Europe Nanofiber Market
No. of Pages: 143 | Report Code: TIPRE00023946 | Category: Chemicals and Materials
No. of Pages: 143 | Report Code: TIPRE00023946 | Category: Chemicals and Materials
The European region comprises of several major manufacturing industries such as aerospace, machinery & equipment, automotive, ship building, automotive vehicles, and others. The automotive industry of the EU is considered to be a crucial industry as it significantly contributes to the country’s GDP. EU is the leading producer of motor vehicles and several premium automotive manufacturers are based in the region. Furthermore, the automotive sector of the region represents the largest private investor in R&D as well as it receives support from the government such as funds for R&D. Vehicle Manufacturing Industry is a strategic industry, which produces around 19.2 million cars, vans, buses and trucks per year. Moreover, around 300 vehicle assembly and manufacturing facilities are located in around 26 countries across the region. Europe region comprises of France, Germany, Italy, Spain, and UK. nanofibers are being used in these industries to address various challenges related to environmental degradations arising from the manufacturing plants. The healthcare sector in Europe is highly advanced and thereby incorporates the usage of nanofiber for a broad range of applications that include tissue engineering, cancer diagnosis, drug delivery, and wound healing. Cellulose nanofiber is said to be the emerging fiber raw material being used in the European market on account of various advantages over the others exhibited by it.
The European region comprises of several major manufacturing industries such as aerospace, machinery & equipment, automotive, ship building, automotive vehicles, and others. The automotive industry of the EU is considered to be a crucial industry, nanofibers are used for air filtration, manufacturing lightweight components and other applications. Adverse effect on automobile industry has impacted the nanofibers market in Europe. Also, as per the recent data, France has recorded the highest number of COVID cases. Other than this, Russia, UK, Italy, Germany, and Spain have also been hit hard by COVID-19. These countries are expected to suffer an economic hit due to a lack of revenue from aforementioned industries. Other member states have implemented drastic measures and travel restrictions, include, and partially closing their borders. All these factors are anticipated to impact nanofibers market growth in Europe.
Strategic insights for the Europe Nanofiber provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 105.99 Million |
| Market Size by 2028 | US$ 542.25 Million |
| Global CAGR (2021 - 2028) | 26.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Material
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Nanofiber refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The nanofiber market in Europe is expected to grow US$ 542.25 million by 2028 from US$ 105.99 million in 2021. The market is estimated to grow at a CAGR of 26.3% from 2021 to 2028. Electrospinning of the fibers has been widely adopted as the simplest, yet effective and the most productive approach for the production of nanofibers. Electrostatic stretching the viscoelastic jets from solutions belonging to different materials in the Electrospun method of nanofiber production to offer solutions in critical aspects of healthcare, industries, and energy storage & generation. However, with this manufacturing method, the output obtained is very small and thereby has created a need for better output. A numerous approaches and techniques have been derived for the higher throughput of nanofiber production through Electrospinning process. With the help of multiple nozzles technique as well as needleless Electrospinning, it has been observed that the production efficiency of the nanofibers increases considerably. They offer different flexibilities at the time of production and therefore can be able to produce good amounts of nanofibers.
Europe nanofiber market is segmented based on material and Application. Based on material, the Europe 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.
A few major primary and secondary sources referred to for preparing this report on nanofiber market in Europe 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.; Elmarco s.r.o. and Mempro Ltd.
The Europe Nanofiber Market is valued at US$ 105.99 Million in 2021, it is projected to reach US$ 542.25 Million by 2028.
As per our report Europe Nanofiber Market, the market size is valued at US$ 105.99 Million in 2021, projecting it to reach US$ 542.25 Million by 2028. This translates to a CAGR of approximately 26.3% during the forecast period.
The Europe Nanofiber Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Nanofiber Market report:
The Europe Nanofiber Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Nanofiber Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Nanofiber Market value chain can benefit from the information contained in a comprehensive market report.
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