Metal Fiber Market: Information by Type (Nickel, Aluminum, Copper, Iron, Silver, and Others), by Application (Filtration, ESD/EMI Protection, Hot Glass Manipulation, Heating, Specialties, and Others), by Technology (Bundle Drawing, Foil Shaving, Melt Spinning, and Machining), by End User (Automotive, Textiles, Plastic, Glass, and Others), and by Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)—Forecast till 2030
ID: MRFR/CnM/1960-HCR | 135 Pages | Published By Anshula Mandaokar on March 2023
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Metal Fiber Market
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).
$4.5 billion
9.30%
North America
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.
The global metal fiber market has been segmented into type, application, technology, end user, and region. 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, thermal resistance, and being light weighted. By application, the global metal fiber market has been divided into filtration, ESD/EMI protection, hot glass manipulation, heating, or other specialties. Based on technology, the global metal fiber market has been split into bundle drawing, foil shaving, melt spinning, and machining. Bundle drawing is the most widely used process to produce metal fiber. Based on end user, the global metal fiber market has been segregated into automotive, textiles, plastic, glass, 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.
North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa are the region 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 reviewed period as there is the high consumption of textile products such as carpets & upholstery fabrics, protective clothing, plastic compounds are leading to the increase in demand for metal fibers. Moreover, a developed automotive industry of the region producing metal fiber embedded brake pads, clutches, and car seat heating seat and hence increasing the overall demand for metal fiber in the regional market. The Europe region had the second-largest share in the global metal fiber market in 2018 and is expected to show a promising growth during the forecast period because metal fiber being used in thermal clothing for production of protective personal equipment’s (PPEs) which are majorly used in F&B and construction & mining sectors. Furthermore, the substantial presence of following sectors has fueled the overall growth of metal fiber in the regional market. The main drivers for the growth of metal fiber in the Asia-Pacific region are the growing industrialization in the countries such as India, China, and Japan, leading to the high demand for the metal fiber. Moreover, programs such as ‘Make in India’ which encourages policies like Foreign Direct Investments (FDI) has boosted the manufacturing and production segment of the region contributing to the overall growth of metal fiber in the regional market. The high manufacturing cost was accounted for the slow growth of metal fiber in Latin America. However, the region is relied upon to observe moderate development during the forecast period because of the rising industrialization in nations, for example, Brazil, Mexico, and Chile. The Middle East & Africa is expected to have a composed growth in the metal fiber market during the reviewed period attributed to the growing infrastructure and construction sector of the regional market.
Some of the key players operating in the global metal fiber market 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).
Intended Audience:
- Metal fiber manufactures
- Production process industries
- Traders and distributors of metal fiber
- Raw material suppliers
- Potential investors
- R&D laboratories
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | USD 4.5 billion |
| CAGR | 9.30% |
| Base Year | 2021 |
| 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 |
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| Key Market Drivers |
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Frequently Asked Questions (FAQ) :
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.
