Metal Coated Fibers Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Material (Aluminum, Copper, Nickel, and Others), Coating Method (Freezing Method, Electroplating, Electroless Plating, and Others), and End-Use (Oil and Gas, Defense and Aerospace, Medical, Telecommunication and Data Centers, Research and Development, and Others)
Publication Month: Dec 2021 | Report Code: TIPRE00019510 | No. of Pages: 153 | Category: Chemicals and Materials | Status: Published
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.
Strategic Insights
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.
Global Metal Coated Fibers Market Breakdown –by Region
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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.
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
Frequently Asked Questions
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
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global metal coated fibers market, thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
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