Aluminum Composite Panels Market : Business Overview, Major Players, Products Offered and Recent Developments by 2022
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Building & construction segment is projected to grow at the highest CAGR during the forecast period.
The building & construction segment dominated the market in 2018, and is projected to be the fastest-growing application in the next five years, as a result of the rapid urbanization and demand for better quality homes. The demand for aluminum composite panels is expected to be driven by the growing building & construction and advertising industries. In the transportation industry, these panels are used in cars, rails, boats, and aircraft designs.
Core material segment, by composition, is projected to gain maximum traction
The core material segment dominated the market in 2018, and is projected to be the fastest-growing application in the next five years, as a result of its fire-resistance property. The core material is highly preferred in the construction industry.
Asia Pacific dominated the market for aluminum composite panels in 2018
China contributes a major market share in the Asia Pacific aluminum composite panels market. The recovery of the Chinese residential market in 2010 after the 2007–2009 recession and the increase in demand for low-maintenance building products are some of the factors driving the aluminum composite panels market in Asia Pacific. The market in this region is also growing rapidly due to the presence of numerous leading players.
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The report aims at estimating the market size and future growth potential of the market across different segments such as type, base coating type, composition, application, and region. The other objectives include providing detailed information regarding the main factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). It also aims to study the individual growth trends, future prospects, and contribution of various segments to the total market. The study also analyzes opportunities in the market for stakeholders and details of the competitive landscape for the market leaders. The study strategically profiles key players and comprehensively analyzes their core competencies.
• Aluminum composite panel manufacturers
• Raw material producers and suppliers
• Aluminum composite panel distributors and traders
• End-use sectors
• Governments and R&D institutions
• Market research and consulting firms
• Associations and industry bodies
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