Principally the conductive fibers market is subjected to be driven by the growing demand and popularity of high-tech smart wearables in various sectors including healthcare, military, and fitness.
Conductive fibers recorded a volume sale of approximately 42 thousand tons, equating to a value of US$ 1.2 billion in 2022. As per the insights culled by the latest report of Future Market Insights (FMI), the global conductive fibers market is likely to spectate high growth throughout the forecast period, driven by a plethora of factors.
The growth in sales can be attributed to the increasing use of conductive fibers in electromagnetic shielding, in light of growing electromagnetic pollution with the near-ubiquitous use of smartphones, smartwatches, and similar electronic devices.
“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”.
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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% 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 environmental-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 by Category
By Reinforced Material:
By Application:
By Base Material:
By End Use
By Region:
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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 a degree of fragmentation with a large number of players striving to acquire a high market share.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Apr 27, 2023
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