Asia Pacific Nanofiber Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material (Polymeric Nanofiber, Carbon Nanofiber, Ceramic Nanofiber, Glass Nanofiber, and Others) and Application (Industrial Air Filtration, Defense & Security, Consumer Goods & Textiles, Electronic Components, Power & Energy, Healthcare & Life Sciences, Chemical & Environment, and Others)
The nanofiber market in Asia Pacific is expected to reach US$ 1,424.49 million by 2028 from US$ 253.27 million in 2021. The market is estimated to grow at a CAGR of 28.0% from 2021 to 2028.
The electrospinning of fibers has been widely adopted as the simplest, yet effective and the productive approach for the production of nanofibers. Electrostatic stretching the viscoelastic jets from solutions belonging to different materials in the electrospun method of nanofiber production to offer solutions in critical aspects of healthcare, industries, and energy storage & generation. The output of this manufacturing method is very small, thereby has created a need for better output. A numerous approaches and techniques have been derived for the high throughput of nanofiber production through electrospinning process. With the help of multiple nozzles technique and needleless electrospinning, the production efficiency of nanofibers increases considerably. They offer different flexibilities at the time of production and therefore can produce good amounts of nanofibers.
The COVID-19 outbreak pandemic caused a significant economic loss in Asia Pacific, especially in developing countries such as India. The consequence and impact can be even worse and totally depends on the spread of the novel coronavirus that causes COVID-19. The governments of Asia Pacific countries are taking possible steps to restrict the spread by announcing lockdown, which, in turn, is negatively impacting the revenue generated by the market. The governments have asked the manufacturers to delay their production, which is disrupting the global supply of nanofiber. China is the largest manufacturer in the world with the presence of diverse industries, such as automotive, electronics, semiconductors, and pharmaceuticals. Shutdown of manufacturing plants of these industries had impacted the nanofibers market in the region. However, the country is trying to resume their operations and normalize the situation, which is expected to stable the market condition in coming months.
Based on material, the Asia Pacific nanofiber market is segmented into polymeric nanofiber, carbon nanofiber, ceramic nanofiber, glass nanofiber, and others. The market for the carbon nanofiber segment is expected to grow at the highest rate during the forecast period. Carbon nanofibers are made by eliminating non-carbon elements from the synthetic and biopolymers at very high temperatures. The floating catalyst method is used for the carbon Nanofiber manufacturing, where a variety of metals in the powder or support forms are used as catalytic entities. Foils, gauzes, and wires are other catalysts used in the production of Nanofibers. Carbon Nanofibers exhibit physical properties such as high discontinuity and high compatibility, as well as they are highly graphitic. In addition, in terms of mechanical properties, carbon Nanofibers are excellent with high electrical and thermal conductivity that can be applied into a broad range of applications. The application areas for carbon Nanofibers consist of thermoplastics, elastomers, thermosets, ceramics, elastomers, and metals. Also, owing to their high tensile strength, and high thermal and electrical conductivity, carbon Nanofibers are widely used in orthopedic, dental, and tissue engineering scaffolds.
The Asia Pacific nanofiber market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the Asia Pacific nanofiber market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Asia Pacific nanofiber market. Ahlstrom-Munksjo; Asahi Kasei Corporation; Donaldson Company, Inc.; DuPont; Nanofibers Solution LLC, Inc.; Toray Industries, Inc.; Revolution Fibres Ltd.; and Elmarco s.r.o. are a few leading companies operating in the market.
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