Metal replacement market is projected to reach USD 159.82 billion by 2021
The metal replacement market is projected to reach USD 159.82 billion by 2021 , at a CAGR of 9.2 % from 2016 to 2021 . Increasing consumption of metal replacing materials in the automotive and construction industries is one of the most significant factors driving the growth of this market . Where as , high cost of materials is expected to restrict the market ’ s growth .
Composites segment to register high growth in the metal replacement market
Composites are the most prominent metal replacing materials , owing to their exceptional performance . Composites offer several advantages , such as superior weight to strength ratio , superior thermal resistance , good corrosion resistance , and high impact resistance . Composites are used in varied end-use industries , such as aerospace & defense , automotive , and construction .
Metal Replacement Market : Global Forecast to 2021
Metal replacement market is projected to reach USD 159.82 billion by 2021
The metal replacement market is projected to reach USD 159.82 billion by 2021 , at a CAGR of 9.2 % from 2016 to 2021 . Increasing consumption of metal replacing materials in the automotive and construction industries is one of the most significant factors driving the growth of this market . Where as , high cost of materials is expected to restrict the market ’ s growth .
Composites segment to register high growth in the metal replacement market
Composites are the most prominent metal replacing materials , owing to their exceptional performance . Composites offer several advantages , such as superior weight to strength ratio , superior thermal resistance , good corrosion resistance , and high impact resistance . Composites are used in varied end-use industries , such as aerospace & defense , automotive , and construction .
© ReportsnReports . com / Contact sales @ reportsandreports . com 2