Publication Month: Dec 2021 | Report Code: TIPRE00019510 | No. of Pages: 153 | Category: Chemicals and Materials | Status: Published
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.
|Market Size Value in||US$ 47.99 million in 2021|
|Market Size Value by||US$ 83.43 million by 2028|
|Growth rate||CAGR of 8.2% from 2021 to 2028.|
|No. of Pages||153|
|No. of Tables||83|
|No. of Charts & Figures||81|
|Historical data available||Yes|
|Segments covered||Material, Coating Method, and End-Use|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
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.
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.
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.
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.
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.