Metal Fiber Market-Analysis
Metal fibers are produced from different alloys and metals. This increases their resistance, performance, and strength in comparison to polymer coated fibers. It is distinctive from metal filaments and recognized due to its difference in diameter. The global Metal Fiber Market report collated by Market Research Future (MRFR) analysts contains valuable insights and business intelligence which can serve as a safeguard in the period of forecast. The impact of the COVID-19 pandemic on the industry has been explored in depth.
The Metal Fiber Market was valued at around USD 4.5 billion in 2018 and is expected to register a CAGR of approximately 8.1% during the forecast period, 2019–2025.
Characteristics of durability, high porosity, and washability can warrant its demand in multiple end-use industries and drive the market demand. The scope of metal fibers in the textile industry is predicted to favor the market greatly. The fibers are blended with cotton or other materials to be spun into yarns and used as decorative pieces.
High manufacturing costs and lack of flexibility may threaten the global metal fiber market growth.
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The global metal fiber market has been segmented into type, application, technology, and end user.
By type, the global metal fiber market has been classified as nickel, aluminum, copper, iron, silver, and others. Aluminum held the largest market share in 2018, due to its high conductivity and thermal resistance.
By application, the global metal fiber market has been divided into filtration, ESD/EMI protection, hot glass manipulation, heating, or other specialties. The ESD/EMI protection segment is expected to showcase the highest growth during the forecast period due to its ability to limit the flow of current and allocating protection to the product.
Based on technology, the global metal fiber market has been divided into foil shaving, bundle drawing, melt spinning, and machining. Bundle drawing is the most widely used process to produce metal fiber. It allows continuous production of metal fiber with a range extending to several miles.
Based on end user, the global metal fiber market has been segregated into plastic, glass, automotive, textiles, and others. The textile industry holds the largest market share of global metal fiber due to the use of metal fibers in different applications such as ESD/ EMI protection, heating, hot glass manipulation to produce handbags, footwear, home décor, etc.
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North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa (MEA) are regions analyzed under the scope of the market.
North America held the largest share of the global metal fiber market in 2018 and is expected to dominate the market during the forecast period owing to high consumption of textile products such as protective clothing, carpets & upholstery fabrics, and others. The growing automotive industry and its need for car upholstery can fuel the increasing the overall demand for metal fiber in the regional market.
Europe held the second-largest share in the global metal fiber market in 2018 and is expected to show a promising growth during the forecast period. This can be attributed to metal fiber being used in production of protective personal equipment’s (PPEs). These have found use in healthcare, food and beverages, construction, and mining sectors.
Sarda Industrial Enterprises, Interstate Specialty Products, Green Steel Group, American Metal Fibers, Inc., Carlisle Companies Inc., Addas Group, Freudenberg Group, Fibre Technology Ltd, Stanford Advanced Materials, Dexmet Corporation, Fujikura Europe Ltd., Hollingsworth & Vose Company, Bekaert, Magnetic Shield Corporation, and Hunan Huitong New Materials Co., Ltd. are key players of the global metal fiber market.
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