The global metal fiber market reached USD 5.31 billion in 2022 and is projected to hit USD 8.77 billion by 2032, with a CAGR of 5.2% from 2023 to 2032.
Metal fiber is also referred as synthetic fiber particularly in the textile industry, is basically a fiber containing either a metal, plastic coated metal, core covered by a metal, or a metal coated plastic. Metals such as silver, gold, and copper have been significantly used for embroidery and weaving during ancient times in many countries such as India, Persia, and Egypt. Apart from textile, these metal fibers have their wide range of application across numerous industries such as automotive, aerospace & defense, power, electronics, chemicals & materials, and many more. These metal fibers are also produced from their alloys such as stainless steel alloys, nichrome, copper, titanium, brass, nickel alloys, and many others.
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.
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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.
Regional Snapshots
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. The growth of the region is mainly attributed to the significant demand of metallic products from developing countries such as India, China, and South Korea. These nations witness an emerging growth in the textile, automotive, and various other industries that further propels the market growth in the region. Furthermore, several manufacturers are expanding their production facilities in the region that further anticipated to drives the market growth over the analysis timeframe.
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. Apart from this factor, rapid changing lifestyle along with their clothing greatly influences the market growth for metal fiber industry in the regions.
Report Scope of the Metal Fiber Market
| Report Highlights | Details |
| Market Size in 2023 | USD 5.56 Billion |
| Market Size by 2032 | USD 8.77 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 5.2% |
| Largest Market | Asia Pacific |
| Fastest Growing Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | Product, End User, Region |
Report 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
Key Players & Strategies
The prominent market players in the metal fiber market face intense competition among them because of rapid investment in the Research & Development (R&D) activity to offer a differentiated product and grab major consumer base through the same on the global scale. These industry participants are also significantly adopting various inorganic growth strategies such as merger & acquisition, partnership, collaboration, and regional expansion to gain competitive advantage in the global market.
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Some of the prominent 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
Segments Covered in the Report
By Product
- Nickel
- Steel
- Aluminum
- Copper
- Others
By End-use Industry
- Power & Electronics
- Automotive
- Chemical & Materials
- Textile
- Aerospace & Defense
- Others
By Regional Outlook
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of the World
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Metal Fiber Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Metal Fiber Market
5.1. Covid-19: Metal Fiber Industry Impact
5.2. Metal Fiber Business Impact Assessment: Covid-19
5.2.1. Supply Chain Challenges/Disruption
5.2.2. Market Trends and Metal Fiber Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Metal Fiber Manufacturers to deal with Covid-19 Pandemic Scenario
Chapter 6. Metal Fiber Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Increase in Demand for Metal Fiber across Various Industries
6.1.2. Market Restraints
6.1.2.1. High Cost of Manufacturing and Maintenance
6.1.3. Market Opportunities
6.1.3.1. High Demand for Light Weight Vehicles
