The use of nanofibers for delivery of drugs is not new, there are many applications for nanomaterials. Biopharmaceuticals are nanoparticles with proteins or nucleic acids in them. Protein biopharmaceuticals include hormones, growth factors, enzymes, antibodies, and plasmid DNA. Biotechnological applications of nanofibers include gene and protein delivery, tissue engineering, and the treatment of bacterial infections. The use of fish sarcoplasmic protein (FSP) for electrospinning nanofibers is highly attractive. These polymers are elongated and can be electrospun to produce nanofibers with diameters of hundreds of nanometers to a few micrometers. Furthermore, fish sarcoplasmic protein (SSP) has potential health benefits. It has been linked to type 2 diabetes and may be used to deliver insulin to diabetic patients.

Market Statistics:

The global nanofibers market is estimated to account for US$ 785.49 Mn in terms of value by the end of 2021.

Global Nanofiber Market: Drivers

Increasing adoption of new technology for manufacturing nanofibers such as magneto spinning, force spinning, phase separation, and rotary jet spinning technology is projected to drive market growth. Thus, technological advancement is a significant factor propelling market growth.

Global Nanofiber Market: Opportunities

Growing focus of key players to increase the production capacity of nanofibers to meet the increasing demand from wide range of industries is projected to serve major growth opportunities. For instance, in September 2021, Matregenix Inc., a California-based technology company announces the expansion into a new manufacturing facility in Irvine, California. The company installed a new nanofiber production line at its new site and plans to add at least another one by the end of the year.

Global Nanofiber Market: Restraints

Negative impact of Covid-19 pandemic on end-user industries is projected to restrict the market growth. For instance, demand for polymeric nanofibers after the pandemic has increased in some end-use industries, such as the healthcare and pharmaceutical industries. However, demand for nanofiber in other end-use industries, such as automotive, aerospace, and defense has been severely impacted by the lockdowns imposed by the government to curb the COVID-19 pandemic. According to the International Organization of Motor Vehicle Manufacturers (OICA), automotive production witnessed a 5.2% decline from 96,869,020 units in 2018 to 92,175,805 units in 2019. Production volume further declined through 2020 to reach 77,621,582 units.

Global Nanofiber Market - Impact of Coronavirus (Covid-19) Pandemic

The outbreak of COVID-19 pandemic has created instability in the nanofiber industry worldwide. However, the market is now estimated to have reached pre-pandemic levels and is projected to grow steadily over the forecast period.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/nanofiber-market-5129

Key Takeaways:

The global nanofiber market was valued at US$ 785.49 Mn in 2021 and is forecast to reach a value of US$ 2210.11 Mn by 2030 at a CAGR of 17.47% between 2022 and 2030.

Polymeric Nanofiber segment held dominant position in the global nanofiber market in 2021, accounting for 50.0% share in terms of value, increasing approval and launch of new products is expected to propel growth of the segment during the forecast period.

Global Nanofiber Market Trends:

Increasing use of nanofiber in high-efficiency particulate air (HEPA) filters is projected to shape the market growth positively. Electrospun nanofiber-based filter media exhibit high ratio of surface/volume, good interconnectivity of voids, low-pressure drop, and controllable connectivity and morphology. These properties are making it excellent filtering material.

Growing demand for nanofiber from water treatment sector as scaffold for TFC (thin-film composite) membranes in the pressure and osmotic membrane processes will favour the market growth. Moreover, it is also used in the thermally-driven MD (membrane distillation) process for water treatment.

Thus, all these market trends are projected to contribute the market growth over the forecast period.

Global Nanofiber Market: Competitive Landscape   

  1. Applied Sciences Inc.
  2. Argonide Corporation
  3. CHUETSU PULP & PAPER CO. LTD
  4. Donaldson Company Inc.
  5. DuPont
  6. Esfil Tehno AS
  7. eSpin Technologies Inc.
  8. Hollingsworth & Vose Company
  9. IREMA-Filter GmbH
  10. Japan Vilene Company Ltd
  11. LIME
  12. Merck KgAA
  13. Nanofiber Solutions
  14. NanoLayr Limited
  15. NANOVAL GmbH & Co. KG
  16. NIPPON PAPER INDUSTRIES CO. LTD
  17. PARDAM s.r.o.
  18. SAPPI LTD
  19. SNC Fibers
  20. SPUR AS
  21. TEIJIN LIMITED
  22. TORAY INDUSTRIES INC.
  23. US Global Nanospace Inc.

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