North America 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
North America comprises of the US, Canada and Mexico. The North American region is a developed region in terms of modern technology, standard of living, infrastructure, and many others. Across North America, the technological advancements have led to highly competitive markets. With the rising demand from the customer for high-quality services and products, companies are constantly innovating to serve their customer in the best possible way. Being a technologically advanced country, coupled with high disposable incomes with individuals, the diverse industry verticals have blossomed in the region. Automobile ownership is quite widespread in the North American continent with more than 90% of households in the U.S. and 80% of households in Canada owning at least one vehicle. Also, out of these more than 60% of the U.S. households own two or more vehicles while close to 40% of Canadian households own two or more vehicles. A high density of passenger cars, lowering prices of oil & gasoline has encouraged more number of cars to hit the road and a greater amount of car use. The automobile industry is one of the major contributors to the emissions arising from the manufacturing plants. Harmful emissions form these plants lead to significant environmental degradations and thus need to be regulated and controlled. Air filters are used in the automobile manufacturing plants in North America for controlling the emissions of harmful toxics directly into the environment. Similarly, other manufacturing industries are located in North America that integrate the use of air filters for keeping a check on the emissions.
The U.S has the highest number of confirmed cases of COVID-19, as compared to Mexico and Canada. This is likely to impact the Nanofibers industry in the region as, due to the COVID-19, the overall manufacturing processes, research, and development activities and the supply chain is likely to get affected. In addition, COVID-19 has impacted several industries including semiconductors, consumer electronics, automobiles, and other FMCGs negatively in US. All these industries have huge demand for Nanofibers for Air filtration purposes thus shutdown of several manufacturing plants of these industries have impacted the growth of Nanofibers indirectly.
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Market Overview and Dynamics
The nanofiber market in North America is expected to grow US$ 1,186.54 million by 2028 from US$ 217.79 million in 2021. The market is estimated to grow at a CAGR of 27.4% from 2021 to 2028. The academic studies and the research activities on the one-dimensional are treading at an exponential space. Nanofibers have attracted huge deal of attention by the researchers and the Governments worldwide on account of remarkable properties they exhibit as well as growing environmental concerns for usage of biodegradable products. As nanoparticles have gained importance over the years, and witnessed their integrations into a wide range of applications, Governments have investing huge amounts in the research as well as translation into commercialization of these nanofibers for end-users. With the breadth of potential applications of nanotechnology, majority of the advanced countries around the globe have prioritized research on the nanotechnology. Switzerland, the US, and Japan lead the innovations as well as research funding among the members of the Organization for Economic Co-operation and Development (OECD). Further, the European Union (EU) has encouraged its members to embrace smart research and commercialization strategies for nanotechnology. Many developing countries of the world are also observed to invest significant amounts in the research and development activities of nano based fibers. Governments have been keen on setting up national centers for nanotechnology in their respective countries. Nanotechnology is a key element that would influence advanced manufacturing in the coming years. As a matter to this fact, countries such as China, Australia, Canada, France, Japan, the US, and Korea have been conducting various experiments before the commercialization of nanofibers. Innovation driven initiatives in the advanced manufacturing arena by countries such as India and China is further anticipated to boost the growth opportunities for nanofibers in the coming years. These investments by various Governments in the field of nanotechnology is anticipated to create huge opportunities for the nanofiber market players during the forecast period.
Key Market Segments
North America nanofiber market is segmented based on material and Application. Based on material, the North 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.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on nanofiber market in North America 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.; Espin Technologies; 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 North America 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 North 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 North 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
North America Nanofiber Market Segmentation
North America Nanofiber Market – By Material
- Polymeric Nanofiber
- Carbon Nanofiber
- Ceramic Nanofiber
- Glass Nanofiber
- Others
North America Nanofiber Market – By Application
- Consumer Goods & Textiles
- Electronic Components
- Industrial Air filtration
- Defense & Security
- Power & Energy
- Healthcare & Life sciences
- Chemicals & Environment
- Others
North America Nanofiber Market – by Country
- US
- Canada
- Mexico
North America Nanofiber Market – Companies Mentioned
- Ahlstrom-Munksjö
- Asahi Kasei Corporation
- Donaldson Company, Inc.
- DuPont
- Nanofiber Solutions.
- Toray Industries, Inc.
- Espin Tehnologies Systems, Inc.
