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Asia-Pacific Aluminum Cladding Panels Market Analysis, 2021-2028 | Size, Share & Future Growth Opportunities
Asia-Pacific Aluminum Cladding Panels Market
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The commonly observed types of aluminum cladding panels based on thickness are 3 mm, 4 mm, 6 mm, and others. The market is analyzed with respect to different application in industrial verticals provided, such as industrial & commercial and residential. The market is mainly driven by economic growth, and development in residential, commercial, & industrial sectors in Asia-Pacific. However, fluctuation in raw material prices limit the Asia-Pacific aluminum cladding panels market growth.
Covid-19 Impact Analysis
COVID-19 has already affected the sales of aluminum cladding panels in the last quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year. The major demand for aluminum cladding panels was previously badly affected by the spread of coronavirus; thereby, halting the demand for aluminum cladding panels. Further, the disruption of supply chains is causing hindrance in completing the installation of aluminum cladding panels in new residential and commercial buildings.
China hold a dominant position in the Asia-Pacific aluminum cladding panels market forecast and Vietnam is projected to be the fastest growing segment, registering a CAGR of 9.4%. This is attributed to surge in government initiatives to expand the commercial construction projects. Furthermore, many companies adopted product launch, as its key developmental strategies to sustain the intense competition and improve its product portfolio.
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Key Players
The key companies profiled in the report include Almaxco, ALPOLIC, Alstone, Alstrong Enterprises India Pvt. Limited, Euramax, Likeair Architectural Pty Ltd., Sevenbond, Shanghai Aludream Building Material Co., Ltd, Shanghai Jixiang Technology Group, and Valcan Limited.
Key Market Segments
By Thickness
3mm
4mm
6mm
Others
By Application
Exterior
Interior
By End-user
Residential
Commercial & Industrial
By Region
Asia-Pacific
China
Taiwan
Australia
Singapore
Vietnam
Thailand
Indonesia
Rest of Asia-Pacific
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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