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Global nanofibers industry outlook

June 19th, 2020 / By: / Industry News

According to the report “Nanofibers—Global Market Trajectory & Analytics” by ResearchAndMarkets.com, amid the COVID-19 crisis and the looming economic recession, the nanofibers market worldwide is projected to grow by US$2.7 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 21.8%. Polymer, one of the segments analyzed and sized in this study, is forecast to grow at over 22.4% and reach a market size of US$2 Billion by the end of the analysis period.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 24.5% CAGR. Within Europe, Germany will add over US$85.7 Million to the region’s size over the next 7 to 8 years. In addition, over US$128.3 Million worth of projected demand in the region will come from other European markets. In Japan, the polymer segment will reach a market size of US$92.6 Million by the close of the analysis period.