Asia Pacific Nanofiber Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material (Polymeric Nanofiber, Carbon Nanofiber, Ceramic Nanofiber, Glass Nanofiber, and Others) and Application (Industrial Air Filtration, Defense & Security, Consumer Goods & Textiles, Electronic Components, Power & Energy, Healthcare & Life Sciences, Chemical & Environment, and Others)
Market Introduction
Asia Pacific region consists of many developing countries, which are witnessing a high growth in their manufacturing sector. The region has become a global manufacturing hub with presence of diverse manufacturing industries. Among China’s evolution into a high-skilled manufacturing hub, other developing countries such as India, South Korea, Taiwan and Vietnam among others are attracting several businesses that are in quest to relocate their low to medium skilled manufacturing facilities to neighboring countries, offering lower labor cost. Further, the governments of these countries are making developments to improve investment ideas. In addition, the governments are offering tax-rebates, funds, subsidies and other such support to attract the manufacturing companies to set-up plants in their respective countries. Several governments has taken initiatives such as Made in China 2025, and Make in India, among others to propel the growth of manufacturing sector. However, China, which is the largest manufacturing hub, is experiencing a rise in the country’s labor cost owing to ageing population of the country. This has resulted in manufacturing companies seeking for making investments in Southeast Asian countries. The improving infrastructure, rising domestic consumption and lower costs are some of the factors attracting manufacturing companies in these countries. The development of manufacturing hub creates the demand for nanofibers to be used for a diverse range of purposes.
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.
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Market Overview and Dynamics
The nanofiber market in Asia Pacific is expected to grow 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 28.0% from 2021 to 2028. Nanofibers have garnered huge attraction from the researchers for exploration of applications of Nanofibers owing to their distinguished physiochemical and mechanical properties. Some of the properties of Nanofibers that influence them to be used in the industries for Air filtration applications include high surface area, and high surface area-to-volume ratio, high porosity, high mechanical strength, and appreciable functionalization flexibility. The functionalization flexibility is achieved post the addition of any additives to the Nanofibers and is used as per the application requirement. Further, lighter weights of Nanofibers, and higher strengths make them ideal products to replace steel in the manufacture of automotive components. Automakers today, have shown high interests towards the Nanofibers as they result in the overall weight reduction of the vehicle. Further, the surface zone to the volume ratio of Nanofibers is approximately 1000 folds higher as compared to microfibers making them highly proficient products for industrial filtration applications. Little pore sizes, and good hydrophobicity ensure good particulate matter filtration and contaminant separation from air and water. The significant impact of Nanofiber technology is observed with the fact that a broad range of fundamental materials can be used for its synthesis. Nanofibers are manufactured from an assortment of natural as well as synthetic polymers, carbon based materials, composite materials, and semiconducting materials. Further, the synthetic polymers include polyvinyl alcohol, polyamides, polyurethanes, polystyrene, chitosan, and co-polymers. The flexibility of fundamental materials to be used in the Nanofiber synthesis, and the distinguished characteristics of these fibers together propel the demand growth of Nanofibers in a broad range of industry applications..
Key Market Segments
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.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on nanofiber market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Ahlstrom-Munksjo; Asahi Kasei Corporation; Donaldson Company, Inc.; DuPont; Nanofibers Solution LLC, Inc.; Toray Industries, Inc.; Revolution Fibres Ltd.; and Elmarco s.r.o.
Reasons to buy report
- 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
Asia Pacific Nanofiber Market Segmentation
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
Asia Pacific Nanofiber Market -Companies Mentioned
- Ahlstrom-Munksjö
- Asahi Kasei Corporation
- Donaldson Company, Inc.
- DuPont
- Nanofiber Solutions.
- Toray Industries, Inc.
- Revolution Fibres Ltd.
