PUBLISHER: The Business Research Company | PRODUCT CODE: 1693338
PUBLISHER: The Business Research Company | PRODUCT CODE: 1693338
Nanofibers are ultrafine fibers characterized by diameters within the nanometer range, typically ranging from 1 nm to 1 μm. These fibers can be derived from a variety of polymers, encompassing both natural and synthetic materials, and showcase distinctive physical properties. Notably, nanofibers exhibit a substantial surface area-to-volume ratio, high porosity, and remarkable mechanical strength.
Nanofibers are categorized into several main product types, including carbon nanofiber, ceramic nanofibers, composite nanofiber, polymeric nanofiber, carbohydrate-based nanofiber, and metallic/metal oxides. Ceramic nanofibers, a specific type within this classification, exhibit distinct properties such as a high surface area-to-volume ratio, exceptional porosity, and impressive mechanical and thermal characteristics. Various technologies are employed in the production of nanofibers, including magnet spinning, force spinning, rotary jet spinning, and others. These nanofibers find applications across diverse industries, such as water and air filtration, automotive and transportation, textiles, medical, electronics, and energy storage. Additionally, they are utilized by different end-users, including those in mechanical, chemical and environmental fields, medical, life sciences, pharmaceuticals, electronics, and other sectors.
The nanofibers market research report is one of a series of new reports from The Business Research Company that provides nanofibers market statistics, including nanofibers industry global market size, regional shares, competitors with a nanofibers market share, detailed nanofibers market segments, market trends and opportunities, and any further data you may need to thrive in the nanofibers industry. This nanofibers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The nanofibers market size has grown rapidly in recent years. It will grow from $1.96 billion in 2024 to $2.21 billion in 2025 at a compound annual growth rate (CAGR) of 13.1%. The growth in the historic period can be attributed to growing demand from pharmaceutical and medical industry, increased use of nanofibers in the electronics segment, new applications of nanofibers in agriculture.
The nanofibers market size is expected to see rapid growth in the next few years. It will grow to $3.37 billion in 2029 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to increasing utilization in flexible and stretchable electronics, increasing potential use of nanofibers in food applications, increasing production of carbon nanofibers from biomass and biomass blends. Major trends in the forecast period include advance research and development and growing market for cellulosic nanofibers, product innovations, growing trend of recyclable packaging materials, collaborations, investments.
The increasing demand for electronics is anticipated to drive the expansion of the nanofibers market in the future. Electronics is the field of physics and technology that focuses on the study, design, and application of devices and systems that manage the flow of electrons or other charge carriers within semiconductors or conductors. Nanofibers are highly adaptable and play a crucial role in advancing electronic technologies, helping to create smaller, more efficient, and multifunctional devices. For example, in October 2023, the Shanghai Municipal People's Government reported that China's consumer electronics retail sales are expected to grow by 4 percent, reaching 2.2 trillion yuan (US$305 billion) this year, with growth projected to increase to 5 percent in 2024. This rising demand for electronics, therefore, is fueling the growth of the nanofibers market.
Prominent companies in the nanofiber market are actively investing in innovative technologies, with a particular focus on recyclable packaging materials to address environmental concerns and promote sustainability. Recyclable packaging materials, capable of being reused and recycled, contribute to environmental sustainability by facilitating recovery and reprocessing into new products. Mondi Plc, a UK-based multinational packaging and paper group, exemplifies this commitment by introducing BarrierPack Recyclable in March 2022. This recyclable packaging material utilizes nanofiber technology, offering sustainable packaging solutions. The structure of BarrierPack Recyclable is made of PP or PE monomaterial, achieving certification as recyclable with an AAA rating (>95%). The packaging is not only lighter and stronger than PET or PE but also provides high oxygen and moisture barriers, suitable for diverse product applications. Mondi's emphasis on recyclable and sustainable packaging aligns with its position as a leading producer of sustainable packaging solutions.
In July 2022, NanoLayr Ltd., a UK-based manufacturer of polymer materials, purchased Revolution Fibres for an undisclosed sum. The goal of this acquisition is to harness Revolution Fibres' innovative expertise to strengthen NanoLayr's nanotechnology portfolio. Revolution Fibres is a UK-based company specializing in advanced electrospinning technology for the production of nanofibers.
Major companies operating in the nanofibers market report are Espin Technologies Inc., Hollingsworth & Vose, Nippon Paper Industries Co. Ltd., Teijin Ltd., Toray Industries Inc., Argonide Corp., Chuetsu Pulp & Paper Co. Ltd., Donaldson Co. Inc., Lime, Spur A.S., Abalioglu Holding A.S., Acs Material, Asahi Kasei Corp., Inmed Llc., Nxtnano, Showa Denko K.K., Up Catalyst, Applied Sciences Inc., DuPont Esfil, Tehno ASAS, IREMA-Filter GmbH, Japan Vilene Company Ltd., Merck KGAA, Nanofiber Solutions, NanoLayr Limited, Nanoval GmbH & Co. KG, Pardam s.r.o, Sappi Ltd., SNC Fibers
North America was the largest region in the nanofibers market in 2024. The regions covered in the nanofibers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the nanofibers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The nanofibers market consists of sales of silica nanofibers, and organic nanofibers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Nanofibers Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on nanofibers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for nanofibers ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The nanofibers market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.