The global conductive fibers market is experiencing a remarkable surge, set to surpass US$ 1.8 billion in sales for 2022 and anticipated to reach an impressive US$ 4.9 billion by 2031, showcasing an 11.6% compound annual growth rate. This exponential growth primarily stems from the escalating demand for these fibers, attributed to their pivotal role in electromagnetic shielding.
With the pervasive use of smartphones, smartwatches, and a myriad of electronic devices contributing to increased electromagnetic pollution, conductive fibers have become indispensable in addressing these challenges, driving their widespread adoption and market expansion.
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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 11.6% 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 conductive fibers market operates within the inner circle of the environmental norms, graphene has been emerging as cost-effective, compatible, and environmental-benign coating for the development of e-textiles.
Opportunities abound for conductive fibers manufacturers in 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.
Conductive Fibers Market – Vendor Insights
Some of the leading players in the conductive fibers market encompass Toray Industries, Kuraray Co. Ltd., NV Bekaert SA, Seiren Co. Ltd., William Barnet & Son LLC, Ascend Performance Materials LLC, Perlon Group, Ronda Industrial Belts Technology Ltd., Swicofil, and Syscom Advanced Materials.
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 the degree of fragmentation with large number of players striving towards acquiring high market share.
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Conductive Fibers Market – Key Segment
By Reinforced Material
- Copper
- Carbon
- Nickel
- Lead
- Silver
- Others
By Application
- Non-Woven
- Woven
- Knitted
By End Use
- Military & Defense
- Aerospace & Aviation
- Sports & Fitness
- Consumer Electronics
- Protection & Safety
- Fashion & Entertainment
- Transportation
- Architecture
- Industrial Belts
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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