The metal coated fibers market was valued at US$ 47.99 million in 2021 and is projected to reach US$ 83.43 million by 2028; it is expected to grow at a CAGR of 8.2% from 2021 to 2028.
The coating plays an important role in protecting the fiber from various damages such as pressure and chemical effect. Metal coated fiber shows strong abilities to satisfy requirements in industries such as aerospace, chemical industry, and deep-well oil-field. In North America, the emerging countries are witnessing a surge in industrialization, offering ample opportunities for the key market players in the metal coated fibers market. The massive market growth in North America can be attributed to the increasing investments in technology and the fast-growing end-user industries such as oil & gas, aerospace & defense, and medical. This enabled the region to hold the largest portion of the global metal coated fibers market share.
Impact of COVID-19 Pandemic on Metal Coated Fibers Market
The significant decline in the growth of several industrial sectors due to COVID-19 pandemic has impacted the demand for metal coated fibers in the global market. The impact of the COVID-19 pandemic varies across the different application segments, for instance oil and gas exploration activities declined substantially during the pandemic. The pandemic has changed the overall oil & gas industry, and stakeholders in the energy sector have further inclined towards the adoption of renewable energy.
Customize This Report To Suit Your Requirement
You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
Metal Coated Fibers Market: Strategic Insights
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Customize This Report To Suit Your Requirement
You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
Metal Coated Fibers Market: Strategic Insights
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Market Insights
Increasing Requirement from Defense, Aerospace, and Medical Industries
Metal coated fibers are used in the medical industry in applications such as plasma diagnostic systems in thermonuclear reactors and image guides for visual inspection of nuclear installations. In the biomedical industry, the use of optical fiber has grown rapidly from simple light and image guides to next-generation imaging and advanced diagnostics. Moreover, continuous growth and expansion of the defense, aerospace, and medical industries in various countries across the globe contribute to market growth. Thus, high demand from defense, aerospace, and medical industries is driving the metal coated fibers market share.
Material Insights
Based on material, the global metal coated fibers market forecast has been segmented into aluminum, copper, nickel, and others. The aluminum segment held the largest share of the global market in 2020. Aluminum coatings can be used in various step-index multimode, graded-index, and single-mode fibers. Aluminum coatings enable the fiber to be used on broader temperature range applications. Moreover, aluminum-coated fibers are used in harsh chemical environments, medical applications, and down-hole sensing for the oil & gas industry.
Metal Coated Fibers Market, by Material – 2020 and 2028
Some of the key players operating in the global metal coated fibers market are AFL; AMS Technologies; Arts Photonics Gmbh; Heracle Gmbh; IVG fiber limited; Molex LLC; Forc Photonics; Thorlabs, Inc.; OZ Optics; and Technical Fiber Products.
Metal Coated Fibers Market Regional Insights
Metal Coated Fibers Market Regional Insights
The regional trends and factors influencing the Metal Coated Fibers Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Metal Coated Fibers Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for Metal Coated Fibers Market
Metal Coated Fibers Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 47.99 Million |
| Market Size by 2028 | US$ 83.43 Million |
| Global CAGR (2021 - 2028) | 8.2% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Material
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Market Players Density: Understanding Its Impact on Business Dynamics
The Metal Coated Fibers Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Metal Coated Fibers Market are:
- AFL
- AMS Technologies
- Art Photonics GmbH
- Engineered Fibers Technology, LLC.
- Fiberguide Industries
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Metal Coated Fibers Market top key players overview
Report Spotlights
- Progressive industry trends in the market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the metal coated fibers market forecast from 2019 to 2028
- Estimation of global demand for metal coated fibers market size
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the metal coated fibers industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook as well as factors driving and restraining the growth of the market
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the metal coated fibers market growth
- The size of the market size at various nodes
- Detailed overview and segmentation of the market, as well as the metal coated fibers industry dynamics
- Size of the metal coated fibers market in various regions with promising growth opportunities
The global metal coated fibers market is segmented by material into aluminum, copper, nickel, and others. Based on the coating method, the global market is segmented into freezing method, electroplating, electroless plating, and others. Based on end-use, the global market is segmented into oil and gas, defense and aerospace, medical, telecommunication and data centers, research and development, and others.
Company Profiles
- AFL
- AMS Technologies
- ARTS PHOTONICS GMBH
- Heracle GMBH
- IVG fiber limited
- Molex LLC
- Electro Optical Components, Inc
- Thorlabs, Inc.
- OZ Optics
- Technical Fiber Products
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Material, Coating Method, and End-Use
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, UAE, UK, US
Frequently Asked Questions
The medical segment is the fastest growing segment in the global metal coated fibers market during the forecasted period. In the medical industry, metal coated fibers are used in applications such as plasma diagnostic systems in thermonuclear reactors and image guides for visual inspection of nuclear installations
The freezing method segment held the largest share of the market in 2021. The freezing method is one of the most widely used coating method. This freezing method provides fiber strength twice as high as that of polymer-coated fibers.
The copper segment is the fastest growing segment in the global metal coated fibers market during the forecasted period. Copper is one of the most used fiber coating materials. They are used in various applications such as high-temperature environments, the oil & gas industry, medical applications, etc.
The aluminum segment held the largest share of the global metal coated fibers market in 2021. Aluminum coatings enable the fiber to be used on broader temperature range applications. Aluminum-coated fibers are used in harsh chemical environments, medical applications, and down-hole sensing for the oil & gas industry.
The major players operating in the global metal coated fibers market are AFL; AMS Technologies; Arts Photonics Gmbh; Heracle Gmbh; IVG fiber limited; Molex LLC; Forc Photonics; Thorlabs, Inc.; OZ Optics; Technical Fiber Products; among others.
In 2021, North America held the largest share of the global metal coated fibers market. The massive growth of the market in the North America region is due to the presence of manufacturing units of major industries such as oil & gas and aerospace.
Trends and growth analysis reports related to Chemicals and Materials : READ MORE..
The List of Companies
1. AFL
2. AMS Technologies
3. Art Photonics GmbH
4. Engineered Fibers Technology, LLC.
5. Fiberguide Industries
6. Heracle GmbH
7. Hollingsworth and Vose
8. IVG Fiber
9. OZ Optics Ltd
10. TECHNICAL FIBRE PRODUCTS
Get Free Sample For