The global metal-coated fibers market is anticipated in a report by Transparency Market Research (TMR) to find a handful of players commercializing their products. As observed in most scenarios, manufacturers of meta-coated fibers use their own technologies in the manufacturing process. With a view to gain a competitive edge in the global metal-coated fibers market, players could focus on strengthening current relationships with customers and building a good rapport with new ones. They are also expected to hone their proprietary expertise and take advantage of their patented technology to score impressively in the global metal-coated fibers market. High investment in the development of new products could be another scenario observed in the global metal-coated fibers market.
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TMR envisages the global metal-coated fibers market to register an over 9.0% CAGR during the forecast period 2018-2026. By the end of the forecast period, the global metal-coated fibers market could attain a valuation of US$79.0 mn.
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Among different materials used to manufacture metal-coated fibers, copper and nickel are foreseen to account for a substantial share of the global market. In 2017, both the segments collected an over 55.0% share of the global metal-coated fibers market. From a geographical perspective, the global metal-coated fibers market is expected to find Asia Pacific securing a massive share in the near future. In 2017, the region bagged a 60.0% aggregate share of the global metal-coated fibers market along with Europe.
Research and Development to Develop Multipurpose Fibers Improves Growth
The global metal-coated fibers market is projected to gather pace in its growth due to increasing application in cryogenic temperature and high-temperature sensors. Increasing research and development could also set the tone for valuable growth of the global metal-coated fibers market. The demand for metal-coated fibers is predicted to surge because of the rising awareness about their superior attributes such as high mechanical strength and corrosion resistance.
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Use of advanced composites in the aerospace and defense industry could lay a solid foundation for the growth of the global metal-coated fibers market. On the other hand, wide expansion in the oil and gas industry is foretold to augment the demand in the global metal-coated fibers market.
Technical Difficulties in Micro-bending Long Fibers to Cut Short Demand
The global metal-coated fibers market could have a positive growth outlook; however, there are some factors that may be working against it in the foreseeable future. For instance, concerns over technical abnormalities associated with the micro-bending and coating of long fibers are prognosticated to hinder the rise in the demand for metal-coated fibers.
However, increased application of distributed temperature sensors in downhole oil well monitoring is prophesied to stoke the demand for metal-coated fibers. Furthermore, the growing requirement of high-tech sensing devices in the medical industry could create lucrative opportunities in the global metal-coated fibers market.
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