The Europe nanofiber market size was valued at USD 133.88 Million in 2022 and is likely to reach USD 1.09 Billion by 2031, expanding at a CAGR of 26.3% during 2023 – 2031. The growth of the market is attributed to the rising commercialization by increasing end-user applications.
Nanofibers is the fibers with diameters of less than 1000 nanometers. Nanofiber layers are formed from biopolymers such as gelatin, chitosan, polycaprolactone, and collagen or blend of these materials is used for wound dressing. In Germany manufacturing is most important sector about 79% of the total industrial production is given in it.
The Covid-19 pandemic affected the demand and supply of Europe nanofiber market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Europe Nanofiber Market Trends, Drivers, Restraints, and Opportunities
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Increasing applications in the fields of medical, pharmaceuticals, and life science, as well as increased investments in the healthcare industry is expected to drive the market during forecast period.
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Nanofiber membrane made of biopolymers is widely used as a bioactive material or drug carrier in drug delivery applications are expected to boost the market.
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Nanofiber layers made of biopolymer materials is used as cell growth substrates.
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Lack of sensitive instrumentation to calibrate nanofiber characteristics is projected to restraint the market growth.
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In the future, increasing R&D and a high-potential market for cellulosic nanofibers are the great opportunity for market expansion in coming year.
Scope of Europe Nanofiber Market Report
The report on the Europe nanofiber market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Europe Nanofiber Market - Industry Analysis, Growth, Trends, Covid-19 Impact, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Product Type (Carbon Nanofiber, Ceramic Nanofiber, Composite Nanofiber, Glass Nanofiber, Metallic Nanofiber, Polymeric Nanofiber, and Others), End-users (Electronics, Healthcare & Biomedical, Automotive, Energy, Chemical, Aerospace & Aviation, Defense & Security, Composites, Textile, and Others)
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Regional Scope
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Germany, United Kingdom, Italy, France, Spain, and Rest of Europe
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Hollingsworth & Vose; Mitsubishi Chemical Corporation; Toray Industries, Inc.
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Europe Nanofiber Market Segment Insights
The healthcare and biomedical segment is projected to expand at a considerable CAGR
On the basis of end-users, the market is segregated into electronics, healthcare & biomedical, automotive, energy, chemical, aerospace & aviation, defense & security, composites, textile, and others. The healthcare & biomedical segment is projected to expand at a considerable CAGR during the forecast period. Growth of the segment is attributed to growing commercialization by increasing end-user applications in the medical, pharmaceuticals, and life science field and increasing investments in the healthcare industry.
Germany is anticipated to dominate the market
In terms of regions, the Europe nanofiber market is classified as Germany, United Kingdom, Italy, France, Spain, and Rest of Europe. Germany is anticipated to constitution a key share of the market during the forecast period due to growing manufacturing of machinery & equipment, automotive, basic metals & fabricated metal products, computers, and electronic & electrical equipment.
The German aerospace sector is made up of around 2,300 companies spread across the country, with large number of companies in north Germany. Equipment makers, material and component suppliers, engine producers, and entire system integrators all have a presence in Germany, which is one of the key manufacturing bases for the aircraft industry. In additional Bavaria, Bremen, Baden-Württemberg, and Mecklenburg-Vorpommern have a considerable number of production bases for aviation interior components, MRO (maintenance, repair, and overhaul), and lightweight construction & materials.
Segments
The Europe nanofiber market has been segmented on the basis of
Product Types
- Carbon Nanofiber
- Ceramic Nanofiber
- Composite Nanofiber
- Glass Nanofiber
- Metallic Nanofiber
- Polymeric Nanofiber
- Others
End-users
- Electronics
- Healthcare & Biomedical
- Automotive
- Energy
- Chemical
- Aerospace & Aviation
- Defense & Security
- Composites
- Textile
- Others
Regions
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
Key Players
- Hollingsworth & Vose
- Mitsubishi Chemical Corporation
- Toray Industries, Inc.
Competitive Landscape
Key players competing in the Europe nanofiber market include Mitsubishi Chemical Corporation, Hollingsworth & Vose, and TORAY INDUSTRIES, INC.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.
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