Nanofibers market has an untapped potential for future growth owing to its superior
capabilities such as high strength, optical and electrical quality and uniformity of layers.
Manufacturers of nanofibers are constantly investing huge amounts in evolving new
production techniques to improve the capabilities. Nano enabled packaging for food and
pharmaceuticals industry has been growing at a double digit CAGR in the past five years and
is witnessed to continue growing at robust rate. Nanocomposites are anticipated dominate
the global nanotechnology market by type and are estimated to control around 60% of the
total market revenue by type in 2021. However, nanoclays and nanomagnetics are
estimated to attain the fastest growth rate during the forecast period.
The report explains that global nanotechnology market is segmented on the basis of
types, application and geography. Based on types, nanotechnology is classified into:
• Nanocomposites
• Nanoparticles
• Nanotubes
• Nanoclays
• Nanofibers
• Nanoceramics
• Nanomagnetics