Sales in the global conductive fibers industry are slated to top US$ 1.8 Billion in 2022. The market is expected to be worth US$ 4.9 billion by 2031, growing at a high 11.6% CAGR.
Conductive fibers are novel materials that have embedded conductive elements, which are frequently metallic or carbon-based and aid in the conduction of electricity. These fibers have numerous applications, ranging from smart textiles with sensors and heating elements to wearable technology such as fitness trackers. They are also employed in the aerospace and medical fields. Conductive fibers allow for the seamless embedding of electronics into garments, transforming how we interact with and wear technology in our everyday lives.
Conductive fibers sold around 42 thousand tons in 2022, for a total value of US$ 1.8 billion. According to the recent Future Market Insights (FMI) report, the global Conductive Fibers Market is expected to grow rapidly over the projected period, owing to a variety of factors.
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The increase in sales can be ascribed to the rising use of conductive fibers in electromagnetic shielding, as electromagnetic pollution has increased due to the near-ubiquitous use of smartphones, smartwatches, and other electronic gadgets.
“Adoption of conductive fibers continues to face technical and commercial challenges w.r.t the sensor size on the technical front and limited awareness on the commercial front. Manufacturers prioritizing their investments in industry-specific development of conductive fiber are likely to add new application dimensions and revenue channels to the market, finds FMI’s report”
Copper over Silver – The Base Material Shift to Look Out for
Future Market Insights study identifies that the conductive fibers market is anticipated to grow at a CAGR of approximately 11% through 2031. Manufacturers are shifting away from cotton and wool towards nylon and polyester materials, owing to the growing consumers’ proclivity for synthetic fibers.
The study finds that as the conductive fibers market operates within the inner circle of environmental norms, graphene has been emerging as a cost-effective, compatible, and environmentally benign coating for the development of e-textiles.
Opportunities abound for conductive fibers manufacturers in the Asia Pacific as identified by FMI’s report with the establishment of manufacturing facilities of industries in developing countries such as India and China. Growing investments in the military & defense and aviation & aerospace sectors are likely to navigate the conductive fibers market to lucrative lanes as demand for tech togs and wearable electronics has been on a surge to beat harsh environmental conditions.
However, intense focus on revamping the legacy military and defense infrastructure and a quest for technologically-forward equipment for army personnel has been channelizing high investments in the conductive fibers market in North America.
The study points towards the evolving preferences of end-use industries for comfortable plus cost-effective textiles, which has been instigating a shift of manufacturers towards the integration of copper from silver in electronic circuits. The report opines that silver being a rare material is cost-prohibitive in nature, which makes copper a suitable material for the development of conductive fibers.
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Conductive Fibers Market – Vendor Insights
These players are focusing on expanding their business by marking their presence in overseas territories. In addition, manufacturers are seen working towards the expansion of their product portfolios by introducing feature-rich conductive fibers. As the study finds, the global conductive fibers market operates under a degree of fragmentation with a large number of players striving to acquire a high market share.
Key Companies Profiled
- NV Bekaert SA
- Seiren Co. Ltd.
- Toray Industries
- Kuraray Co Ltd.
- Eeonyx Corporation
- KGS Diamond
- Syscom Advanced Materials, Inc.
- Ascend Performance Materials LLC
- Ronda Industrial Belts Technology Limited
- W. ZIMMERMANN GMBH & CO. KG
- PERLON Group
- William Barnet & Son, LLC
- Swicofil AG
Key Segmentation
By Reinforced Material:
- Copper
- Carbon
- Nickel
- Lead
- Silver
- Others
By Application:
- Non-Woven
- Woven
- Knitted
By Base Material:
- Cotton
- Nylon
- Polyester
- Wool
- Polyamide
- Others
By End Use
- Military & Defense
- Aerospace & Aviation
- Sports & Fitness
- Consumer Electronics
- Protection & Safety
- Fashion & Entertainment
- Transportation
- Architecture
- Industrial Belts
By Region:
- North America
- Latin America
- Europe
- Oceania
- East Asia
- South Asia
- Middle East & Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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