According to Report, the metal fiber market is expected to grow at a CAGR of 4.8% during forecast period 2021 to 2027 and is projected to reach around US$ 7.01 billion by 2027.
The metal fiber market report covers a detailed analysis for the historic period 2017-2020, considering 2021 as the base year and forecast (growth) for 2021-2027.
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This research report evaluates the metal fiber market on a global and regional level. It offers a thorough analysis of the market revenue status, growth, future trends, and forecast of the global metal fiber market for the period from 2017 to 2027.
Growth Factors
Metals are very crucial elements for the development of any industry. Presently, change in consumer preference for light-weight materials impact significantly towards the growth of metal fiber over the time period and this trend expected to be continued over the coming years because of significant on-going developments in the textile industry.
Apart from textile sector, automotive industry is the other prominent sector that has upended the global market for metal fibers. Alarming rate of rise in the air pollution has compelled governments of various nations to adopt stringent pollution control methods and as transportation contributes prominently towards the increasing pollution, thus strict measure are adopted regarding emission. In the wake of same, auto manufacturers are looking for light-weight materials that reduce the overall weight of the vehicle and enhance the fuel efficiency, thereby reducing the overall per vehicle contribution to the pollution.
Market Report Scope
| Report Highlights | Details |
| Market Size | USD 7.01 Billion by 2027 |
| Growth Rate | CAGR of 4.8% from 2021 to 2027 |
| Largest Market | Asia Pacific |
| Fastest Growing Market | North America |
| Base Year | 2021 |
| Forecast Period | 2021 to 2027 |
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This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global metal fiber market for the forecast period of 2021–2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.
The report analyzes the historical and present-day scenario of the global metal fiber market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.
Key Highlights
- The Asia Pacific is the front-runner in the global market accounting for a revenue share of nearly 32% in 2019 due to prominent demand from India, China, and other countries
- The metal fiber market in Europe is majorly driven by its significant demand from automotive industry
- The market in North America generated around 1.1 Billion in 2019 and projected to register a substantial growth over the forthcoming years owing to high demand for lightweight fibers
- Steel fiber emerged as a leading product segment in 2019 with a revenue share of around 35% because of high demand for steel fibers in non-structural applications
- Aluminum is the other important product segment that follows steel fiber in terms of revenue and estimated to expand at a rate of nearly 5% over the forecast timeframe
- The automotive industry dominated the global market with more than 25% of total revenue in the year 2019 because of diverse applications in body parts, chassis, and car seats
- The aerospace &defense industry emerged as a second largest end-use industry in the year 2019 owing to large application in sound attenuation and hydraulic fluid filter media
- The Asia Pacific is the most prominent market for metal fiber and accounted for the highest value share of nearly 32% in the year 2019.
- Besides this, Europe and North America are the other significant markets in the metal fiber owing to high demand from automotive and aerospace & defense industries.
- North America followed by Europe invests prominently in the research & development sector of defense and aerospace to strengthen their research arena and military base.
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Competition Landscape
In the final section of the research report, Precedence Research provided the global metal fiber market structure and a detailed competition landscape to provide a dashboard view of key players operating in the global market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.
Some of the major players in the metal fiber market include:
- IntraMicron, Inc.
- V. Bekaert S.A.
- PPG Industries Ohio Inc.
- Fiberguide Industries Limited
- Fibrometals SRL
- Green Steel Group
- MBC Metal Limited
- Nippon Seisen Co., Ltd
- Stanford Advanced Materials
- Addas Group
- Guven Metal
- BinNova Metal Fiber Technology GmbH
Market Segmentation
By Product
- Nickel
- Steel
- Aluminum
- Copper
- Others
By End-use Industry
- Power & Electronics
- Automotive
- Chemical & Materials
- Textile
- Aerospace & Defense
- Others
Regional Segmentation
– North America (U.S. and Canada)
– Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
– Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
– Latin America (Brazil and Rest of Latin America)
– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
Research Methodology
- Market estimate for 2020
- Average selling price (ASP) per region for specific product type
- Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
- Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
- National government documents, statistical databases
- News articles, press releases, and webcasts specific to companies operating in the market
- Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
- Determination of market penetration by country
Most Asked Questions –
What was the market size value of the metal fiber in 2020?
What is the expected market size by 2027?
What is the metal fiber market growth?
What are the key factors that positively influence market growth?
Who are the prominent players in the metal fiber market?
Why Buy this Report?
The purpose of Precedence Research’s metal fiber market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.
TABLE OF CONTENT
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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