The global metal fiber market was valued at $4.5 billion in 2019, and is projected to reach $5.7 billion by 2027, growing at a CAGR of 4.2% from 2020 to 2027. Metal fiber is manufactured using metallic alloys and pure metals, which can be processed into porous media, textile products, and others. It has properties such as corrosion resistance, excellent mechanical strength, thermal resistance, high permeability, conductivity, flexibility, and others.

There is a significant increase in demand for metal fiber in various applications of construction sector such as industrial flooring, tunnel construction, highway pavement, and others. This is attributed to its properties such as high mechanical strength, corrosion resistance, and others. However, less demand for automobiles prior to COVID-19 outbreak and the volatility in the price of the raw materials is expected to hinder the market growth. In addition, decreased consumer spending owing to outbreak COVID-19 has hindered the textiles sector, which consequently decreased the demand for metal fiber. On the contrary, increase in participation of developing countries in the aerospace sector is expected to boost the growth of the metal fiber market during the forecast period.

The market is segmented on the basis of type, end-use industry, and region. By type, it is classified into steel, copper, nickel, aluminum, others. Depending on the end-use industry the market is divided into automotive, textile, aerospace, construction, power & electronics, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS

  •  The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the market from 2020 to 2027to determine the prevailing opportunities.
  •  The study provides a comprehensive analysis of the factors that drive and restrict the growth of the Metal fiber market.
  •  Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  •  Profiles of leading players operating in the metal fiber market are provided to understand the competitive scenario.
  •  The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable growth.


KEY MARKET SEGMENTS

By Type

  • Steel
  • Copper
  • Nickel
  • Aluminum
  • Others



By End-use Industry

  • Automotive
  • Textile
  • Aerospace
  • Construction
  • Power & Electronics
  • Others



By Region

  • North America
  • ·U.S.
  • ·Canada
  • ·Mexico
  • Europe
  • ·Germany
  • ·France
  • ·Italy
  • ·Spain
  • ·UK
  • ·Rest of Europe
  • Asia-Pacific
  • ·China
  • ·Japan
  • ·India
  • ·Australia
  • ·South Korea
  • ·Rest of Asia-Pacific

  • LAMEA
  • ·Brazil
  • ·Saudi Arabia
  • ·South Africa
  • ·Rest of LAMEA



Key Market Players

  • Arcelor Mittal
  • Addas Group
  • Bekaert S.A
  • Kosteel Co. Ltd.
  • Yutian Zhitai Steel Fiber Manufacturing Co., Ltd
  • Nippon Seisen Co., Ltd
  • Fibrezone India
  • Stanford Advanced Materials
  • Sarda Industrial Enterprises
  • Green Steel Group


The other players in the value chain include Freudenberg Group, Fibre Technology Ltd, Sarda Industrial Enterprises, Carlisle Companies Inc., Guven Metal, Boean Metal Products, Sunny Metal, Remix Steel Fiber, and Hollingsworth & Vose Company.