Global Metal Fibers Market: Overview
Metal fibers are made of metal or plastic coated with metal or metal-coated with plastic. Demand for materials with better corrosion resistance, enhanced durability, and cost-effective has created a huge demand for metal fibers in the market. Metal fibers can be warped with other fibers such as wool fibers, cotton fibers, nylon, and synthetic fibers which make the end product attractive. Metal fibers are used for both decorative and functional purposes. They are used in a wide variety of applications, such as for the production of fiber metal alloys for filter elements, manufacture of hybrid composites, airframe structure, automobile body, and electrical insulation.
Global Metal Fibers Market: Segmentation
The global metal fibers market is segmented into its fiber coating method, application, end-users, and geography. On the basis of fiber coating method, the market is divided into the electroless coating, sputter coating, coating metal powder with binders, and vacuum deposition. Based on application, the market is segregated into airframe structure, military armor, fiber metal alloy, space suits, automotive textiles, cut resistant garments, and decorative and interior items such as sofa covers and carpets. On the basis of end-users, the market is categorized into the aviation industry, home furnishing industry, arms industry, electrical industry, aerospace industry, and textile industry. Based on geography, the market is diversified into Latin America, Europe, North America, Asia-Pacific, and the Middle East and Africa.
Global Metal Fibers Market: Growth Factors
Metal fibers are lightweight and high strength materials. These features make them an ideal product to be used in the aerospace, aviation, automotive, and arms industry which will create a huge demand in the metal fibers market. Also, demand will be escalated in the electrical industries and textile industry due to the insulation abilities and perfect finish of the metal fibers. However, high prices of the raw materials and volatility in the product prices may cause a hindrance in the metal fibers market in the long run.
Global Metal Fibers Market: Regional Analysis
Asia Pacific dominates the metal fibers market across the globe. Growth can be attributed to the presence of a large number of manufacturers in China and the rapid growth witnessed in the end-user industries such as aerospace, automotive, and electrical and electronics industry. Countries such as India, Australia, Japan, and New Zealand are also contributing a significant share to the market growth. Following Asia Pacific in its growth is Europe and North America. Rising demand for metal fibers from the aerospace and automotive as well as military equipment end-user industries are some of the driving factors that are contributing towards market growth in both these regions. Latin America and the Middle East and Africa will also be contributing a considerable market share in the coming years mainly due to the developing economic conditions in these regions.
Global Metal Fibers Market: Competitive Players
Some of the prominent players in the metal fibers market include E. I. du Pont de Nemours and Company, Huntsman International LLC, BASF SE, Celanese Corporation, HYOSUNG, Ahlstrom Corporation, and PPG Industries Ohio Inc.
Global Metal Fibers Market: Regional Segment Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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- Full in-depth analysis of the parent market
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- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
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- Emerging segments and regional markets
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