China is one of the major consumers of metal replacing materials in the Asia-Pacific region to 2021

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. Metal replacing materials exhibit superior properties, such as mechanical strength and heat & chemical resistance, and are generally used in applications requiring a higher level of performance.

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Market Dynamics

Drivers

• Engineering plastics replacing traditional materials in end-use applications
• Increasing metal replacement in the aerospace & defense industry

Restraints

• High cost materials

Opportunities

• Potential opportunities in new applications
• Increasing demand from emerging markets

Challenges

• Volatile crude oil prices

Metal replacing materials are materials that exhibit superior properties, such as mechanical strength and heat & chemical resistance. These materials include engineering plastics, such as polycarbonates (PC), acrylonitrile butadiene styrene (ABS), polyamides (PA), thermoplastic polyesters (PET & PBT), polyacetals (POM), fluoropolymers, and others; and composites, such as GFRP and CFRP.

Metal replacing materials are favored for their superior properties, enabling their use across a wide range of industrial and consumer industries, such as automotive, aerospace & defense, healthcare, construction, electronics, packaging, and so on. Increasing demand from these industries is expected to drive consumption of engineering plastics, which is a major segment of the metal replacing materials market, in the near future.

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The following are the major objectives of the study:

• To analyze and forecast the size of the metal replacement market in terms of value
• To define, describe, and forecast the metal replacement market by end-use industry, type, and region
• To forecast the market size of different segments based on regions, such as North America, Europe, Asia-Pacific, Middle East & Africa, and South America
• To provide detailed information regarding major factors influencing growth of the metal replacement market (drivers, restraints, opportunities, and challenges)
• To strategically analyze the metal replacement market segments based on individual growth trends, future prospects, and contribution to the total market
• To analyze the opportunities in the market for stakeholders and provide details of a competitive landscape for market leaders
• To strategically profile key players and comprehensively analyze their core competencies
• To analyze competitive developments, such as alliances, joint ventures, mergers & acquisitions, and new product launches in the metal replacement market

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This study answers several questions for stakeholders, primarily, which market segments they should focus upon during the next two to five years to prioritize their efforts and investments. These stakeholders include metal replacement manufacturers such as ExxonMobil Chemical (USA) and LyondellBasell Industries (Netherlands); and metal replacing material manufacturers, such as 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).

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth emerging opportunities/threats which will impact 70% to 80% of worldwide companies' revenues.