Polymer nanofiber offers great flexibility and excellent porosity in surface functionality, due to which they are widely used in several areas such as material reinforcement, energy, sensors, filtration, and catalysis. Nanofibers can be extracted using various production techniques, of which widely used is electrospinning. Market Research Future estimated that the global polymer nanofiber market would grow at CAGR of 29.6% during the forecast period, 2022-2030.
pharmaceutical, biotechnology, and agri-food industries are factors anticipated to stimulate the global polymer nanofiber market Nanofiber polymers are extensively utilized as a filtration medium in latter industries to produce a superior product. In addition, the growing use of polymer nanofiber as scaffolds to produce an extracellular matrix for bone tissue in the medical sector is projected to drive the global demand for polymer nanofibers. Moreover, the launch of nanotechnology as new to interdisciplinary science should support the growth of polymeric nanofibers over the forecast period.
Competitive Leaderboard:
Some of the leading industrial players contributing with their product portfolio and offerings in the global polymer nanofiber market include Ahlstrom Corporation, Donaldson Company, Inc., SNS Nano Fiber Technology, Johns Manville, Catalytic Materials LLC, TORAY INDUSTRIES, INC., TEIJIN LIMITED, eSpin Technologies, Catalytic Materials LLC, and Hollingsworth Vose among others.
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Market Segmentation:
The global polymer nanofiber market is segmented based on methods, application, and end-use industry.
Based on the method, the global polymer nanofiber market into electrospinning, drawing, thermal-induced phase separation (tips), and template.
The application segment is bifurcated into filtration, biotechnology, medical, and energy storage.
Moreover, the global polymer nanofiber market is also segmented based on the end-use industry; this includes pharmaceutical, electronics, food beverage, and biomedical.
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Regional Analysis:
North America led the global polymer nanofiber market and represented a significant market share in 2022. This is mainly due to the escalating demand for polymer nanofibers in the growing pharmaceutical and biomedical sector backed by surging demand for implant product in the region. The US is the dominating country in the region due to growing demand for high-quality products and advancement in the field of biotechnology, which spurs maintains the demand for polymer nanofibers in the region.
The Asia Pacific market is anticipated to show a noteworthy growth rate during the forecast period due to increased industrialization and urbanization in the region. Increasing use of nanofiber polymer filtration technologies in the growing food and beverage industry is anticipated to stimulate demand in the regional market. China is the major consumer and the rapidly growing market in the region, followed by Southeast Asian countries and India.
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