South America Nanofiber Market

Market Introduction

South American continent comprises of several developing economies such as Brazil, Argentina, Chile, Peru and Colombia among others. These countries are witnessing an upsurge in the middle-class population as well as growth in urbanization. Growth in the economic condition assist the players, government bodies to take further initiatives in respect to accelerate growth of South America. The Nanofiber is applicable in varied industries of South America such as automobile, textile, consumer goods, life science and pharmaceutical sectors. The scenario of economic recovery in South America appears as a promising region in number of key markets resulting into high sales of consumer goods driven by high population growth and disposable income throughout the region. In addition to this, the global conditions continue to enhance for consumers. Wide application areas of Nanofiber in consumer goods industries to produce swimsuits, shoes, and more because of their lightweight and greater strength feature. Moreover, in order to ensure greater safety of environment, steps are undertaken by the regulatory bodies of South American countries. For instance, Embrapa is a company that is owned by Brazilian government which leads development of bio and nanotechnology for agribusiness along with laboratories for molecular biology, cloning, tissue culture, genetic engineering, bioremediation, nanoparticles and development of transgenic organisms. It offers incubation space for all new enterprises indulge in agribusiness.

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.

Market Overview and Dynamics

The nanofiber market in South America is expected to grow US$ 111.71 million by 2028 from US$ 24.73 million in 2021. The market is estimated to grow at a CAGR of 24.0% 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

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.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on nanofiber market in South 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.; 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 South 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 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  

South America Nanofiber Market Segmentation

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

South America Nanofiber Market -Companies Mentioned

• Ahlstrom-Munksjö                                    
• Asahi Kasei Corporation                         
• Donaldson Company, Inc.                     
• DuPont                                                        
• Nanofiber Solutions.                               
• Toray Industries, Inc.                              
• Elmarco s.r.o.                                          

South America Nanofiber Market Strategic Insights

South America Nanofiber Market Segmentation Analysis

South America Nanofiber Market Report Highlights

South America Nanofiber Report Scope

South America Nanofiber Market Country and Regional Insights