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.
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Market Trends, Drivers, Restraints, and Opportunities:
Rising preferences of consumers for light-weight materials is driving the growth of the global metal fiber market. Increasing developments in the textile industry is fueling market expansion. Auto-manufacturers are adopting light-weight materials to reduce the overall weight of the vehicle, enhance fuel efficiency, and adhere to the pollution control policies implemented by governments. This, in turn, is boosting the growth of the market. Growing demand for metal fiber from the construction industry and surge in demand for this fiber for filtration applications are propelling the market. Characteristics of metal fiber such as corrosion resistance, chemical resistance, and high tensile strength are boosting the adoption of metal fiber in various industries for numerous applications, thus driving the market. Availability of substitute products and high manufacturing costs are restraining the market growth. Volatility in raw material prices is hampering the market growth. Increasing consumer base in Asia Pacific, Latin America, and the Middle East & Africa is expected to drive the market during the forecast period.
Global Metal Fiber Market Segment Insights:
The steel segment is projected to hold significant market share
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.
Heating segment holds considerable market share
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.
Bundle drawing segment holds substantial market share
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.
The automotive segment is expected to trigger market growth
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.
Asia Pacific dominates the global market
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.
Competitive Analysis
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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The global ''metal fiber market'' is set to gain momentum from its surging usage in various aircraft as a sound attenuation element.
Fortune Business Insights™ published this information in a new report, titled, “Metal Fiber Market Size, Share & COVID-19 Impact Analysis, By Product (Steel, Nickel, Copper, Aluminum, and Others), By Technology (Bundle Drawing, Foil Shaving, Machining, And Melt Spinning), By Application (ESD/EMI Protection, Filtration, Hot Glass Manipulation, Electrical Cables, Specialties, and Others), By End-Use (Textile, Automotive, Aerospace, Power & Electronics, and Others), and Regional Forecast, 2020-2027.” The report further states that the metal fiber market size was USD 4,701.0 million in 2019 and is projected to reach USD 6,561.6 million by 2027, exhibiting a CAGR of 4.5% during the forecast period.List of the Leading Companies Profiled in the Global Metal Fiber Market are:Bekaert (Belgium)Deutsches Metallfaserwerk Dr. Schwabbauer GmbH & Co. KG (Germany)IntraMicron (U.S.)NIKKO TECHNO, Ltd. (Belgium)CREAFIBRES SAS (France)Green Steel Group (Italy)Fibrometals (Romania)Nippon Seisen Co., Ltd. (Japan)MBC Metal Limited (China)Addas Group (Egypt)GUVEN METAL (Turkey)BinNova GmbH & Co KG (Germany)Other Key PlayersEffect of COVID-19: Production to Decline Stoked by Reduced Mining OperationsThe emergence of the COVID-19 pandemic globally is affecting industrial development and metal production negatively.
It will help you better understand the scenario and make decisions accordingly.
Study Period: 2016-2027 Base Year: 2019 Forecast Period: 2020-2027 Historical Period: 2016-2018This Report Answers the Following Questions:What are the market drivers, trends, and hindrances?Which region would dominate the market in the near future?Which segment is set to lead the market by the end of 2027?How will the companies surge sales of metal fibers amid the pandemic?Drivers & RestraintsHigh Demand for Conductive Textile to Accelerate GrowthThe demand for metal fiber is high from the textile industry worldwide.
Besides, antistatic or conductive textiles are used extensively in a wide range of applications, such as military, electronic devices, home textiles, and optical & pharmaceutical industries.However, the development of innovative metal fiber production technology requires the assistance of various fields, namely, pressure handling, powder metallurgy, porous materials, and non-woven manufacturing.
Competitive LandscapeKey Players Focus on Expanding Production to Attract More CustomersThe market is highly fragmented.
