The global metal fiber market size was valued at USD 4.76 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.9% from 2020 to 2027. Rise in demand for metal fibers from various industries, including automotive, aerospace and defense, and textile is expected to fuel the market growth over the forecast period. An increase in product use for the automotive industry is expected to have a positive impact on industry growth. Rising demand for lightweight vehicles, coupled with stringent government regulations for increasing the fuel efficiency of the vehicles by reducing the overall weight of the vehicle, propels the demand for metal fibers. The market in the United States is expected to exhibit significant growth on account of the rapid development of the application industries. The market witnessed a strong presence of manufacturers and significant demand for steel and aluminum fibers. Rising demand from the end-use industries such as aerospace, defense, electrical, and electronics boosts the market growth.
Several regulations regarding weight and strength of the materials used in the manufacturing of vehicles and in aviation enforce the manufacturers to opt for metal fibers in various end-use industries. The use of metal fibers in textiles for antistatic fibers and electronic industries for weaving, circuit boards used in mobiles and computers, and others trigger the market growth.
Characteristics offered by metal fibers such as chemical resistance, corrosion resistance, and high tensile strength are boosting the demand for metallic fibers and this is expected to continue over the forecast period. The use of metal fibers for filtration and insulation facilitates the growth of the market in various end-use industries.
However, high manufacturing and maintenance costs, lack of flexibility, and availability of substitutes, such as carbon fibers, may restrain the market growth over the period. In addition, the competition among the major manufacturers to opt for advancement in the product for the automotive and aviation industries is expected to affect the global demand for metal fibers.
Steel fiber led the market and accounted for a 33.4% share of the global revenue in 2019. Increasing non-structural applications and its ability to improve resistance and strength are the key factors driving the segment growth. In addition, aluminum is expected to witness significant growth over the period. The steel and aluminum used in the automotive and aerospace industries in chassis, body, beams, and others propel the demand for metal fibers in the market.
Steel fiber is projected to dominate the market, followed by aluminum fiber, with a significant share and is expected to expand at a considerable CAGR over the forecast period. The aluminum fiber segment is projected to expand at a CAGR of 5.1% over the forecast period.
Other products considered in the market are silver, bronze, and titanium. These metals are expected to witness significant growth over a period of time. The textile industry and fashion trends in it favor the segment growth. Silver fibers are extensively used in the fashion industry to enhance the quality and look of the fabric. Favorable characteristics such as conductivity and ability of mass reduction associated with copper, bronze, and titanium are propelling the segment growth.
The automotive industry led the market and accounted for more than 25.0% share of the global revenue in 2019 owing to the product used in diverse applications, including chassis, body parts, and seats. The manufacturers and major auto companies invest considerably in their research and development in order to opt for advanced and lightweight materials for the vehicles. Moreover, the government compelled the auto-manufacturers to consider mass reduction for the vehicles. This triggers the demand for metal fibers.
The aerospace and defense industry held the second-largest share in 2019. Hydraulic fluid filter media and sound attenuation are some of the areas where metal fibers are used extensively in the aerospace industry. Moreover, the metallic fibers are majorly used in the products, such as bags, apparel, carpets, footwear, gloves, garments, seats, home décor products, and other industrial solutions.
Other applications include home furnishing, industrial solutions, and construction. Industrial solutions include filtration, ESD and EMI protection, engineered fiber, and textile solutions.
Asia Pacific dominated the market and accounted for 31.64% share of the global revenue in 2019 owing to significant demand from China, India, and other countries. In addition, India is expected to witness significant demand from the automotive and textile industries. The major multinational companies such as N.V. Bekaert S.A. extend their offerings and manufacturing facilities in the developing countries. This favors the market growth in the Asia Pacific metal fibers market over the forecast period.
The product demand in Europe is dominated by the automotive industry and is expected to continue over the forecast period. The market in North America generated USD 1118.01 million in 2019 and is expected to grow at a significant rate over the forecast period, which can be attributed to a rise in product demand for lightweight fibers. Favorable market conditions, government policies, and demand for metallic fibers fuel the market growth in the region.
Demand for metal fibers in Central and South America is projected to witness significant growth over the projected period owing to rising demand from textile, power and electronics, chemical, and other end-use industries.
The companies tend to offer their products and boost demand through innovation, strong R&D facility, acquisition, and investment. The market has a significant presence of major companies involved in product manufacturing, trading, and distribution and marketing strategies. The market is characterized by the presence of a significant consumer base across the globe with the companies operating their business through dedicated distribution networks. Some of the prominent players in the metal fiber market include:
N.V. Bekaert S.A
Green Steel Group
PPG Industries Ohio Inc.
Nippon Seisen Co., Ltd
MBC Metal Limited
Stanford Advanced Materials
Fiberguide Industries Limited
BinNova Metal Fiber Technology GmbH
Market size value in 2020
USD 4.99 billion
Revenue forecast in 2027
USD 6.98 billion
CAGR of 4.9% from 2020 to 2027
Base year for estimation
2016 - 2018
2020 - 2027
Revenue in USD million and CAGR from 2020 to 2027
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Product, end-use industry, region
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa
The U.S.; Canada; Mexico; Germany; The U.K.; France; China; India; Japan; Australia; Brazil; UAE
Key companies profiled
N.V. Bekaert S.A; Fibrometals SRL.; PPG Industries Ohio Inc.; IntraMicron, Inc.; Fiberguide Industries Limited; Addas Group; Guven Metal; BinNova Metal Fiber Technology GmbH
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This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global metal fiber market on the basis of product, end-use industry, and region:
Product Outlook (Revenue, USD Million, 2016 - 2027)
End-use Industry Outlook (Revenue, USD Million, 2016 - 2027)
Power & Electronics
Chemical and Materials
Aerospace and Defense
Regional Outlook (Revenue, USD Million, 2016 - 2027)
Central & South America
Middle East & Africa
b. The global metal fiber market size was estimated at USD 4.76 billion in 2019 and is expected to reach USD 4.99 billion in 2020.
b. The metal fiber market is expected to grow at a compound annual growth rate of 4.9% from 2020 to 2027 to reach USD 6.98 billion by 2027.
b. Steel Fibers dominated the metal fiber market with a share of 33.45% in 2019, owing to its extensive use in automotive, aerospace & defense, and other such end-use applications.
b. Some of the key players operating in the metal fiber market include N.V.Bekaert S.A., Fibrometals SRL, PPG Industries Ohio Inc., IntraMicron, Inc., MBC Metal Limited, Stanford Advanced Materials, and others.
b. The key factors that are driving the metal fiber market include growing product demand for automotive and aerospace industries, rising product use for textile, and surge in demand for metal fibers for filtration media and other such industrial solutions.
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