A new research report by Transparency Market Research has been recently added to its vast collection of market research studies. The study, titled “Metal Coated Fiber – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025,” offers a detailed overview of the market, highlighting the key aspects that are projected to accelerate the growth of the overall market in the coming years.
The increasing demand for air travel across the globe is one of the key factors estimated to accelerate the growth of the global metal coated fiber market throughout the forecast period. Technological advancements and innovations in this field is further predicted to generate promising growth opportunities for the market players. Moreover, the expansion of the automotive industry is predicted to contribute extensively towards the overall growth of the market in the near future.
On the basis of materials used, the global market for metal coated fiber can be classified into copper, nickel, aluminum, and others. Among these, the nickel coated fibers segment is projected to witness high growth, owing to the increasing use of nickel in several applications. In addition, the high strength, highly conductive, durability, heat-resistance, and other properties of nickel are some of the other factors predicted to accelerate the growth of the overall market in the next few years. Defense, consumer electronics, aerospace, automotive, and construction are some of the major end users of the global metal coated fiber market.
The global metal coated fiber market can be categorized on the basis of geography into Latin America, North America, the Middle East and Africa, Asia Pacific, and Europe. In the last few years, North America held a large share of the global market and is estimated to remain in the dominating position throughout the forecast period. On the other hand, Asia Pacific is estimated to register a promising growth rate throughout the forecast period. The high growth of this region can be attributed to the rapid development of the automotive and aviation industries. In addition to this, the development of the economy, the rising industrialization and urbanization, and the enhancement of the standard of living are some of the major factors that are predicted to accelerate the growth of the Asia Pacific market throughout the forecast period.
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The global metal coated fiber market is competitive in nature and is projected to observe a high level of competition in the next few years. The leading players in the market are emphasizing on marketing tactics in order to enhance their market penetration and expand their market share. In addition to this, the rising number of mergers and acquisitions is estimated to offer potential growth opportunities throughout the forecast period. Some of the leading players mentioned in the research report are Hollingsworth & Vose Company, IVG Fiber Ltd., Conductive Composites Co. LLC, Technical Fiber Products, Technical Fiber Products Ltd., Carlisle Interconnect Technologies, Toho Tenax, Directed Vapor Technologies Inc., and OZ Optics Ltd.