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.
Portland, OR, Jan. 14, 2021 (GLOBE NEWSWIRE) -- 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.
Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/8374
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.
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.
Get Detailed COVID-19 Impact Analysis on the Metal Fiber Market: https://www.alliedmarketresearch.com/request-for-customization/8374?reqfor=covid
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.
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.
Interested in Procuring This Report? Visit Here: https://www.alliedmarketresearch.com/metal-fiber-market/purchase-options
Avenue Basic Plan | Library Access | 1 Year Subscription |
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR 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.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
CONTACT: Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free: 1-800-792-5285 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1-855-550-5975 email@example.com Web: https://www.alliedmarketresearch.com