Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Global Metal Fibre Market Overview
Metallic fibres, also known as synthetic fibres, are composed of metals, metals coated by plastics, or the core completely made up of metals. Metal fibres 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 fibres lies in upholstery fabric and textiles such as lamé and brocade. Metal fibers are also used by consumers in weaving. Metal fibres can be knit, braided and woven into fashionable trims and fabrics. Metallic fibres are at times twisted with other variety of textiles such as nylon, wools, cotton and more to give a luxury finish to the produced yarns. Metal fibres are produced using two basic processes namely, laminating process and metalizing process. The laminating process involves the sealing of two layers of acetate or polyester film between a layer of aluminum whereas metalizing process involves heating the metal until it vaporizes then depositing at a high pressure onto the polyester film. The uses of metallic fibres are not just limited to textile industry. These fibers are also used in communication lines such as cable television lines and phone lines. The uses of metal fibres have further propelled in the recent past on account of their use in tire cord, space suits, missile nose cones and much more. The increasing uses of metal fibres in various end user industries are estimated to propel the market at a sturdy rate during the forecast period.
Market Size & Forecast
Metal Fibre Market is anticipated to record a CAGR of 4.3% over the forecast period. Many multi-national companies are dealing in new product advances using metal fibre. Moreover, the many advantageous properties of metal fibres are exploited in the field of aviation and electronic communication every now and then. New uses for metal fibres are discovered on regular basis which is expected to drive the metal fibre market rapidly.
Currently the global metal fibre market is observing vibrant growth owing to increasing demand of luxury carpets and textiles in the market. Advance in aerospace and aviation industry in the past few years and growing space explorations is 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.
On the basis of regional platform, global metal Fibre market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
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. Due to multiplying metal fibre uses in growing end-use industries such as textile, military, automotive industries, Asia Pacific is budding as a regional metal Fibre and its derivatives consumption market.CLICK TO DOWNLOAD FREE SAMPLE
Market Segmentation
Our-in depth analysis of the global metal Fibre market includes the following segments:
By Material Type
By Fibre Coating
By End-User Industries
By Region
Global Metal Fibre Market is further classified on the basis of region as follows:
Growth Drivers & Challenges
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. 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. Moreover, the application of metal fibres in manufacturing of hybrid composites and cut resistant gloves and suits is expected to expand the market in heavy duty machine industries across the globe.
However, poor stability features in raw material costs and supply for metal fibres manufacturing is anticipated to restrain the metal fibres market during the forecast period.
Key Players
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