The global metal fiber market is anticipated to expand at a considerable CAGR during the forecast period. Metal fiber, is a fiber containing a metal, metal coated plastic, plastic coated metal, or a core covered by a metal. Metal fiber has a broad range of application in multiple industries such as power, chemicals & materials, and electronics.
The report on global metal fiber market includes an assessment of the market, size, share, trends, segments, and regional markets.
Attributes |
Details |
Base Year |
2019 |
Historic Data |
2017 & 2018 |
Forecast Period |
2020–2027 |
Regional Scope |
Asia Pacific, North America, Europe, Latin America, and Middle East & Africa |
Report Coverage |
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
In terms of types, the metal fiber market can be divided into nickel, aluminum, steel, iron, silver, and others. The steel segment led the market in 2019 and this trend is expected to continue during the forecast period. Ability to improve resistance and rising number of non-structural applications are boosting segment growth.
On the basis of applications, the market can be divided into global filtration, ESD/EMI protection, hot glass manipulation, heating, specialties, and others. Demand for SCR (silicon-controlled rectifier) heating, car seat heating are factors contributing to the heating segment holding considerable share of the market.
Based on technology, the metal fiber market can be segregated into melt spinning, machining, foil shaving, and bundle drawing. The bundle drawing process is a common technology adopted to produce metal fibers.
In terms of end-users, the metal fiber market can be segmented plastic, glass, textiles, automotive and others. The automotive industry is likely to grow at a significant pace during the forecast period, as various governments are adopting pollution control policies resulting in automotive companies investing in lightweight materials for the vehicles, thus boosting the use of metal fiber.
Based on regions, the global metal fiber market can be fragmented into Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the global market in 2019 due to the high demand for metallic fiber from developing countries such as India, South Korea, and China. Major MNCs such as N.V. Bekaert S.A are showing interest in developing regions, thus boosting the market in the region. Furthermore, growth of industries such as automotive and textile is propelling the market in the region.
Companies engage in R&D facilities, innovation, investments, and acquisitions to increase their market share and global presence. Some of the prominent players in the global metal fiber market include Fibrometals SRL, Green Steel Group, MBC Metal Limited, Nippon Seisen Co., Ltd, Addas Group, Guven Metal, BinNova Metal Fiber Technology GmbH, Stanford Advanced Materials, Arcelor Mittal, IntraMicron, Inc., N.V. Bekaert S.A., PPG Industries Ohio Inc., Fiberguide Industries Limited, Fibrezone India, and Sarda Industrial Enterprises.
Companies engage in R&D facilities, innovation, investments, and acquisitions to increase their market share and global presence. Some of the prominent players in the global metal fiber market include Fibrometals SRL, Green Steel Group, MBC Metal Limited, Nippon Seisen Co., Ltd, Addas Group, Guven Metal, BinNova Metal Fiber Technology GmbH, Stanford Advanced Materials, Arcelor Mittal, IntraMicron, Inc., N.V. Bekaert S.A., PPG Industries Ohio Inc., Fiberguide Industries Limited, Fibrezone India, and Sarda Industrial Enterprises.
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