Global Metal Fiber Market size was valued at US$ 4.77 Bn in 2019 and the total revenue is expected to grow at 4.8 % through 2020 to 2026, reaching nearly US$ XX Bn.
The global Metal Fiber market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Metal Fiber report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Metal Fiber Market Overview:
Beneficial properties of metal fibers like high porosity, durability, and cleanability it has high contribution in filtration segment and attributed to lightweight, high thermal and corrosion resistance and good electric conductivity is used in various industries, this, in turn, drives the metal fiber market size.
Global Metal Fiber Market Dynamics:
Increasing product demand from the electrical and electronics industry and textile industry drives the global metal fiber market demand. Favorable properties of a product like high tensile strength and light weight make them an ideal product to use in the aerospace, automotive, aviation, and arms industry which is expected to fuel the metal fiber market demand during the forecast period.
Some regulations regarding the weight and strength of the materials used in the production of vehicles enforce the end-users to select metal fiber for various end-use sectors, this factor propels the market growth. The product applications in textiles for antistatic fibers and electronic industries for weaving, circuit boards utilized in mobiles and computers, are the other factors that boost the market growth. Moreover, Properties offered by the product like chemical resistance, corrosion resistance, and high tensile strength is contributing to the market growth.
High raw material prices and fluctuations in product prices are expected to restrain the market growth during the forecast period. Lack of rigidity and flexibility and availability of substitutes like carbon fibers is also hampering the market growth. Furthermore, competition between manufacturers for enhancement in products for various industries is expected to create lucrative opportunities for market growth during the forecast period.
Global Metal Fiber Market Segment Analysis:
By Product, the metal fiber market is segmented into steel, nickel, copper, aluminum. The steel fiber product segment led the market and accounted for around 33.4% share in terms of revenue in 2019. Rising non-structural applications and their ability to enhance resistance and strength are major factors propelling segment growth. Steel fiber is expected to boost the market, followed by aluminum fiber, with a substantial share and is expected to register considerable CAGR during the forecast period.
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By End-Use Industry, the market is automotive, aerospace & defense, and others. The automotive end-use industry held the largest market share of more than 25.0% in terms of revenue in 2019 thanks to an increase in product usage in diverse applications, including chassis, body parts, and seats. The end users invest significantly in their R & D activities for the selection of advanced and lightweight materials for the vehicles.
Global Metal Fiber Market Regional Insights:
Asia Pacific is dominating the Metal Fiber Market
The Asia Pacific held the largest market share of around 31.62% in terms of revenue in 2019 and is expected to grow at a CAGR of XX% during the forecast period. The regional dominance is attributed to the presence of key manufacturers in emerging economies like India and China and growing product use in various end-use industries including automotive, aerospace, and electric industries. Economies like Japan, Australia, India, and New Zealand are further boosting the market growth in the region. Furthermore, increasing metal fiber demand from aerospace and automotive industries are the major driving factors contributing to the market growth in Europe and North America.
The objective of the report is to present a comprehensive analysis of the Global Metal Fiber market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Metal Fiber market dynamics, structure by analyzing the market segments and project the Global Metal Fiber market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Metal Fiber market make the report investor’s guide.
Global Metal Fiber Market Scope: Inquire before buying
Global Metal Fiber Market, by Region
- North America
- Asia Pacific
- Middle East and Africa
- South America
Global Metal Fiber Market Key Players
- N.V. Bekaert S.A
- Fibrometals SRL.
- PPG Industries Ohio Inc.
- IntraMicron, Inc.
- Fiberguide Industries Limited
- Addas Group
- Guven Metal
- BinNova Metal Fiber Technology GmbH
- Nippon Seisen Co., Ltd
- MBC Metal Limited
- Stanford Advanced Materials
- Green Steel Group
- Hollingsworth & Vose Company
- Carlisle Companies Inc.
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