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.
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.
