Metal fiber, also referred to as synthetic fiber in the textile industry, is a fiber having either a metal, core covered by a metal, plastic coated metal, or a metal coated plastic. Metals such as gold, silver, and copper have been employed for weaving and embroidery in the ancient history in countries such as Persia, India, and Egypt. Currently, metals such as stainless steel and aluminum are used as metallic fibers in applications such as textile decoration. They are manufactured through two processes: laminating process and metalizing process. Under the laminating process, a lamination covering of acetate film or polyester film is provided over the metal filament, while in the metallization process, the metal is heated into vapors, which are then deposited onto the polyester film at high temperature. In the textile industry, the use of metal fibers provides esthetic appeal to the garment knitted out of metallic fibers.
Alloys such as nichrome, stainless steel alloys, titanium, copper, nickel alloys, brass, and bronze are some of the metal alloys that are also employed in the production of metal fibers. The textile industry is one of the major consumers of metal fibers. Metal fibers are employed for decorative purpose as well as for functional purpose in the industry. Typical examples of end-products of metal fibers include upholstery fabrics such as lame and brocade, curtains, sofa covers, and carpets. Carpets are generally made with steel fibers, which conduct electricity and minimize the chance of static shock. Metal fibers are increasingly being used in the fashion industry to manufacture products such as apparels, hand bags, and stilettos. Metal filaments such as gold, silver, and bronze are more in demand, especially in the fashion industry, for their usage as metal fibers. However, the metal fibers market is still at a nascent stage; majority of the producers are based in Europe. Fabrics made out of metal fibers require utmost care and maintenance for cleaning of the fabric. Fabrics with metal fibers need professional dry cleaning with perchloroethylene. Care must be taken while ironing the fabrics with metal fibers. Manufacturing of metal fibers is a costly and difficult procedure. Metal fibers lack flexibility and are stiff. This gives rise to the need for a substitute for metal fibers.
In terms of material, the metal fiber market can be segmented into nickel, copper, aluminum, gold, silver, bronze, and others. The aluminum segment dominates the market owing to its light weight and high strength. Aluminum has low density compared to its counterparts. The segment is anticipated to continue its dominance during the forecast period. It is expected to expand at a steady pace during the forecast period.
In terms of end-user industry, the metal fiber market can be divided into textile, automotive, construction, and others. Currently, the textile segment dominates the metal fiber market. Metal fibers are used in various products such as hand bags, carpets, apparels, footwear, and home décor products in the textile industry. Demand for metal fibers has been increasing in the fashion industry. Gold, silver, and bronze fibers are extensively being used to give esthetic appeal to fabrics. Textile industry is anticipated to continue its dominance during the forecast period.
In terms of geography, the market is dominated by Europe, followed by North America. The metal fibers market is at the nascent stage. Moreover, metal fibers are expensive; therefore, they are more commonly used in developed regions. Majority of producers of metal fibers are located in Europe, A few are based in North America. Europe is anticipated to continue its dominance during the forecast period. The market in the region is expected to expand at a steady pace during the forecast period.
Key players operating in the global metal fiber market include Fibrometals, BASF SE, Huntsman International LLC, IntraMicron, Inc., Ahlstrom Corporation, Celanese Corporation, E. I. du Pont de Nemours and Company, HYOSUNG, and PPG Industries Ohio Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
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Below is a snapshot of these quadrants.
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The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
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10. What will be the barrier to entry for new players in the market?
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