Global Metal Fiber Market to Reach US$ 5.96 Billion by 2027 | IMARC Group

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According to the latest report by IMARC Group, titled, “Metal Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“,The global metal fiber market size reached a value of US$ 4.65 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.96 Billion by 2027, exhibiting at a CAGR of 4.21% during 2022-2027.

Metal fiber refers to a thin filament that is generally manufactured using several fibers, such as metallic alloys, plastic-coated metal and pure metals, via thermal and mechanical processes. It is widely used in the production of textile products, plastic-coated metals and porous media. Additionally, it is also utilized in air and liquid filter applications due to its high chemical and heat resistance properties. Some of the common product variants available in the market include sintered, short and polymer pallets metal fibers.  They are extensively used for multiple industrial applications owing to their excellent flexibility, ductility, permeability and mechanical strength.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Metal Fiber Market Trends:

The global market is primarily driven by the rising product demand in the textile industry. This is supported by the increasing adoption of synthetic materials for weaving and embroideringfabrics. In line with this, the shifting consumer preference for lightweight materials is significantly impacting the market. Coupled with the widespread utilization of metal fibers in the manufacturing of vehicles for reducing the overall weight of an automobile and enhancingfuel efficiency as an initiative for minimizing carbon emission, this is providing an impetus to the market growth. Moreover, the escalating adoption of metal fibers for the fabrication of circuit boards equipped in computers and mobiles is acting as another growth-inducing factor. Additionally, the growing utilization of the product for reducing wear on engine components and removing contaminants in lube and fuel oil across the marine industry ispositively influencing the market. Other factors, including increasing investments by leading manufacturers for expanding their manufacturing facilities and extensive research and development (R&D) activities conducted by key players, are further propelling the product demand.

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Metal Fiber Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Addas Group, ArcelorMittal S.A., BinNova GmbH & Co KG, Fibrometals SRL, Green Steel Group, Guven Metal, IntraMicron Inc., MBC Metal Limited, N.V. Bekaert S.A., Nikko Techno Ltd., Nippon Seisen Co. Ltd and Stanford Advanced Materials.

The report has segmented the market on the basis on type, technology and end use industry.

Breakup by Type:

Steel
Copper
Nickel
Aluminium
Others

Breakup by Technology:

Bundle Drawing
Foil Shaving
Machining
Melt Spinning
 
Breakup by End Use Industry:

Automotive
Textile
Aerospace
Construction
Power and Electronics
Others

Breakup by Region:

North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

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If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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