Metal Oxides Nanofiber Market Size (2022 – 2030)

In 2022, the Global Metal Oxide Nanofiber Market was valued at $120 million, and is projected to reach a market size of $377.42 million by 2030. Over the forecast period of 2023-2030, market is projected to grow at a CAGR of 15.4%. An increase in demand for the pharmaceutical and medicine market is majorly driving the growth of the industry.

Industry Overview:

Metal oxide nanoparticles are regarded to decompose nerve agents, however, they can't be incorporated into clothing and breathing filters. Nanofibers can be integrated into garb and used in respiratory filters whilst still exhibiting the nano-scale floor reactivity crucial for nerve agent detoxification. The giant floor location of these nanofibers creates an excessive floor reactivity whilst the length of nanofibers makes them appropriate for incorporation into defensive garb and units for breathing. Properties of the nanofiber substances such as strength, porosity, ability to take in chemical species, etc., can be controlled by way of combining exclusive fibers into a composite. The composites are best for protective respiratory equipment and clothing to allow moisture change and alleviate thermal stress on the wearer. Secondary cellphone batteries (nickel-cadmium, nickel/metal-hydride, and lithium-ion rechargeable batteries account for almost 10% of the world battery market. Rechargeable lithium-ion batteries make up a huge amount of that market with growth increasing on an annual basis.

This growth in rechargeable and secondary telephone batteries is driven by growing sales in transportable units such as mobile phone telephones and laptop computer computers.The existing invention generally relates to steel oxide fibers and nanofibers, the techniques for making same, and makes use of thereof. Such metallic oxide nanofibers possess the potential to soak up and decompose chemical fighting marketers and different poisonous chemicals. These nanofibers can be included in defensive garb and devices for breathing or in every other instance might also be used in lithium-ion batteries. In one embodiment, the current invention relates to titania, alumina, and/or magnesia fibers and nanofibers, and to techniques for making same. In every other instance, alpha-phase aluminum oxide is utilized as one material in nanofibers.

COVID-19 impact on Metal Oxides Nanofiber Market

The outbreak of COVID-19 has created a positive impact on the healthcare sector. The use Metal oxides-based medicine is used in many sectors which is why during the pandemic this market increased well also after the covid-19 pandemic it is predicted that it will continue to grow. The COVID-19 pandemic has created instability in the nanofiber market across the globe. However, the market is now estimated to have reached pre-pandemic ranges and is anticipated to develop gradually during the forecast period. COVID-19 has been adversely affecting economies and industries in various countries due to government-imposed lockdowns, travel bans, and business shutdowns. Chemical & materials is one of the major industries suffering serious disruptions in the form of supply chain breaks, technology events cancellations, and office shutdowns.

MARKET DRIVERS:

Increasing the use of nanofibers in air and liquid filtration systems is also driving the growth of the market

Nanofibers are commonly utilized as a coating on filtration substrates to extend the filtration capacity. The bodily characteristics of nanofibers, in particular the massive interconnection and high specific surface area, do not permit the passage of bacteria, viruses, and dust particles. In liquid filtration applications, nanofibers are used to filter water, drinks/beverages, blood, chemicals, petrol, and oil. Nanofibers have special bodily properties such as high porosity, the interconnected shape of pores, and layout flexibility. The use of nanofiber substrates leads to an initial upward shove in efficiency, decrease stress drops, and excessive strength financial savings when compared with different commercial filtration systems that use popular substrates. This aspect will power the increase of the market in the forecast period.

The rise in demand for nanofibers in medical textile will derive the market

Nanofibers possess a number of special characteristics, which enable them to be used in exceptional fields of advanced textiles. The shape of nanofibers performs an essential function to acquire the practical purposes for technical clinical textiles (Medtech). The key formation mechanisms of structured practical nanofibers such as core-shell, aligned, porous, composite, tubular, mechanical, and chemical are reviewed, along with the briefed information on the approaches involved. Recently, many researchers are focusing on nanofibers as the suitable methods and substances for Medtech which decorate the scope of clinical textiles. Biocompatibility, biodegradability, and mechanical properties are the fundamental issues for biomedical cloth merchandise as scaffolds. To overcome these issues, electrospun nanofibers may want to be very suitable for medical textiles, because the electrospun nanofibers are continuous nanofibers meshes that mimic the extracellular matrix as the medical textiles product. This component will derive the market of nanofibers in the forecast period.

MARKET RESTRAINTS:

Rising environmental concerns due to the toxicity of nano products is restraining the growth of the market

The use of nanofibers will motivate nano pollution. Nano air pollution refers to the byproducts or waste produced throughout the manufacturing of nanoscopic units and materials. If these byproducts cease up in landfills, they can contaminate the air and water structures and can pollute them. Along with the growth of nanotechnology, nano air pollution is also a developing difficulty among many environmentalists as the influence of this air pollution still can't be determined. Nanoparticles with small diameters can easily penetrate human cells and purpose drastic changes in the molecular and DNA levels. Thus, these risks could lead to the strict regulatory motions being taken against nanofiber manufacturers in the future, which should affect the increase of the nanofibers market in the forecast period.

Metal Oxides Nanofiber Market Report Coverage:

This research report on the global Metal Oxides Nanofiber Market has been segmented and sub-segmented based on type, application, and region.

