Metal Replacement Market Soaring at 9+% CAGR to Hit $US 159.82Bn by 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 propelled by increasing consumption of metal replacing materials in the automotive and construction industries while composites segment is to lead the global market.

Composites are the most prominent metal replacing materials, owing to their exceptional performance. Composites offer several advantages, such as superior weight to strength ratio, superior thermal resistance, good corrosion resistance, and high impact resistance. Composites are used in varied end-use industries, such as aerospace & defense, automotive, and construction.

Complete report on metal replacement market spread across 161 pages, profiling 10 companies and supported with 108 tables and 50 figures is now available at .

The Asia-Pacific metal replacement market is anticipated to grow at the highest CAGR between 2016 and 2021. Growth in this market is driven by the increasing demand for metal replacing materials from China and India. China, with increasing demand from its construction and automotive industries, is the major consumer of metal replacing materials in the Asia-Pacific region. Among all countries in this region, the Indian market is expected to grow at the highest CAGR during the forecast period.

Major companies profiled in this report are 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).

Get a discount on a copy of Metal Replacement Market by End-Use Industry (Automotive, Aerospace & Defense, Construction, Healthcare, Others), Type (Engineering Plastics, Composites), and Region - Global Forecast to 2021 research report at .

Breakdown Of Profile Of Primary Participants:

• By Company Type: Tier 1 – 33%, Tier 2 – 42%, and Tier 3 – 25%

• By Designation: C Level – 50%, Director Level – 33%, and Others – 17%

• By Region: Europe – 42%, North America – 25%, Asia-Pacific – 17%, South America – 8%, and Middle East & Africa – 8%

On a related note, another research on Metal Recycling Market Forecast to 2020 says, Use of recycled metal in the building & construction sector projected to increase during the forecast period. Increasing awareness of the efficient use of natural resources is to drive the metal recycling market. The global market size will grow from USD 277.12 billion in 2015 to reach USD 406.16 billion by 2020, at a projected CAGR of 7.95%. Companies like ArcelorMittal (Luxembourg), Nucor Corporation (U.S.), Commercial Metals Company (U.S.), Sims Metal Management Limited (U.S.), Aurubis AG (Germany) Linde Ag (Germany), European Metal Recycling Limited (U.K.), Dowa Holdings Co., Ltd. (Japan), Tata Steel Limited (India), Baosteel Group Corporation (China) and Redmond’s SE & Co. KG (Germany) have been profiled in this 214 pages research report available at equipment-manufacturing-shipbuilding-others-equipment-shredders-granulating-machines-others-forecast-to-2020.html .

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