North America Nanofiber Market

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.

North America Nanofiber Strategic Insights

Strategic insights for the North America 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.

North America Nanofiber Report Scope

North America Nanofiber Regional Insights

The geographic scope of the North America 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 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.