The global metal fiber market is set to gain momentum from its surging usage in various aircraft as a sound attenuation element.
Fortune Business Insights™ published this information in a new report, titled, “Metal Fiber Market Size, Share & COVID-19 Impact Analysis, By Product (Steel, Nickel, Copper, Aluminum, and Others), By Technology (Bundle Drawing, Foil Shaving, Machining, And Melt Spinning), By Application (ESD/EMI Protection, Filtration, Hot Glass Manipulation, Electrical Cables, Specialties, and Others), By End-Use (Textile, Automotive, Aerospace, Power & Electronics, and Others), and Regional Forecast, 2020-2027.” The report further states that the metal fiber market size was USD 4,701.0 million in 2019 and is projected to reach USD 6,561.6 million by 2027, exhibiting a CAGR of 4.5% during the forecast period.Effect of COVID-19: Production to Decline Stoked by Reduced Mining OperationsThe emergence of the COVID-19 pandemic globally is affecting industrial development and metal production negatively.
It will help you better understand the scenario and make decisions accordingly.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 & RestraintsHigh Demand for Conductive Textile to Accelerate GrowthThe demand for metal fiber is high from the textile industry worldwide.
Besides, antistatic or conductive textiles are used extensively in a wide range of applications, such as military, electronic devices, home textiles, and optical & pharmaceutical industries.However, the development of innovative metal fiber production technology requires the assistance of various fields, namely, pressure handling, powder metallurgy, porous materials, and non-woven manufacturing.
The textile segment is expected to earn the highest revenue throughout the forthcoming years fueled by the increasing usage of stainless steel fibers and yarns for shielding textiles from electromagnetic interference (EMI).List of the Leading Companies Profiled in the Global Metal Fiber Market 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 PlayersRegional AnalysisAsia Pacific to Remain at Forefront Backed by High Demand from India & ChinaAsia Pacific dominated the market in 2019 and is likely to remain in its position in the near future.
The increasing usage of textiles, such as protective clothing, upholstery fabrics, and carpets is set to surge the demand for metal fiber in this region.Competitive LandscapeKey Players Focus on Expanding Production to Attract More CustomersThe market is highly fragmented.