Metal fiber also known as synthetic fiber is observing increasing demand owing to the novel applications being discovered for it. It Market reports linked to the chemicals and materials sector made available by Market Research Future along with published reports on other sectors have been recently published along with a report on this industry.Metal Fiber Market Growth is projected to be worth USD 5.9 billion by 2030, registering a CAGR of 8.1% during the forecast period (2021 - 2030)
Their attributes such as abrasion, resistance to high temperatures and chemicals have significantly contributed to increasing the scope of applications, which has raised the demand that the market experiences considerably. The application of metal fibers in the textile industry is projected to carry on its control in the duration of the forecast period. Bags, footwear, carpets, apparels are among some of the prime application in the textile industry for metal fibers. The expansion of the fashion industry into newer areas will add positively to the development of the market. Moreover, the use of metal fibers in glass blowing applications to reduce scraps and deformations is also a significant contributing factor to the progress of the market. Additionally use of metal fibers in communication lines , is also anticipated to spike in the forecast period owing to intensified activity in the sector lately.
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Global Competitive Analysis
The enhanced financial liquidity of the competitors in the market has increased thereby proving new opportunities for growth of the market. The market shows a great deal of potential for developing at an expedited pace. The market attractiveness and competitors’ dynamics are greatly enhanced by the strategies that are being employed by market players. The product offering of the market has diversified tremendously as compared to the past few years, thereby making the market more lucrative for current and new contenders. The market is very well defined in terms of segments relating to the products as well as the end users that are a part of the market. The long term sustainability of the market is however greatly dependent on the tactics and the strategic roadmaps that are employed by market players.
The key players of the high metal fibers market are
Toho Tenax America Inc. (USA)
Bekaert (Europe)
Hollingsworth & Vose Company (USA)
Dexmet Corporation (USA)
Magnetic Shield Corporation (USA)
Interstate Specialty Products (USA)
Carlisle Companies Incorporated (US)
and Others.
Industry Segments
The market for metal fiber is segmented on the basis of types, end user, application, and region. The segmentation based on types comprises of aluminum, gold, nickel, copper, silver, and others. The application based segmentation of the market is segmented into heating, ESD/EMI protection, filtration, hot glass manipulation, or other specialties. The end user segment of the market comprises of textiles, automotive, glass, plastic, and others. The regions covered in the market comprise of Europe, APAC, North America, Latin America, and Middle East & Africa.
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Detailed Regional Analysis
The regional analysis of the metal fiber market includes regions such as APAC, North America, Middle East, Africa, Europe and rest of the world. The analysis observes that the North American region controls the metal fiber market globally as it is massive manufacturing base for the aerospace and defense industry. However, the APAC region is anticipated to be the swiftly growing metal fiber market owing to the boost in the demand from the automotive and textiles industries. Enormous demand in a variety of applications such as filtration, hot glass manipulation, ESD/EMI protection, heating, or other specialties is expected to drive the metal fiber market’s progress. The escalating demand from industries such as textiles, plastic, glass, automotive, and among others in Japan, India, China, and Indonesia has boosted the demand for the metal fiber market globally.
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