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, according to Research and Markets.
There is a high demand for metal coated fibers from harsh environment-related applications. Moreover, the growing telecommunication industry in the Middle East & Africa will offer more opportunities to the market players in the metal coated fibers market.
Based on the coating method, the global metal coated fibers market has been segmented into freezing method, electroplating, electroless plating, and others. The freezing method segment held the largest share of the global metal coated fibers market in 2020. The growing demand for lower-cost aluminum fibers is expected to grow during the forecast period, driving the demand for the segment.
In 2020, North America held the largest revenue share of the global metal coated fibers market. Due to the region’s flourishing economic conditions, there has been a spur in the region’s industrial activities. The exponential growth in the industrial sector, including aerospace, oil & gas, and medical, has influenced the demand for metal coated fibers in the region.
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 Electronics; Thorlabs, Inc.; OZ Optics; and Technical Fiber Products.