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Global Metal Fiber Market: Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Metal Fiber Market Revenue by Manufacturer
7.1.1.2. Metal Fiber Market Revenue Market Share by Manufacturer
7.1.1.3. Metal Fiber Market Production by Manufacturer
7.1.1.4. Metal Fiber Market Production Market Share by Manufacturer
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Capacity Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Manufacturers Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Metal Fiber Market, By Product
8.1. Metal Fiber Market, by Product, 2023-2032
8.1.1. Nickel
8.1.1.1. Market Revenue and Forecast (2021-2032)
8.1.1.2. Market Production and Forecast (2021-2032)
8.1.2. Steel
8.1.2.1. Market Revenue and Forecast (2021-2032)
8.1.2.2. Market Production and Forecast (2021-2032)
8.1.3. Aluminum
8.1.3.1. Market Revenue and Forecast (2021-2032)
8.1.3.2. Market Production and Forecast (2021-2032)
8.1.4. Copper
8.1.4.1. Market Revenue and Forecast (2021-2032)
8.1.4.2. Market Production and Forecast (2021-2032)
8.1.5. Others
8.1.5.1. Market Revenue and Forecast (2021-2032)
8.1.5.2. Market Production and Forecast (2021-2032)
Chapter 9. Global Metal Fiber Market, By End-use Industry
9.1. Metal Fiber Market, by End-use Industry, 2023-2032
9.1.1. Power & Electronics
9.1.1.1. Market Revenue and Forecast (2021-2032)
9.1.1.2. Market Consumption and Forecast (2021-2032)
9.1.2. Automotive
9.1.2.1. Market Revenue and Forecast (2021-2032)
9.1.2.2. Market Consumption and Forecast (2021-2032)
9.1.3. Chemical & Materials
9.1.3.1. Market Revenue and Forecast (2021-2032)
9.1.3.2. Market Consumption and Forecast (2021-2032)
9.1.4. Textile
9.1.4.1. Market Revenue and Forecast (2021-2032)
9.1.4.2. Market Consumption and Forecast (2021-2032)
9.1.5. Aerospace & Defense
9.1.5.1. Market Revenue and Forecast (2021-2032)
9.1.5.2. Market Consumption and Forecast (2021-2032)
9.1.6. Others
9.1.6.1. Market Revenue and Forecast (2021-2032)
9.1.6.2. Market Consumption and Forecast (2021-2032)
Chapter 10. Global Metal Fiber Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Production Forecast by Product (2021-2032)
10.1.2. Market Revenue and Consumption Forecast by Application (2021-2032)
10.1.3. U.S
10.1.3.1. Market Revenue and Production Forecast (2021-2032)
10.1.3.2. Market Revenue and Consumption Forecast (2021-2032)
10.1.4. Canada
10.1.4.1. Market Revenue and Production Forecast (2021-2032)
10.1.4.2. Market Revenue and Consumption Forecast (2021-2032)
10.2. Europe
10.2.1. Market Revenue and Production Forecast by Product (2021-2032)
10.2.2. Market Revenue and Consumption Forecast by Application (2021-2032)
10.2.3. UK
10.2.3.1. Market Revenue and Production Forecast (2021-2032)
10.2.3.2. Market Revenue and Consumption Forecast (2021-2032)
10.2.4. Germany
10.2.4.1. Market Revenue and Production Forecast (2021-2032)
10.2.4.2. Market Revenue and Consumption Forecast (2021-2032)
10.2.5. France
10.2.5.1. Market Revenue and Production Forecast (2021-2032)
10.2.5.2. Market Revenue and Consumption Forecast (2021-2032)
10.2.6. Rest of EU
10.2.6.1. Market Revenue and Production Forecast (2021-2032)
10.2.6.2. Market Revenue and Consumption Forecast (2021-2032)
10.3. Asia Pacific (APAC)
10.3.1. Market Revenue and Production Forecast by Product (2021-2032)
10.3.2. Market Revenue and Consumption Forecast by Application (2021-2032)
10.3.3. China
10.3.3.1. Market Revenue and Production Forecast (2021-2032)
10.3.3.2. Market Revenue and Consumption Forecast (2021-2032)
10.3.4. India
10.3.4.1. Market Revenue and Production Forecast (2021-2032)
10.3.4.2. Market Revenue and Consumption Forecast (2021-2032)
10.3.5. Japan
10.3.5.1. Market Revenue and Production Forecast (2021-2032)
10.3.5.2. Market Revenue and Consumption Forecast (2021-2032)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Production Forecast (2021-2032)
