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Nickel Coated Fibers Market

Nickel Coated Fibers Market

Nickel Coated Fibers Market Analysis By Base Fiber (Carbon Fiber, Aramid, Biomid), By Application (EMI/EDS Shielding, Radio Frequency Interference), By Coating Method (Electroplating, Electroless Plating), By End Use - Global Forecast 2022-2032

Nickel Coated Fibers Market
FACT7521MR

Nickel Coated Fibers Market Outlook (2022-2032)

Newly-released data on the global nickel coated fibers market by Fact.MR reveals that the global market experienced year-on-year (YoY) growth of 7.2% to reach a market size of US$ 14.3 million at the end of 2021.

Demand for carbon fiber, as a base fiber, increased 7.6% to reach US$ 10.3 million in 2021. Consumption of nickel-coated fibers in the electronics and telecommunications industry was also up by 8.3% to reach US$ 5.6 million by 2021-end.

Report Attributes

Details

Nickel Coated Fibers Market Size (2021A)

US$ 14.3 Million

Estimated Market Value (2022E)

US$ 15.4 Million

Forecasted Market Value (2032F)

US$ 36.7 Million

Global Market Growth Rate (2022-2032)

CAGR 9%

North America Market Share (2021)

~24.7%

North America Market Growth Rate (2022-2032)

9.6% CAGR

U.S. Market Growth Rate (2022-2032)

9.7% CAGR

Market Share of Top 3 Companies

~76.2%

Key Companies Profiled

  • Stanford Advanced Materials
  • James Cropper PLC
  • Conductive Composites
  • Teijin (Toho Tenax Co. Ltd.)

As per the latest analysis by Fact.MR, the global nickel coated fibers market is projected to touch US$ 36.7 million by 2032-end. Worldwide nickel coated fiber demand is predicted to surge at around 9% through 2032.

Nickel coated fibers combine low density, great strength, durability, and conductivity in a single package. Nickel plated carbon fiber composites are widely employed in commercial and defense applications because of their strength and weight, and the existing nickel coating of carbon fiber manufacturing technique adds electrical and shielding capabilities, resulting in a multifunctional materials system.

Nickel coated fibers use carbon fiber, biomed and aramid as a base fiber, and this allows users to choose the base fiber that suits their end-use application the best. Demand for carbon fiber as a base fiber will continue to rise during the forecast period at a CAGR of 9.6%.

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Consumption Analysis of Nickel Coated Fibers (2017-2021) Vs. Market Forecast Outlook (2022-2032)

As per the latest market analysis by Fact.MR, a market research and competitive intelligence provider, the market value for nickel coated fibers increased at a CAGR of around 6.5% during the last five years.

Nickel particles were coated on carbon fiber (CF) at varying coating durations using a simple electroless coating process for advanced structural applications, over the past decade or so. Recently, this has been adopted on a much larger scale. Nickel plating improves the resistance of fiber to high temperatures and radiation. Optical fiber requires a metal coating to protect it from damage.

As a result, demand for nickel coated fibers, which find usage across diverse end-use verticals, is poised to reach US$ 36.7 million by 2032 as compared to US$ 14.3 million at the end of 2021.

Nickel coated fibers market forecast by Fact.MR

Why are Sales of Nickel Coated Fibers Set to Surge Going Forward?

“High Demand for Metal Coated Fibers”

There is huge demand for nickel coated fibers because of the growing preference for metal-coated fibers in comparison to polymer-coated fibers for EMI shielding and sensing at higher temperatures.

Polymer-coated fibers are difficult to use in high-temperature conditions. They can thermally degrade when the temperature rises to 350 degrees Celsius. In such conditions, metal coated fibers are more desirable. Metal coating is also able to resist high-power laser radiation and other harsh environments. Compared to polymer coatings, nickel coatings are more suitable for protecting fiber surfaces, avoiding damage, and improving sensing capability.

“Rising Need for Medical Fiber Optics”

High efficiency and precision needed for various processes in the medical industry such as endoscopic placement, robotic surgery, vascular procedures and detection, biosensing, precision biopsy, etc., requires a device.

Growing interest in low-cost, invasive medical procedures has created immense opportunities in the medical fiber optic market. This will increase the demand for metal-coated fibers. Other well-known treatments that use coated fiber optics include laser ablation of the prostate, photodynamic therapy, and tumour destruction.

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Country-Wise Analysis

Why is Germany a Leading Nickel-Coated Fibers Market in Europe?

Several industries in Germany, especially the automotive industry, account for high demand for metal coated fibers. This is majorly due to the shift taking place in the automobile industry from ICE vehicles to electric vehicles.

