Asia Pacific Nanofiber Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material and Application

Carbon Nanofiber to be the fastest growing segment of the Asia Pacific Nanofiber market during the forecast period of 2021-2028

According to a new market research study on “Asia Pacific Nanofiber market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Material and Application,” the market 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% from 2021 to 2028. The report provides trends prevailing in the Asia Pacific nanofiber market along with the drivers and restraints pertaining to the market growth. Exceeding support from Government for research & development activities on nanotechnology, Evolution of Electrospinning mechanisms for Nanofibers to increase throughput and Characterstics of Nanofiber coupled with their ability to be manufactured from a broad range of materials are the major factor driving the growth of the nanofiber market. However, Complications and challenges occurring for Nanofibers in healthcare and biomedical engineering hinder the growth of nanofiber market.

The COVID-19 is anticipated to cause a significant economic loss in the Asia-Pacific region especially in developing countries like India. The consequence and impact can be even worse and totally depends on the spread of the virus. The governments of various Asia-Pacific countries are taking possible steps to restrict the spread of the virus by announcing lockdown, which in turn has negatively impacted the revenue generated by the market. The Government have asked the manufacturers to delay their production which will adversely affect the global supply of Nanofiber. China is the largest manufacturer in the world, with presence of several diverse industries including automotive, electronics, semiconductors, pharmaceuticals and others. Shutdown of manufacturing plants of these industries had impacted Nanofibers market. However, the country is trying to resume their operations and normalize the situation which is expected to stable the market condition.

Asia Pacific nanofiber market is segmented based on material and Application. Based on material, the Asia Pacific nanofiber market is segmented into polymeric nanofiber, carbon nanofiber, ceramic nanofiber, glass nanofiber and others. The polymeric nanofiber segment accounted for the highest share in the market in 2020 and carbon nanifiber segment is expected to be fastest growing during forecast period. Based on application, the market is segmented into consumer goods & textiles, electronic components, industrial air filtration, defense & security, power & energy, healthcare & life sciences, chemicals & environment and others. The Industrial Air filtration segment accounted for the highest share in 2020 and healthcare & life sciences segment is expected to be the fastest growing during forecast period.

Ahlstrom-Munksjo; Asahi Kasei Corporation; Donaldson Company, Inc.; DuPont; Nanofibers Solution LLC, Inc.; Toray Industries, Inc.; Elmarco S.R.O.; and Revolution Fibers Ltd. are among some of the leading companies in the Asia Pacific nanofiber market. The market players focus on new product innovations and developments in order to achieve sustainable growth and to distinguish themselves among competitors present in the highly competitive express delivery market. For instance A new electrospinning machine named as Iguana to produce activLayr which is a skincare product manufactured by Revolution Fibres. The Iguana converts collagen and additional extracts into a sheet of Nanofiber. When it is exposed to a wet skin, it gets dissolve quickly and circulate bioactives into the skin.

The report segments the Asia Pacific Nanofiber Market as follows:

Asia Pacific Nanofiber Market - By Material

• Polymeric Nanofiber
• Carbon Nanofiber
• Ceramic Nanofiber
• Glass Nanofiber
• Others

Asia Pacific Nanofiber Market - By Application

• Consumer Goods & Textiles
• Electronic Components
• Industrial Air filtration
• Defense & Security
• Power & Energy
• Healthcare & Life sciences
• Chemicals & Environment
• Others

Asia Pacific Nanofiber market - By Country

• Australia
• China
• India
• Japan
• Rest of APAC

Reasons to buy:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific nanofiber market
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific nanofiber market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the nanofiber market as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution