Metal Fiber Market Trends, Challenges & Strategies, Growth Forecast to 2027

The global metal fiber market size is projected to reach $5.7 billion by 2027, growing at a CAGR of 4.2% from 2020 to 2027.

WILMINGTON, DE, UNITED STATES, September 16, 2024 /EINPresswire.com/ -- The global metal fiber market was pegged at $4.5 billion in 2019, and is anticipated to reach $5.7 billion by 2027, registering a CAGR of 4.2% from 2020 to 2027. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and varying market trends.

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According to the report published by Allied Market Research, the Metal Fiber Market by Type (Steel, Copper, Nickel, Aluminum, and Others), and End-use Industry (Automotive, Textile, Aerospace, Construction, Power & Electronics, and Others): Global Opportunity Analysis and Industry Forecast 2020-2027”.

Rise in use of steel fiber in the construction industry and high demand for metal fibers in filtration application fuel the growth of the global metal fiber market. On the other hand, volatile prices of raw materials impede the growth to some extent. Nevertheless, developing consumer base in emerging economies is expected to create lucrative opportunities in the industry.

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The key market players analyzed in the global metal fiber market report include Arcelor Mittal, Addas Group, Bekaert S.A, Kosteel Co. Ltd., Yutian Zhitai Steel Fiber Manufacturing Co., Ltd, Nippon Seisen Co., Ltd, Fibrezone India, Stanford Advanced Materials, Sarda Industrial Enterprises, and Green Steel Group. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their flair in the industry.

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The global metal fiber market is analyzed across type, end-use industry, and region. Based on type, the steel segment contributed to around one-third of the total market in 2019, and is anticipated to retain its dominance by 2027. The same segment would also showcase the fastest CAGR of 4.6% from 2020 to 2027.

Based on end-use industry, the automotive segment accounted for nearly one-fourth of the total market share in 2019, and is projected to lead the trail by the end of 2027. Simultaneously, the aerospace segment would grow at the fastest CAGR of 4.8% throughout the forecast period.

Based on geography, Asia-Pacific held the major share in 2019, holding nearly one-third of the global metal fiber industry. The same region would also manifest the fastest CAGR of 4.6% during the forecast period. The other regions covered in the report include Europe, LAMEA, and North America.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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