Global Nanofiber Market Will Grow at a Cagr of 24.12% During the Period 2016-2020

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Nanofibers is a nano-object with the size of 1 billionth of a meter. The fibers are made through electrospinning, which is the most common and commercially used way of manufacturing nanofibers. Through this process, an electrified polymer solution is moved in a high voltage electric field to give elongated nanofibers.

Many nanofibers are laid over one another to form a nano mat. A nano mat is a breathable fabric, but it is so small in sixe that it does not allow even the entry of bacteria. Based on these properties, nanofibers find huge applications in various field applications like filtration, catalysts, semiconductors, optical waveguides, fuel cells, composites, tissue repair, sensors, and scanning probe microscopy in industries such as mechanical, chemical, electronics, energy, automotive, aerospace, sensors, and instrumentation.

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Technavios analysts forecast the global nanofiber market to grow at a CAGR of 24.12% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global nanofiber market for 2016-2020. To calculate the market size, the report considers the revenue generated from the shipment of nanofibers to original equipment manufacturers (OEMs) for applications including filtration, electronic devices, batteries, fuel cells, healthcare, and to manufacture non-woven textiles such as adult incontinence products.

Technavio's report, Global Nanofiber Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

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