Jun 23, 2017   SOURCE: BusinessWire

Global Nanofiber Market - Drivers and Forecasts by Technavio

Technavio analysts forecast the global nanofiber market to grow at a CAGR of more than 28% during the forecast period, according to their latest report.

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Technavio has published a new report on the global nanofiber market from 2017-2021. (Graphic: Busine ...

Technavio has published a new report on the global nanofiber market from 2017-2021. (Graphic: Business Wire)

The research study covers the present scenario and growth prospects of the global nanofiber market for 2017-2021. The market is segmented on application (air and liquid filtration, energy, electronics, and medical) and product type (polymer, carbon, glass, ceramics, composite, and metallic). The market is further segmented into geography, including APAC, the Americas, and EMEA.

One of the major reasons for the growth of nanofiber is its application in air and liquid filters. Various pollution limits are set by governments, and meeting those regulations are a must for companies. Nanofiber-based filters provide a much higher filtration efficiency. The potential applications of nanofibers in the medical industry, such as tissue regeneration and drug delivery systems, have also been the major reasons for the market growth.

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Technavio hardware and semiconductor research analysts highlight the following three factors that are contributing to the growth of the global nanofiber market:

  • Increased use of nanofibers in air and liquid filtration devices
  • Increase in demand for nanofibers in electronics segment
  • Improvement in production technology of nanofibers

Increased use of nanofibers in air and liquid filtration devices

There are various filtration methods like charcoal filters, catalytic filters, magnetic filters, and glass filters, used for air and liquid filtration. Nanofibers are usually placed as a coating on the filtration substrates. By doing this, the filtering capacity increases and the overall filtration process becomes more efficient.

Raghu Raj Singh, a lead embedded systems research analyst at Technavio, says, “The cost of the nanofiber and substrate combination is almost equal to the commercial filtration media. This indicates that there is a high degree of filtration at a lower cost. The physical properties of nanofibers do not allow bacteria, dust particles, and viruses to pass through due to their extensive interconnection and high specific surface area.”

Increase in demand for nanofibers in electronics segment

Polymer nanofibers that are fabricated by the electrospinning technique show a high potential application in photonics and electronics due to features such as chemical flexibility, low costs, and ease of manufacturing. Nanofiber can be used as an active element for various light-emitting sources, sensors, and energy harvesters.

“An area of interest where nanofibers have shown their high potential application is in organic semiconductors. Organic semiconductors are organic materials that display semiconducting properties. These are lightweight, efficient, and available at low costs. The fabrication techniques that are employed to manufacture these nanofibers are inexpensive,” adds Raghu.

Improvement in production technology of nanofibers

The increase in the size of the nanofiber market has forced firms to either develop new technologies or improve the old technologies. At present, the most extensively researched method for the manufacture of nanofibers is electrospinning. Large-scale production of nanofibers has not been possible because of various technical issues such as the blockage of the needle with polymeric solution and the small amounts of nanofibers due to a single jet.

Technology came out with a forcespinning technology that used centrifugal force as the main principle rather than the electrostatic field. This method can use polymer melts as well as solutions.

Top vendors:

  • Donaldson Company
  • Finetex EnE
  • FibeRio Technology
  • Elmarco
  • Asahi Kasei
  • eSpin Technologies

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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