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Metal Replacement Market Report Highlights The Competitive Scenario With Impact Of Drivers

, 17 May 2019 -- The global metal replacement market is estimated to rise at a significant level during the forecast period (2017-2023) on account of the growing demand for metal replacing materials

The global market for metal replacement is segmented into type, application and geography. On the basis of type, the metal replacement market can be categorized as engineering plastics and composites. Engineering plastics, also known as technical thermoplastics, possess good mechanical characteristics, high dimensional stability, and chemical resistance. These can be used permanently at temperatures ranging from 100-150◦C. The engineering plastics can be segmented as polycarbonates (PC), acrylonitrile butadiene styrene (ABS), polyamides (PA), thermoplastic polyesters (PET and PBT), polyacetals and fluoropolymers. Acrylonitrile butadiene styrene is expected to witness considerable growth, in terms of volume, during the forecast period, followed by polyamides and polycarbonates.

Browse a overview of this report @ https://www.psmarketresearch.com/market-analysis/metal-replacement-market

There has been a significant rise in the demand of metal replacing materials in the construction industry to replace steel bars for concrete reinforcements and to manufacture sewage systems on account of increasing projects in the housing construction market. This is expected to contribute to the growth of metal replacement in the Asia-Pacific region. China and India is forecasted to contribute significantly to the Asia-Pacific region during the forecast period due to the increasing consumption in the construction and automotive industries.

The global metal replacement market is estimated to rise at a significant level during the forecast period (2017-2023) on account of the growing demand for metal replacing materials including plastics and composites in applications such as automobile, aerospace and defense industries.

Get a free sample copy of this report @ https://www.psmarketresearch.com/market-analysis/metal-replacement-market/report-sample

The acrylonitrile butadiene styrene (ABS) segment is expected to witness growth in demand as they are corrosion and thermal resistant, and cost-effective.
Composites have unique properties such as high strength-to-weight ratio, thermal resistance, sound corrosion resistance, and impact resistance, that makes them ideal for use in end-use industries such as aerospace and defense, construction, and automotive. The composite segment can be further categorized as Carbon Fiber Reinforced Plastics (CFRP) and Glass Fiber Reinforced Plastics (GFRP). The composite segment is estimated to grow during the forecast period due to the growth in the carbon fiber reinforced plastics (CFRP) market.

Major players operating in the global metal replacement market include BASF SE, Celanese Corporation, Covestro AG, E. I. Dupont De Nemours and Company, Jushi Group, LG Chem, Ltd., Owens Corning, SGL Group, Saint-Gobain SA, Solvay SA, and Toray Industries, Inc.

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Submitted by Jacob, P&S Market Research on Friday, 17 May 2019 at 7:37 PM
Category: Business
 
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