Metal Fiber Market Outlook:
Metal Fiber Market size was valued at USD 5.75 billion in 2024 and is expected to reach USD 9.19 billion by 2034, expanding at around 4.8% CAGR during the forecast period i.e., between 2025-2034. In the year 2025, the industry size of metal fiber is assessed at USD 5.98 billion.
Key Metal Fiber Market Insights Summary:
By the end of 2034, the North America region is projected to secure the largest market share.
Significant growth is anticipated in the automotive oil segment within the metal fiber market through 2034.
Key Growth Trends:
- Growing Demand for Automotive Vehicles
- Increasing Expansion Rate of Construction Industry
Key Players:
- Bekaert S.A., IntraMicron, Inc., V. Bekaert S.A., PPG Industries Ohio Inc., Fiberguide Industries Limited, Fibrometals SRL, Green Steel Group, MBC Metal Limited, Nippon Seisen Co., Ltd, BinNova Metal Fiber Technology GmbH.
Market Size and Growth Projections:
- 2024 Market Size: USD 5.75 billion
- 2025 Market Size: USD 5.98 billion
- Projected Market Size: USD 9.19 billion by 2034
- Growth Forecasts: 4.8% CAGR (2025-2034)
- Largest Region: North America
- Fastest Growing Region: Europe
The market growth can be attributed to expansion of the chemical industry worldwide. For instance, the Indian chemical industry accounted for nearly USD 170 billion in the year 2019 and is anticipated to reach around USD 300 billion by 2025.
Metal fibers, also known as synthetic fibers, are composed of metals, metals coated by plastics, or the core completely made up of metals. Metal fibers can be drawn from wires of larger diameters, shaved from thicker wire or grown around carbon seeds. Silver and gold were traditionally used in the textile industry for luxury clothing decoration purposes.
The primary use of metal fibers lies in upholstery fabric and textiles such as lame and brocade. Metal fibers are also used by consumers in weaving. Metal fibers can be knit, braided and woven into fashionable trims and fabrics. Fabric production is significantly increasing, which is resulting into the growth of the global market. For instance, the total production of fabric in India amounted to over 77 billion square meters in 2020.
Metal Fiber Market Growth Drivers and Challenges:
Growth Drivers
- Growing Demand for Automotive Vehicles – Metal fibers are used significantly and widely in the automotive sector. Automotive sector is growing rapidly across the world. Hence, this is anticipated to be an important factor to drive the market growth. Revenue of worldwide automotive manufacturing industry was sized at approximately USD 2.9 trillion in 2021 and it is estimated to increase significantly over the forecast period.
- Increasing Expansion Rate of Construction Industry – According to estimates, by the end of 2025, the construction industry in India is expected to reach a total value of USD 1.3 trillion.
- Rising Government Support to Expand the Chemical Industry – Within the Union Budget 2022-23, the Indian government allocated approximately USD 27 million to the Department of Chemicals and Petrochemicals.
- Increasing Expansion of Chemical Industry across the Globe – Global chemical industry garnered revenue of nearly USD 4 trillion around the world in the year 2021.
- Increasing Fiber Production around the Globe – In the year 2021, natural fibers such as cotton or wool had a production volume of nearly 26 million metric tons, whereas chemical fibers accounted about 89 million.
Challenges
- Design Restrictions
- Lack of Expert Professionals
- High Production Cost
Metal Fiber Market Size and Forecast:
| Report Attribute | Details |
|---|---|
|
Base Year |
2024 |
|
Forecast Year |
2025-2034 |
|
CAGR |
4.8% |
|
Base Year Market Size (2024) |
USD 5.75 billion |
|
Forecast Year Market Size (2034) |
USD 9.19 billion |
|
Regional Scope |
|
Metal Fiber Market Segmentation:
End-user Segment Analysis
The automotive oil segment in the metal fiber market is expected to grow substantially through 2034, owing to growing sales of cars across the world, and increasing production of automotive vehicles. It was noted that, in 2020, global car sales accounted to approximately 64 million automobiles, and from there it rose to approximately 67 million automobiles in 2021.
Our in-depth analysis of the global metal fiber market includes the following segments:
|
By Material Type |
|
|
By End User |
|
Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.
Customize this ReportMetal Fiber Market Regional Analysis:
North America Market Insights
North America region is expected to hold largest market share by the end of 2034, on the back of growing production of vehicles, and significant numbers of employee in the automotive sector in the region. The United States produced approximately 9 million vehicles in 2020. About 924,000 Americans work in motor vehicles and parts manufacturing, and nearly 1,251,700 are employed by automobile dealers.
Key Metal Fiber Market Players:
- Bekaert S.A.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- IntraMicron, Inc.
- V. Bekaert S.A.
- PPG Industries Ohio Inc.
- Fiberguide Industries Limited
- Fibrometals SRL
- Green Steel Group
- MBC Metal Limited
- Nippon Seisen Co., Ltd
- BinNova Metal Fiber Technology GmbH
Recent Developments
- Bekaert S.A. – As part of expnasion strategy, Bekaert announced an equity investment in TFI Marine (Technology from Ideas), a leading mooring innovator, which has responded to the market needs with essential, patent-protected load reduction devices for floating offshore wind and offshore fish farm mooring systems.
- PPG Industries UK Ltd – PPG Industries UK Ltd achieved record sales in the third quarter driven by continued selling price realization, resulting in more than a 12% rise in selling prices versus the third quarter 2021 and an 18% increase on a two-year stacked basis.
Author Credits: Rajrani Baghel
- Report ID: 1058
- Published Date: Jun 13, 2025
- Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Metal Fiber Market Report Scope
Copyright @ 2025 Research Nester. All Rights Reserved.
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
See our insights in action - schedule your demo now!