Press release
Global Metal Replacement Market Overview with Detailed Analysis, Competitive Landscape and Forecast by 2023
The global metal replacement market is estimated to rise at a significant level during the forecast period (2017-2023) on account of the growing demand for metal replacing materials including plastics and composites in applications such as automobile, aerospace and defense industries.
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The global market for metal replacement is segmented into type, application and geography. On the basis of type, the metal replacement market can be categorized as engineering plastics and composites. Engineering plastics, also known as technical thermoplastics, possess good mechanical characteristics, high dimensional stability, and chemical resistance.
The composite segment can be further categorized as Carbon Fiber Reinforced Plastics (CFRP) and Glass Fiber Reinforced Plastics (GFRP). The composite segment is estimated to grow during the forecast period due to the growth in the carbon fiber reinforced plastics (CFRP) market.
On the basis of end-use industry, the metal replacement market has been segmented into automotive, aerospace and defense, construction, and healthcare. The automotive industry exhibits the maximum demand in the global metal replacement market, in value terms, on account of increasing application of metal replacing materials in the manufacture of vehicle body parts.
There has been a significant rise in the demand of metal replacing materials in the construction industry to replace steel bars for concrete reinforcements and to manufacture sewage systems on account of increasing projects in the housing construction market.
The slow economic growth in North America and Europe due to economic crisis in 2008 posing an obstruction to the growth of metal replacement market. Therefore, demand projections for metal replacement materials has become a major challenge in these regions.
Access Report Summary with Detailed TOC at : https://www.psmarketresearch.com/market-analysis/metal-replacement-market
Major players operating in the global metal replacement market include BASF SE, Celanese Corporation, Covestro AG, E. I. Dupont De Nemours and Company, Jushi Group, LG Chem, Ltd., Owens Corning, SGL Group, Saint-Gobain SA, Solvay SA, and Toray Industries, Inc.
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Contact:
P&S Market Research
347, 5th Ave. #1402
New York City, NY - 10016
Toll-Free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Request sample copy of report here : https://www.psmarketresearch.com/market-analysis/metal-replacement-market/report-sample
The global market for metal replacement is segmented into type, application and geography. On the basis of type, the metal replacement market can be categorized as engineering plastics and composites. Engineering plastics, also known as technical thermoplastics, possess good mechanical characteristics, high dimensional stability, and chemical resistance.
The composite segment can be further categorized as Carbon Fiber Reinforced Plastics (CFRP) and Glass Fiber Reinforced Plastics (GFRP). The composite segment is estimated to grow during the forecast period due to the growth in the carbon fiber reinforced plastics (CFRP) market.
On the basis of end-use industry, the metal replacement market has been segmented into automotive, aerospace and defense, construction, and healthcare. The automotive industry exhibits the maximum demand in the global metal replacement market, in value terms, on account of increasing application of metal replacing materials in the manufacture of vehicle body parts.
There has been a significant rise in the demand of metal replacing materials in the construction industry to replace steel bars for concrete reinforcements and to manufacture sewage systems on account of increasing projects in the housing construction market.
The slow economic growth in North America and Europe due to economic crisis in 2008 posing an obstruction to the growth of metal replacement market. Therefore, demand projections for metal replacement materials has become a major challenge in these regions.
Access Report Summary with Detailed TOC at : https://www.psmarketresearch.com/market-analysis/metal-replacement-market
Major players operating in the global metal replacement market include BASF SE, Celanese Corporation, Covestro AG, E. I. Dupont De Nemours and Company, Jushi Group, LG Chem, Ltd., Owens Corning, SGL Group, Saint-Gobain SA, Solvay SA, and Toray Industries, Inc.
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Contact:
P&S Market Research
347, 5th Ave. #1402
New York City, NY - 10016
Toll-Free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
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