Metal Coated Fiber Market- A Overview
Metal fibers are optical fibers which are coated with metal on the surface. An optical fiber, when used at high temperatures requires metal coating as it helps to protect it from the external environment and prevent any form of damage.. Fibers, when coated with metal also become resistant to high-temperatures and radiation.
A TMR study projects the global metal coated fiber market to grow at a compound annual growth rate (CAGR) of 9.4% during the forecast period between 2018 and 2026.
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Metal coated fibers are fabricated using the 'freezing' technique. The fiber which is obtained after undergoing fabrication by the freezing technique is twice stronger than polymer-coated fibers. As a result, metal coated fibers are gaining preference over polymer coated fibers in sensing and EMI shielding applications.
Also, polymers, generally, degrade thermally when the temperature crosses the 3500 degree Celsius mark, which makes metal coating a more suitable option than polymer coating, for high-temperature applications.
In addition to high-temperature applications, metal coated fibers are also used in cryogenic applications.
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Oil and Gas Application Segment Accounts for Major Share in the Market, Expected to Witness Strong Growth in Future
The global metal coated fiber market is studied based on type of material, application and region.
In terms of the type of material, copper has emerged as a preferred coating metal, as it offers resistance to temperatures, up to 6000 degrees Celsius for a shorter time duration and up to 4000 degrees Celsius for a longer time duration. Other metals such as gold, silver, aluminum, and nickel have also been used as coating materials.
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Copper and nickel-coated carbon fiber mats and veils have gained popularity because of their electrical conductivity and EMI shielding characteristics.
Based on application, the oil and gas segment accounted for a major share in the global metal coated fiber market in 2017 and is expected to witness strong growth during the forecast period.
Metal coated fibers are also used in the medical field for procedures such as endoscope placement, robotic surgeries, vascular procedures and detection, precision biopsy, and biosensing activities.
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Asia Pacific Emerges as Major Region in Global Metal Coated Fiber Market
Based on region, Asia Pacific dominated the global metal coated fiber market in 2017 and together with Europe, held more than 60% of the total share in the global metal coated fibers market. The presence of several manufacturers have been crucial to the growth of the metal coated fiber market in Asia Pacific.
The increasing focus on research and development activities and the usage of advanced composites for harsh environments is also contributing to the growth of the metal coated fiber market in Asia Pacific.
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Key market players in the global metal coated fiber market are establishing production facilities in developing countries such as India and China and existing market players are expanding their production capacities to improve the operational efficiency in this region.
The metal coated fiber market is expected to grow at a rapid pace in Europe, Asia Pacific, and North America while in Latin America and Middle East and Africa, the growth rate for the metal coated fiber market is expected to be moderate.
Metal Coated Fiber Market Players Expected to Invest Heavily on R&D Activities
Some of the important players in the global metal coated fiber market include Art Photonics GmbH. IVG Fiber Ltd., Technical Fiber Products Limited, Fiberguide Industries Ltd., and Conductive Composites Co. LLC.
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