Polymer Nanofiber Market
Overview to 2023:
Global polymer
nanofiber demand is on the rise. The application potential of the material is
vast. Market Research Future (MRFR’s) latest study reveals that the global
polymer nanofiber market is set to touch the USD 1 Bn mark during the
assessment period (2016-2023). Polymer nanofiber is gaining traction in
healthcare, biotechnology, aerospace, drug delivery, tissue engineering among
others. The material is also used in applications such as energy storage,
separation processes, etc.
Both synthetic
and naturally occurring polymers are used for making nanofibers. Polymer
nanofibers have characteristics such as high porosity, large surface
area-to-volume ratio, and greater mechanical strength. These characteristics
gives polymer nanofibers an edge over other microfibers. In fact, microfiber filters are being
replaced by polymer nanofibrous media. This in turn is drawing tremendous
commercial interest towards polymer nanofibers.
Drug delivery
technology is also viewed as an attractive area of utilization for polymer
nanofibers, which is expected to create significant growth opportunities for
the market in the forthcoming years. Nonetheless, the synthesis process of
polymer nanofibers has few drawbacks, which remains a restraining factor for
the market. Additionally, high cost associated with nanofiber partly undermines
the market potentials. To overcome such challenges, significant investment in
polymer nanofiber R&D is being made. Such R&D efforts are expected to
benefit the market and create new growth avenues in the years to come.
Competitive Landscape
· SNS Nano Fiber Technology
· eSpin Technologies
· DuPont
· Donaldson Company, Inc.
· TEIJIN LIMITED
· Catalytic Materials LLC
· Ahlstrom Corporation
· TORAY INDUSTRIES, INC.
· Johns Manville
· Hollingsworth & Vose
Segmental Overview
By end use,
the market has been segmented into energy, medicine, filtration, biotechnology
and others. By method, the market has been segmented into drawing, thermal
induced phase separation (TIPS), template, self-assembly and electrospinning.
Global Polymer Nanofiber
Market: Regional Segmentation
On the basis
of region, the market has been segmented into five key regions, which include
Latin America, North America, the Middle East & Africa (MEA), Asia Pacific,
and Europe. APAC is one of the largest markets for polymer nanofiber. Improving government fund allocation in segments
such as environment conservation and sustainable energy is proving an impetus
to the APAC polymer nanofiber. Countries such as China, Japan and India are
expected to make significant contributions to the market during the forecast
period. This is primary owing to presence of massive or fast-expanding end-use
industries in these countries.
North America
is second in the pecking order and expected to remain a highly attractive
market for polymer nanofiber during the forecast period. The market in North
America is led by the U.S., nanofiber demand in the countries is expected to
grow further in coming years. Several factors are associated with the uptick in
nanofiber sales in the region. Emphasis on energy conservation is one of the
primary market drivers. Presence of large-scale end-use in the U.S. is auguring
well for polymer nanofiber suppliers.
Industry News
· Tejin Group’s fibers and
products coverting business has reportedly developed cost-effective and unique
polishing pads that will improve silicon wafer quality control. These pads are
manufactured using nonwoven Nanofront ultra-fine nanofiber, which developed
using a supple water-absorbent polymer saturated with polyurethane resin.
· Akron Ascent Innovations,
LLC (AAI) a U.S. based technology start-up recently revealed an innovative dry
adhesive technology, which is expected to extremely user friendly. The adhesive
is a high-performance product and will facilitate damage-free clean removal.
The adhesive is made of millions of solid, sub-micron-diameter nanofibers with
low peel force.
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