Global Metal Fiber Market to Reach USD 7.2 Billion by 2033, Impelled byRising Product Demand Across Textile Industry

December 19, 2024 | Chemical & Materials

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According to the latest report by IMARC Group, titled "Metal Fiber Market Report by Type (Steel, Copper, Nickel, Aluminium, and Others), Technology (Bundle Drawing, Foil Shaving, Machining, Melt Spinning), End Use Industry (Automotive, Textile, Aerospace, Construction, Power and Electronics, and Others), and Region 2025-2033," the global metal fiber market reached a value of USD 5.3 Billion in 2024. Metal fiber refers to a thin filament that is generally manufactured using several fibers, such as metallic alloys, plastic-coated metal and pure metals, via thermal and mechanical processes. It is widely used in the production of textile products, plastic-coated metals and porous media. Additionally, it is also utilized in air and liquid filter applications due to its high chemical and heat resistance properties. Some of the common product variants available in the market include sintered, short and polymer pallets metal fibers. They are extensively used for multiple industrial applications owing to their excellent flexibility, ductility, permeability and mechanical strength.

Global Metal Fiber Market Trends:

The global market is primarily driven by the rising product demand in the textile industry. This is supported by the increasing adoption of synthetic materials for weaving and embroideringfabrics. In line with this, the shifting consumer preference for lightweight materials is significantly impacting the market. Coupled with the widespread utilization of metal fibers in the manufacturing of vehicles for reducing the overall weight of an automobile and enhancingfuel efficiency as an initiative for minimizing carbon emission, this is providing an impetus to the market growth. Moreover, the escalating adoption of metal fibers for the fabrication of circuit boards equipped in computers and mobiles is acting as another growth-inducing factor. Additionally, the growing utilization of the product for reducing wear on engine components and removing contaminants in lube and fuel oil across the marine industry ispositively influencing the market. Other factors, including increasing investments by leading manufacturers for expanding their manufacturing facilities and extensive research and development (R&D) activities conducted by key players, are further propelling the product demand. Looking forward, the market value is projected to reach USD 7.2 Billion by 2033, expanding at a CAGR of 3.32% during 2025-2033.

Market Summary:

On the basis of the type, the market has been segmented into steel, copper, nickel, aluminium and others.
Based on the technology, the market has been segregated into bundle drawing, foil shaving, machining and melt spinning.
On the basis of the end-use industry, the market has been categorized into automotive, textile, aerospace, construction, power and electronics and others.
Based on the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include 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.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Type, Technology, End Use Industry, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Metal Fiber Market to Reach USD 7.2 Billion by 2033, Impelled byRising Product Demand Across Textile Industry

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