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Global nanofiber technology market: $570 billion industry by 2017
Global Markets and Technologies for Nanofibers - a new market research report on 2014-04-28 05:50:01
The global nanofiber technology market was valued at $128.3 million in 2011 and $151.7 million in 2012. By 2017 this industry is forecast to be valued at around $570.2 billion, after increasing at a five-year compound annual growth rate of 30.3%.Nanofibers are currently the fastest growing segment of the nanotechnology market, even though they currently account for just over 1% of the nanotechnology market. Nanofibers have a growing number of uses, including electronics, energy, mechanicals and chemical, and consumer and life sciences. The high surface area and other attributes of nanofibers are expanding its application usage to new industrial domains and making them standout in nanotech.The mechanical and chemical segment of the global nanofiber technology industry, which utilizes nanofibers primarily in the fabrication of filtration media, accounted for 74.7% of the market in 2012. The second largest market for nanofiber technology, is the energy and electronics segment, with a 14% share of the market in 2012.
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