeRio,
Ahlstrom, Toray, Asahi Kasei, Johns Manville, Jiangxi Xian Cai Nanofibers Technology, Johns Pyrograf
Products, eSpin, and MemPro.
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