Metal Replacement Market Dynamics 2021-2031
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 FRAMEWORKThe 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.
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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 PLAYERSThe 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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Metal Replacement Market - By Type
1.3.2 Metal Replacement Market - By End-Use Industry
1.3.3 Metal Replacement Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. METAL REPLACEMENT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. METAL REPLACEMENT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. METAL REPLACEMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. METAL REPLACEMENT - GLOBAL MARKET OVERVIEW
6.2. METAL REPLACEMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. METAL REPLACEMENT MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ENGINEERING PLASTICS
7.3.1. Overview
7.3.2. Engineering Plastics Market Forecast and Analysis
7.3.3. Polycarbonates (PCS) Market
7.3.3.1. Overview
7.3.3.2. Polycarbonates (PCS) Market Forecast and Analysis
7.3.4. Acrylonitrile Butadiene Styrene (ABS) Market
7.3.4.1. Overview
7.3.4.2. Acrylonitrile Butadiene Styrene (ABS) Market Forecast and Analysis
7.3.5. Polyamides (PAS) Market
7.3.5.1. Overview
7.3.5.2. Polyamides (PAS) Market Forecast and Analysis
7.3.6. Thermoplastic Polyesters Market
7.3.6.1. Overview
7.3.6.2. Thermoplastic Polyesters Market Forecast and Analysis
7.3.7. Polyacetals Market
7.3.7.1. Overview
7.3.7.2. Polyacetals Market Forecast and Analysis
7.3.8. Fluoropolymers Market
7.3.8.1. Overview
7.3.8.2. Fluoropolymers Market Forecast and Analysis
7.3.9. Others Market
7.3.9.1. Overview
7.3.9.2. Others Market Forecast and Analysis
7.4. COMPOSITES
7.4.1. Overview
7.4.2. Composites Market Forecast and Analysis
7.4.3. Glass Fiber Reinforced Plastics Market
7.4.3.1. Overview
7.4.3.2. Glass Fiber Reinforced Plastics Market Forecast and Analysis
7.4.4. Carbon Fiber Reinforced Plastics Market
7.4.4.1. Overview
7.4.4.2. Carbon Fiber Reinforced Plastics Market Forecast and Analysis
7.4.5. Others Market
7.4.5.1. Overview
7.4.5.2. Others Market Forecast and Analysis
8. METAL REPLACEMENT MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
8.1. OVERVIEW
8.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. AUTOMOTIVE
8.3.1. Overview
8.3.2. Automotive Market Forecast and Analysis
8.4. AEROSPACE AND DEFENSE
8.4.1. Overview
8.4.2. Aerospace and Defense Market Forecast and Analysis
8.5. CONSTRUCTION
8.5.1. Overview
8.5.2. Construction Market Forecast and Analysis
8.6. PACKAGING
8.6.1. Overview
8.6.2. Packaging Market Forecast and Analysis
8.7. CONSUMER GOODS
8.7.1. Overview
8.7.2. Consumer Goods Market Forecast and Analysis
8.8. HEALTHCARE
8.8.1. Overview
8.8.2. Healthcare Market Forecast and Analysis
8.9. OTHERS
8.9.1. Overview
8.9.2. Others Market Forecast and Analysis
9. METAL REPLACEMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Metal Replacement Market Overview
9.1.2 North America Metal Replacement Market Forecasts and Analysis
9.1.3 North America Metal Replacement Market Forecasts and Analysis - By Type
9.1.4 North America Metal Replacement Market Forecasts and Analysis - By End-Use Industry
9.1.5 North America Metal Replacement Market Forecasts and Analysis - By Countries
9.1.5.1 United States Metal Replacement Market
9.1.5.1.1 United States Metal Replacement Market by Type
9.1.5.1.2 United States Metal Replacement Market by End-Use Industry
9.1.5.2 Canada Metal Replacement Market
9.1.5.2.1 Canada Metal Replacement Market by Type
9.1.5.2.2 Canada Metal Replacement Market by End-Use Industry
9.1.5.3 Mexico Metal Replacement Market
9.1.5.3.1 Mexico Metal Replacement Market by Type
9.1.5.3.2 Mexico Metal Replacement Market by End-Use Industry
9.2. EUROPE
9.2.1 Europe Metal Replacement Market Overview
9.2.2 Europe Metal Replacement Market Forecasts and Analysis
9.2.3 Europe Metal Replacement Market Forecasts and Analysis - By Type
9.2.4 Europe Metal Replacement Market Forecasts and Analysis - By End-Use Industry
9.2.5 Europe Metal Replacement Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Metal Replacement Market
9.2.5.1.1 Germany Metal Replacement Market by Type
9.2.5.1.2 Germany Metal Replacement Market by End-Use Industry
9.2.5.2 France Metal Replacement Market
9.2.5.2.1 France Metal Replacement Market by Type
9.2.5.2.2 France Metal Replacement Market by End-Use Industry
9.2.5.3 Italy Metal Replacement Market
9.2.5.3.1 Italy Metal Replacement Market by Type
9.2.5.3.2 Italy Metal Replacement Market by End-Use Industry
9.2.5.4 United Kingdom Metal Replacement Market
9.2.5.4.1 United Kingdom Metal Replacement Market by Type
9.2.5.4.2 United Kingdom Metal Replacement Market by End-Use Industry
