by Precedence Research a new report on metal fiber Market size, share, growth, industry trends, and forecast 2027, covering various industry elements and growth trends helpful for predicting the market’s future. The global metal fiber market size was valued at US$ 4.82 billion in 2019. The global metal fiber market is projected to reach US$ 7.01 billion by 2027, registering a compound annual growth rate (CAGR) of 4.8% during the forecast period from 2020 to 2027.
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Table of Contents
Metal Fiber Market 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.
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.
Metal Fiber Market Report Scope
| Report Highlights | Details |
| Market Size | USD 7.01 Billion by 2027 |
| Growth Rate | CAGR of 4.8% from 2021 to 2027 |
| Largest Market | Asia Pacific |
| Fastest Growing Market | North America |
| Base Year | 2021 |
| Forecast Period | 2021 to 2027 |
| Segments Covered | Product, End User, Region |
The global metal fiber market report offers various segments analysis by size, trends, growth factors, opportunities, and key country outlook to 2027. The report offers a detailed analysis and information as per metal fiber, and market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.
The company profiling of leading market players has included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits, and the overall revenue generated by the key players of the Market.
metal fiber Market 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
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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
Metal Fiber market Segmentation
By Product
- Nickel
- Steel
- Aluminum
- Copper
- Others
By End-use Industry
- Power & Electronics
- Automotive
- Chemical & Materials
- Textile
- Aerospace & Defense
- Others
Regional Segmentation
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
Key Questions are
- What are the key factors influencing the metal fiber market in each region?
- How much value will the global market generate by the end of the forecast period?
- What will be the CAGR of the global market between 2021 and 2027?
- What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
- What is the future scope and current trends in technologies of the global market?
- What is the revenue of the global market based on segments?
- Which key strategies are used by top players of the global market?
- Which are the leading companies in the global market?
- What are the essential strategies by key stakeholders in the market to expand their geographic presence?
- What are the major advancements witnessed in the global market?
Research Objectives and Research Approach
The comprehensive report on the global metal fiber market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global metal fiber market.
It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.
For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.
The report analyzes the global metal fiber market in terms of type, application, region and others. Key segments under each criteria are studied at length, and the market share for each of these at the end of 2027 has also been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global market.
Why should you invest in this report?
If you are aiming to enter the global metal fiber market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for metal fiber are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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