Today's News Releases
| Submit Press Release
| Submit Website
(IndustryNews247.Com, December 11, 2019 ) The report "Metal Replacement Market by End-Use Industry (Automotive, Aerospace & Defense, Construction, Healthcare, Others), Type (Engineering Plastics, Composites), and Region - Global Forecast to 2021", The metal replacement market is projected to reach USD 159.82 Billion by 2021, at a CAGR of 9.2% from 2016 to 2021. This growth is mainly attributed to the increasing demand for metal replacing materials from the automotive, aerospace & defense, and construction industries worldwide.
Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=87266199
Automotive end-use industry segment to lead the metal replacement market by 2021
Automotive was the largest end-use industry segment of the global metal replacement market in 2015. The large share is attributed to the extensive use of metal replacing materials in the automotive industry, such as in the manufacturing of connectors, under-the-hood components, body parts, and reflectors & lighting sockets, among others. Metal replacing materials are used in light automobiles as well as heavy transportation vehicles. The automotive industry is growing globally. According to the OICA correspondents survey, 90.78 billion vehicles were produced in 2015.
Engineering plastics type segment to lead the metal replacement market by 2021
By type, the engineering plastics segment accounted for the largest share of the metal replacement market in 2016. This large share is mainly attributed to better corrosion resistance, thermal resistance, and cost effectiveness of engineering plastics. Some of the most famous engineering plastics include polycarbonates (PC), acrylonitrile butadiene styrene (ABS), polyamides (PA), thermoplastic polyesters (PET & PBT), polyacetals, fluoropolymers, and others. Others include engineering plastics such as polyphenylene sulfide (PPS), polyphenylene ether (PPE), polysulphone (PSU), and poly methyl methacrylate (PMMA). Acrylonitrile butadiene styrene (ABS) is expected to lead the engineering plastics segment of the metal replacement market by 2021, owing to better corrosion resistance, better thermal resistance, and easy availability.
Don't miss out on business opportunities in Metal Replacement Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=87266199
Browse in-depth TOC on “Metal Replacement Market”
108 - Market Data Tables
50 - Figures
161 - Pages
Asia-Pacific to lead the global metal replacement market during the forecast period
Asia-Pacific accounted for the largest share of the global metal replacement market in 2015, followed by Europe and North America. China is one of the major consumers of metal replacing materials in the Asia-Pacific region. Increasing investments by leading automobile manufacturers in the Asia-Pacific region, and the rising demand for metal replacing materials from the construction sector are factors propelling the growth of the Asia-Pacific metal replacement market.
Major market players covered in this report include Solvay SA (Belgium), SGL-Group (Germany), Owens Corning Corporation (U.S.), Celanese Corporation (U.S.), BASF SE (Germany), Toray Industries, Inc. (U.S.), and Jushi Group (China).
Get this report @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=87266199
• CF CFRP Market
• Engineering Plastics Market
• GFRP Composites Market
Get Special Pricing on Bundle Reports: https://www.marketsandmarkets.com/RequestBundleReport.asp?id=87266199
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
Industrial News TV