Metal Replacement Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

The metal replacement refers to the replacing metals with engineered plastics or composite polymer materials in major end-use applications. Metal replacement accompanies with it various useful attributes including lightweight, cost-effective, and efficient outputs. Products made of engineered plastics and composites are relatively easier to process, lighter, and available in more complex shapes. Today, plastics are used in various applications ranging from toys, grocery bags, and other consumer products to high-end aerospace and military applications.

MARKET DYNAMICS

The metal replacement market is anticipated to grow in the forecast period owing to driving factors such as increasing demand for lightweight materials coupled with rising demands for cost-effective and efficient lightweight vehicles. Moreover, metal replacements with engineered plastics in end-use industries such as construction, aviation, and healthcare further fuel the growth of the metal replacement market. However, the high cost of materials restricts the growth of the metal replacement market. Nonetheless, growing construction and automotive industry in developing countries offer lucrative opportunities for the metal replacement market players during the forecast period.

MARKET SCOPE

The "Global Metal Replacement Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of metal replacement market with detailed market segmentation by type, end-use industry, and geography. The global metal replacement market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading metal replacement market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global metal replacement market is segmented on the basis of type and end-use industry. Based on type, the market is segmented into engineering plastics and composites. Engineering plastics are further classified into polycarbonates (PCS), acrylonitrile butadiene styrene (ABS), polyamides (PAS), thermoplastic polyesters, polyacetals, fluoropolymers, and others. On the other hand, composites are sub segmented as glass fiber reinforced plastics, carbon fiber reinforced plastics, and others. On the basis of the end-use industry, the market is segmented as automotive, aerospace & defense, construction, packaging, consumer goods, healthcare, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global metal replacement market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The metal replacement market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting metal replacement market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the metal replacement market in these regions.

MARKET PLAYERS

The reports cover key developments in the metal replacement market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from metal replacement market are anticipated to lucrative growth opportunities in the future with the rising demand for metal replacement in the global market. Below mentioned is the list of few companies engaged in the metal replacement market.

The report also includes the profiles of key metal replacement companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

• BASF SE
• Celanese Corporation
• E. I. du Pont de Nemours and Company
• Jushi Group Co., Ltd
• LG Chem, Ltd.
• Owens Corning
• Saint-Gobain
• SGL Carbon SE
• Solvay SA
• Toray Industries, Inc.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Metal Replacement Report Scope