Nanofiber Market to Grow at 24.12% CAGR Driven by Technical Textile Industry to 2020
By PRN NewsWire
By PRN NewsWire
PUNE, India, February 5, 2016 /PRNewswire/ —
The nanofiber market is expected to grow as the nanofiber production system is forecast to show improvement during the forecast period 2016 – 2020 with vendors striving to achieve economy of scale and reduce the breakeven point. Many solution providers such as FibeRio technology, Elmarco are coming up with improved technology and new techniques, showcasing their capabilities to provide comprehensive nanofiber solutions.
Complete report on nanofiber market spread across 68 pages, analyzing 7 major companies and providing 38 data exhibits is now available at http://www.sandlerresearch.org/global-nanofiber-market-2016-2020.html.
The analysts forecast global nanofiber market to grow at a CAGR of 24.12% during the period 2016-2020. The increased adoption of nano fibers in technical textile is the primary growth driver for this market. Technical textiles that include nonwovens make up around 25% of the global fiber consumption and have huge demand in areas like medical devices, water purification, and responsive fibrous system.
The filtration application segment dominated the market during 2015, with a market share of around 59%. However, the electronics application segment is expected to see the highest CAGR during the forecast period. Material cost is an important factor driving the nanofiber market in electronics application. Nanofibers have a structural advantage such as enhanced conductivity over other materials and are being used as deposits on the pre-patterned SiO2 substrate in field effect transistor (FET). These transistors and other logic circuits find huge application in the electronics sector. Order a copy of Global Nanofiber Market 2016-2020 report @ http://www.sandlerresearch.org/purchase?rname=50240.
APAC accounted for 36% of the market share during 2015 and is expected to grow at a CAGR of 24% during the forecast period. The high growth rate in this region is attributed to the large funding by governments in this region for research and development to achieve sustainable energy and environment. Countries like Singapore and Japan, are actively involved in improving the energy efficiency of devices by using nanofibers as separators in fuel cells, solar cells and other devices of high energy capacitors
The nanofiber market is in the nascent stage and provides ample opportunities for vendors to capture the market share. Difficulties in production such as the clogging of the needle in the needle-based electrospinning process were limiting the supply of nanofibers. The production has become smoother and free of bottlenecks with the introduction of needle-free electrospinning process provided by Elmarco nanospider electrospinning technology.
The key vendors analyzed in nanofiber market are: Asahi Kasei Fibers, Catalytic Materials, Donaldson, DuPont, Johns Manville, The Nanofiber Group, and Toray. Other prominent vendors in the market include Ahlstrom, Argonide, Clearbridge Nanomedics, Esfil Techno AS, Espin Technologies, Finetex Technologies, Grupo Antolin, Hemcon Medical, Japan Vilene, MemPro, and Nanoval.
Further, the report states that one of the biggest challenges faced by vendors in the nanofiber market is the production scale.
Another related report titled Global Carbon Fiber Prepreg Market 2015-2019 forecasts global carbon fiber prepreg market to grow at a CAGR of 11.58% over the period 2014-2019. Advanced recycling of carbon fiber is a key trend impacting the global carbon fiber market. There has been a growing trend of recycling carbon fiber prepregs waste. These products are commonly recycled by deploying pyrolysis, which involves the vaporization and removal of matrix materials, sizings, and binders, while leaving the carbon fiber intact. Browse complete report @ http://www.sandlerresearch.org/global-carbon-fiber-prepreg-market-2015-2019.html.
Key players in the global carbon fiber prepeg market are: Cytec, Gurit, Hexcel, Mitsubishi Rayon, SGL, Teijin, TenCate and Toray. Other prominent vendors in the market are: Axiom Materials, c-m-p, HC Composite, Kemrock Industries and Exports, Kineco, Kubota Research Associates, Park Electrochemical, Plastic Reinforcement Fabrics, Unicarbon and Zyvex
Explore other new reports on Advanced Material Market at http://www.sandlerresearch.org/market-research/advanced-material.
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