Nano fibers Market Size, Share and Industry Analysis Report, Regional Outlook, Application Development Potential, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI2053
Global nano fibers market share will grow with exponential use in the healthcare and biomedical sectors. Some of the applications of the material such as wound healing, drug delivery, barrier textile, and tissue engineering have gained notable traction.
Nanofibers provide large surface areas and small pore sizes with enhanced chemical, physical and biological attributes. It can be manufactured through antisolvent-induced polymer precipitation, interfacial polymerization, electrostatic spinning and melt processing. Nanofibers have diameters of less than 1,000 nanometers. Drug delivery has become a major domain as nano fiber membrane from biopolymers is prevalently used as a bioactive material or drug carrier.
The medical application will potentially be a major contributor boosting global nano fibers market share. The use of nanofibers has opened new frontiers to revolutionize disease monitoring, regenerative medicine, diagnostics and drug delivery. It is being used in surgical textiles, wound dressings, tissue engineering, implants and artificial organ components. For instance, the Institute of Advanced Study in Science and Technology, India, introduced a pH-responsive smart bandage for wounds in May 2020. They developed the delivery system through the fabrication of a nanotechnology-based cotton patch using sustainable and cheap materials such as cotton.
Carbon nanofibers are driving the industry growth in drug delivery, tissue engineering, energy devices and sensors. These nano fibers are being used across numerous portfolios, including nanodevices, and for applications like adsorption, structural reinforcement and catalysis. Carbon nano fibers are pure materials ideal for use as receptors, owing to their high geometrical surface and high mechanical strength.
Europe nano fibers market share from the food & beverage application is robustly evolving, with innovations to enhance the safety, food quality and health impacts poised to gain hold in the next few years. The material has opened up new opportunities in processed food inspection. Chitosan-based nano fiber is witnessing gradual demand in the region from pharmaceutical applications, thanks to its properties such as antimicrobial nature, biodegradability, chelating, nontoxicity and gelling.
Notable players in the nano fibers industry are Mitsubishi Rayon Co. Ltd., Johns Pyrograf, ESpin, Donaldson, Elmarco, Revolution fibers, FibeRio, Nanotech labs and Navoval GmbH Co., among several others. These companies will focus on collaboration, R&D and product launches. For instance, E-Spin is manufacturing cost-effective and high-quality multi-functional nanofibers and has rolled out advanced electrospinning units.
Impact of COVID-19 on nano fibers market forecast
The influence of the COVID-19 pandemic has led to both headwinds and tailwinds, impacting the global nano fibers market share. Moderate demand from the automotive and aerospace industries dented the industry outlook in 2020. The use of nano fibers in the manufacturing of face masks has created a growth potential in the landscape. Researchers are using technology based on nano fibers to boost filtration quality and dust interception capability.
Students from Brigham Young University collaborated with Nanos Foundation in October 2020 to introduce a nano fiber membrane using the process called “electrospinning.” They claim it can block 90 to 99% of particles, while preserving breathability and boosting efficacy. Nano fiber masks, in contrast to traditional N95 masks, enable circulation of filtered air, heat and water. The tailwind will potentially provide compelling growth opportunities for nano fibers industry players.
While both advanced economies and emerging countries faced recession in 2020, stakeholders are injecting funds into the production of nano fiber face masks amidst waning demand from the automotive and aerospace sectors.
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