OTTAWA, 2 November 2020 (GLOBE NEWSWIRE): priority research, recently published report on “Metal Fiber Market Size, Participation, Growth, Trends, Scope, Forecasts, Regional Outlook 2020-2027”.
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The global steel fiber market valued at $4. 82 billion in 2019, according to a new research report.
Metal fiber, also known as artificial fiber, especially in the textile industry, is necessarily a fiber containing a metal, a plastic-coated metal, a metal-coated core or a metal-coated plastic. Copper was particularly used for embroidery and weaving in antiquity in many countries such as India, Persia and Egypt. In addition to textiles, these metal fibers have their wide variety of programs in many industries such as automotive, aerospace and defense, energy, electronics, chemicals. materials, and many others. These metal fibers are also produced from their alloys, such as stainless metal alloys, nichrome, copper, titanium, brass, nickel alloys and many others.
Metals are very important for the progress of any industry. Today, the shift in customers’ preference for lightweight fabrics is having a significant effect on the expansion of steel fiber throughout the era and this trend is expected to continue. the next few years due to significant progressions in the textile industry.
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In addition to the textile sector, the automotive industry is the other primary sector that has disrupted the global steel fiber market. The alarming rate of air pollutant accumulation has forced governments in various countries to adopt rigorous pollutant control strategies and, as maritime transport is a major contributor to pollutant accumulation, strict emissions-related measures are therefore followed. In the process, automakers are looking for lightweight fabrics that decrease overall vehicle weight and fuel efficiency, reducing the overall vehicle contribution to pollutants.
Regional snapshots
In addition, Europe and North America are the other major markets for steel fiber due to strong demand from the automotive, aerospace and defense industries. North America followed through Europe invests heavily in defense and aerospace studies and progression to its field of study and military base. Apart from this factor, the immediate evolution of the way of life and its clothing greatly influences the expansion of the steel fiber industry market in the regions.
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Highlights of the report
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Some of the main players operating in the market are IntraMicron, Inc. , NV Bekaert SA, PPG Industries Ohio Inc. , Fiberguide Industries Limited, Fibrometals SRL, Green Steel Group, MBC Metal Limited, Nippon Seisen Co. , Ltd. , Stanford Advanced MaterialsArray Addas Group, Guven Metal and BinNova Metal Fiber Technology GmbH, others.
Market segmentation
By product
From regional perspectives
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