- 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 North America Nanofiber Market – By Material
1.3.2 North America Nanofiber Market – By Application
1.3.3 North America 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. North America Nanofiber –Market Landscape
4.1 Market Overview
4.2 Pest Analysis
4.3 Expert Opinions
5. North America Nanofiber market – Key Industry Dynamics
5.1 Key market drivers
5.1.1 Fast pace of industrialization and the need to reduce harmful emissions from the industrial plants
5.1.2 Up-surging growth of the Medical Life science and Pharmaceutical (MLP) Industry in North America
5.1.3 Features of nanofibers coupled with their ability to be manufactured from a broad range of materials
5.2 Key market restraints
5.2.1 Difficulties and challenges occurring for nanofibers in healthcare and biomedical engineering
5.3 key market opportunities
5.3.1 Raising support from government for research & development activities on nanotechnology
5.4 Future trends
5.4.1 Progressing Electrospinning mechanisms for nanofibers to increase throughput
5.5 Impact Analysis of Drivers and Restraints
6. North America Nanofiber –Market Analysis
6.1 North America Nanofiber Market Overview
6.2 North America Nanofiber Market Forecast and Analysis
6.2.1 North America: Nanofibers Market – Revenue and Forecast to 2028(US$ Million)
7. North America Nanofiber Market Revenue and Forecasts to 2028 – By Material
7.1 Overview
7.1.1 North America: 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. North America Nanofiber Market Revenue and Forecasts to 2028 – By Application
8.1 Overview
8.2 North America Nanofiber Market Breakdown, By Application, 2020 & 2028
8.3 Consumer Goods & textiles Market
8.3.1 Overview
8.3.2 Consumer Goods & textiles Market Forecasts and Analysis
8.4 Electronic Components Market
8.4.1 Overview
8.4.2 Electronic Components Market Forecasts and Analysis
8.5 Industrial Air Filtration Market
8.5.1 Overview
8.5.2 Industrial Air Filtration Market Forecasts and Analysis
8.6 Defense & Security Market
8.6.1 Overview
8.6.2 Defense & Security Market Forecasts and Analysis
8.7 Power & Energy Market
8.7.1 Overview
8.7.2 Power & Energy Market Forecasts and Analysis
8.8 Healthcare & Life Sciences Market
8.8.1 Overview
8.8.2 Healthcare & Life science Market Forecasts and Analysis
8.9 Chemical & Environmental Market
8.9.1 Overview
8.9.2 Chemical & Environmental Market Forecasts and Analysis
8.10 Others Market
8.10.1 Overview
8.10.2 Others Market Forecasts and Analysis
9. North America Nanofibers Market – Country Analysis
9.1 Overview
9.1.1 North America: Nanofibers Market, by Key Country
9.1.1.1 US: Nanofibers Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 US: Nanofibers Market, by Materials
9.1.1.1.2 US: Nanofibers Market, by Application
9.1.1.2 Canada: Nanofibers Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Canada: Nanofibers Market, by Materials
9.1.1.2.2 Canada: Nanofibers Market, by Application
9.1.1.3 Mexico: Nanofibers Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Mexico: Nanofibers Market, by Materials
9.1.1.3.2 Mexico: Nanofibers Market, by Application
10. Impact of COVID-19 Pandemic on North America 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 Toray Industries, Inc.
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 ESpin Tehnologies Systems, Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Financial Overview
12.7.4 SWOT Analysis
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. North America Nanofiber Market Revenue and Forecasts to 2028 (US$ Mn)
Table 2. US Nanofibers Market, by Materials – Revenue and Forecast to 2028 (USD Million)
Table 3. US Nanofibers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 4. Canada Nanofibers Market, by Materials – Revenue and Forecast to 2028 (USD Million)
Table 5. Canada Nanofibers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 6. Mexico Nanofibers Market, by Materials – Revenue and Forecast to 2028 (USD Million)
Table 7. Mexico Nanofibers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 8. Glossary of Term: Nanofiber Market
LIST OF FIGURES
Figure 1. Nanofiber Market Segmentation
Figure 2. North America Nanofiber Market Segmentation - Countries
Figure 3. North America Nanofiber Market Overview
Figure 4. Polymeric Nanofiber Segment Held Larger Share of Nanofiber Market in 2020
Figure 5. US Dominated the North America Nanofiber Market in 2020
Figure 6. Nanofiber Industry Landscape
Figure 7. North America – PEST analysis
Figure 8. Nanofiber Market Impact Analysis of Driver and Restraints
Figure 9. North America: Nanofibers Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. North America: Nanofibers Market Revenue Share, by Materials (2020 and 2028)
Figure 11. North America Polymeric Nanofiber Market Revenue and Forecasts to 2028 (US$ million)
Figure 12. North America Carbon Nanofiber Market Revenue and Forecasts to 2028 (US$ million)
Figure 13. North America Ceramic Nanofiber Market Revenue and Forecasts to 2028 (US$ million)
Figure 14. North America Glass Nanofiber Market Revenue and Forecasts to 2028 (US$ million)
Figure 15. North America Others Nanofiber Market Revenue and Forecasts to 2028 (US$ million)
Figure 16. North America: Nanofibers Market Revenue Share, by Application (2020 and 2028)
Figure 17. North America Consumer Goods & textiles Market Revenue and Forecasts to 2028 (US$ million)
Figure 18. North America Electronic Components Market Revenue and Forecasts to 2028 (US$ million)
Figure 19. North America Industrial Air Filtration Market Revenue and Forecasts to 2028 (US$ million)
Figure 20. North America Defense & Security Market Revenue and Forecasts to 2028 (US$ million)
Figure 21. North America Power & Energy Market Revenue and Forecasts to 2028 (US$ million)
Figure 22. North America Healthcare & Lifesciences Market Revenue and Forecasts to 2028 (US$ million)
Figure 23. North America Chemical & Environmental Market Revenue and Forecasts to 2028 (US$ million)
Figure 24. North America Others Market Revenue and Forecasts to 2028 (US$ million)
Figure 25. Geographic overview of North America Nanofiber Market
Figure 26. North America: Nanofibers Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. US: Nanofibers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. Canada: Nanofibers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. Mexico: Nanofibers Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. Impact of COVID-19 Pandemic in North American Country Markets
- Ahlstrom-Munksjö
- Asahi Kasei Corporation
- Donaldson Company, Inc.
- DuPont
- Nanofiber Solutions.
- Toray Industries, Inc.
- Espin Tehnologies Systems, Inc.
- Elmarco s.r.o.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North 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 North 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