The Metal Fiber Market is set to grow significantly by 2026, driven by automotive and electronics applications, with a focus on thermal properties.
According to the latest report by IMARC Group, titled, “Metal Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“,The global metal fiber market size of US$ XX Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026.
Report Metric
Historical: 2015-2020
Base Year: 2020
Forecast Year: 2021-2026
Metal fibers are thin filaments composed of pure metals, alloys, or metalloids. They are characterized by high-temperature resistance, thermal regulation, and antistatic properties. They are widely used for multiple applications, such as household furnishings, carpet decorations, woven and knitted fabrics, antibacterial textiles and filtration.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Metal Fiber Market Trends:
The global market is primarily driven by the rising product utilization across the automotive sector. Metal fibers find extensive applications in lightweight vehicles due to their excellent thermal properties. This, in confluence with increasing government initiatives to enhancethe fuel efficiency of vehicles, has propelled the market growth. Besides this, since fabrics made from metal fibers display excellent compressibility, they are extensively being utilized in the production of bags, carpets, and garments, across the globe, thereby providing an impetus to the market growth. Some of the other factors contributing to the market growth include the escalating product demand from the consumer electronics sector and extensive research and development (R&D) activities.
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Metal Fiber Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Addas Group, ArcelorMittal S.A., BinNova GmbH & Co KG, Fibrometals SRL, Green Steel Group, Guven Metal, IntraMicron Inc., MBC Metal Limited, N.V. Bekaert S.A., Nikko Techno Ltd., Nippon Seisen Co. Ltd and Stanford Advanced Materials.
The report has segmented the market on the basis on type, technology and end use industry.
Breakup by Type:
Breakup by Technology:
Breakup by End Use Industry:
Breakup by Region:
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Key highlights of the report:
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The article discusses the Metal Fiber Market trends, growth, and forecast from 2021 to 2026.
The market growth is driven by demand in the automotive sector and government initiatives for fuel efficiency.
Metal fibers are used in automotive, textiles, and electronics for their thermal and antistatic properties.
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