North America Nanofiber Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 20.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Nanofiber Market Analysis
The North Americananofiber market is estimated to witness a significant growth, at an estimated CAGR of around 20%, over the forecast period. Major factor driving the market studied is the growing commercialization due to increasing end-user applications. On the flipside, the lack of sensitive instrumentation to calibrate properties of nanofibers is expected to hinder the growth of the market studied.
- The healthcare and biomedical segment dominated the market, and is likely to grow during the forecast period, owing to the growing application in the field of medical, pharmaceuticals, and life science and the increasing investments in the healthcare industry.
- Increasing R&D and high-potential market for cellulosic nanofibers are likely to act as an opportunity in the future.
- United States accounted for the largest market share and is expected to continue domination during the forecast period.
North America Nanofiber Market Trends
This section covers the major market trends shaping the North America Nanofiber Market according to our research experts:
Healthcare and Biomedical Segment to Dominate the Market Demand
- The healthcare and biomedical industry is the largest contributor to the growing demand of nanofibers, across the region.
- Applications, such as drug delivery, wound healing, tissue engineering, and barrier textile employs services of nanofibers on a wide scale in the healthcare and biomedical industry.
- In drug delivery applications, nanofiber membrane from biopolymers is widely used as a bioactive material or drug carrier.
- Nanofiber layers produced from biopolymers (chitosan, gelatin, collagen, polycaprolactone, etc., or combinations of these materials) can also be used as a wound dressing for significant support of the wound healing process.
- These materials also act as possible substrates for growing cells. Nanofibers also act as an effective barrier for microorganism penetration (viruses, bacteria, and molds).
- Hence, all such market trends are expected to drive nanofibers demand for medical applications in the region during the forecast period.
United States to Dominate the Market
- The United States electronics market is the largest market in the world in terms of size. Furthermore, it is expected to remain the leading market over the forecast period, due to the usage of advanced technology, an increase in the number of R&D centers, and rising demand from the consumers.
- There is a significant demand for newer and faster electronic products due to the rapid pace of innovation, advancement of technology, and R&D activities in the electronics industry. There is a significant increase in the number of manufacturing plants and development centers in the United States, primarily due to the focus on developing high-end products.
- The healthcare sector in the United States is by far one of the most advanced sectors in the country. At this rate, the healthcare spending in the country will be approx. 20% of the entire GDP by 2027.
- According to the Federal Aviation Administration (FAA), the total commercial aircraft fleet is expected to reach 8,270 in 2037, owing to the growth in air cargo. Also, the US mainliner carrier fleet is expected to grow at a rate of 54 aircrafts per year due to the existing fleet getting older. Strong exports of aerospace components to countries, such as France, China, and Germany, along with robust consumer spending in the United States are driving the manufacturing activities in the aerospace industry.
- Due to all such factors, the market for nanofiber in the country is expected to have a steady growth during the forecast period.
North America Nanofiber Industry Overview
The North Americananofiber market is partially consolidated in nature. The major companies include Mitsubishi Chemical Corporation, Hollingsworth & Vose, eSpin Technologies, and TORAY INDUSTRIES, INC., among others.
North America Nanofiber Market Leaders
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Mitsubishi Chemical Corporation
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Hollingsworth & Vose
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eSpin Technologies
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TORAY INDUSTRIES, INC.
*Disclaimer: Major Players sorted in no particular order
North America Nanofiber Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Growing Commercialization Due to Increasing End-user Applications
- 4.1.2 Increasing Expenditure in R&D activities
- 4.1.3 Emerging Advanced Nanofiber Production Systems
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4.2 Restraints
- 4.2.1 Lack of Sensitive Instrumentation to Calibrate Properties of Nanofibers
- 4.3 Industry Value-Chain Analysis
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4.4 Porte'rs Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
- 4.5 Technology Snapshot
5. MARKET SEGMENTATION
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5.1 Product Type
- 5.1.1 Carbon Nanofiber
- 5.1.2 Ceramic Nanofiber
- 5.1.3 Composite Nanofiber
- 5.1.4 Glass Nanofiber
- 5.1.5 Metallic Nanofiber
- 5.1.6 Polymeric Nanofiber
- 5.1.7 Other Product Types
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5.2 End-user Industry
- 5.2.1 Electronics
- 5.2.2 Healthcare and Biomedical
- 5.2.3 Automotive
- 5.2.4 Energy
- 5.2.5 Chemical
- 5.2.6 Aerospace and Aviation
- 5.2.7 Defense and Security
- 5.2.8 Composites
- 5.2.9 Textile
- 5.2.10 Other End-user Industries
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5.3 Geography
- 5.3.1 United States
- 5.3.2 Canada
- 5.3.3 Mexico
- 5.3.4 Rest of North America
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 AHLSTROM-MUNKSJO
- 6.4.2 Applied Sciences Inc.
- 6.4.3 Argonide Corp.
- 6.4.4 Clearbridge NanoMedics
- 6.4.5 Donaldson Company, Inc.
- 6.4.6 DuPont
- 6.4.7 eSpin Technologies
- 6.4.8 Hollingsworth & Vose
- 6.4.9 Irema-Filter GmbH
- 6.4.10 Mitsubishi Chemical Corporation
- 6.4.11 Nanofiber Solutions
- 6.4.12 NanoTechLabs Inc.
- 6.4.13 TORAY INDUSTRIES, INC.
- 6.4.14 US Global Nanospace, Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Increasing R&D and High-potential Market for Cellulosic Nanofibers
North America Nanofiber Industry Segmentation
The North America nanofiber market report includes:
| Product Type | Carbon Nanofiber |
| Ceramic Nanofiber | |
| Composite Nanofiber | |
| Glass Nanofiber | |
| Metallic Nanofiber | |
| Polymeric Nanofiber | |
| Other Product Types | |
| End-user Industry | Electronics |
| Healthcare and Biomedical | |
| Automotive | |
| Energy | |
| Chemical | |
| Aerospace and Aviation | |
| Defense and Security | |
| Composites | |
| Textile | |
| Other End-user Industries | |
| Geography | United States |
| Canada | |
| Mexico | |
| Rest of North America |
North America Nanofiber Market Research FAQs
What is the current North America Nanofiber Market size?
The North America Nanofiber Market is projected to register a CAGR of greater than 20% during the forecast period (2024-2029)
Who are the key players in North America Nanofiber Market?
Mitsubishi Chemical Corporation, Hollingsworth & Vose, eSpin Technologies and TORAY INDUSTRIES, INC. are the major companies operating in the North America Nanofiber Market.
What years does this North America Nanofiber Market cover?
The report covers the North America Nanofiber Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Nanofiber Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Nanofiber Industry Report
Statistics for the 2024 North America Nanofiber market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Nanofiber analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
