Nanofibers Market To Reach $4.78 Billion By 2030 | CAGR: 8.8%

Nanofibers Market Growth & Trends

The global nanofibers market size is expected to reach USD 4.78 billion by 2030, growing at a CAGR of 8.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Technological advancements in the field of nanomaterials, coupled with increasing demand for materials such as carbon, glass, ceramic, and polymeric in various end-use segments, are expected to drive growth over the forecast period. Surging demand for nanotechnology-enabled smart textiles, filtration, tissue engineering & regeneration, wound healing, drug delivery, and biosensors is expected to steer nanofibers market penetration in the medical sector over the next few years. 

However, stringent guidelines and standards for manufacturing, handling, and sales of nanomaterials by international agencies such as ISO, NIST, and Nanomaterials Registry may hamper market growth. The nanofibers industry growth may further be restrained by regulations pertaining to the toxicity of metal and carbon-based nanoparticles. 

Nanoscale polymer fibers dominated the global demand accounting for 46.8% of total market volume in 2023. Large-scale application of these materials in high-efficiency air filters coupled with increasing usage in medical devices and drug delivery systems especially in the mature economies can be attributed to high penetration.

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Nanofibers Market Report Highlights

• The global nanofibers market size was valued at USD 2.38 billion in 2023 and is projected to grow at a CAGR of 8.8% from 2024 to 2030.

• Cellulose nanofibers are expected to register the fastest CAGR of 9.5% over the forecast period.

• Electronics segment is projected to grow at the fastest CAGR of 9.7% during the forecast period.

• Asia Pacific nanofibers market is anticipated to witness the fastest growth over the forecast period, registering a CAGR of 9.3%.

Nanofibers Market Segmentation

Grand View Research has segmented the global nanofibers market report based on product, end use, and region:

Nanofibers Product Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

• Polymer

• Carbon

• Cellulose

• Composite

• Metallic

• Other Products

Nanofibers End Use Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

• Electronics

• MCE

• Energy

• MLP

• Other End Uses

Nanofibers Regional Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • Taiwan

  • South Korea

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • Saudi Arabia

List of Key Players of Nanofibers Market

• Ahlstrom

• TORAY INDUSTRIES, INC.

• DuPont

• Asahi Kasei Corporation

• Donaldson Company, Inc.

• Elmarco Ltd.

• Johns Manville. A Berkshire Hathaway Company

• Jiangxi Xian Cai Nanofibers Technology Co., Ltd.