Global Metal Fiber Market Trends, Forecast Report 2025-2037
Metal Fiber Market size is expected to grow from USD 2.27 billion to USD 5.08 billion, registering a CAGR of more than 6.5% during the forecast period, between 2025 and 2037. In the year 2025, the industry size of metal fiber is assessed at USD 2.39 billion.
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 Sector: 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: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
6.5% |
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Base Year Market Size (2024) |
USD 2.27 billion |
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Forecast Year Market Size (2037) |
USD 5.08 billion |
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Regional Scope |
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Metal Fiber Segmentation
End-user (Textile, Construction, Automotive, Electrical)
The automotive oil segment in the metal fiber market is expected to grow substantially through 2037, 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:
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By Material Type |
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By End User |
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Customize this ReportMetal Fiber Industry - Regional Synopsis
North America region is expected to hold largest market share by the end of 2037, 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.
Companies Dominating the Metal Fiber Landscape
- 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
In the News
- 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: Jan 17, 2025
- Report Format: PDF, PPT