- Elmarco s.r.o.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market segmentation
1.3.1 Asia Pacific Nanofiber Market – By Material
1.3.2 Asia Pacific Nanofiber Market – By Application
1.3.3 Asia Pacific Nanofiber Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Asia Pacific Nanofiber – Market Landscape
4.1 Market Overview
4.2 Pest Analysis
4.3 Expert Opinions
5. Asia Pacific Nanofiber Market – Key Industry Dynamics
5.1 Key market drivers
5.1.1 Expediting industrialization and the need to reduce harmful emissions from the industrial plants
5.1.2 Characterstics of Nanofiber coupled with their ability to be manufactured from a broad range of materials
5.2 Key market restraints
5.2.1 Complications and challenges for Nanofibers in healthcare and biomedical engineering
5.3 key market opportunities
5.3.1 Exceeding support from Government for research & development activities on nanotechnology
5.4 Future trends
5.4.1 Evolution of Electrospinning mechanisms for Nanofibers to increase throughput
5.5 Impact Analysis of Drivers and Restraints
6. Asia Pacific Nanofiber –Market Analysis
6.1 Asia Pacific Nanofiber Market Overview
6.1.1 Asia Pacific: Nanofibers Market – Revenue and Forecast to 2028(US$ Million)
7. Asia Pacific Nanofiber Market Revenue and Forecasts to 2028 – By Material
7.1 Overview
7.1.1 Asia Pacific: Nanofibers Market, by Materials
7.2 Polymeric Nanofiber Market
7.2.1 Overview
7.2.2 Polymeric Nanofiber Market Forecasts and Analysis
7.3 Carbon Nanofiber Market
7.3.1 Overview
7.3.2 Carbon Nanofiber Market Forecasts and Analysis
7.4 Ceramic Nanofiber Market
7.4.1 Overview
7.4.2 Ceramic Nanofiber Market Forecasts and Analysis
7.5 Glass Nanofiber Market
7.5.1 Overview
7.5.2 Glass Nanofiber Market Forecasts and Analysis
7.6 Others
7.6.1 Overview
7.6.2 Others Nanofiber Market Forecasts and Analysis
8. Asia Pacific Nanofiber Market Revenue and Forecasts to 2028 – By Application
8.1 Overview
8.1.1 Asia Pacific: Nanofibers Market, by Application
8.2 Consumer Goods & textiles Market
8.2.1 Overview
8.2.2 Consumer Goods & textiles Market Forecasts and Analysis
8.3 Electronic Components Market
8.3.1 Overview
8.3.2 Electronic Components Market Forecasts and Analysis
8.4 Industrial Air Filtration Market
8.4.1 Overview
8.4.2 Industrial Air filtration Market Forecasts and Analysis
8.5 Defense & Security Market
8.5.1 Overview
8.5.2 Defense & Security Market Forecasts and Analysis
8.6 Power & Energy Market
8.6.1 Overview
8.6.2 Power & Energy Market Forecasts and Analysis
8.7 Healthcare & Life Sciences Market
8.7.1 Overview
8.7.2 Healthcare & Life Sciences Market Forecasts and Analysis
8.8 Chemical & Environmental Market
8.8.1 Overview
8.8.2 Chemical & Environmental Market Forecasts and Analysis
8.9 Others Market
8.9.1 Overview
8.9.2 Others Market Forecasts and Analysis
9. Asia Pacific Nanofibers Market – Country Analysis
9.1 Overview
9.1.1 Asia Pacific: Nanofibers Market, by Key Country
9.1.1.1 Australia: Nanofibers Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Australia: Nanofibers Market, by Materials
9.1.1.1.2 Australia: Nanofibers Market, by Application
9.1.1.2 China: Nanofibers Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 China: Nanofibers Market, by Materials
9.1.1.2.2 China: Nanofibers Market, by Application
9.1.1.3 Japan: Nanofibers Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Japan: Nanofibers Market, by Materials
9.1.1.3.2 Japan: Nanofibers Market, by Application
9.1.1.4 India: Nanofibers Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 India: Nanofibers Market, by Materials
9.1.1.4.2 India: Nanofibers Market, by Application
9.1.1.5 Rest of Asia Pacific: Nanofibers Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Rest of Asia Pacific: Nanofibers Market, by Materials
9.1.1.5.2 Rest of Asia Pacific: Nanofibers Market, by Application
10. Impact of COVID-19 Pandemic on Asia Pacific Nanofiber Market
10.1 Overview
11. Industry Landscape
11.1 Market Initiative
11.2 Merger and Acquisition
11.3 New PRODUCT Development
12. Company Profiles
12.1 Ahlstrom-Munksjö
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Financial Overview
12.1.4 SWOT Analysis
12.1.5 Key Developments
12.2 Asahi Kasei Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Financial Overview
12.2.4 SWOT Analysis
12.2.5 Key Developments
12.3 Donaldson Company, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 SWOT Analysis
