The global metal replacement market size reached US$ 167.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 275.2 Billion by 2028, exhibiting a growth rate (CAGR) of 8.2% during 2023-2028.
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2. About IMARC Group
International Market Analysis Research and Consulting Group is a leading adviser on management
strategy and market research worldwide. We partner with clients in all regions and industry
verticals to identify their highest-value opportunities, address their most critical challenges, and
transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods
are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.
3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "Metal Replacement
Market: Global Industry Trends, Share, Size, Growth, Opportunity and
Forecast 2023-2028," the global metal replacement market size reached US$
167.8 Billion in 2022.
Metal replacement involves the substitution of metal with other materials,
including ceramics and polymers. These materials are lightweight, flexible and
cost-efficient while providing improved performance. In comparison to
traditional metals, they offer superior resistance to heat and chemicals while
being easy to manufacture.
As a result, they are widely utilized for numerous applications across the
aerospace, defense and construction sectors. The advent of high-performance
composites and polymers with superior strengths and their easy availability
across the online and offline organized retail channels are favorably impacting
the market growth.
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replacement-market/requestsample
4. Report Description
Global Metal Replacement Market Trends:
The global market is primarily driven by the rising demand for lightweight materials across multiple industries.
This is supported by the increasing preference for engineered polymers in the manufacturing of aircraft and
automobiles over metal counterparts. Along with this, continual technological advancements, such as the adoption
of novel polymerization processes in the production of polymers, are providing an impetus to the market growth.
Moreover, the widespread adoption of metal replacement processes in the production of various electrical
components, including connectors, lighting sockets and reflectors, is creating a positive outlook for the market.
Apart from this, the increasing utilization of polyphenylsulfone in the manufacturing of medical devices since it is
gamma and steam sterilizable is positively influencing the market growth. Furthermore, rising investments in
infrastructural development projects across multiple countries are also propelling the market growth. Other
factors, including rapid industrialization and extensive research and development (R&D) activities conducted by
key players for introducing eco-friendly alternatives, are further contributing to the market growth.
Looking forward, the market is anticipated to reach a value of US$ 275.2 Billion by 2028, growing at a
CAGR of 8.2% during 2023-2028.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/metal-replacement-market
5. Report
Segmentation
Breakup by Type:
• Engineering Plastics
o Polyamide
o Acrylonitrile Butadiene Styrene (ABS)
o Thermoplastic Polyesters
o Polycarbonates
o Others
• Composites
o Glass Fiber Reinforced Plastic
o Carbon Fiber Reinforced Plastic
Breakup by End Use Industry:
• Automotive
• Aerospace and Defense
• Construction
6. Report
Segmentation
• Packaging
• Consumer Goods
• Healthcare
• Transportation
• Others
Breakup by Region:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa
7. Competitive
Landscape with
Key Players
• A.K. Industries Inc.
• Asahi Kasei Corporation
• Aztec Plastic Company
• BASF SE
• Celanese Corporation
• China Jushi Co.Ltd.
• DOMO Chemicals GmbH
• DuPont de Nemours Inc.
• SGL Carbon SE
• Solvay S.A.
• Toray Industries Inc.
• Victrex plc.
8. Key Questions
Answered in
the Report
What was the size of the global metal replacement
market in 2022?
What is the expected growth rate of the global metal
replacement market during 2023-2028?
What are the key factors driving the global metal
replacement market?
What has been the impact of COVID-19 on the global
metal replacement market?
What is the breakup of the global metal replacement
market based on the type?
What is the breakup of the global metal replacement
market based on the end use industry?
What are the key regions in the global metal
replacement market?
Who are the key players/companies in the global
metal replacement market?
9. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Metal Replacement Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Engineering Plastics
6.1.1 Mark et Trends
6.1.2 Key Segments
6.1.2.1 Polyamide
6.1.2.2 Acrylonitrile Butadiene Styrene (ABS)
6.1.2.3 Thermoplastic Polyesters
6.1.2.4 Polycarbonates
6.1.2.5 Others
6.1.3 Mark et Forecast
10. Table of
Contents
6.2 Composites
6.2.1 Market Trends
6.2.2 Key Segments
6.2.2.1 Glass Fiber Reinf orced Plastic
6.2.2.2 Carbon Fiber Reinf orced Plastic
6.2.3 Mark et Forecast
7 Market Breakup by End Use Industry
7.1 Automotive
7.1.1 Mark et Trends
7.1.2 Mark et Forecast
7.2 Aerospace and Def ense
7.2.1 Mark et Trends
7.2.2 Mark et Forecast
7.3 Construction
7.3.1 Mark et Trends
7.3.2 Mark et Forecast
7.4 Packaging
7.4.1 Mark et Trends
7.4.2 Mark et Forecast
7.5 Consumer Goods
7.5.1 Market Trends
7.5.2 Mark et Forecast
7.6 Healthcare
7.6.1 Mark et Trends
7.6.2 Mark et Forecast
7.7 T ransportation
7.7.1 Mark et Trends
7.7.2 Mark et Forecast
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