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.
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