Aluminum Composite Panels Market Research Report
The GMI Research forecasts that the aluminum composite panel
market is witnessing an upsurge in demand during the forecast period. This is
mainly due to the rising international building code with remarkable designs
that offer more sustainability and energy efficiency and the growing
construction of manufacturing plants, factories, corporate offices, and
stadiums.
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Aluminum
Composite Panels Market’s leading Manufacturers:
·
Arconic
·
Yaret Industrial Group Co., Ltd.,
·
Mitsubishi Chemical Corporation
·
3A Composites GmbH
·
Alubond U.S.A.
·
Alumax Industrial Co., Ltd.
·
Shanghai Huayuan New Composite Materials Co.,
Ltd.
·
Chanshu Kaidi Decoration Material Co., Ltd.
·
Guangzhou Xinghe Aluminium Composite Panel Co.,
Ltd.
·
Jyi Shyang Industrial Co., Ltd.
Aluminum
Composite Panels Market Dynamics (including market size, share, trends,
forecast, growth, forecast, and industry analysis)
Key Drivers
The growing application in various sectors such as building
& construction, transportation, and advertising boards owing to its various
properties like fire resistance, lightness, time and cost-effectiveness,
acoustic insulation, and non-combustibility is a primary factor surging the
growth of the global aluminum
composite panels market size. The ACP improves the appearance of the
internal & external walls with high durability and easy maintenance. There
has been an upsurge in demand for aluminum composite panel attributed to the
standardization in the building & construction sector will further propel
the growth of the aluminum composite panels market. The rising international
building code with remarkable designs offers more sustainability and energy
efficiency, which will boost the demand of the market during the forecast
period. According to aluminum composite panels market report, the growing
construction of manufacturing plants, factories, corporate offices, and
stadiums is further anticipated to stimulate the growth of the aluminum
composite panel market worldwide.
As per the global construction 2030 report by Global
Construction Perspectives and Oxford Economics, the global construction
industry is projected to achieve USD 8 trillion by 2030. Various emerging
countries like China, Saudi Arabia, and India widely emphasize the upcoming
construction projects. For example, the "Make in India" program
introduced by the Government of India is particularly designed to encourage the
organization to manufacture their products in India. This initiative is
encouraging the construction of new industrial and commercial projects in
India. On the other edge of the spectrum, the factors hindering the growth of
the aluminum composite panel market during the forecast period include
increased repairing cost of the aluminum composite panel and the regular
maintenance cost.
Aluminum
Composite Panels Market Segmentation:
Segmentation by
Base Coating Type:
·
Polyvinylidene Difluoride
·
Polyethylene
·
Polyester
·
Laminating Coating
·
Oxide Film
Segmentation by Type:
·
Fire-Resistant
·
Antibacterial
·
Antistatic
Segmentation by
Composition:
·
Surface Coating
·
Metal Skin
·
Core Material
·
Rear Skin
Segmentation by Application:
·
Building & Construction
·
Advertising
·
Transportation
·
Automotive
Segmentation by Vehicle
Type:
·
Passenger Cars
·
Light Commercial Vehicle
Segmentation by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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