Metal Replacement Market is Projected to Witness a Steady Growth by 2026
Global Metal Replacement Market was valued US$ 98 Bn in 2017 and is anticipated to reach US$ 184 Bn by 2026 at a CAGR of about 8.19 % during a forecast period.
Global Metal Replacement market is segmented by type, by end-use industry and by region. Metal Replacement market is segmented into Engineering Plastics and Composites. Automotive, Aerospace & Defence, Construction, Healthcare, Others are end-use industry segment of Metal Replacement market. Geographically the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
The replacement of metal with engineering plastic or composites to create lighter, cheaper and efficient product is called as metal replacement. Various modified plastics such as glass fiber reinforced plastic, carbon fiber modified plastic, polyamide, polycarbonate etc. are used in different industries to provide better feature to the product.
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Strong End-Use Industry outlook of engineering plastics in construction and automobile sector due to their durability, low densities and designing flexibility may stimulate industry growth. Polycarbonates, polyamides, acrylonitrile butadiene styrene (ABS), polyphenylene ether, polysulphone and thermoplastic polyesters are some of the prominently used engineering plastics.
The automotive industry offers maximum market potential in the global metal replacement market, due to rapid developments and advancements in the technologies adopted in the production of vehicle parts. Moreover, rise in the standard of living boosts the need for metal replacement in the construction industry.
Asia Pacific region, driven by India, Japan and China metal replacement market may grow significantly over the forecast period. Increasing investments in automobile and construction industries may favor product demand. Strong End-Use Industry scope in petrochemicals, electrical & electronics, packaging and chemicals may fuel engineering plastics demand thereby driving metal replacement market size in the region.
SGL-Group, Solvay SA, Celanese Corporation, Owens Corning Corporation, Toray Industries, Inc., BASF SE, Jushi Group, LG Chem Ltd. COVESTRO and SAINT-GOBAIN are the key players included in the Global Metal Replacement market.
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The Scope of Global Metal Replacement Market:
Global Metal Replacement Market by Type:
• Engineering Plastics
• Composites
Global Metal Replacement Market by End-Use Industry:
• Automotive
• Aerospace & Defence
• Construction
• Healthcare
• Others
Global Metal Replacement Market by Region:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key Player Analysed in the Global Metal Replacement Market Report:
• SGL-Group
• Solvay SA
• Celanese Corporation
• Owens Corning Corporation
• Toray Industries Inc.
• BASF SE
• Jushi Group
• LG Chem Ltd.
• COVESTRO
• SAINT-GOBAIN
MAJOR TOC OF THE REPORT
Chapter One: Metal Replacement Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Metal Replacement Market Competition, by Players
Chapter Four: Global Metal Replacement Market Size by Regions
Chapter Five: North America Metal Replacement Revenue by Countries
Chapter Six: Europe Metal Replacement Revenue by Countries
Chapter Seven: Asia-Pacific Metal Replacement Revenue by Countries
Chapter Eight: South America Metal Replacement Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Metal Replacement by Countries
Chapter Ten: Global Metal Replacement Market Segment by Type
Chapter Eleven: Global Metal Replacement Market Segment by Application
Chapter Twelve: Global Metal Replacement Market Size Forecast (2019-2026)
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