Europe remained an important market for nickel-coated fibers, with Germany being the largest consumer in the region, mainly due to its huge automotive industry
USA, Rockville MD, June 29, 2022 (GLOBE NEWSWIRE) — According to Fact.MR, a market research and competitive intelligence provider, the global nickel coated fiber market is valued at $15.4 billion US and is expected to climb at 9% CAGR through 2032. Market growth is mainly supported by growing demand from the telecommunications and automotive sectors.
Request for nickel-plated optics fibers is increasing, mainly in the electronics and telecommunications industries of developing countries. The telecommunications sector continued to expand its network capacity by deploying more fiber optic networks and wireless networks to meet the growing demand for 5G networks.
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The demand for fiber optic networks is growing rapidly as the choice of high-quality communications and Internet services offered by telecommunications, cable and wireless, and satellite Internet service providers continues to expand.
The market is made up of a small number of major players operating globally. Leading manufacturers continuously invest in research and development to develop new products and in expanding capacity through acquisitions to meet the growing demand for nickel coated fibers from various industries.
• For example, Toho Tenax, based on a joint agreement with Airbus, has developed a range of carbon fiber materials to meet Airbus requirements for lightweight products to improve the energy efficiency of its planes.
Where is nickel coated Fiber Highest usage?
The demand for armor products is growing rapidly. Adding nickel/metal coating on fibers is one of the secondary processing methods to add EMI shielding to molded parts/fibers. EMI shielding serves to absorb electromagnetic radiation due to the use of materials placed in the path of electromagnetic interference. Additionally, the growing 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 against radio frequency interference, EDS (electrostatic discharge) and EMI (electromagnetic interference). The nickel coating makes the fiber more resistant to high temperatures and external radiation.
The EMI/EDS shielding application of nickel coated fibers is expected to register a CAGR of 9.6% during the forecast period (2022-2032).
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Key segments covered by the Nickel coated fibers Industry survey
End users such as the telecommunications, automotive, and aerospace industries enter into research and development collaborations with manufacturers to develop and customize products to their needs.
Manufacturers need to increase capacity, focus on sustainability, and aim to deliver innovative products tailored to the customized needs of multiple end-user industries.
Stanford Advanced Materials, James Cropper PLC, Conductive Composites and Teijin (Toho Tenax Co. Ltd.) are the leading manufacturers of nickel coated fibers in the world.
Fact.MR has provided in-depth information regarding the various strategies employed by the various players operating in the Nickel Coated Fibers market. It also provided detailed analysis of Nickel Coated Carbon Fiber sales, key Nickel Coated Fiber manufacturers, key Carbon Fiber Nickel Coated Fiber suppliers including SWOT analysis and sales generated by leading manufacturers of nickel-coated fibers positioned in all geographies.
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The key players in the Nickel coated fibers Market
Main takeaways from Nickel coated fibers Market research
Per basic fiber, the carbon fiber segment is expected to create an absolute dollar opportunity of US$17.6 million over the forecast period (2022-2032).
By type of application, EMI/EDS shielding accounted for 63% market share in 2022.
Among end-uses, demand from the electronics and telecommunications sector is expected to increase by 2.7 times its market value by 2032.
Europe is expected to hold around 28% of the global nickel coated fiber market share by 2032.
East Asia is expected to create an absolute dollar opportunity of US$4.9 million by 2032.
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