The metal composite panel segment in the global composite panel market is estimated to account for a majority revenue share of 55.2% in 2017. The first five-year cumulative revenue (2017–2021) of this segment is projected to be US$ 2,19,429.8 Mn, compared to a moderately higher cumulative revenue total of US$ 3,02,027.1 Mn for the latter five years of the forecast period (2022–2026).
Composite panels are panels used for partitioning, facades, exterior cladding, roofing, decking, flooring, etc. This panels have high stability, insulation properties, excellent load-bearing capacity, and stain & weather resistance. Composite panels are available in three types namely metal composite panel, wood composite panel, rock wool composite panel, and others.
Increasing demand for composite panels from construction and other sectors is a major factor driving growth of the global composite panel market, owing to development of innovative buildings, and availability of panels in different textures, size, and colors.
However, High cost of composite panel is expected to hamper growth of the global composite panel market to a certain extent over the forecast period. In addition, some composite panels are prone to dents when exposed to harsh weather conditions, which may challenge growth of the global composite panel.
Companies profiled in this report are EGGER Group, Sonae Indústria, SGPS, S.A., Louisiana-Pacific Corporation, SWISS KRONO GROUP, Norbord Inc., Georgia-Pacific LLC., Duratex S.A., Weyerhaeuser Company, Kastamonu Entegre, Masisa S.A., Yatai Industrial Group Co., Ltd., Shanghai Jixiang Industry Co., Ltd., Schweiter Technologies AG, Alstrong Enterprises India Pvt. Limited, Arconic Inc.