Metal replacement market size is poised to record remarkable growth between 2032 to 2032. Metal replacement is the technique of replacing metals with polymers.
The procedure is gaining widespread popularity across various industries due to the development of high-performance composites and polymers that exhibit excellent mechanical properties & temperature resistance. It also showcases the ability to reduce weight, increase chemical resistance, and enhance material performance. Robust deployment of metal replacement polymers in the aerospace sector would drive product demand.
Based on type, the metal replacement market share from the composites segment is likely to amass decent growth through 2032. Fiber-reinforced polymer composites are finding increasing application in aircraft due to their unique electrical and mechanical properties. Shifting preference from traditional materials like steel to composites due to high strength, design flexibility, durability, stiffness, and vibration-damping properties will further intensify segment growth.
Increasing usage of polyphenylsulfone as an ideal metal replacement material in the healthcare sector will propel the industry growth. The polymer can resist continuous-use temperatures of up to 260°C and is resistant to chemicals & harsh disinfectants that are used in hospitals. Furthermore, a strong focus on reducing vehicle weight in the transport sector and the subsequent increase in metal replacement activities will augment industry share.
Europe metal replacement market is expected to register immense growth by 2032 as a result of a strong presence of metal replacement companies. These firms are looking to develop new solutions to meet the end-user requirement. Escalating production of glass fiber-reinforced plastics in Ireland and the UK will further incite market growth.
The metal replacement industry could inflict some hindrances due to inflation which is likely to stay for some time. Businesses are adapting to meet these new conditions like an increase in supply chain disruptions across various industrial sectors. Declining composite production could impact the market development. However, various businesses worldwide are placing high emphasis on aiding the composites industry. For instance, industrial & business consulting company AMAC and Alpha Executive Advisory signed a deal to jointly provide advisory services in business coaching, acquisitions, transformation, and divestitures, and crisis management to the composites sector.
Some of the major metal replacement market key players are Jushi Group, BASF SE, Toray Industries, Solvay S.A., Celanese, Owens Corning, and SGL Carbon, among others. Business strategies like product launches as well as mergers and acquisitions are among some of the prominent initiatives employed by these players to boost market foothold and geographical presence.