Metal fibers are manufactured fibers that are also referred to as metallic thread or metallic fiber. It is composed of plastic-coated metal, metal, metal-coated plastic, or is covered entirely with metal. These fibers boast various properties and characteristics that widens its application and subsequently increases its demand. Metal fibers are able to resist to high temperature, abrasions, and is highly resistant to chemicals. In polymers, metal fibers help in minimizing the breakage and the deterioration of chemical and majorly reduces static electricity and heat. These fibers are used as a combination with other fibers in clothing, upholstery, and carpets.
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Market Research Future (MRFR) in its recent findings reveals that the global metal fibers market is expected to experience a desirable and healthy growth percentage of 7.9% during the forecast period between 2020 and 2027.
With metal fiber founding its application across various applications like glass manipulation, filtration, heating, ESD/EMI protection, or other specialties, the global market is expected to only be driven further. For example, EMI protection and coating metal fiber products are an essential part of everyday life as it is used for circuit boards and CPUs in laptops, computers, mobile phones, and tablets. The growing need to make the resistance high and to stretch the longevity of the product will only make the demand for the market to move towards a positive direction. The demand from end-user industries like automotive, plastic glass, textiles, and others is expected to ameliorate the overall market share growth percentage.
Market Segmentation
The global metal fiber market segmentation is based upon four key dynamics: application, types, region, and end-user.
By type, the market includes copper, gold, aluminum, nickel, silver, and others.
By application, the market segments into ESD/EMI protection, filtration, heating, hot glass manipulation, and other specialties.
By end-user, the market comprises plastic, glass, automotive, textiles, and others.
By region, the market includes North America, the Middle East Africa, Europe, Latin America, and Asia Pacific. The North American metal fibers market breaks down into Canada, Mexico, and the US. The European region comprises of Germany, Italy, France, and the UK. While, the Asia Pacific region for metal fibers market breaks down into China, India, Australia, and New Zealand.
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Regional Analysis
MRFR has conducted a thorough research of the global geographical scenario to grab a precise and effective understanding of the global metal fibers market.
The North American regional market holds the largest share in the global landscape of metal fibers. The region is expected to grow at a decent pace and contribute massively to the overall growth of the market. The growth and current positioning of the region can be attributed to the huge manufacturing industry present therein for the aerospace and defense industry.
However, at the same time, Asia Pacific is expected to be the fastest growing metal fiber market owing to the proliferating demand for the automotive and textile industries. The impressive demand of metal fibers across various applications like hot glass manipulation, ESD/EMI protection, filtration, heating, and other specialties drive the growth of the regional market. Additionally, the surging demand for plastic, textiles, automotive, glass, and other industries across emerging nations like India, China, Japan, and Indonesia also play a significant role in boosting the growth of the market demand herein.
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Competitive Landscape
The global metal fibers market comprises of various key players of utmost prominence as well as various emerging companies that are making their presence felt with their innovative bend-of-mind and strategical approach. Some of the companies identified in the market are Hollingsworth Vose Company (USA), Bekaert (Europe), Toho Tenax America, Inc. (USA), Dexmet Corporation (USA), Magnetic Shield Corporation (USA), Carlisle Companies Incorporated (US), Interstate Specialty Products (USA), and others.
March 1st, 2019, researchers of Fraunhofer announced the development of a variety of solutions for joining disparate materials. They displayed their latest technology at the Hannover Messe this year using an e-scooter demonstrator.
