The Metal Replacement Market is projected to reach USD 159.82 billion by 2021, at a CAGR of 9.2% from 2016 to 2021. Metal replacing materials exhibit superior properties, such as mechanical strength and heat & chemical resistance, and are generally used in applications requiring a higher level of performance.

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Increasing metal replacement in the aerospace & defense industry is another contributing factor for growth of the metal replacing materials market.

Metal replacing materials are materials that exhibit superior properties, such as mechanical strength and heat & chemical resistance. These materials include engineering plastics, such as polycarbonates (PC), acrylonitrile butadiene styrene (ABS), polyamides (PA), thermoplastic polyesters (PET & PBT), polyacetals (POM), fluoropolymers, and others; and composites, such as GFRP and CFRP.

Metal replacing materials are favored for their superior properties, enabling their use across a wide range of industrial and consumer industries, such as automotive, aerospace & defense, healthcare, construction, electronics, packaging, and so on. Increasing demand from these industries is expected to drive consumption of engineering plastics, which is a major segment of the metal replacing materials market, in the near future.

Major end-use industries in the metal replacement market include automotive, aerospace & defense, construction, healthcare, and others. In the automotive industry, metal replacing materials are used in the manufacturing of vehicle body parts, as well as various under-the-hood components. Therefore, increase in automobile production, along with repair & maintenance activities, is likely to propel the demand for metal replacing materials in the automotive industry.

Based on type, the metal replacement market has been segmented into engineering plastics and composites. The engineering plastics segment is further subdivided into polycarbonates, acrylonitrile butadiene styrene (ABS), polyamides, thermoplastic polyesters, polyacetals, fluoropolymers, and others; whereas the composites segment is subdivided into CFRP (carbon fiber reinforced plastics) and GFRP (glass fiber reinforced plastics).

In the engineering plastics segment, acrylonitrile butadiene styrene is estimated to account for the largest market share in 2016, in terms of volume; followed by polyamides and polycarbonates. In the composites segment, GFRP is estimated to account for the largest market share in 2016, by volume. The composites segment is projected to register the highest CAGR during the forecast period due to high growth in the CFRP market.

The metal replacement market in the Asia-Pacific region is anticipated to grow at the highest CAGR between 2016 and 2021. This region has witnessed significant infrastructural development in recent years, which has led to the initiation of several housing construction projects.

The region’s construction industry is expected to grow at a healthy rate of 5.8% from 2017 to 2022. This has consequently led to increase in demand for metal replacing materials in the construction sector to replace steel bars for concrete reinforcement as well as to manufacture sewage systems. In addition, the high growth of the market in Asia-Pacific is also attributed to the increasing demand of metal replacing materials to manufacture lightweight and fuel efficient vehicles.


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This study answers several questions for stakeholders, primarily, which market segments they should focus upon during the next two to five years to prioritize their efforts and investments. These stakeholders include metal replacement manufacturers such as ExxonMobil Chemical (USA) and LyondellBasell Industries (Netherlands); and metal replacing material manufacturers, such as Solvay SA (Belgium), SGL-Group (Germany), Owens Corning Corporation (U.S.), Celanese Corporation (U.S.), BASF SE (Germany), Toray Industries, Inc. (U.S.), and Jushi Group (China).

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