Frequently Asked Questions
The global nickel-coated fiber market was valued at USD 50.4 Million in 2022.
The nickel-coated fiber market is expected to grow at a CAGR of 7.10% between 2023 and 2030, reaching USD 81.46 Million in 2030.
99.8% nickel Coated is the leading segment by product, holding over 43% share in terms of value in 2022.
The electroless plating segment governs the demand for nickel-coated fibers in the world, holding a massive share of over 80% in 2022.
The aerospace segment is expected to post the highest CAGR during the forecast period.
Asia Pacific is fueling the growth of the nickel-coated fiber industry, with over one-third share in 2022.
The top players include Nippon Graphite, Teijin Limited, Imerys SA, Tokai Carbon Company, Nantong Yangtze, Mitsubishi Chemical, Hexcel Corporation, Hitachi Ltd., Mersen, and Skaland Graphite AS.
The major market drivers are the increased use of coated fibers in the oil and gas, defense, and aerospace industries.
Nickel is a pricey metal; therefore, coating fibers with it can be costly. This may make nickel-coated fibers less cost-effective than other materials for various applications. These are the major market restraints.
nickel-coated fibers for use in antennas and other electronic components are anticipated to have a greater opportunity with the rollout of 5G technology. These are the major opportunities in the nickel-coated fiber industry.