Global Metal Fiber Market by End-use Industry (Automotive, Aerospace & Defense), by Product (Nickel, Copper, Steel, Aluminum) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global metal fiber market was valued at USD 4.76 Billion in 2019. It is expected to increase at a compound annual rate (CAGR), of 4.9% between 2020 and 2027. The market is expected to grow due to increased demand from various industries such as aerospace, defense and automotive. Industry growth will be influenced by an increase in automotive product use. Metal fibers are in high demand due to rising demand for lightweight vehicles and stringent government regulations that increase fuel efficiency by reducing vehicle weight. Due to the rapid growth of the applications industries, the US market is expected to experience significant growth. There was a strong presence in the market and a significant demand for aluminum and steel fibers. The market is experiencing a rise in demand from end-use industries like aerospace, defense, and electronics.

Numerous regulations about the weight and strength requirements of materials used in aircraft and vehicle manufacturing force manufacturers to use metal fibers in different end-use industries. Market growth is triggered by the use of metal fibers to make textiles for antistatic fibers, electronic industries for weaving, and circuit boards that are used in mobiles, computers and other devices.

Metal fibers have many desirable characteristics, including high tensile strength, corrosion resistance and chemical resistance. This trend is expected to continue for the forecast period. Metal fibers are used for insulation and filtration, which facilitates market growth in many end-use industries.

The market may slow down due to high manufacturing and maintenance costs, inflexibility, and lack of substitutes such as or carbon fibers, over the next few years. The global demand for metal fibres will be affected by the increased competition between the major manufacturers for product advancement in the aviation and automotive industries.

Product Insights

Steel fiber dominated the market, accounting for 33.4% of global revenue in 2019. The key drivers of segment growth are steel fiber's increasing non-structural uses and its ability to increase resistance and strength. Aluminum is also expected to see significant growth during this period. Metal fibers are in high demand because of the use of aluminum and steel in aerospace and automotive industries for chassis, body, beams and other parts.

Steel fibre is expected to lead the market. It will be followed by aluminum fiber with a substantial share. The market is expected to grow at a significant CAGR over the forecast period. Over the forecast period, the aluminum fiber segment will grow at a 5.1% CAGR.

Silver, bronze, as well as titanium are all products that are being considered for the market. These metals will see significant growth over time. Segment growth is supported by the textile industry and fashion trends. To enhance the fabric's quality and appearance, silver fibers are used extensively in fashion. Segment growth is being driven by the positive characteristics of copper, bronze and titanium, such as conductivity, mass reduction, and durability.

End-use Industry Insights

Due to its use in a variety of applications including chassis and body parts and seats, the automotive industry dominated the market. It accounted for over 25.0% of global revenue in 2019. Major auto manufacturers invest heavily in research and development to find lightweight and advanced materials for their vehicles. The government also required auto-manufacturers and suppliers to reduce the vehicle's mass. This creates demand for metal fibers.

In 2019, the aerospace and defense industries accounted for the second largest share. The aerospace and defense industries had the second-largest share in 2019. The metallic fibers are used extensively in products such as bags, clothing, footwear , gloves and other industrial solutions.

Home furnishing, construction, and industrial solutions are just a few of the other applications. ESD, EMI protection, filtration and engineered fiber are just a few of the industrial solutions.

Regional Insights

Due to the significant demand from China and India, Asia Pacific dominated this market, accounting for 31.64% of global revenue in 2019. India will also see significant demand from the textile and automotive industries. N.V. Bekaert S.A. and other multinationals have expanded their manufacturing capabilities in developing countries. This will favor the market growth of the Asia Pacific metal fibres market during the forecast period.

The automotive industry dominates Europe's product demand and it is expected to remain so for the forecast period. North America's market generated USD 1118.01 millions in 2019. It is expected to continue growing at a substantial rate during the forecast period. This can be attributed in part to an increase in lightweight fiber demand. The market is growing due to favorable market conditions, government policies and increased demand for metallic fibres.

Due to the rising demand from textile, power, electronics and chemical industries, South America's metal fibers market is expected to experience significant growth.

Market Share Insights & Key Companies

Companies tend to sell their products and increase demand through innovation, strong R&D facility acquisition and investment. Major companies are active in product manufacturing, trading, distribution, marketing and strategy. This market has a large consumer base, with many companies operating through dedicated distribution channels. The market for metal fibers is dominated by the following:

• N.V. Bekaert S.A

• Fibrometals SRL

• Green Steel Group

• PPG Industries Ohio Inc.

• Nippon Seisen Co., Ltd

• MBC Metal Limited

• Stanford Advanced Materials

• IntraMicron, Inc.

• Fiberguide Industries Limited

• Addas Group

• Guven Metal

• BinNova Metal Fiber Technology GmbH

Up Market Research published a new report titled “Metal Fiber Market research report which is segmented by End-use Industry (Automotive, Aerospace & Defense), by Product (Nickel, Copper, Steel, Aluminum), By Players/Companies Guven Metal, IntraMicron Inc, Green Steel Group, MBC Metal Limited, Stanford Advanced Materials, Fiberguide Industries Limited, Addas Group, Nippon Seisen Co Ltd, NV Bekaert SA, BinNova Metal Fiber Technology GmbH, Fibrometals SRL, PPG Industries Ohio Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Metal Fiber Market Report Segments:

The market is segmented by End-use Industry (Automotive, Aerospace & Defense), by Product (Nickel, Copper, Steel, Aluminum).

Metal Fiber Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Metal Fiber Market

Overview of the regional outlook of the Metal Fiber Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Metal Fiber Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Metal Fiber Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Automotive

                2. Aerospace & Defense

                1. Nickel

                2. Copper

                3. Steel

                4. Aluminum

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Metal Fiber Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
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Reasons to Purchase the Metal Fiber Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.