9.2.5.5 Russia Metal Replacement Market
9.2.5.5.1 Russia Metal Replacement Market by Type
9.2.5.5.2 Russia Metal Replacement Market by End-Use Industry
9.2.5.6 Rest of Europe Metal Replacement Market
9.2.5.6.1 Rest of Europe Metal Replacement Market by Type
9.2.5.6.2 Rest of Europe Metal Replacement Market by End-Use Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Metal Replacement Market Overview
9.3.2 Asia-Pacific Metal Replacement Market Forecasts and Analysis
9.3.3 Asia-Pacific Metal Replacement Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Metal Replacement Market Forecasts and Analysis - By End-Use Industry
9.3.5 Asia-Pacific Metal Replacement Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Metal Replacement Market
9.3.5.1.1 Australia Metal Replacement Market by Type
9.3.5.1.2 Australia Metal Replacement Market by End-Use Industry
9.3.5.2 China Metal Replacement Market
9.3.5.2.1 China Metal Replacement Market by Type
9.3.5.2.2 China Metal Replacement Market by End-Use Industry
9.3.5.3 India Metal Replacement Market
9.3.5.3.1 India Metal Replacement Market by Type
9.3.5.3.2 India Metal Replacement Market by End-Use Industry
9.3.5.4 Japan Metal Replacement Market
9.3.5.4.1 Japan Metal Replacement Market by Type
9.3.5.4.2 Japan Metal Replacement Market by End-Use Industry
9.3.5.5 South Korea Metal Replacement Market
9.3.5.5.1 South Korea Metal Replacement Market by Type
9.3.5.5.2 South Korea Metal Replacement Market by End-Use Industry
9.3.5.6 Rest of Asia-Pacific Metal Replacement Market
9.3.5.6.1 Rest of Asia-Pacific Metal Replacement Market by Type
9.3.5.6.2 Rest of Asia-Pacific Metal Replacement Market by End-Use Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Metal Replacement Market Overview
9.4.2 Middle East and Africa Metal Replacement Market Forecasts and Analysis
9.4.3 Middle East and Africa Metal Replacement Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Metal Replacement Market Forecasts and Analysis - By End-Use Industry
9.4.5 Middle East and Africa Metal Replacement Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Metal Replacement Market
9.4.5.1.1 South Africa Metal Replacement Market by Type
9.4.5.1.2 South Africa Metal Replacement Market by End-Use Industry
9.4.5.2 Saudi Arabia Metal Replacement Market
9.4.5.2.1 Saudi Arabia Metal Replacement Market by Type
9.4.5.2.2 Saudi Arabia Metal Replacement Market by End-Use Industry
9.4.5.3 U.A.E Metal Replacement Market
9.4.5.3.1 U.A.E Metal Replacement Market by Type
9.4.5.3.2 U.A.E Metal Replacement Market by End-Use Industry
9.4.5.4 Rest of Middle East and Africa Metal Replacement Market
9.4.5.4.1 Rest of Middle East and Africa Metal Replacement Market by Type
9.4.5.4.2 Rest of Middle East and Africa Metal Replacement Market by End-Use Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Metal Replacement Market Overview
9.5.2 South and Central America Metal Replacement Market Forecasts and Analysis
9.5.3 South and Central America Metal Replacement Market Forecasts and Analysis - By Type
9.5.4 South and Central America Metal Replacement Market Forecasts and Analysis - By End-Use Industry
9.5.5 South and Central America Metal Replacement Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Metal Replacement Market
9.5.5.1.1 Brazil Metal Replacement Market by Type
9.5.5.1.2 Brazil Metal Replacement Market by End-Use Industry
9.5.5.2 Argentina Metal Replacement Market
9.5.5.2.1 Argentina Metal Replacement Market by Type
9.5.5.2.2 Argentina Metal Replacement Market by End-Use Industry
9.5.5.3 Rest of South and Central America Metal Replacement Market
9.5.5.3.1 Rest of South and Central America Metal Replacement Market by Type
9.5.5.3.2 Rest of South and Central America Metal Replacement Market by End-Use Industry
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. METAL REPLACEMENT MARKET, KEY COMPANY PROFILES
11.1. BASF SE
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CELANESE CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. E. I. DU PONT DE NEMOURS AND COMPANY
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. JUSHI GROUP CO., LTD
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. LG CHEM, LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. OWENS CORNING
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SAINT-GOBAIN
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SGL CARBON SE
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SOLVAY SA
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TORAY INDUSTRIES, INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.BASF SE
2.Celanese Corporation
3.E. I. du Pont de Nemours and Company
4.Jushi Group Co., Ltd
5.LG Chem, Ltd.
6.Owens Corning
7.Saint-Gobain
8.SGL Carbon SE
9.Solvay SA
10.Toray Industries, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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