12.3.5 Key Developments
12.4 Dupont
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
12.4.4 SWOT Analysis
12.4.5 Key Developments
12.5 Nanofiber Solutions.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Financial Overview
12.5.4 SWOT Analysis
12.6 Revolution Fibres Ltd.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Financial Overview
12.6.4 SWOT Analysis
12.6.5 Key Developments
12.7 Toray Industries, Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Financial Overview
12.7.4 SWOT Analysis
12.7.5 Key Developments
12.8 Elmarco s.r.o.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Financial Overview
12.8.4 SWOT Analysis
12.8.5 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Australia Nanofibers Market, by Materials – Revenue and Forecast to 2028 (USD Million)
Table 2. Australia Nanofibers Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 3. China Nanofibers Market, by Materials – Revenue and Forecast to 2028 (USD Million)
Table 4. China Nanofibers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 5. Japan Nanofibers Market, by Materials – Revenue and Forecast to 2028 (USD Million)
Table 6. Japan Nanofibers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 7. India Nanofibers Market, by Materials – Revenue and Forecast to 2028 (USD Million)
Table 8. India Nanofibers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 9. Rest of APAC Nanofibers Market, by Materials – Revenue and Forecast to 2028 (USD Million)
Table 10. Rest of APAC Nanofibers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 11. Glossary of Term: Nanofiber Market
LIST OF FIGURES
Figure 1. Nanofiber market segmentation
Figure 2. Nanofiber market segmentation - By Country
Figure 3. Nanofiber Market Overview
Figure 4. Polymeric Nanofiber Segment Held Larger Share of Asia Pacific Nanofiber Market in 2020
Figure 5. China Dominated the Asia Pacific Nanofiber Market in 2020
Figure 6. Nanofiber Industry Landscape
Figure 7. Asia Pacific – PEST analysis
Figure 8. Nanofiber Market Impact Analysis of Driver and Restraints
Figure 9. Asia Pacific: Nanofibers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. Asia Pacific: Nanofibers Market Revenue Share, by Material (2020 and 2028)
Figure 11. Asia Pacific Polymeric Nanofiber Market Revenue and Forecasts to 2028 (US$ million)
Figure 12. Asia Pacific Carbon Nanofiber Market Revenue and Forecasts to 2028 (US$ million)
Figure 13. Asia Pacific Ceramic Nanofiber Market Revenue and Forecasts to 2028 (US$ million)
Figure 14. Asia Pacific Glass Nanofiber Market Revenue and Forecasts to 2028 (US$ million)
Figure 15. Asia Pacific Others Nanofiber Market Revenue and Forecasts to 2028 (US$ million)
Figure 16. Asia Pacific: Nanofibers Market Revenue Share, by Application (2020 and 2028)
Figure 17. Asia Pacific Consumer Goods & textiles Market Revenue and Forecasts to 2028 (US$ million)
Figure 18. Asia Pacific Electronic Components Market Revenue and Forecasts to 2028 (US$ million)
Figure 19. Asia Pacific industrial air filtration Market Revenue and Forecasts to 2028 (US$ million)
Figure 20. Asia Pacific Defense & Security Market Revenue and Forecasts to 2028 (US$ million)
Figure 21. Asia Pacific Power & Energy Market Revenue and Forecasts to 2028 (US$ million)
Figure 22. Asia Pacific Healthcare & Lifesciences Market Revenue and Forecasts to 2028 (US$ million)
Figure 23. Asia Pacific Chemical & Environmental Market Revenue and Forecasts to 2028 (US$ million)
Figure 24. Asia Pacific Others Market Revenue and Forecasts to 2028 (US$ million)
Figure 25. Geographic Overview of Asia Pacific Nanofiber Market
Figure 26. Asia Pacific: Nanofibers Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. Australia: Nanofibers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. China: Nanofibers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. Japan: Nanofibers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. India: Nanofibers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. Rest of Asia Pacific: Nanofibers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 32. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
- Ahlstrom-Munksjö
- Asahi Kasei Corporation
- Donaldson Company, Inc.
- DuPont
- Nanofiber Solutions.
- Toray Industries, Inc.
- Elmarco s.r.o.
- Revolution Fibres Ltd.
- 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