The Melt Electrospinning Fibres market size is estimated to reach a value of US$1.8 billion by the end of 2027 after growing at a CAGR of 4.8% during the forecast period 2022-2027. Melt electrospinning is a manufacturing method that blends with polycaprolactone, polyvinylidene difluoride polypropylene, polystyrene and polylactide acid to create fibrous structures from polymer melts for use in filtration, textiles and tissue engineering. Melt Electrospinning fibers are in high demand due to the need for low-cost raw ingredients and the efficiency of electrospinning technology for mass production, which drives the market growth of melt electrospinning fibers. Moreover, melt electrospinning fibers' mechanical qualities and compatibility with biomedical equipment are driving their usage in a variety of end-use industries, including the medical, life science and energy sectors. The covid-19 pandemic majorly impacted the melt electrospinning fibers market due to restricted production, supply chain disruption, logistics restrictions and a fall in demand. However, with robust growth and flourishing applications across major industries such as medical, water treatment and others, the melt electrospinning fibers' market size is anticipated to grow rapidly during the forecast period.
Melt Electrospinning Fibres Report Coverage
The report: “Melt Electrospinning Fibres Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the melt electrospinning fibers Industry.
By Raw Material: Polyamides, Polyesters and Polyolefins.
By Fibre Type: Microfibers and Nanofibers.
By Application: Water Treatment, Photocatalytic, Biological sensing, Wound dressing, Batteries and fuel cells, Supercapacitors, Solar cells and Others.
By End-use Industry: Medical & Healthcare, Water and Environment, Energy Generation (Wind Energy, Solar Energy and Others) and Others.
By Geography: North America (the USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World (the Middle East and Africa).
Key Takeaways
- Asia-Pacific dominates the Melt Electrospinning Fibres market size, owing to the increasing medical & healthcare industry in the region. A larger need for medical and adult incontinence products has arisen from the region's aging population and increased prevalence of chronic diseases, which is expected to increase the market size for melt electrospinning fibers.
- Increasing government investment in the water treatment sector will further drive the market growth of melt electrospinning in the water and environment industry.
- The main driver propelling the melt electrospinning market in the energy generation industry is the eco-friendliness and affordability of melt electrospinning fibers.
- The melt electrospinning fibers market is expected to be restrained by factors such as the complexity of the design and operation process.
Melt Electrospinning Fibres Market Segment Analysis – By Fibre Type
The Nanofibers Segment held a significant share in the Melt Electrospinning Fibres market share in 2021 and is expected to grow at a CAGR of 4.9% during the forecast period 2022-2027, owing to the increasing demand from various end-use industries. Nanofibres offer high specific areas, excellent porosities and excellent flexibility in surface functions, making them appropriate for a wide range of applications including material reinforcement, sensor devices, catalysis, energy storage, filtration and many more, thereby driving the market growth of melt electrospinning fibers in nanofibers industry. Thus, these extensive properties compiled with increasing application in the medical and water treatment industry are majorly driving its segmental growth. Thus, the use of melt electrospinning fibers in various end-use industries will propel the melt electrospinning fibres market size.
Melt Electrospinning Fibres Market Segment Analysis – By End-use Industry
The Medical& Healthcare segment held a significant share in the Melt Electrospinning Fibres market share in 2021 and is projected to grow at a CAGR of 5.2% during the forecast period 2022-2027. The high demand for melt electrospinning fibers in the medical & healthcare sector is influenced by its growing application such as in medical components & devices, tissue engineering and regenerative medicine and wound dressings, which is anticipated to make a significant contribution to the worldwide market's expansion. For instance, In October 2021, Healthium Medtech invented a surgical wound dressing that incorporates patented infection control technology. Stryker increased its expected R&D spending in 2021 from USD 0.98 billion to USD 1.23 billion. Medtronic, another major producer of medical equipment, reported investing 2.49 billion dollars in R&D in 2021 as opposed to 2.33 billion dollars in 2020. With the robust growth of the medical & healthcare industry, the demand for melt electrospinning fibers for application in, medical devices, wound dressing and others in medical & healthcare will rise.
