The market for nanofibers was valued at $128.3 million in 2011 and $151.7 million in 2012. The report forecasts total market value to reach $570.2 billion in 2017, after increasing at a five-year compound annual growth rate of 30.3%.
Online PR News – 02-August-2013 – Wellesley, MA – Wellesley, Mass., July 9, 2013 – According to a new technical market research report, GLOBAL MARKETS AND TECHNOLOGIES FOR NANOFIBERS (NAN043C), from BCC Research (www.bccresearch.com), the market for nanofibers was valued at $128.3 million in 2011 and $151.7 million in 2012. The report forecasts total market value to reach $570.2 billion in 2017, after increasing at a five-year compound annual growth rate of 30.3%.
According to the report, nanofibers are currently the fastest growing segment of the nanotechnology market, even though they currently account for just over 1% of the nanotechnology market. Nanofibers have a growing number of uses, including electronics, energy, mechanicals and chemical, and consumer and life sciences. The high surface area and other attributes of nanofibers are expanding its application usage to new industrial domains and making them standout in nanotech.
This study details the latest developments in nanofiber technology, including material types, fabrication processes and applications. It also provides a detailed market analysis by segment (material, application and region), describing technical aspects and trends that will affect future growth of this market.
BCC Research has broken down the microfiber market into nine industry segments that are the primary and future users of this technology. Out of these nine segments, BCC Research has identified the segments with the largest share of nanofiber technologies as of 2012. According to the study, the mechanical and chemical segment, which utilizes nanofibers primarily in the fabrication of filtration media, accounted for 74.7% of the market in 2012. The second largest market for nanofiber technology, according to the report, is the energy and electronics segment, with a 14% share of the market in 2012.
BCC Research’s Report also explains why the market is experiencing such strong growth within the nanotechnology space. To explain the increased demand, BCC Research has identified a list of key causes, including reduced unit prices and new materials with enhanced properties.
This report will be highly useful in executing informed decisions for anyone interested in understanding or entering the nanotechnology and microfiber industry. More specifically, it will benefit manufacturers, sellers, distributors, marketers, and technical advisors in the microfiber industry. Fabricators and suppliers of filtration media, catalysts, advanced displays, batteries, supercapacitors and fuel cells will also benefit from the information in this report. Professionals working in the nanotechnology space can use this report to ascertain the market over the next five years and derive valuable insights from the same. Universities and research facilities may also find this report to be a good source of technical information regarding nanofiber technology and applications, which can be used as a baseline for new or expanded R&D activities.
This report represents a continuance of BCC Research’s commitment to in-depth coverage and objective analysis of the nanotechnology space.