ALUMINUM COMPOSITE PANEL MARKET WILL SEE SIGNIFICANT DEVELOPMENT IN 2018-2028

Global Aluminum Composite Panel Market: Definition and Introduction

Indoor / outdoor decoration is a global trend that has been adopted into building facilities and needs in areas such as design, architecture and technology that are guiding consumers with modern decorations. Aluminum composite panels are considered an ideal solution for the construction industry. Aluminum composite panels are very light, rigid and strong. Aluminum composite panels consist of two thin, foil-coated aluminum sheets that are connected with a thermoplastic, mineral and aluminum core made of non-aluminum. The main uses of aluminum composite panels are cladding, partitions, false ceilings and other suitable uses. In terms of mechanical properties, aluminum composite panels include combustible, easily inflammable and usually very thin high-pressure laminates.

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Global market dynamics for aluminum composite panels

The construction of new buildings and the renovation of existing buildings in the commercial and private construction sector, in turn, have significantly driven the demand for aluminum composite panels in the forecast period, i.e. 2018 to 2028. The construction industry has seen sustained growth in the past several decades due to growing public infrastructure programs, schools, libraries, shopping malls, hospitals and other construction activities around the world. Significant growth is expected for commercial constructions in the forecast period, which can be attributed to employment growth, especially in the high-tech labor market. This will increase the demand for building materials such as aluminum composite panels for building office space. Recommendations from architects and interior designers also highly deserve the use of aluminum composite panels.

In addition, the increased construction of social and private hospitals, as well as spending on schools and educational institutions, are key factors driving the demand for building materials, i. H. Aluminum composite panels, and thus the global market for aluminum composite panels, which is estimated to be significant in the forecast period, are expected to drive.

Innovative constructions in shopping centers and hotels or lodges are mainly driven by the demand for exterior or interior decoration products such as aluminum composite panels. Hence, these factors will be a major trend for the global Aluminum Composite Panel market by the end of 2028. The low maintenance requirements and the long service life (10 to 20 years) of aluminum composite panels mean that there is little substitution of aluminum composite panels. Due to the close collaboration between dealers and suppliers both horizontally and vertically, customers are focused on maintenance, which is likely to reduce the demand for new installations of aluminum composite panels. This could hinder the growth of the global aluminum composite panel market during the forecast period.

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Global Aluminum Composite Panels Market Segmentation

The Aluminum Composite Panel market is segmented on the basis of product coatings, applications, end-use industries, and regions.

The global aluminum composite panel market can be segmented based on the following applications:

PVDF coatings aluminum composite panels
PE coatings aluminum composite panels
Other

The global aluminum composite panel market can be segmented based on the following applications:

building
transport
advertising
Roofing materials
Signage
Other

Worldwide Aluminum Composite Panel Market can be segmented on the basis of end-use industry as follows:

Construction industry
automobile
Other

Global Aluminum Composite Panel Market: Regional Outlook

In terms of geographic segmentation, the global Aluminum Composite Panels Market can be segmented into seven regions; H. Europe, China, North America, Middle East and Africa, Japan, Latin America and Southeast Asia Pacific. Among these, the Southeast Asia-Pacific is seen as a more lucrative platform for the aluminum composite panel market due to increasing urbanization and industrialization in the region during the forecast period. North America is expected to be the second largest market for aluminum composite panels. The rapidly growing construction industry market in Europe is expected to have a prominent share of the global aluminum composite panel market over the forecast period. Among the emerging markets, the Middle East and Africa as well as China are expected to show moderate growth through the end of 2028.

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Global Aluminum Composite Panel Market: Key Players

The global aluminum composite panel market is expected to be fragmented during the forecast period. Market participants identified in the value chain of the global aluminum composite panel market include Mitsubishi Chemical Corporation, Yaret Industrial Group Co., Ltd., 3A Composites GmbH, Jyi Shyang Industrial, Alstrong, Arconic, Aludecor, Viva and EURO PANELS PRODUCTS PVT LTD, Constellium, Mulford Plastics, RUSAL, Interplast and among others.

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