South America Nanofiber Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material and Application

Polymeric Nanofiber Segment to Dominate the South America Nanofiber Market during 2020-2028

According to a new market research study on “South America Nanofiber Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Material and Application,” the market is expected to reach US$ 111.71 million by 2028 from US$ 24.73 million in 2021. The market is estimated to grow at a CAGR of 24% from 2021 to 2028. The report provides trends prevailing in the South America nanofiber market along with the drivers and restraints pertaining to the market growth. Enhancement in electrospinning mechanisms for nanofibers to increase throughput, widening support from government for research & development activities on nanotechnology and characterstics of nanofiber intangled with their ability to be manufactured from a broad range of materials are the major factor driving the growth of the nanofiber market. However, intricacies and challenges occurring for nanofibers in healthcare and biomedical engineering hinder the growth of nanofiber market.

Brazil has the highest number of COVID-19 cases, followed by Argentina, Peru, Chile, and Ecuador among others. The government of South America has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that South America will face lower export revenues, both from the drop-in commodity prices and reduction in export volumes, especially to China, Europe, and the United States, which are important trade partners. Containment measures in several countries of South America will reduce economic activity in the manufacturing and service sectors for at least the next quarter, with a rebound once the epidemic is contained.

South America nanofiber market is segmented based on material and Application. Based on material, the South America 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 South America 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, Abalioglu Teknoloji is a turkey-based manufacturer has built its Nanofiber production capability and used industrial Nanospider equipment of Elmarco. The company has supplied 1.6 m production line along with an entire set of peripherals for high volume roll-to-roll operation. This technology facilitates Abalioglu Teknoloji to enter into the market and to offer high performance Nanofibers under HIFYBER brand.

The report segments the South America Nanofiber Market as follows:

South America Nanofiber Market - By Material

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

South America Nanofiber Market - By Application

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

South America Nanofiber Market - By Country

• Brazil
• Rest of SAM

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• The key findings and recommendations highlight crucial progressive industry trends in South America 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 South America 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