Global Aluminum Composite Panel Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global aluminum composite panel market in its upcoming report titled, “Global Aluminum Composite Panel Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global aluminum composite panel market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global aluminum composite panel market report has been segmented on the basis of product type, coating base, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Aluminum composite panel is a common building material with several uses for building exteriors, interior applications, and signage. This material is made up of thin and flat aluminum panels which are bonded to a non-aluminum core. It can be coated with polyvinylidene fluoride (PVDF), fluoropolymer resins (FEVE), or polyester paint in a wide range of metallic and non-metallic colors as well as patterns that replicate other materials such as wood or marble.
Increasing disposable income, construction activities, in both commercial and residential sectors, are some of the factors driving demand for aluminum composite panel market. Additionally, increasing industrial & commercial construction activities in emerging economies along with rise in automotive production are contributing to the market growth. Easy installation, high corrosion resistance of the surface are some of the characteristics of composite panels which is resulting in rising adoption in various sectors. The global automotive sector has been witnessing a rapid growth over the past few years due to growing investments, high production and demand in emerging economies, especially China and India. This, in turns, will drive the global market, as composite panels are used in the automotive industry to reduce overall weight of vehicles and to improve fuel efficiency and reducing maintenance costs. A recent trend shows that demand for nano self-cleaning aluminum composite panel has been increasing, and will continue to gain traction in the coming years. However, high repairing cost if damaged or dented is among some of the major restraining factors limiting adoption.
The market in Asia Pacific is projected to register fastest grow, in terms of revenue during the forecast period. Factors such as growing construction sector, rising demand from end-use industries and economical cladding material as compared to other options available in the market are other factors contributing to positive growth of the target market. Automakers focusing on setting up production facilities in China and India owing to low cost labor and favorable government policies towards Foreign Direct Investment (FDI), coupled with low cost of aluminum composite panel are also expected to drive the market growth in APAC region.
Global Aluminum Composite Panel Market Segmentation:
By Product Type:
By Coating Base
- PE (Polyester)
- PVDF (Polyvinylidene Fluoride)
- Building & Construction
- Advertising Boards
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Yaret Industrial Group
- 3A Composites
- Alubond U.S.A.
- Alumax Industrial CO., LTD.
- Shanghai Huayuan New Composite Materials Co. ltd.
- Changshu Kaidi Decoration Material Co., Ltd.
- Guangzhou Xinghe Acp Co Ltd.
- Mitsubishi Chemical (Mitsubishi Chemical Corporation)
- ALUCOMAT (Jyi Shyang Industrial Co., Ltd.)
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