Metal Fiber Market Industry Trends, Sales Revenue, Industry Growth, Development Status, Top Leaders, Future Plans and Opportunity Assessment 2027
The global ''metal fiber market'' is setto gain momentum from its surging usage in various aircraft as a soundattenuation element. Nowadays, the increasing population in cities is, in turn,raising the volume of air traffic. Hence, the demand for silent aircraft isincreasing to lower noise pollution and to control air traffic. FortuneBusiness Insights™ published this information in a new report, titled, “MetalFiber Market Size, Share & COVID-19 Impact Analysis, By Product (Steel,Nickel, Copper, Aluminum, and Others), By Technology (Bundle Drawing, FoilShaving, Machining, And Melt Spinning), By Application (ESD/EMI Protection,Filtration, Hot Glass Manipulation, Electrical Cables, Specialties, andOthers), By End-Use (Textile, Automotive, Aerospace, Power & Electronics,and Others), and Regional Forecast, 2020-2027.” The report furtherstates that the metal fiber market size was USD 4,701.0 million in 2019 and isprojected to reach USD 6,561.6 million by 2027, exhibiting a CAGR of 4.5%during the forecast period.
List of the Leading Companies Profiled in the Global Metal FiberMarket are:
- Bekaert (Belgium)
- Deutsches Metallfaserwerk Dr. Schwabbauer GmbH & Co. KG (Germany)
- IntraMicron (U.S.)
- NIKKO TECHNO, Ltd. (Belgium)
- CREAFIBRES SAS (France)
- Green Steel Group (Italy)
- Fibrometals (Romania)
- Nippon Seisen Co., Ltd. (Japan)
- MBC Metal Limited (China)
- Addas Group (Egypt)
- GUVEN METAL (Turkey)
- BinNova GmbH & Co KG (Germany)
- Other Key Players
Effect of COVID-19: Production to Decline Stoked by Reduced MiningOperations
The emergence of the COVID-19 pandemic globally is affectingindustrial development and metal production negatively. There is a decline inthe prices of metals, such as steel owing to the low demand. In addition tothis, the pandemic has halted mining operations, thereby limiting the supply ofmetals. This factor may obstruct the production of metal fibers drastically. Weare offering extensive analysis of the factors that are affecting the marketseverely. It will help you better understand the scenario and make decisionsaccordingly.
Study Period: 2016-2027
Base Year: 2019
Forecast Period: 2020-2027
Historical Period: 2016-2018
This Report Answers the Following Questions:
- What are the market drivers, trends, and hindrances?
- Which region would dominate the market in the near future?
- Which segment is set to lead the market by the end of 2027?
- How will the companies surge sales of metal fibers amid the pandemic?
Drivers & Restraints
High Demand for Conductive Textile to Accelerate Growth
The demand for metal fiber is high from the textile industryworldwide. This is because of the recent trend of wearing smart textiles ore-textiles. Also, biomedical clothing contains electrodes made of conductiveyarns. Besides, antistatic or conductive textiles are used extensively in awide range of applications, such as military, electronic devices, hometextiles, and optical & pharmaceutical industries.
However, the development of innovative metal fiber productiontechnology requires the assistance of various fields, namely, pressurehandling, powder metallurgy, porous materials, and non-woven manufacturing.Manufacturers sometimes are unable to keep up with the requirements. This factormay hamper the metal fiber market growth in the coming years.
Regional Analysis
Asia Pacific to Remain at Forefront Backed by High Demand fromIndia & China
Asia Pacific dominated the market in 2019 and is likely to remainin its position in the near future. This growth is attributable to the highdemand for these fibers from India and China. Also, India would showcase aconsiderable demand from the textile and automotive industries. In 2019, NorthAmerica procured USD 629.9 million in terms of revenue. The increasing usage oftextiles, such as protective clothing, upholstery fabrics, and carpets is setto surge the demand for metal fiber in this region.
Segment
Rising Usage of Stainless Steel Fibers to Favor Growth of TextileSegment
Based on end-use, the aerospace segment held 16.5% in terms ofmetal fiber market share in 2019. The textile segment is expected to earn thehighest revenue throughout the forthcoming years fueled by the increasing usageof stainless steel fibers and yarns for shielding textiles from electromagneticinterference (EMI).
Competitive Landscape
Key Players Focus on Expanding Production to Attract MoreCustomers
The market is highly fragmented. Most of the companies areadopting strategies, such as investments, acquisitions, research &development activities, and innovation to strengthen their positions. Some ofthe others are broadening their production processes and shifting theirfacilities to bigger locations for attracting more customers.
Metal Fiber Market Report Focus on:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
Browse Detailed Summary of Research Report: https://www.fortunebusinessinsights.com/metal-fiber-market-103888
Key Questions Answered:
Why Choose Fortune Business Insights?
What are the key demands and trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?
What is the market size and growth rate of the global and regional market byvarious segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecastperiod?
What Factors are estimated to drive and restrain the market growth?
Below is a recent industry development:
July 2020: Bekaert will move its US production activities of Dramix® steelfiber to a state-of-the-art facility in Wilkes-Barre in fall 2020. It took thisdecision because of the high demand for Dramix® steel fiber. The company’sShelbyville team will assist customers during the entire relocation process. Tomeet the ‘U.S. made and melt’ requirement, the company is investing inhigh-quality steel fiber production.
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