Metal Fiber Market: Global Industry Analysis and Forecast (2023-2029)

Metal Fiber Market was valued nearly US$ 7.23 Bn. in 2022. Metal Fiber Market size is estimated to grow at a CAGR of 4.8 % & is expected to reach at US$ 10.04 Bn. by 2029.
Metal Fiber Market Overview:
The report on the Metal Fiber market is a thorough examination of the industry, Metal Fiber market, & key players. The demand & supply sides of the market were segmented in the study report. The Global Metal Fiber research also includes a competitive landscape & trends by market segments, technology, and investment.

Metal fibers’ advantageous properties like high porosity, durability, & cleanability, contribute significantly to the filtration segment, and their lightweight, high thermal & corrosion resistance, and good electric conductivity are used in a variety of industries, which drives the metal fibre market size.To know about the Research Methodology :- Request Free Sample Report
Metal Fibers Market Dynamics:
Metal fibre market is driven by rising product demand from the electrical & electronics sector & the textile industry. High tensile strength & light weight make metal fibre a suitable product for usage in the aerospace, automotive, aviation, & armaments industries, which is expected to drive metal fibre market demand throughout the forecast period.

Some restrictions governing the weight & strength of materials used in the manufacture of vehicles compel end-users to use metal fibre for various end-use sectors, propelling the market forward. Other factors driving market expansion include product applications in textiles for antistatic fibres & electronic industries for weaving, as well as circuit boards used in mobile phones and computers. Furthermore, properties like as chemical resistance, corrosion resistance, and high tensile strength supplied by the product are helping to market expansion.

During the forecast period, high raw material prices & product price variations are expected to limit market growth. The market's growth is also hampered by a lack of stiffness & flexibility, as well as the availability of replacements such as carbon fibres. Furthermore, during the forecast period, manufacturers' competition for bettering products for various sectors is expected to generate profitable chances for market development.
Metal Fiber Market Segments Analysis:
The metal fibre market is segmented into four product categories: steel, nickel, copper, & aluminium. In terms of revenue, the steel fibre product segment led the market, accounting for about 33.4 % of total revenue in the year 2022. The capacity of non-structural applications to improve resistance & strength is a fundamental element driving industry expansion. Steel fibre is likely to lead the market, followed by aluminium fibre, which is expected to have a significant share & grow at a significant CAGR over the forecast period.

Automotive, aerospace & military, & other end-use industries make up the market. Due to a growth in product utilisation in different applications like chassis, body parts, & seats, the automotive end-use industry maintained the greatest market share of more than 25.0 % in terms of revenue in the year 2022. End users spend a lot of money on R&D to choose innovative & lightweight materials for their cars.

Automotive Industry:

Automobile sales were dropped to slightly about 70 Mn units in the year 2021, down from nearly 80 Mn units in the year 2022. Commercial vehicles & passenger cars are the two most important sectors of the auto industry. China is one of the world's largest auto marketplaces, both in terms of sales & production. In the year 2022, China's car sales fell for the first time; the market crashed in February 2022, but quickly recovered.

By the end of 2030, the global automotive sector is expected to be worth slightly under USD 9 trillion. New car sales are expected to account for approximately 38% of this total. In terms of revenue, Volkswagen Group & Toyota Motor are the two largest automakers in the world. In the year 2022, the Japanese automaker made about 250 Bn dollars in revenue, while Volkswagen made slightly more than 245 Bn dollars. Tesla, situated in the U.S, has also had rapid growth in the year 2021, ranking as the brand with the highest brand value growth across all sectors. Electric vehicles, including battery electric and plug-in hybrid vehicles, have grown in popularity in recent years, with their use more than tripling between 2017 & 2022.
Metal Fiber Market Regional Overview:
The Metal Fiber Market is dominated by Asia Pacific:

In terms of revenue, APAC had the greatest market share, accounting for roughly 31.62 % in the year 2022, & is expected to increase at a CAGR of xx% over the forecast period. The presence of key manufacturers in emerging economies like India & China, as well as growing product use in numerous end-use industries such as automotive, aerospace, & electric industries, are credited with the region's supremacy. Economies like Japan, Australia, India, & New Zealand are helping the region's market growth. Furthermore, the growing demand for metal fibre in the aerospace and automotive industries is one of the primary drivers driving market expansion in Europe & North America.

The objective of the report is to present a comprehensive analysis of the Metal Fiber Market to the stakeholders in the industry. The past and current status of the industry with the forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players which include Market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Metal Fiber Market dynamics, structure by analyzing the Market segments and project the Metal Fiber Market size. Clear representation of competitive analysis of key players by Product, price, financial position, Product portfolio, growth strategies, and regional presence in the Metal Fiber Market make the report investor’s guide.
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Metal Fiber Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 7.23 Bn.


Forecast Period 2023 to 2029 CAGR:
4.8%
Market Size in 2029:
US $ 10.04 Bn.


 Segments Covered:
by Product
• Steel
• Nickel
• Copper
• Aluminum


by Industry
• Automotive
• Aerospace & Defense
• Others



Metal Fiber Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Metal Fiber Market Key Players
• N.V. Bekaert S.A
• Fibrometals SRL.
• PPG Industries Ohio Inc.
• IntraMicron, Inc.
• Fiberguide Industries Limited
• Addas Group
• Guven Metal
• BinNova Metal Fiber Technology GmbH
• Nippon Seisen Co., Ltd
• MBC Metal Limited
• Stanford Advanced Materials
• Green Steel Group
• Bekaert
• Hollingsworth & Vose Company
• Carlisle Companies Inc.
• Others

Frequently Asked Questions:

1. Which region has the largest share in Global Metal Fiber Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Metal Fiber Market?
Ans: The Global Metal Fiber Market is growing at a CAGR of 4.8% during forecasting period 2023-2029.

3. What is scope of the Global Metal Fiber Market report?
Ans: Global Metal Fiber Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Metal Fiber Market?
Ans: The important key players in the Global Metal Fiber Market are – N.V. Bekaert S.A, Fibrometals SRL., PPG Industries Ohio Inc., IntraMicron, Inc., Fiberguide Industries Limited, Addas Group, Guven Metal, BinNova Metal Fiber Technology GmbH, Nippon Seisen Co., Ltd, MBC Metal Limited, Stanford Advanced Materials, Green Steel Group, Bekaert, Hollingsworth & Vose Company, Carlisle Companies Inc., and Others

5. What is the study period of this Market?
Ans: The Global Metal Fiber Market is studied from 2022 to 2029.