Middle East and Africa Nanofiber Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material and Application

Healthcare & Life Sciences to be the fastest growing segment of Middle East & Africa Nanofiber market during the forecast period of 2021-2028

According to a new market research study on “Middle East & Africa Nanofiber market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Material and Application,” the market is expected to reach US$ 44.60 million by 2028 from US$ 11.42 million in 2020. The market is estimated to grow at a CAGR of 21.5% from 2021 to 2028. The report provides trends prevailing in the Middle East & Africa nanofiber market along with the drivers and restraints pertaining to the market growth. Traits of nanofiber coupled with their ability to be manufactured from a broad range of materials, ramping industrialization and the need to reduce harmful emissions from the industrial plants and improvement of electrospinning mechanisms for nanofibers to increase throughput are the major factor driving the growth of the nanofiber market. However, complexities and challenges occurring for nanofibers in healthcare and biomedical engineering hinder the growth of nanofiber market.

South Africa has the largest COVID-19 cases in the Middle East and Africa region, and is followed by Saudi Arabia and UAE, among others. UAE was the first country in Middle East and Africa to report a confirmed case of coronavirus. Due to lockdown in Middle East and African countries, various companies remain closed which led to the reduction in the sale of various products which has negatively impacted the market for nanofiber in the region.

Middle East & Africa nanofiber market is segmented based on material and Application. Based on material, the Middle East & Africa 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.; and Elmarco s.r.o. are among some of the leading companies in the Middle East & Africa 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, Donaldson Company, Inc. acquired BOFA International LTD. The acquisition of BOFA supports well with the company’s strategy by growing its industrial Air filtrationbusiness and expanding its company through technology-led filtration solutions.

The report segments the Middle East & Africa Nanofiber Market as follows:

Middle East & Africa Nanofiber Market - By Material

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

Middle East & Africa Nanofiber Market - By Application

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

Middle East & Africa Nanofiber market - By Country

• South Africa
• Saudi Arabia
• UAE
• Rest Of MEA

Reasons to buy:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa 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