LONDON, Aug. 23, 2016 /PRNewswire/ -- This BCC Research report provides a review of nanofiber technology, including materials and production processes, and identifies current and emerging applications for this technology. Forecast provided through 2020.
Use this report to:
Receive an overview of nanofibers, focusing on materials, fabrication technologies and applications.
Learn about the existing fields of application for nanofibers and investigate emerging applications.
Identify important technology and industry trends within each market segment.
Gain insight into relevant research and development activities.
Highlights
The global market for nanofiber product reached $203.2 million and $276.8 million in 2013 and 2014, respectively. This market is projected to grow from $383.7 million in 2015 to nearly $2.0 billion in 2020, representing a compound annual growth rate (CAGR) of 38.6% between 2015 and 2020.
The mechanical/chemical/environmental segment of this market will grow from $254.4 million in 2015 to nearly $1.1 billion in 2020 at a CAGR of 32.8% for the period 2015-2020.
The life science segment of this market will grow from $45.3 million in 2015 to $493.2 million in 2020 at a CAGR of 61.2% for the period 2015-2020.
STUDY GOALS AND OBJECTIVES
BCC Research has tracked the nanofiber market since 2005, reporting on all the latest developments. During this period, the market has grown at a compound annual growth rate (CAGR) of approximately 25%, representing one of the fastest-growing segments within the nanotechnology sector.
With this study, BCC Research continues its commitment to monitoring the nanofiber market by providing an updated review of the most important advances in nanofiber technology and production methods, as well as by supplying a detailed overview of the current market, including an objective analysis of prospects for future growth.
The major objectives of this study are to:
Provide an updated review of nanofibers, focusing on materials, fabrication technologies and applications.
Highlight new technological developments during the past three years and outline current technical issues.
Review existing fields of application for nanofibers and investigate emerging applications.
Estimate current global markets for nanofibers by material type, application and region, with growth forecasts through 2020 for each market segment.
Identify important technology and industry trends within each market segment.
Supply an updated review of current industry players, including manufacturers of nanofiber-based products, materials, equipment, technology developers and future market participants.
Provide a description of the most relevant research and development activities.
Determine trends in recently issued U.S. patents.
REASONS FOR DOING THIS STUDY
Nanofibers are traditionally defined as nanostructures with diameters of less than 1,000 nanometers and length-to-width ratios typically greater than 50. The global nanotechnology market, encompassing nanostructured materials, nanotools and nanodevices, was estimated to be worth approximately $23 billion in 2015, with
continued steady growth expected. Nanofibers are currently estimated to represent more than 2% of this market, but their share is expected to grow in the future as the use of nanofibers expands at a faster rate than other segments of the nanotechnology sector.
The high surface area offered by nanofibers, combined with other physical, electrical, thermal and mechanical properties, makes them suitable for various commercial applications, including electronics, energy, echanical/chemical/ environmental, consumer and life sciences.
At the time of BCC Research's last report (May 2013), the global market for nanofibers was valued at only $151.7 million, but it was experiencing rapid double-digit growth.
Since then, nanofiber fabrication technologies have continued to evolve. New applications have been developed, and others that have completed the development stage are now entering commercialization.
The principal reason for doing this study is to present a current assessment of the nanofiber industry from both a technological and market point of view, as well as to outline future trends and key developments.
There is also a need to evaluate the current status and future trends of this market from a global standpoint. As the use of nanofiber-based products expands and new fields of application emerge, information concerning the suppliers and developers of these products and their regional distribution becomes more valuable.
An equally important reason for undertaking this study is to provide technical insights into nanofiber manufacturing by:
Providing a review of materials, their specific applications and production methods.
Identifying current technical trends.
Providing an overview of the main global R&D activities related to nanofibers, resulting in the issuance of patents.
Illustrating the latest technological developments.
This information can assist companies in identifying opportunities for process and productivity improvements, as well as new product development, resulting in a positive impact on future market growth.
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