Metal Fiber Market Growth

Metal fiber market was valued at $4.5 billion in 2019, and is projected to reach $5.7 billion by 2027, growing at a CAGR of 4.2% from 2020 to 2027

OREGON, PORTLAND, UNITED STATES, September 29, 2022 /EINPresswire.com/ -- According to the report published by Allied Market Research, 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.

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.

Covid-19 scenario-
• The outbreak of Covid-19 led to huge disorders in industrial activities, which in turn decreased the demand for metal fiber significantly.
• At the same time, the disrupted chemical industry supply chain impacted the global market for metal fiber negatively.
• Nevertheless, government bodies in different countries are coming up with several relaxations on the existing dictums, and the market is projected to get back to its position soon.

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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 market. 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.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Allied Analytics LLP
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