Electric vehicles need lightweight materials to improve fuel efficiency and performance. The metal-coated fibers market in Germany has also been considerably driven by steady growth in the aerospace & defense, medical, and other industries in the country.

The burden on telecom networks has increased as a result of pandemic-related events. Increased demand for broadband capacity caused by the COVID-19 pandemic drove the consumption of fiber optic cables.

The European market is anticipated to expand at a CAGR of 9% during the forecast period of 2022-2032 to reach US$ 10.2 million, with the Germany nickel coated fiber market set to expand even faster at a CAGR of 10.8%, with its market valuation predicted to increase 2.8X its current valuation by 2032.

Why are Nickel Coated Fiber Producers Targeting India?

The telecom ministry in India announced the launch of 5G services in the country in 2022. Setting up fiber networks (already in process) for 5G is creating revolutionary demand for metal-coated fibers. As demand grows from the telecom sector, demand for optical fibers (coated with metal) will also grow.

Around 500 million km of optical fiber is manufactured every year. It is impossible to imagine today’s world without it. Optical fiber is the most demanded medium for current wireless backhaul networks, resulting in growing demand for the same, and consequently, growing demand for nickel coated fibers.

Apart from these, due to rapid industrialization and being a developing economy, several industries are growing at a rapid pace, especially aerospace and defense, automotive, etc. Growing per capita income is driving high demand for vehicles. Building strong self-defence networks across the borders is driving demand for armours and other materials used in the defense industry. All these factors are driving demand for nickel coated fibers.

Category-Wise Analysis

Where is Nickel Coated Fiber Usage the Highest?

Demand for shielding products is rising rapidly. Adding a coating of nickel/metal on fibers is one of the secondary processing methods to add EMI shielding to moulded parts/fibers. EMI shielding serves the purpose of absorbing electromagnetic radiation due to the use of materials placed in the path of electromagnetic interference. In addition, increasing adoption of electric vehicles is expected to create significant opportunities for the EMI shield market over the coming years.

There are various applications where nickel coated fibers can be used for protection from radiofrequency interference, EDS (electrostatic discharge), and EMI (electromagnetic interference). Nickel coating makes the fiber more resistant to high temperatures and outside radiation.

The EMI / EDS shielding application of nickel coated fibers is anticipated to register a CAGR of 9.6% during the forecasted period (2022-2032).

Will Product Demand from the Automotive Industry Remain High?

The rapidly growing automotive industry is now leading global markets, holding more than 23.3% revenue of the nickel coated fibers market in 2021.

Strict government policies are compelling automotive manufacturers to choose lightweight materials in vehicle manufacturing and raise the fuel efficiency of their vehicles. Nickel coated fibers are used in making various parts of vehicles, as they are light in weight.

Out of the applications considered in the scope of the study, demand from the automotive industry is anticipated to surge at the highest CAGR of 9.2% to reach a market valuation of US$ 8.7 Million by the end of 2032.

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Competition Landscape

Stanford Advanced Materials, James Cropper PLC, Conductive Composites, and Teijin (Toho Tenax Co. Ltd.) are leading nickel coated fiber manufacturers in the world.

Fact.MR has provided detailed information about the various strategies being employed by different players operating in the nickel coated fibers market. It has also provided a detailed sales analysis of nickel coated carbon fibers, top nickel coated fiber manufacturers, top carbon fiber nickel coated fiber suppliers, including SWOT analysis and sales generated by top nickel coated fiber manufacturers positioned across geographies.

Key Segments of Nickel Coated Fibers Industry Research

  • Nickel Coated Fibers Market by Base Fiber :

    • Carbon Fiber
    • Aramid
    • Biomid
  • Nickel Coated Fibers Market by Application :

    • EMI / EDS Shielding
    • Radio Frequency Interference
  • Nickel Coated Fibers Market by Coating Method :

    • Electroplating
    • Electroless Plating
    • Others
  • Nickel Coated Fibers Market by End Use :

    • Aerospace & Defense
    • Electronics & Telecommunication
    • Automotive Industry
    • Medical Industry
    • Others
  • Nickel Coated Fibers Market by Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South East Asia & Oceania
    • Middle East & Africa

- FAQs -

Currently, the global nickel coated fibers market stands at US$ 15.4 billion in 2022.
Consumption of nickel coated fibers is set to increase at 9% CAGR through 2032.
Worldwide sales of nickel coated fibers increased at 6.5% CAGR between 2017 and 2021.
Stanford Advanced Materials, James Cropper PLC, Conductive Composites, and Teijin (Toho Tenax Co. Ltd.) are key manufacturers of nickel coated fibers.
R&D and forward contracts with end-use industries have been the key strategies to ensure regular sales in this highly competitive market.
North America is estimated to hold around 30.2% share of the global nickel coated fibers market.

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