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DUBAI, United Arab Emirates, Jan. 21, 2022 (GLOBE NEWSWIRE) — Sales in the global conductive fibers market are slated to top US$ 1.8 Bn in 2022. Expanding at a healthy 11.6% CAGR, the market size is projected to total US$ 4.9 Bn by 2031.
Conductive fibers recorded a volume sales of approximately 42 thousand tons, equating a value of US$ 1.8 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 over the course of the forecast period, driven by a plethora of factors.
| Attribute | Details |
| Conductive Fibers Market Estimated Size 2022 | US$ 1.8 Bn |
| Conductive Fibers Market Value-based CAGR (2022-2031) | ~11.6% |
| Conductive Fibers Market Size in Projected 2031 | US$ 4.9 Bn |
Request a report sample to gain comprehensive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-10080
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, smart watches, and similar electronic devices.
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…
Full story available on Benzinga.com
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