Metal Fibre Market Report is segmented by material type into nickel, copper, aluminum, gold, silver, bronze and others; by fibre coating into vacuum deposition, sputter coating, electro less coating and coating metal powder with binders; by end-user industries and textile, construction, automotive, electrical and others and by regions. Metal Fibre Market is anticipated to mask a CAGR of 4.3% during the forecast period i.e. 2018-2027.
Currently the global metal fibre market is observing vibrant growth owing to increasing demand of luxury carpets and textiles in the market. Advances in aerospace and aviation industry in the past few years and growing space explorations are projected to drive metal fibre market besides the wide range of functions of metal fibre in an immense range of products such as luxury carpets, military armors, airframe structures and electronic communications during the forecast period.
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As a precursor to luxury decorating in textile industry, North America is panned to observe substantial metal fibre market growth due to rising metal fibre usage. North America is predicted to be followed by Europe in terms of consumption due to expanding metal fibre requirements in aerospace and military usage. Asia Pacific is expected to drive demand and positively impact metal fibre market growth over the forecast period owing to increasing metal fibre application in textile industries on account of rising demand for luxury ethnic carpets across the region.
Growing End-User Industry Applications
The increasing applications of metal fibres in automotive industry along with electronic communication industry, the metallic fibres market is anticipated to drive at a decent rate during the forecast period. Factors such as lightweight and strong tensile strength of these materials have resulted in an increased demand for metal fibres in aviation, automotive and arms industry in the recent past. Additionally, the good insulation properties of metal fibers call up for increased demand in electronic communication line paving as well.
Major players include in the global Metal Fibre market:
- E. I. du Pont de Nemours and Company,
- BASF SE,
- Huntsman International LLC,
- HYOSUNG,
- Celanese Corporation,
- PPG Industries Ohio, Inc.,
- Ahlstrom Corporation,
- IntraMicron, Inc.,
- PPG Industries Ohio Inc.
- Fibrometals.
Increasing Demand for Luxury Textiles
The rising demand for metal fibre in textile industries for luxury clothing and home interior decorations on account of rising disposable income of populations in developed as well as developing countries is estimated to increase the growth rate of metal fibers market over the forecast period.
However, low stability of raw material costs and supply for metal fibres manufacturing is anticipated to restrain the metal fibres market during the forecast period.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global metal Fibre market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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