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 & Industry 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.The 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 fibersamid the pandemic?Drivers & Restraints-High Demand for Conductive Textile to Accelerate GrowthThe demand for metal fiber is high from the textile industry worldwide.
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 forshielding textilesfrom electromagnetic interference (EMI).Regional Analysis-Asia Pacific to Remain at Forefront Backed by High Demand from India & China Asia Pacific dominated the market in 2019 and is likely to remain in its position in the near future.
Also, India would showcase a considerable demand from the textile and automotive industries.
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 Landscape-Key Players Focus on Expanding Production to Attract More Customers The market for metal fibers is highly fragmented.