Nanofibers Market Share, Emerging Trends and Overview to 2024: Hexa Reports

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Nanofibers Market Analysis, Share and Size, Emerging

Trends, Growth, Overview And Segment Forecasts To 2024

The global nanofibers market is expected to reach USD 2.89 billion by 2024, 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.

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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 49.2% of total market volume in

2015. 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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Further key findings from the report suggest:

The global nanofibers market demand was 1,008 tons in 2015 and is expected to reach 8,886 tons by

2024, growing at a CAGR of 27.7% from 2016 to 2024

The global composite nanoscale materials accounted for 12.5% of the total nanofibers market in 2015

and are anticipated to reach a net worth of USD 373.6 million by 2024. Increasing...