Metal Replacement Market Applications, Growth Rate & Forecast Report Metal Replacement Market | Page 2

Growth in commercial and defence aerospace industry mainly in Asia Pacific will metal
replacement demand.
Global aerospace composites market may witness gains at over 9% due to strict
environmental norms regarding fuel efficiency and use of lightweight materials in aircrafts
should which should fuel industry growth
Detailed table of contents of this research report@
https://www.gminsights.com/request-toc/upcoming/1331
Glass fiber finds application in wind energy, aerospace and construction industry due to
inherent strength, weather resistance, light weight and texture which is likely to favor
product demand many manufacturers such as Owens Corning, U.S. collaborated with two
Chinese manufacturers to increase supply of tailor made glass fiber which is another
contributing factor towards metal replacement market growth.
Strong application outlook of engineering plastics in construction and automobile sector due
to their durability, low densities and designing flexibility may stimulate industry growth.
Polycarbonates, polyamides, acrylonitrile butadiene styrene (ABS), polyphenylene ether,
polysulphone and thermoplastic polyesters are some of the prominently used engineering
plastics.
Asia Pacific, driven by India, Japan and China metal replacement market may grow
significantly over the forecast timeframe. Increasing investments in automobile and
construction industries may favor product demand.
North America, led by the U.S metal replacement market size, may witness steady growth.
Composites, automobile application may exceed USD 4 billion with gains at over 7% by
2024.
Europe, led by UK, Italy and Germany metal replacement market size, may witness
significant gains. Engineering plastics accounted for over 35% share in 2015.
Source Report:
https://www.gminsights.com/industry-analysis/metal-replacement-market
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