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Posted: October 2, 2007
Nanofibers Global Sales Estimated to Reach $176 Million in 2012 According to BCC Research
(Nanowerk News) According to a recently published BCC Research report, NANOFIBERS: TECHNOLOGIES AND DEVELOPING MARKETS (NAN043A), the global market for nanofibers increased from $40.2 million in 2005 to $43.2 million in 2006 with sales reaching an estimated $48.0 million by the end of 2007. It should reach $176 million in 2012 and grow to $825 million by 2017, compound annual growth rates (CAGR) of 30% and 36%, respectively.
Nanofiber revenue growth is being driven primarily by the utilization of these materials in the mechanical/chemical sector, in particular for manufacturing filtration media. This sector is expected to grow from $35.3 million in 2007 to $127.6 million in 2012 and $521.7 million in 2017, at 29.3% and 32.5% CAGR, respectively.
The fastest growing sector will be Electronics, increasing from $2.2 million in 2007 to $7.2 million in 2012 and $137.9 million in 2017 at 42.7% and 60.4% CAGR, respectively.
Another important sector is Energy, growing from $7.9 million in 2007 to $29 million in 2012 and $116.3 million in 2017 at CAGRs of 29.7% and 32%, respectively.
Nanofibers are traditionally defined as cylindrical structures having an outer diameter below 1000 nm and an aspect ratio (the ratio between length and width) greater than 50. Over the years, several types of nanofibers have been developed: polymeric, carbon, ceramic, glass, metallic, and composite.
Nanofibers have current and potential use in a large variety of applications, i.e., electronics, mechanical, chemical, sensors and instrumentation, energy, medical, bioengineering, automotive, aerospace, thermal and acoustic insulation, consumer, and defense and security.
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research (www.bccresearch.com), 40 Washington Street, Suite 110, Wellesley, MA; Telephone: 866-285-7215, [email protected] as the source and publisher, along with report number, which can be found immediately after the report title.