Metal Replacement Market: By type of substitute (Engineering plastic, Composites); By Industry (Automotive, Aerospace & Defense, Construction, Manufacturing& packaging, Healthcare, Paint & printing, Others); By Geography - Forecast(2018-2023)

Report Code : CMR 0648 Format Type: PDF+ Excel Database

The global metal replacement market is expected to grow at CAGR of 10% from 2018-2023. The major driving force of this market is increased demand of lightweight and cheaper substitutes for automotive and manufacturing components.  The demand of metal replacement is increasing in other sectors also such as construction, healthcare, packaging and paint. 

What is Metal replacement? 
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.

What are the major applications for Metal replacement?
Engineering plastics and composites have find their application in various industries such as automotive, healthcare, aerospace and defense, etc. Due to superior toughness, heat resistance and outstanding processability, polycarbonate finds its application in automobile, healthcare and electronic industry. For example polycarbonate is used for manufacturing security windows, safety glass and guards. In automobiles industry polyamide is used for manufacturing of radiator fan, radiator grill, instrument housings, speedometer gears, steering column bush, etc.  Ethylene propylene copolymer is used for manufacturing car bumpers. Gear boxes are made up of polyimide, is heat resistance, lightweight and flexible. Polypropylene is also used for various purposes such as cooling towers, tanks, metal detectors chutes and exhaust ducts. 



Market Research and Market Trends of Metal replacement:
  • Bio-plastics are biggest trending product in market. Some countries are making initiatives to commercialize it. For example Qatar is expecting to launch its bio-plastic bags by September 2018. This bio-plastic is made up of Cassava starch and other renewable material. It is 100% biodegradable will not harm environment. Animals can also eat this bag with being affected.  
  • A Germany based company BASF SE launched bio-based polyurethane foam. This product allows weight reduction and its density is 120g/L. It is developed by using castor oil and gaining popularity among manufacturers of instrument panel, doors, furniture and automobile interiors. 

Who are the Major Players in Metal replacement market?
The companies referred to in the market research report includes BASF SE, Celanese Corporation, Jushi Group and 10 other companies.

What is our report scope?
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.

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Key Takeaways from this Report
  • Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
  • Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
  • Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.
  • Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes. 
  • Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years. 
  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market. 

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