Increasing demand for metal replacing materials from China, & India is propelling growth Asian metal replacing materials market

The metal replacement market is projected to reach USD 159.82 billion by 2021, at a CAGR of 9.2% from 2016 to 2021. Growth in this market is mainly attributed to the increasing demand for metal replacing materials from automotive, aerospace & defense, and construction industries. Metal replacing materials are widely used in the automotive industry for manufacturing various vehicle body parts and under the hood components. Thus, increase in automobile production is anticipated to drive the metal replacement market during the forecast period.

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On the basis of type, the metal replacement market has been segmented into engineering plastics and composites. The composites segment is the fastest-growing type segment in this market. This growth is attributed to composites’ advantages, such as superior strength to weight ratio, better thermal resistance, and corrosion resistance.

Composites that are used to replace metals include glass fiber reinforced plastics and carbon fiber reinforced plastics. Carbon fiber composites have the best weight to strength ratio and hence these materials are used for high end applications, such as structural parts of aircraft and aircraft interiors. Glass fiber reinforced plastics are mainly used in the automotive and construction industries.

The healthcare end-use industry segment is anticipated to grow at the highest CAGR during the forecast period, owing to the increasing use of metal replacing materials in medical devices. In addition, increasing research and development in the medical devices industry globally is propelling the demand for metal replacing materials in the healthcare industry.

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The Asia-Pacific metal replacement market is expected to grow at the highest CAGR between 2016 and 2021. The Asia-Pacific market includes countries such as China, Japan, India, and Indonesia, among others. The market in this region is witnessing increased consumption of metal replacing materials from the construction and automotive industries. Factors contributing to the growth of this market in the Asia-Pacific region are increasing demand for metal replacing materials from China and India and investments made in varied end-use industries, such as automotive and construction.

Major market players covered in the 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).

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BASF SE (Germany) is one of the leading producers of metal replacing materials. The company focuses on new product launch as well as business expansion strategies to strengthen its market position and consolidate its financial position in the metal replacement market.

E. I. DuPont De Nemours and Company (U.S.) is another major player in the metal replacement market. The company focuses on expansion as a strategy to strengthen its market position. In June 2014, the company had increased the production capacity of Zytel PA 66 and PA 6 by 20% at its Uentrop plant in Germany.

Reference:

https://www.marketsandmarkets.com/Market-Reports/metal-replacement-market-87266199.html?utm_source=Blog%2FML

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Alpha Olefin Sulfonate (AOS) Market by Analysis, by Production, Revenue, Gross Margin and Trends 2030

The Alpha Olefin Sulfonate market is projected to reach USD 479.7 million by 2030, at a CAGR of 2.3% from USD 399.9 million in 2022. High demand for cleaning products, rising awareness for workplace and personal hygiene along with biodegradability property is driving the demand for alpha olefin sulfonates. The global demand for alpha olefin sulfonates from various applications including detergents, shampoos, bar soap, and others is expected to increase during the forecast period. Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=248443464 Market Dynamics Driver: High Demand for Cleaning Products The demand for cleaning products such as shampoos, soaps, face wash, and detergents are high resulting in increased demand for alpha olefin sulfonate used as surfactant. Alpha olefin sulfonate has high foamability and compatibility with skin and fabrics resulted in becoming the key ingredient in detergent and cosmetic sector. It is free from skin irrit

Polybutene Market Shares, Strategies, and Forecasts Analysis 2027

The Polybutene Market is projected to reach USD 446.1 million by 2027, at a CAGR of 2.1 % from USD 402.3 million in 2022. The rising demand for polybutene to is expected to fuel the market growth. It offers high strength and superior performance properties with customized sealing temperatures. Due to these properties, it is widely used in seal-peel or easy peel packaging for meats, cheese and other products. Download PDF Brochure At https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=173570460 “Based on grade, extrusion is projected to grow at highest CAGR during the forecast period” Extrusion grade is projected to grow at highest CAGR during the forecast period. The high demand for polybutene in construction sector is driving the market growth. Due to its superior chemical and mechanical properties, polybutene is widely used advanced construction systems. “Packaging system is projected to be the fastest growing application in polybutene market, in terms of value”

Digitally Printed Wallpaper Market Statistics, Trends, Growth and Demand Report 2022- 2027

The global digitally printed wallpaper market size in 2022 is estimated at USD 4.7 billion and is projected to reach USD 13.1 billion by 2027, at a CAGR of 22.4% from 2022 to 2027. The major drivers for the market include an growth in urbanization and increasing construction activities. However, rivalry from paint & coating producers limits the market growth. Moreover, the ever-increasing growth in commercial and marketing sectors is projected to boost the market for digitally printed wallpaper. Browse 162 market data Tables and 28 Figures spread through 152 Pages and in-depth TOC on "Digitally Printed Wallpaper Market by Printing Technology (Inkjet, Electrophotography), Substrate (Nonwoven, Vinyl, Paper), End-Use Sector (Non-Residential, Residential, Automotive & Transportation) and Region - Global Forecast to 2027 " Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=81489419 Key companies such as A.S. Création Tapeten AG (Ger

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