Press release
Aluminium Composite Panels Market is expected to reach USD 11.51 Bn. by 2029, exhibiting a CAGR of 8.6% during the forecast period .
Aluminium Composite Panels Market
Report Scope: The comprehensive market research report delves into the dynamics, trends, drivers, and restraints shaping the Aluminium Composite Panels (ACP) industry. It presents an in-depth analysis of market values, growth prospects, and regional insights, providing a comprehensive understanding of this evolving market.
Research Methodology: This report is compiled through extensive research utilizing a combination of primary and secondary sources, ensuring the accuracy and reliability of the information presented. Market data is meticulously analyzed to provide a detailed overview of the Aluminium Composite Panels market landscape.
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What are Aluminium Composite Panels Market Dynamics?
Market Drivers:
The Aluminium Composite Panels market is primarily driven by the burgeoning construction sector, marked by its growth in regions like the United States and Europe. The panels find widespread use in commercial, industrial, and residential applications due to their affordability, durability, and versatility.
The rising demand for lightweight building materials has propelled the adoption of Aluminium Composite Panels, owing to their exceptional strength-to-weight ratio and various desirable properties. Additionally, the automotive industry has embraced these panels for their sound dampening properties and aesthetic appeal, fostering further market growth.
Market Restraints:
While Aluminium Composite Panels offer numerous benefits, the market faces challenges due to fluctuating raw material costs. The procurement of core elements like polyethylene and aluminum metal significantly impacts the overall panel prices. Raw material prices have experienced volatility due to factors such as crude oil fluctuations and currency variations, posing a restraint on market growth.
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Aluminium Composite Panels Market Segmentation?
by Base Coating Type
Polyvinylidene difluoride
Polyethylene
Type of Base Coating Polyvinylidene difluoride dominated the market in 2022, accounting for more than 34.4% of the Aluminium Composite Panels Market, due to a wide range of applications including lightweight buildings, high-speed trains, and advertisement boards. Durability and other attributes like corrosion and wear resistance are also likely to promote segment expansion. Because of characteristics like extraordinary stiffness, surface flatness, smoothness, and thermal and acoustical insulation, PE panels are very frequently used in construction. Due to benefits including simplicity of manufacture and processing, it is anticipated to grow greatly in the future.
by Type
Fire-resistant
Anti-bacterial
Anti-static
During the projected period, the fire-resistant ACP segment is anticipated to increase more quickly.
ACPs are constructed from two thin sheets of aluminium sandwiched between two layers of insulation. ACPs are also referred to as sandwich panels as a result. Among the components used to create the insulating material are Polyethylene (PE), Polyisocyanurate (PIR), Polyurethane (PUR), Expanded Polystyrene (EPS), Extruded Polystyrene (XPS), and Modified Phenolic Foam. The materials glass wool and stone wool are inflammable.
In recent years, a number of non-combustible and limited-combustibility ACPs (with varying specifications) have been introduced. ACPs that are fire-resistant or fire-retardant are offered by several well-known companies. As a result, the building and construction industries are predicted to drive greater growth for the fire-resistant ACP (ACPs with non-combustible insulation) sector.
Who are Aluminium Composite Panels Market Key Players?
1. Mitsubishi Chemical Corporation
2. Jyi Shyang Industrial
3. Alstrong
4. Arconic
5. Yaret Industrial Group
6. 3A Composites
7. Alubond U.S.A.
8. Alumax Industrial
9. Shanghai Huayuan New Composite Materials
10.Changshu Kaidi Decoration Material
11.Guangzhou Xinghe Aluminium Composite Panel
12.Jyi Shyang Industrial.
13.EUROBOND - EURO PANEL PRODUCTS LIMITED.
14.Constellium
15.Mulford Plastics
16.RUSAL
17.Interplast
18.Aludecor Lamination Pvt. Ltd.
19.VIVA COMPOSITE PANEL PVT. LTD.
20.Taizhou Kingertai Decoration Material Co., Ltd.
21.Alucoil
22.MBond Manufacturer Sdn Bhd
23.Kingaluc
24.Harwal Group of Companies
25.Xinjiang Yayet Chemical Co., Ltd.
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Regional Insights:
Asia-Pacific: This region dominates the global Aluminium Composite Panels market due to escalating construction activities and demand for low-maintenance building materials. Growing investments in infrastructure across countries like China and India contribute to the market expansion. China, in particular, is expected to witness substantial growth, driven by its focus on construction and infrastructure development.
North America: The North American market benefits from the rising demand for green buildings and government initiatives promoting improved infrastructure. The increasing adoption of panels to meet energy and building regulations, along with the growth of electric and hybrid vehicles, further contributes to market growth.
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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