Global Aluminum Composite Panels Market Report 2022: An $8.2 Billion Industry by 2027 – Industry Trends, Analysis, Share, Size, Growth, Opportunities and Forecasts – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Aluminum Composite Panels Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
The global aluminum composite panels market size reached US$ 5.6 Billion in 2021. Looking forward, the market is expected to reach US$ 8.2 Billion by 2027, exhibiting a CAGR of 6.56% during 2021-2027.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
An aluminum composite panel (ACP) refers to a lightweight external cladding material used for creating contemporary facades on buildings, ceilings and signage boards. It is manufactured using two thin coil-coated aluminum sheets that are bonded to a non-aluminum core.
In comparison to the traditionally used cladding materials, such as tiles, wood and unplasticized polyvinyl chloride (uPVC), ACP offers enhanced ease of installation, resistance to chemicals, moisture, corrosion and ultraviolet (UV) rays. Apart from this, they can be digitally printed, are highly flexible and versatile, require low-maintenance and available in a wide variety of colors and textures.
Significant growth in the advertising industry is one of the key factors creating a positive outlook for the market. ACPs are commonly used for outdoor advertising in public spaces and in-transit vehicles for displaying clear, attractive and insightful ads.
Furthermore, the increasing demand for durable and lightweight materials for both commercial and residential constructions is providing a thrust to the market growth. They are also extensively utilized in the insulation of high-rise buildings and reinforcing ceilings of tunnels. In line with this, polyvinylidene difluoride (PVDF)-coated ACPs are used to protect the exposed portion of the building from extreme climatic conditions, which, in turn, aids in retaining the color and gloss for a longer duration.
Moreover, increasing utilization of ACPs in automobiles for enhanced aesthetics is acting as another growth-inducing factor. The panels are used for decorative padding and as noise dampers as they are compression-resistant and offer high acoustic insulation.
Other factors, including increasing construction of green buildings across various regions, are anticipated to drive the market further.
Key Questions Answered in This Report:
- How has the global aluminum composite panels market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global aluminum composite panels market?
- What are the key regional markets?
- What is the breakup of the market based on the base coating type?
- What is the breakup of the market based on the panel type?
- What is the breakup of the market based on the composition?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global aluminum composite panels market and who are the key players?
- What is the degree of competition in the industry?
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being
- 3A Composites (Schweiter Technologies)
- Alubond U.S.A. (Mulk Holdings Group)
- Alumax Industrial Co. Ltd.
- Changshu Kaidi Decoration Material Co. Ltd.
- Guangzhou Xinghe Aluminum Composite Panel Co. Ltd.
- Mitsubishi Chemical Corporation
- Shanghai Huayuan New Composite Materials Co. Ltd.
- Shyang Industrial Co. Ltd.
Key Market Segmentation:
Breakup by Base Coating Type:
- PVDF (Polyvinylidene Fluoride)
- Polyester
- Laminating Coating
- Oxide Film
- Others
Breakup by Panel Type:
- Fire-Resistant
- Antibacterial
- Antistatic
Breakup by Composition:
- Surface Coating
- Metal Skin
- Core Material
- Rear Skin
Breakup by Application:
- Construction
- Automotive
- Advertising Boards
- Railways
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Latin America
- Brazil
- Mexico
- Middle East and Africa
For more information about this report visit https://www.researchandmarkets.com/r/yn62uc
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