Melt Electrospinning Fibres Market Segment Analysis – By Geography
The Asia-Pacific segment held a significant share in the Melt Electrospinning Fibres market share in 2021 up to 43%. The growing infrastructural development, rising per capita income of the individuals, higher domestic demand along with the availability of low-cost labor is the major factor driving the healthcare sector in the region. According to International Trade Administration, the market for medical devices expanded dramatically in the APAC region from 2019 to 2020, rising from US$82.9 billion to US$88.6 billion. As per Invest India, the Indian medical device industry is positioned for tremendous expansion, with the market anticipated to reach $50 billion by 2025. According to Invest India, the pharmaceutical industry in India is expected to reach US$65 billion by 2024 and US$120 billion by 2030. The Average Index of Industrial Production of Manufacturing of pharmaceuticals, medicinal chemicals and botanical products in the FY 2021-22 is 221.6 and has grown by 1.3 percent. With the robust growth of the medical & healthcare industry in Asia-Pacific, the demand for melt electrospinning fibers for application in, medical devices, wound dressing and others in medical & healthcare will rise.
Melt Electrospinning Fibres Drivers
Increasing Government Investments Towards Water Treatment Sectors:
The demand for Melt Electrospinning Fibres is rapidly growing as the demand for water treatment is rapidly increasing worldwide. Therefore, the rising government investments to improve water and wastewater treatment will drive the growth of the melt electrospinning fibers industry. For instance, In July 2020, the United States Department of Energy's (DOE) Office of Energy Efficiency and Renewable Energy (EERE) announced a US$ 20 million investment opportunity to develop technology innovations that strengthen America's water infrastructure and enable advanced water resource recovery systems that could be net energy positive. Furthermore, the US Department of Agriculture (USDA) stated on July 7, 2020, that it will invest US$ 307 million in 34 states and Puerto Rico to upgrade rural drinking water and wastewater infrastructure. According to the Ministry of External Affairs, India will invest $270 billion in water supply over the next 15 years. As a result, increased government investments in Water Treatment is expected to boost the melt electrospinning fibers market share throughout the forecast period.
Increasing Demand from Energy Sector:
Increasing demand for melt electrospinning in the energy sector is driving the market growth of melt electrospinning fibers. According to the India Equity Foundation, Renewable energy generation reached 13.15 billion units (BU) in January 2022, up from 11.51 BU in January 2021. According to U.S. Energy Information Administration, Total annual wind energy generation in the United States increased from approximately 6 billion kilowatt-hours (kWh) in 2000 to approximately 380 billion kWh in 2021. With the robust growth of the energy industry, the demand for melt electrospinning fibers for application in, wind energy and solar energy in the energy sector will rise. Thus, with the high growth of melt electrospinning fibers in the energy sector, it is anticipated that the demand for the melt electrospinning fibres industry will flourish during the forecast period.
Melt Electrospinning Fibres Challenges
Complexity of the Design and Operation Process:
There are numerous limits and hurdles to using melt electrospinning, such as the greater complexity of the design and operation process, bigger fiber diameter and a lack of portable marketed melt electrospinning gear. Additionally, the melt electrospinning process is required to sustain high temperature as it blends with polycaprolactone, polyvinylidene difluoride polypropylene, polystyrene and polylactide acid. This is limiting the market growth of melt electrospinning fibers. Furthermore, unstable surface tension and spin line cohesive fractures have been observed as problems in generating electrospun fibers of uniform diameter on the submicrometer scale. As a result, the complexity related to the design and operation process limits the market growth of the melt electrospinning market.
Melt Electrospinning Fibres Industry Outlook
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the melt electrospinning fibers market. The top 10 companies in the melt electrospinning fibers market are:
- ESpin Technologies (US),
2. SNS Nano Fiber Technology (US),
3. Ahlstrom Corporation (Finland),
4. DuPont (US),
5. Hollingsworth & Vose (US),
6. Donaldson Company, Inc. (the US),
7. ACS Material (US),
8. Teijin Limited (Japan),
9. Toray Industries, INC. (Japan)
10. Catalytic Materials LLC (US)
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