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
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
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