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.

Download PDF @ https://tinyurl.com/y2ke8c9w

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.

Get 10% Free Customization on this report @ https://tinyurl.com/y4z4s28y

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).

Get Sample @ https://tinyurl.com/yyzz446e

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

For more Info Visit Blog: https://chemicalsresearchmarket.wordpress.com/blog/

Imerys S.A. (France) and Omya AG (Switzerland) are the Key Players in the Calcite Market

In terms of value, the global Calcite Market size is estimated to be USD 10.1 billion in 2019 and projected to reach USD 13.0 billion by 2024, growing at a CAGR of 5.2% from 2019 to 2024. Browse 105 Market Data Tables and 36 Figures spread through 145 Pages and in-depth TOC on "Calcite Market”. Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=50319659 Imerys S.A. (France) is one of the leading players in the calcite market and has been adopting inorganic & organic strategies to sustain its market position. For instance, in November 2019, Imerys S.A. acquired some assets of the EDK Company, a leading producer of ground calcium carbonates (GCC) in Brazil. These assets include three operating plants and 100 employees, which generated annual revenues of USD 15.5 million in 2018. In February 2018, Imerys S.A. acquired the carbonate business of Vimal Microns (India), a major producer of ground calcium carbonate...

Who are the key manufacturers in the Ammonia Refrigerants Market?

The ammonia refrigerants market is projected to reach USD 86.5 million by 2030, at a CAGR of 5.7% from USD 55.5 million in 2022. Ammonia is one of the most efficient refrigerants available and has a wide range of uses at different temperature and capacity. In addition to being natural the use of ammonia opens up the possibility of reduced energy consumption and secures long-term costs efficiency and sustainability. Ammonia is most commonly used for air conditioning systems and refrigeration systems. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=254343156 Market Dynamics Driver: Eco-friendly aspect to drive the market One of the biggest advantages of ammonia gas as the refrigerant is that it is safe to the environment and does not cause any depletion of the ozone layer. Due to this it won’t have to be replaced with any alternative refrigerants as is the case with number of chlorofluorocarbons (CFCs). Ammonia is the oldest of all the refri...

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 T...

Research Industry Expert

Search This Blog