A new class of materials used for a wide range of applications, nanofibers size between 100-1000 nanometer. These are used for storage of energy, pharmaceuticals, filtration, and other such applications. These are particularly seen being used on advanced drug delivery, and implant materials, tissue engineering, and therapeutic textiles.

Besides, recently, it has been noted by experts that it can help protect against HIV-1, becoming perfect for producing contraception devices. Additionally, it helps in times of injuries, helping wounds heal; working on body’s innate healing properties in the process. Additionally, it can help healing of cartilage in joint injuries.

This helps the global nanofibers market to grow at a substantial pace over the forecast period of 2016 to 2024. Some of the major factors driving the demand up are outlined below:

  • One in every six and one in every four people would be aged 65 and above by the end of the year 2050 worldwide, and in Europe and North America, respectively. This demographic is particularly prone to joint injuries and slow healing of wounds, leading to higher demand for nanofibers, helping the global nanofibers market take on a high trajectory of growth over the forecast period. It is also worth noting here that in the age group of 60 and above, a massive rise from 900 million in 2015 to 2 billion in 2050 will be noted.
  • Research activity in the field is growing rapidly with a number of universities taking part in it. Additionally, a number of universities such as John Hopkins, and Pennsylvania, and Northwestern are making use of these, especially in sensors that work with color modification. Besides, piezoelectric nanofibers are now developed. These are so elastic that they can be interwoven into clothing. These factors contribute in a big way to the growth of global nanofibers market.

Nanofibers can be defined as fibers with diameters in the range of 100–1000 nanometer. Nanofibers is a new class of materials used for several value-added applications such as filtration, medicines, composites, and energy storage. Nanofibers can be manufactured by interfacial polymerization, antisolvent-induced polymer precipitation, melt processing, or electrostatic spinning. Carbon nanofibers are graphitized fibers formed by catalytic synthesis.

Nanofibers are used in tissue engineering and drug delivery as well as in artificial organ components, implant materials, wound dressings, and therapeutic textile materials. Recently, researchers have discovered that nanofiber meshes can be used against the HIV-1 virus and also as a contraception. In the healing of wounds, nanofibers accumulate at the injury site and remain at that place, drawing the body’s own development factors to the injury site. Nanofibers are also used in pigments for cosmetics. They can stimulate the fabrication of cartilage in damaged joints. Numerous approaches toward this use of nanofibers are being utilized by researchers at John Hopkins University, University of Pennsylvania, and Northwestern University. Researchers are using nanofibers in sensors that modify color as they engross chemical vapors. They plan to use these sensors to demonstrate when the absorbing material in a gas mask becomes saturated. Researchers have also developed piezoelectric nanofibers that are elastic enough to be interlaced into clothing. These fibers can transform the normal motion into energy to power the electronic devices such as mobile phones. In addition, researchers are developing nanofibers to capture cancer cells flowing in the blood stream. They use nanofibers covered with antibodies that bind to cancer cells, ensnaring those cells.

Growth of bioengineering and biomedical industries across the globe is projected to boost the demand for nanofibers. Additionally, increase in demand for medicines in emerging economies in Asia Pacific and Latin America is projected to further propel the demand for nanofibers in those economies. However, volatile prices of raw materials and availability of substitutes can hamper the growth of this market.

North America is projected to be a key market for nanofibers during the forecast period, followed by Europe and Asia Pacific. Asia Pacific is anticipated to be the rapidly expanding market for nanofibers during the forecast period. China, India, and Japan are major markets for nanofibers in Asia Pacific due to presence of an established end user industry. Singapore, Republic of Korea, Vietnam, and Malaysia are expected to be other prominent consumers of nanofibers in Asia Pacific during the forecast period. The nanofibers market in Europe and North America is projected to experience moderate to high growth during the forecast period. Brazil and Argentina are estimated to be major consumers of nanofibers in Latin America.

The nanofibers market is highly fragmented. It is dominated by large- and medium-sized corporations in the field of materials and chemicals. Key players operating in the global nanofibers market are FibeRio Technology Corporation, Toray Industries, Ahlstrom Corporation, Johns Manville Corporation, Inc., E. I. du Pont de Nemours and Company, Donaldson Filtration Solutions, Asahi Kasei, Johns Pyrograf Products, Inc., Elmarco, Jiangxi Xian Cai Nanofibers Technology Co., Ltd., Revolution Fibers, eSpin Nanofibers, and MemPro.

Companies are adopting the acquisition strategy and aggressive marketing tactics to increase their market share. They are investing in research and development activities to develop new techniques for nano capsules. Moreover, companies are shifting their production facilities to emerging economies in Asia Pacific and Latin America, due to easy availability of land, inexpensive labor, and governmental subsidies in those countries. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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