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 glas...