Global Metal Fiber Market Report and Forecast 2024-2032

Global Metal Fiber Market Outlook

The global metal fiber market size reached a value of approximately USD 5.08 billion in 2023. The market is expected to grow at a CAGR of 4.30% between 2024 and 2032, reaching a value of USD 7.42 billion by 2032.

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Key Trends in the Market

Metal fibers are manufactured thin fibers that are composed of metals, metal alloys, metal-coated plastic, plastic-coated metal, or a core completely covered by metal. They have qualities including great strength, superior heat resistance, and electrical conductivity. Due to their benefits, such as corrosion resistance, high porosity for low-pressure drops, and flexibility for custom-made tiny items, metal fibers are widely used in filtration applications. 

• The rising demand for steel fibers from the construction sector is a major reason for the development of the metal fiber market. Steel fibers are commonly used due to their improved qualities over regular concrete, such as greater tensile strength, increased strain capacity, more capacity to absorb energy, and greater toughness.

• The market demand fibers is anticipated to soar throughout the forecast period due to an increased emphasis on manufacturing light vehicles. In automotives, metal fibers have applications such as particulate filtration and in automotive glass bending as a heat-resistant material.

• Metal fibers are employed by manufacturers in a variety of end-use sectors to reduce the weight and increase the strength of the materials used in the construction of cars and aircraft. This propels the utilisation of metal fibers which will in turn grow the value of the metal fiber market.

• The demand for metallic fibers is increasing due to properties including chemical resistance, corrosion resistance, and high tensile strength, and this trend is anticipated to continue during the projected period. The market expansion in several end-use industries is facilitated by the usage of metal fibers for insulation and filtration.

Global Metal Fiber Market Analysis

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Based on product, the market is segmented into steel, nickel, copper, and aluminium, among others. On the basis of technology, the market is categorised into bundle drawing, foil shaving, machining, and melt spinning. Based on application the market for metal fiber is divided into ESD/EMI protection, filtration, hot glass manipulation, and electrical cables, among others. By end-use, the market is categorised into automotive, textile, aerospace, construction, and power and electronics, among others. The regional markets for metal fiber are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. 

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global metal fiber market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans. 

• NV Bekaert SA

• IntraMicron, Inc

• Nikko Techno, Ltd.

• Green Steel Group S.r.l.

• Fibrometals SRL

• Nippon Seisen Co., Ltd.

• Addas Group

• Others

Global Share by End-Use

In the automotive sector, metal fibers are widely utilised in several components, such as chassis, body parts, and seats, which are propelling the market segment and accounting for a significant share of the global market. Leading automakers and manufacturers are investing in research and development activities in order to develop cutting-edge and lightweight materials for cars. Metal fibers due to their versatility, high strength, and lightweight are increasingly being incorporated into the manufacturing of various vehicles. Additionally, various governments are encouraging automakers to prioritise mass reduction for automobiles, which can be aided by the incorporation of metal fibers, and in turn raise the value of the market.

Market Share by Region

The Asia Pacific region currently dominates the global metal fiber market and is anticipated to have the quickest growth throughout the forecast period. The market's dominance is a result of the quick expansion of many consumer sectors, including textile, automobile, aerospace, and construction. The large manufacturing base in countries such as China are increasing the usage of metal fibers, thereby expanding the market potential. China is a sizable contributor to the metal fiber market due to the presence of key players and substantial customer base. India is also anticipated to have strong demand for metal fibers from textile, construction, and automotive end-use sectors.

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Competitive Landscape

NV Bekaert SA is a global leader in the manufacturing and technology of steel wire transformation and coatings. The company was founded in 1880 and is headquartered in Zwevegem, Belgium, with operations in 45 countries. Their steel wires and coating technologies are utilised in multiple sectors such as automotive, construction, agriculture, energy and utilities, and basic materials, among others.

IntraMicron, Inc is a key manufacturing company that has been operating in the field since 2001. The company's headquarter is located in Alabama, United States and has been serving various sectors including aerospace, chemicals, defence, and energy. The company’s expertise lies in fine metal fiber manufacturing, process intensification, thermal management, and microfibrous materials, among others. 

Green Steel Group S.r.l. is one of the leading manufacturers of metal fibers and wool in the world. With headquarters in Oggiono, Italy, the company started producing steel wool for household products since it was established in 1944. Now, the company has a diverse product portfolio including a wide range of metal fibers, several kinds of wool, and various steel wires. The different metal fibers of the company include steel fibers, copper, zinc, stainless steel, bronze, aluminium, and brass.

Other market players include Nikko Techno, Ltd., Fibrometals SRL, Nippon Seisen Co., Ltd., and Addas Group, among others.

Key Highlights of the Report