Metal Replacement Market Projected to Increase 9.2% CAGR by 2021 Oct 2016 | Page 3
Metal Replacement Market: Global
Forecast to 2021
Asia-Pacific market projected to grow at the highest CAGR during the forecast period
The Asia-Pacific metal replacement market is anticipated to grow at the highest CAGR
between 2016 and 2021. Growth in this market is driven by the increasing demand for
metal replacing materials from China and India. China, with increasing demand from its
construction and automotive industries, is the major consumer of metal replacing
materials in the Asia-Pacific region. Among all countries in this region, the Indian market
is expected to grow at the highest CAGR during the forecast period.
Breakdown Of Profile Of Primary Participants:
By Company Type: Tier 1 – 33%, Tier 2 – 42%, and Tier 3 – 25%
By Designation: C Level – 50%, Director Level – 33%, and Others – 17%
By Region: Europe – 42%, North America – 25%, Asia-Pacific – 17%, South America –
8%, and Middle East & Africa – 8%
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