10.3.6.2. Market Revenue and Consumption Forecast (2021-2032)
10.4. LATAM
10.4.1. Market Revenue and Production Forecast by Product (2021-2032)
10.4.2. Market Revenue and Consumption Forecast by Application (2021-2032)
10.4.3. Brazil
10.4.3.1. Market Revenue and Production Forecast (2021-2032)
10.4.3.2. Market Revenue and Consumption Forecast (2021-2032)
10.4.4. Rest of LATAM
10.4.4.1. Market Revenue and Production Forecast (2021-2032)
10.4.4.2. Market Revenue and Consumption Forecast (2021-2032)
10.5. Middle East and Africa (MEA)
10.5.1. Market Revenue and Production Forecast by Product (2021-2032)
10.5.2. Market Revenue and Consumption Forecast by Application (2021-2032)
10.5.3. GCC
10.5.3.1. Market Revenue and Production Forecast (2021-2032)
10.5.3.2. Market Revenue and Consumption Forecast (2021-2032)
10.5.4. North Africa
10.5.4.1. Market Revenue and Production Forecast (2021-2032)
10.5.4.2. Market Revenue and Consumption Forecast (2021-2032)
10.5.5. South Africa
10.5.5.1. Market Revenue and Production Forecast (2021-2032)
10.5.5.2. Market Revenue and Consumption Forecast (2021-2032)
10.5.6. Rest of MEA
10.5.6.1. Market Revenue and Production Forecast (2021-2032)
10.5.6.2. Market Revenue and Consumption Forecast (2021-2032)
Chapter 11. Company Profiles
11.1. IntraMicron, Inc.
11.1.1. Company Overview, Business Information, Regional Presence
11.1.2. Product Portfolio Analysis
11.1.2.1. Product Details, Specification, Application
11.1.3. Revenue, Production Capacity, Price, and Gross Margin
11.1.4. Recent Developments and Strategies
11.2. N.V. Bekaert S.A.
11.2.1. Company Overview, Business Information, Regional Presence
11.2.2. Product Portfolio Analysis
11.2.2.1. Product Details, Specification, Application
11.2.3. Revenue, Production Capacity, Price, and Gross Margin
11.2.4. Recent Developments and Strategies
11.3. PPG Industries Ohio Inc.
11.3.1. Company Overview, Business Information, Regional Presence
11.3.2. Product Portfolio Analysis
11.3.2.1. Product Details, Specification, Application
11.3.3. Revenue, Production Capacity, Price, and Gross Margin
11.3.4. Recent Developments and Strategies
11.4. Fiberguide Industries Limited
11.4.1. Company Overview, Business Information, Regional Presence
11.4.2. Product Portfolio Analysis
11.4.2.1. Product Details, Specification, Application
11.4.3. Revenue, Production Capacity, Price, and Gross Margin
11.4.4. Recent Developments and Strategies
11.5. Fibrometals SRL
11.5.1. Company Overview, Business Information, Regional Presence
11.5.2. Product Portfolio Analysis
11.5.2.1. Product Details, Specification, Application
11.5.3. Revenue, Production Capacity, Price, and Gross Margin
11.5.4. Recent Developments and Strategies
11.6. Green Steel Group
11.6.1. Company Overview, Business Information, Regional Presence
11.6.2. Product Portfolio Analysis
11.6.2.1. Product Details, Specification, Application
11.6.3. Revenue, Production Capacity, Price, and Gross Margin
11.6.4. Recent Developments and Strategies
11.7. MBC Metal Limited
11.7.1. Company Overview, Business Information, Regional Presence
11.7.2. Product Portfolio Analysis
11.7.2.1. Product Details, Specification, Application
11.7.3. Revenue, Production Capacity, Price, and Gross Margin
11.7.4. Recent Developments and Strategies
11.8. Nippon Seisen Co., Ltd
11.8.1. Company Overview, Business Information, Regional Presence
11.8.2. Product Portfolio Analysis
11.8.2.1. Product Details, Specification, Application
11.8.3. Revenue, Production Capacity, Price, and Gross Margin
11.8.4. Recent Developments and Strategies
11.9. Stanford Advanced Materials
11.9.1. Company Overview, Business Information, Regional Presence
11.9.2. Product Portfolio Analysis
11.9.2.1. Product Details, Specification, Application
11.9.3. Revenue, Production Capacity, Price, and Gross Margin
11.9.4. Recent Developments and Strategies
11.10. Addas Group
11.10.1. Company Overview, Business Information, Regional Presence
11.10.2. Product Portfolio Analysis
11.10.2.1. Product Details, Specification, Application
11.10.3. Revenue, Production Capacity, Price, and Gross Margin
11.10.4. Recent Developments and Strategies
Chapter 12. Appendix
12.1. About Us
12.2. Glossary of Terms
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