Metal Fiber Market Study Innovative Business Growth, Outlook Forecasting

The global metal fiber market is set to gain momentum from its surging usage in various aircraft as a sound attenuation element. Nowadays, the increasing population in cities is, in turn, raising the volume of air traffic. Hence, the demand for silent aircraft is increasing to lower noise pollution and to control air traffic. Fortune Business Insights™ published this information in a new report, titled, “Metal Fiber Market Size, Share & COVID-19 Impact Analysis, By Product (Steel, Nickel, Copper, Aluminum, and Others), By Technology (Bundle Drawing, Foil Shaving, Machining, And Melt Spinning), By Application (ESD/EMI Protection, Filtration, Hot Glass Manipulation, Electrical Cables, Specialties, and Others), By End-Use (Textile, Automotive, Aerospace, Power & Electronics, and Others), and Regional Forecast, 2020-2027.” The report further states that the metal fiber market size was USD 4,701.0 million in 2019 and is projected to reach USD 6,561.6 million by 2027, exhibiting a CAGR of 4.5% during the forecast period.

This Report Answers the Following Questions:

What are the market drivers, trends, and hindrances?
Which region would dominate the market in the near future?
Which segment is set to lead the market by the end of 2027?
How will the companies surge sales of metal fibers amid the pandemic?

Key Players Focus on Expanding Production to Attract More Customers

The market is highly fragmented. Most of the companies are adopting strategies, such as investments, acquisitions, research & development activities, and innovation to strengthen their positions. Some of the others are broadening their production processes and shifting their facilities to bigger locations for attracting more customers. Below is a recent industry development:

July 2020: Bekaert will move its US production activities of Dramix® steel fiber to a state-of-the-art facility in Wilkes-Barre in fall 2020. It took this decision because of the high demand for Dramix® steel fiber. The company’s Shelbyville team will assist customers during the entire relocation process. To meet the ‘U.S. made and melt’ requirement, the company is investing in high-quality steel fiber production.
Fortune Business Insights™ presents a list of the reputed metal fiber manufacturers operating in the market. They are as follows:

Bekaert (Belgium)
Deutsches Metallfaserwerk Dr. Schwabbauer GmbH & Co. KG (Germany)
IntraMicron (U.S.)
NIKKO TECHNO, Ltd. (Belgium)
CREAFIBRES SAS (France)
Green Steel Group (Italy)
Fibrometals (Romania)
Nippon Seisen Co., Ltd. (Japan)
MBC Metal Limited (China)
Addas Group (Egypt)
GUVEN METAL (Turkey)
BinNova GmbH & Co KG (Germany)
Other Key Players
Browse Link: https://www.fortunebusinessinsights.com/metal-fiber-market-103888