Scope of the Study
Metal replacement is a replacement of metal alloys with high performance technopolymers. Plastic material is a valid alternative to traditional materials and it has certain benefits. Thermoplastic technology provides the products with lightness, strength, cost and durability of products that are traditionally made of metal alloys. It involves various sectors including mechanical, electrical and electronic sectors, food industry, medical sector and others. It offers endless possibilities for coloring and color combinations.
The market study is being classified by Type (Engineering Plastics (Polyamide, ABS, Thermoplastic Polymers, Polycarbonates, Polyacetals, Fluoropolymers and Others) and Composites (GFRP and CFRP)), by Application (Automotive, Construction, Aerospace & Defense, Packaging, Healthcare, Consumer Goods and Others) and major geographies with country level break-up.
Solvay S.A. (Belgium), SGL Carbon SE (Germany), Owens Corning Corporation (United States), Celanese Corporation (United States), BASF SE (Germany), Toray Industries, Inc. (Japan), Jushi Group Co., Ltd. (China), Du Pont (United States), BMW (Germany) and Boeing (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Saint-Gobain (France).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Metal Replacement market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Metal Replacement market by Type, Application and Region.
On the basis of geography, the market of Metal Replacement has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Reduction of the Product Total Weight and Resistance to Corrosion and Chemical Agents
- High Demand from Automobile and Aerospace Industry
- Companies Are Focusing On Research and Development Activities
- Toxic Nature of Engineering Plastics
- Fluctuations in the Raw Material Prices
- Technological Advancements in the Manufacturing Sector
- Growing Automobile Industry Worldwide
- Rise in the Demand for Metal Replacing Materials in the Construction Industry
- Slowdown of the World Economy May Affect the Market
- Heavy Taxation Policies by Some Governments
On 13th March 2017, Solvay, a leading global supplier of high-performance materials, has expanded its portfolio of specialty polymers with the introduction of Omnix LF-4050 and Omnix LF-4060, two high-performance polyamides (HPPA) with long fiberglass content of 50 and 60 percent respectively. This will help to overcome demanding metal replacement challenges for parts submitted to severe operating environments
Key Target AudienceMetal Replacement Material Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase