ID: MRFR/CnM/1960-HCR | 135 Pages | Published By Anshula Mandaokar on March 2023
Metal Fiber Market is projected to be worth USD 4.5 billion by 2030, registering a CAGR of 9.30% during the forecast period (2022-2030).
The Metal Fiber Market was valued at around USD 4.5 billion in 2030 and is expected to register a CAGR of approximately 9.30% during the forecast period, 2022-2030. Metal fiber is a manufactured fiber made from different type of coating processes such as plastic coated with metal, metal coated with plastic, moreover any fiber can be considered as a metal fiber if it has one of its composition is a metal although they can be differentiated from metal filaments on the basis of there diameter, usually the diameter for metal fibers lies in the range of 1µm to 100µm anything larger could be considered as a filament. Due to their properties such as high porosity, durability and cleanability they have a high contribution in filtration segment, and because of the features such as lightweight, high thermal and corrosion resistance, and good electric conductivity there is a surge in demand for the metal fiber in multiple industries. Lack of flexibility, rigidity, and high manufacturing cost can hamper market growth during the reviewed period.
|Market Size||USD 4.5 billion|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors and Trends|
|Segments Covered||Type, application, technology, end user, and region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Bekaert (Europe), Hollingsworth & Vose Company (US), Carlisle Companies Inc. (US), Magnetic Shield Corporation (US), Dexmet Corporation (US), Interstate Specialty Products (US), Stanford Advanced Materials (US), Sarda Industrial Enterprises (India), Addas Group (Egypt), Freudenberg Group (Germany), Fibre Technology Ltd (UK), Green Steel Group (Italy), American Metal Fibers, Inc. (US), Hunan Huitong New Materials Co., Ltd. (China), and Fujikura Europe Ltd. (UK).|
|Key Market Opportunities||
|Key Market Drivers||
The valuation was USD 4.5 billion.
The market could achieve 9.30% CAGR during the forecast period of 2022-2030.
The metal fiber market has restraints like rigidity, lack of flexibility, and high manufacturing cost.
The metal fiber market has end users like textiles, automotive, glass, plastic, and others.
North America would dominate the global metal fiber market.