Metal Oxides Nanofiber Market - By Type:

• Carbon
• Ceramic
• Composite
• others

The polymer nanofibers section held the greatest share in the nanofibers market in 2019. Polymer nanofibers are ultra-thin fibers with a diameter in nonmetric vary and are characterized with the aid of a high surface region to quantity ratio. These fibers are generated from special kinds of polymers that occur naturally or can be synthesized artificially. Owing to a highly precise area, awesome porosity, and higher flexibility in floor functionalities, these fibers locate significant functions in more than a few domains. Polymer nanofibers are extensively used as a filtration medium in the industries to gain excessive best product. In addition, the elevated use of polymer nanofibers as scaffolds to create an extracellular matrix for bone tissue, and engineering purposes in the medical region is in addition fueling the demand for polymer nanofibers globally. Additionally, the introduction of nanotechnology as a novel in interdisciplinary sciences is anticipated to bolster the increase in polymer nanofibers in the course of the forecast period. Furthermore, the growing use of nanofibers for strength storage and in a number of other applications mainly in optical sensors, capacitors, transistors, and others on account of high electrical conductivity in digital industries are further growing beneficial possibilities for key gamers operating in polymer nanofiber market.

Metal Oxides Nanofiber Market - By Application:

• Water and Air Filtration
• Carbon filtration
• others

Based on application, Electrospun nanofiber-based filter media possess a high ratio of surface/volume, low-pressure drop, accurate interconnectivity of voids, and controllable connectivity and morphology, rendering them appropriate for wonderful filtering. Owing to these factors, nanofibers are used in high-efficiency particulate air (HEPA) filters.

 HEPA filters are used in industrial purposes for retaining distinct surroundings free of particulate contaminants, such as a smooth room. In most countries, HEPA filters need to meet stringent requirements.

The US Department of Energy (DOE) requirements state that a HEPA filter wishes to take away at least 99.97% of airborne particles, which are 0.3 µm in diameter, among different requirements.

The European general has specific classes of HEPA with unique requirements. The electrospun filter membrane is recognized for its high filtration efficiency and performance, making it potentially suitable for HEPA filters. In the latest past, nanofibers synthesized from steel oxide semiconductors have been actively explored in several chemical and fuel sensing applications, together with in the detection of air quality, an inspection of poisonous and inflammable gases, and monitoring of the environment. These nanofibers are capable of detecting a number of decreasing and oxidizing gases in a quick period. While the typical N95 masks are made the usage of polypropylene fibers, several startups have been making face masks with the use of electrospun nanofibers submit the COVID-19 pandemic. Masks made using nanofibers seize aerosol droplets better whilst offering additional breathability. However, the usage of nanofiber masks is still very low in comparison to ordinary N95 masks.

Metal Oxides Nanofiber Market - By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East
• Africa

Geographically, Asia-Pacific dominates the world market share. The increasing demand from industries like healthcare, aerospace and defense, energy, and the automobile has been riding the market’s growth.

The Chinese healthcare industry is the second-largest enterprise globally after the US. China is anticipated to account for 25% of the global healthcare industry’s income share by means of 2030. This is expected to make bigger the demand for nanofiber composites for drug delivery, tissue engineering, stem cell phone therapy, most cancer therapy, and wound healing.

Additionally, China has one of the greatest wound dressings markets in the Asia-Pacific region, which is anticipated to register a CAGR of 6.7% over the next 5 years. China has many domestic and worldwide wound administration organizations concerned in wound dressings, such as Chinamed and Exciton Technologies. Most of them are placed round the country’s major cities, such as Shanghai and Guangzhou.

 The Chinese automotive industry is the biggest in the world. The industry witnessed a 53% increase in manufacturing in the first nine months of 2021 compared to the equal period in 2020. Healthcare has grown to be one of India’s largest industries. The country’s fitness care spending as a share of GDP is growing rapidly, owing to the government’s focus on improving healthcare. India is also one of the most well-known destinations for scientific tourism due to its lower-priced and satisfactory healthcare, and it has additionally been experiencing excessive growth. Additionally, the healthcare phase in India has also been growing and can also raise the demand for the market studied in the country. The healthcare industry in u . s . a . is predicted to reach USD 372 billion by using 2022, primarily pushed through growing fitness awareness, access to insurance, rising income, and diseases.

 Metal Oxides Nanofiber Market Share by company

• ESPN Technologies Inc
• Teijin Limited
• Toray Industries Inc
• Hollingsworth and Vose Company
• Nippon Paper Industries Co. Ltd
• Toray Industries
• Revolution Fibres
• Donaldson
• Elmarco
• Johns Manville Corp

Recently Celularity acquired Alliqua\'s business of biological wound care for USD 29 million. The transaction is projected to aid both the companies\' long-term future.

Asahi Kasei revealed its plan for the expansion of the Leona Nylon 66 filament in Japan. The expansion is expected to fulfill the growing demand created by more vehicle production, strict safety regulations, and the usage of more airbags per vehicle.

 The industry offers numerous growth opportunities. Thus, several startups providing innovative products and technologies have been entering the market.

NOTABLE HAPPENINGS IN THE GLOBAL METAL OXIDES NANOFIBER MARKET IN THE RECENT PAST:

Product Launch - In April 2021, Nippon Paper Industries Co., Ltd. launched, highly effective deodorant sheets using cellulose nanofibers (hereinafter "CNF"), made from pulp that is chemically processed with the TEMPO catalytic oxidation method

Product Integration - In June 2020, Asahi Kasei revealed its plan for the expansion of the Leona Nylon 66 filament in Japan. The expansion is expected to fulfill the growing demand created by more vehicle production, strict safety regulations, and the usage of more airbags per vehicle.