Report : Europe Metal Coated Fiber Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material (Aluminum, Copper, Nickel, and Others), Coating Method (Freezing Method, Electroplating, Electroless Plating, and Others), and End User Industry (Oil and Gas, Defense and Aerospace, Medical, Telecommunication and Data Centers, Research & Development, and Others)
Freezing Method Segment to Dominate Europe Metal Coated Fiber Market during 2021–2028
According to a new market research study on “Europe Metal Coated Fiber Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Material, Coating Method, and End User” is expected to reach US$ 24.92 million by 2028 from US$ 14.38 million in 2021. The market is estimated to grow at a CAGR of 8.2% from 2021 to 2028. The report provides trends prevailing in the Europe metal coated fiber market along with the drivers and restraints pertaining to the market growth. Increasing requirement from defense, aerospace, and medical industries is the major factor driving the growth of the Europe metal coated fiber market. However, issues associated with the high cost of metal-coated fibers issues hinder the growth of Europe metal coated fiber market.
The Europe metal coated fiber market is segmented into material, coating method, end user, and country. Based on material, the Europe metal coated fiber memory market is segmented into aluminum, copper, nickel, and others. The aluminum segment dominated the market in 2020 and copper segment is expected to be the fastest growing during the forecast period. Based on coating method, the Europe metal coated fiber memory market is segmented into freezing method, electroplating, electroless plating, and others. The freezing method segment dominated the market in 2020 and segment is expected to be the fastest growing during the forecast period. Based on end user, the Europe metal coated fiber memory market is segmented into oil and gas, defense and aerospace, medical, telecommunication and data centers, research & development, and others. The freezing method segment dominated the market in 2020 and segment is expected to be the fastest growing during the forecast period .Based on country, Europe metal coated fiber market is classified into Germany, France, Italy, UK, Russia, and Rest of Europe.
In Europe, France, UK, and Russia are among the worst-impacted countries by the COVID-19 pandemic. The massive outbreak of the pandemic has created a temporary distortion in operation efficiencies of industries in the European region. The market for metal coated fibers has been impacted due to disruptions in the supply chain. Telecom networks have seen increased loads due to pandemic-related phenomena. The demand for fiber optic cable has increased during the pandemic due to the increased demand for broadband capacity spurred by the COVID-19 pandemic. Oil and gas, etc. industries have been impacted due to the pandemic thus impacting metal coated fibers demand. However, the various industries are regaining pre covid level status, and are expected to further improve in the forth coming months.
AFL; AMS Technologies; Arts Photonics GMBH; FORC- Photonics; Heracle GMBH; Molex,LLC (Koch Industries, Inc.); OZ Optics Ltd.; Technical Fiber Products; and Thorlabs, Inc. are among the leading companies in the Europe metal coated fiber market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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