Global Aluminum Composite Panel Market Report 2019: Market Expected To Touch USD 8.7 BN By 2026
Posted On January 10, 2020
The Global Aluminum Composite Panel Market Report published by Value Market Research the market was valued close to USD 5.4 BN in 2019 and is anticipated to reach USD 8.7 BN by 2026 with a CAGR of 7% within the forecasted period from 2020 to 2026. The rise in the usage of aluminum composite panels in construction, automotive, advertisement signage and boards owing to its durability is driving the growth of the market. The growing demand for lightweight, durable and tough materials for interior and exterior infrastructural construction purposes is also a factor fuelling the growth of the market. The superior properties of aluminum composite panels such as its weather resistance, stain resistance, improved sound damping, being light-weight and durable are few other factors propelling the growth of the global aluminum composite panel market. Besides, the increase in investment in infrastructural development is also responsible for pushing the market growth.
Aluminum composite panel or ACP is the composite material that is made up of thin-coiled coated aluminum sheets that are bonded over non-aluminum substances. It was originally designed for the purpose of signage but it has expanded its applications in building facades, cladding, false ceilings and wall coverings. The benefits of using aluminum composite panel are that it is ductile, rigid, corrosion resistance, relatively inexpensive, color uniformity, heat & sound insulation, lightweight and weather-resistant. The eco-friendly characteristics of ACP’s coupled with the increasing adoption of green buildings are projected to fuel the product demand over the forecasted period. Besides, aluminum can be painted in any kind of color and aluminum composite panels are produced in a wide range of metallic and non-metallic colors as well as patterns that helps to imitate other materials such as wood or marble. Aluminum sheets can be coated with PVDF, fluoropolymer resins or polyester paint. They are also ideal for vehicles as they are resistant to acid, alkali and ultraviolet rays.
The report “Global Aluminum Composite Panel Market Report By Product (PVF, Polyester, Laminating Coatings, Oxide File And Others), By Application (Construction, Automotive, Advertisement Boards, Railways And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026” covers the market growth, trends, forecasts and key players for the forecasted period from 2020 to 2026.
By product, PVF, polyester, laminating coatings and oxide files are the segments of the global aluminum composite panel market where PVDF has dominated this segmentation owing to the growing use of PVDF coated ACP in the construction and automotive sector. Besides, the advantages associated with PVDF coated ACP that have contributed to its dominance are its relatively cheap value, superior peel strength, toughness and resistance to UV, corrosion, weather changes and water.
By application, construction, automotive, advertisement boards and railways are the classifications provided for the global aluminum composite panel market. Construction has led this classification by accounting for a major share in the market. The rise in per capita income followed by the growing expenditure on construction and refurbishment of new and old infrastructure especially in the residential sector has driven the growth of this segment. Besides, the demand for durable, cost-effective and low maintenance material has further propelled the demand for ACP in the construction sector.
North America, Europe, Asia Pacific, Latin America and Middle East & Africa are the regional segments of the global aluminum composite panel market. The report also further focuses on the demand for individual application segments in all the regions. Asia Pacific has dominated this segment and accounted for maximum market share owing to the booming construction and automotive sector in the region. The growing population and the increasing trend of nuclear families have resulted in high demands for affordable houses which have further boosted the market demand. In addition to this, favorable government initiatives to provide basic needs such as food and shelter to the population have propelled the global aluminum composite panel market growth in the region.
The Report Segments Global Aluminum Composite Panel Market -
- Laminating Coatings
- Oxide File
- Advertisement Boards
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
3A Composites USA Inc., Alcotex Inc., Alubond U.S.A., Aludecor, Arconic, Inc., Dong' E Blue Sky & Seven Color Building Materials Co. Ltd., Euramax, Fairfield Metal LLC, Guangzhou Goodsense Decorative Building Materials Co., Ltd., Hyundai Alcomax Co., Ltd., Interplast, Jyi Shyang Industrial, Mitsubishi Plastics, Inc., Shandong Jixiang Decoration & Building Material Co. Ltd., Shanghai Huayuan New Composite Materials Co. Ltd., Taizhou Kingertai Decoration Material Co., Ltd. and Yaret among others.
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