New York, April 26, 2022 (GLOBE NEWSWIRE) -- The Insight Partners published the latest research study on 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), and Geography. The projected growth of the market during the forecast period is attributed to the growing demand for harsh environment-related applications and increasing requirement from the defense, aerospace, and medical industries.
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| Report Coverage | Details |
| 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. |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
| No. of Pages | 153 |
| No. 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; Latin America; MEA |
| Country scope | US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Metal Coated Fibers Market: Competition Landscape and Key Developments
Some of the key players operating in the global metal-coated fibers market include AFL; AMS Technologies; Arts Photonics Gmbh; Heracle Gmbh; IVG fiber limited; Molex LLC; Forc Photonics; Thorlabs, Inc.; OZ Optics; and Technical Fiber Products.
The metal-coated fibers industry in North American countries has experienced a considerable shift over the years. The major driver for the growth of the metal-coated fibers market size in the region is fast-growing end-user industries such as oil & gas, aerospace & defense, and medical. Furthermore, various advantages of metal-coated fibers over polymer-coated fibers, such as the ability to withstand high temperatures, will boost the metal-coated fibers market growth in the region.
Growing Demand from Harsh Environment-Related Applications:
A few applications require the use of optical fiber specially coated with metal. For example, the oil & gas industry uses downhole optical fiber in wells where temperatures can reach over 300°C. Against such high temperatures, polymer-coated fibers do not keep their original mechanical properties. Therefore, metal coated fiber is used for high-temperature environments instead of polymer-coated fibers. Moreover, there are various applications where optical fiber may get exposed to ionizing radiation, such as nuclear storage facilities and nuclear power plants. Such applications require optical fiber that has been explicitly designed to be minimally impacted by ionizing radiation. Metal-coated fibers are sustainable in harsh environments. Hence, the growing demand from harsh environment-related applications is driving the metal-coated fibers market size growth.
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Metal Coated Fibers Market: Segmental Overview
Based on material, the global metal-coated fibers market is segmented into aluminum, copper, nickel, and others. The aluminum segment accounted for the largest portion of the global metal-coated fibers market share in 2020. Aluminum-coated fibers can withstand temperatures between –269°C and +400°C. In aluminum coatings, specific temperature settings and temperature controls are essential. Aluminum-coated fibers find application in harsh chemical environments, medical, and down-hole sensing for the oil & gas industry. Growth of the oil & gas industry in offshore sites is expected to substantially drive the growth of metal coated fiber market size during the forecast period.
Based on the coating method, the global metal-coated fibers market is segmented into the freezing method, electroplating, electroless plating, and others. The freezing method segment held the largest share of the global metal-coated fibers market in 2020. Growing demand for aluminum-coated fiber is expected to drive the growth of the segment during the forecast period.
In 2021, North America held the largest share of the global metal-coated fibers market. The massive growth of the market in the North American region is due to the presence of manufacturing units of major industries such as oil & gas and aerospace. The aluminum segment held the largest share of the global metal-coated fibers market in 2021. Aluminum coatings enable the fiber to be used on broader temperature range applications. Aluminum-coated fibers are used in harsh chemical environments, medical applications, and down-hole sensing for the oil & gas industry.
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Impact of COVID-19 Pandemic on Metal Coated Fibers Market
The ongoing COVID-19 pandemic has impacted the growth of the metal-coated fibers market size. The governments of various economies have taken possible steps to restrict the spread of the virus by announcing a country-wide lockdown, which has directly impacted the growth of industrial sectors. The various end-use sectors have been hit hard by the pandemic, impacting the consumption of metal-coated fibers. Moreover, the largest concentration of the fiber optics supply chain can be found in Wuhan, China. It is home to many companies, which together comprise 25% of the global optical fiber production capacity. The supply of optical fibers has been disrupted due to the citywide quarantine in Wuhan. However, various countries have restarted their business activities. With this, the demand for metal-coated fibers will improve in the coming months.
The freezing method segment held the largest share of the market in 2021. The freezing method is one of the most widely used coating method. This freezing method provides fiber strength twice as high as that of polymer-coated fibers.
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The copper segment is the fastest-growing segment in the global metal-coated fibers market during the forecasted period. Copper is one of the most used fiber coating materials. They are used in various applications such as high-temperature environments, the oil & gas industry, medical applications, etc.
The medical segment is the fastest-growing segment in the global metal-coated fibers market during the forecasted period. In the medical industry, metal coated fibers are used in applications such as plasma diagnostic systems in thermonuclear reactors and image guides for visual inspection of nuclear installations
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