Nanofibers Market
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The Global Nanofibers Market projected to grow at a CAGR of 26.6% from USD 490.1 million in 2019 to USD 3.10 billion in 2027. Factors expected to drive the market growth are the increasing use of low-cost polymers to manufacture Nanocomposites and has led to substantial growth in the industry. Additionally, the change in market and product preferences is expected to drive the growth of the nanofibers. The demand for polymeric nanofibers is high due to the requirement of cheap raw materials and the effectiveness of electrospinning technology for mass production of these products. Furthermore, its mechanical properties and compatibility with biomedical devices led to its significant penetration in the sectors of Health, Life Science, and Pharmaceutical.
