-- Market Analysis:
The Global Metal Fiber Market is touted to touch a significant 7.9% CAGR during the assessment period (2016-2023). The Metal Fibers also called metallic fibers or metallic thread were initially made from metal coated plastic, plastic coated metal and simply a core covered by metal. Silver and gold are being used since times immemorial as yarns especially for fabric decoration. Of late, aluminized nylon yarns, aluminized plastic yarns and aluminum yarns have replaced silver and gold. The metallic filaments in fact can be coated using transparent films for minimizing tarnishing. The metallic fibers can help in resisting the odor causing bacteria along with transferring heat from the body. It is chemical resistant and can also resist abrasion and high temperatures. In polymers it helps in minimizing chemical deterioration and breakage along with reducing heat and static electricity. In amalgamation with different other fabrics, Metal Fibers are largely used in different applications such as state electricity resistance, carpets, clothing and upholstery. Besides, it is also used in heating, glass manipulation, EMI/ESD protection and filtration. The metal fibers that are EMI shielded has turned into a part of people’s daily life. Circuit boards and CPUs for instance use EMI coatings.
Metal Fibers are highly favored for its alluring features such as conducts heat well, is ductile and malleable, possess high density, is shiny, chemically reactive and helps to reduce static. Owing to its noteworthy characteristics, Metal Fibers are widely used for adding decoration, in carpets and provide garments with new characteristics. It is manufactured using two processes- metalizing and laminating. In the former, it is heated into vapor and then are deposited into polyester films and at very high temperatures. In the latter a lamination covering made of polyester or acetate film is offered on top of the metal filament.
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The Metal Fibers especially in the textile industry offers am aesthetic appeal to apparels knitted out from the metallic fibers. Its end uses include but is not limited to carpets for reducing static electricity, communication lines such as cable TV lines and telephone, survival clothing and cold weather, lace, trimmings, military regalia, knitting, braids, embroidery, evening and party wear, brocade fabrics and lame, upholstery and more.
There are a couple of factors that is driving the growth of the Metal Fiber Market. Some of the market trends and factors in this market as per an analysis conducted by Market Research Future (MRFR) include increasing requirement to stop equipment failure, the rising demand for Metal Fiber in end-use industries such as electrical and electronics industry, defense and aerospace, and resistance to high temperature.
Market Segmentation:
Market Research Future report provides a comprehensive segmental analysis of the Metal Fiber Market on the basis of Types, Application and End User.
Based on Types, it is segmented into silver, gold, copper, aluminum, nickel and others. Of these, aluminum dominates the Metal Fiber Market due to its high strength and light weight.
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Based on Application, the Metal Fiber Market is segmented into heating, hot glass manipulation, EMI/ESD protection, filtration or other specialties.
Based on End User, it is segmented into glass, plastic, textiles, automotive and others. Of these, the textile segments hold the largest share in the Metal Fiber Market.
Regional Analysis:
Based on Region, the Metal Fiber Market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Rest of the World. Of these, North America leads the market owing to its massive manufacturing industry for defense and aerospace. The Asia Pacific region is anticipated to be the fastest growing market owing to increase in demand of textile and automotive industries. Surging demand in different applications such as heating, hot glass manipulation, EMI/ESD protection, filtration and other specialties is predicted to fuel the growth of the Metal Fiber Market during the assessment period. Increasing demand for glass, plastic, textiles, automotive and other industries in Indonesia, India, Japan and China has boosted the demand for the Metal Fiber Market.
Key Players:
Leading players profiled in the Metal Fiber Market include Interstate Specialty Products (USA), Dexmet Corporation (USA), Magnetic Shield Corporation (USA), Carlisle Companies Incorporated (US), Hollingsworth & Vose Company (USA), Toho Tenax America, Inc. (USA), Bekaert (Europe), and Others.
July 2018- BinNova Metal Fiber Technology of late has licensed from Max Planck Institute for Medical Research a smart technology that will help in producing fine and robust micro-metal fibers. These ultra-thin fibers will come with some unique material properties and variety of alloys and metals can be used for producing it. It will be in the market in the name Binova MFT (Metal Fiber Technology) and its small fiber diameter will offer cost benefits and improved engineering performance.
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