SOURCE: BCC Research LLC

BCC Research Logo

June 01, 2016 05:30 ET

Brisk Patent Activity in Soaring Global Nanofiber Market, Reports BCC Research

WELLESLEY, MA--(Marketwired - June 01, 2016) -  Since 2005, the global nanofiber market has grown at a compound annual growth rate (CAGR) of about 25%, representing one of the fastest-growing segments within the nanotechnology sector. BCC Research reveals in its new report that patent activity in the market, especially among the filtration and separation, life science, and consumer products segments, coincides with huge growth rates in these application areas.

Nanofibers are traditionally defined as cylindrical structures with outer diameters of less than 1,000 nanometers and aspect ratios (i.e., ratios between length and width) greater than 50. Nanofibers types include nonmetal, metal and alloy, semiconducting, organic, ceramic, glass and composite. The nanotechnology sector comprises three main product groups: nanostructured materials, nanotools and nanodevices.

The global market for nanofiber product totaled $203.2 million and $276.8 million in 2013 and 2014, respectively. This market is projected to grow from $383.7 million in 2015 to nearly $2 billion in 2020, registering a five-year CAGR of 38.6% between 2015 and 2020. The mechanical/chemical/environmental segment of this market should grow from $254.4 million in 2015 to nearly $1.1 billion in 2020 on a five-year CAGR of 32.8%. This segment also accounted for the largest market share at 66.3% of all revenues in 2015. The life science segment should grow from $45.3 million in 2015 to $493.2 million in 2020, reflecting a five-year CAGR of 61.2%.

During the past 15 years, the number of applications and issued patents (PAI) increased steadily and rapidly, reaching a peak in 2014, with 658 patents applied for or issued. Between 2000 to 2015, PAI increased at a CAGR of 29%. Since 2010, PAI have realized a 12.4% CAGR, Companies and research organizations are actively developing innovative nanofiber compositions, indicating that interest in the development of nanofibers continues to expand at a healthy rate.

Introducing new and more efficient fabrication processes, and developing new applications for these materials. The number of R&D activities and patents related to nanofibers is continuing to increase at a relatively rapid pace. Since 2010, the number of patent applications and issued patents (PAI) has risen by 30%.

"Generally speaking, an average of three patents per month or more indicates significant interest in that particular technology. For the period from 2009 to 2015, the number of patents per month has always been higher than this threshold value, showing that interest in nanofiber technology is at a high level and keeps gaining strength," says BCC Research analyst Margareth Gagliardi. "This expansion in R&D activity is expected to yield technological breakthroughs and improvements that will contribute to the acceleration in the growth of the nanofiber market during the forecast period."

Global Markets and Technologies for Nanofibers (NAN043D) analyzes the industry by material types, by production methods, fabrication technologies, and by end-user applications. The report examines R&D and patent activities, emerging product developments, and competitive technologies. Analyses of global market drivers and trends, with data for each year from 2013-2015, and projections of CAGRs through 2020 also are provided.

About BCC Research
BCC Research publishes market research reports that make organizations worldwide more profitable with intelligence that drives smart business decisions. These reports cover today's major industrial and technology sectors, including emerging markets. For more than 40 years we've helped customers identify new market opportunities with accurate and reliable data and insight, including market sizing, forecasting, industry overviews, and identification of significant trends and key market participants. We partner with analysts who are experts in specific areas of industry and technology, providing unbiased measurements and assessments of global markets. Recently selected as the world's greatest market research company, BCC Research is a unit of Eli Global, LLC. Visit our website at www.bccresearch.com. Contact us: (+1) 781-489-7301 (U.S. Eastern Time), or email information@bccresearch.com.

Contact Information