Press release
Aluminium Composite Panels Market Leading players, Growth Drivers And Forecast 2029
Aluminium Composite Panels Market is expected to reach USD 11.51 Bn. by 2029, exhibiting a CAGR of 8.6% during the forecast period (2023-2029).Aluminium Composite Panels Market Report Scope and Research Methodology
Report Scope:
This comprehensive market research report delivers vital insights into the evolving landscape of the Global Aluminium Composite Panels Market, encompassing market size, key drivers, restraints, and regional dynamics.
Research Methodology:
Our research methodology integrates in-depth analysis with historical market data (2016-2019), offering essential benchmarks for the current market scenario. The report profiles key market players, including leaders, followers, and emerging entrants, providing valuable insights for investors.
Know More About The Report: https://www.maximizemarketresearch.com/market-report/global-aluminium-composite-panels-market/24129/
What are Aluminium Composite Panels Market Dynamics?
Drivers:
The Aluminium Composite Panels Market is poised for growth, driven by factors such as easy installation, absence of volatile organic compound (VOC) emissions, exceptional flatness, and remarkable corrosion resistance. These panels are integral in various applications, including kitchens, bathrooms, walls, partitions, and ceilings. Their durability, strength, color consistency, and adaptability contribute to their increasing demand. Furthermore, ACPs find favor in the automotive sector, where they are employed to dampen sound and add aesthetic appeal, benefiting from their lightweight and user-friendly installation. Regular maintenance is crucial to maximize their longevity and structural integrity.
Trends and Opportunities:
The demand for strong and lightweight construction materials is propelling the growth of Aluminium Composite Panels. With their exceptional strength-to-weight ratio, weather resistance, thermal and acoustic insulation, and resilience to harsh environments, ACPs are a favored choice for cladding, exterior wall insulation, and both interior and exterior components of vehicles. The construction sector, particularly in growing economies such as China, India, Brazil, and Russia, is witnessing rapid expansion, with substantial investments and infrastructure demand. Asia-Pacific, the Middle East, and Africa are key regions of growth, while India's infrastructure investments and the adoption of green building practices are expected to bolster the ACP market.
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
By Type, 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.
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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.
Table of content for the Aluminium Composite Panels Market includes:
Part 01: Executive Summary
Part 02: Scope of the Aluminium Composite Panels Market Report
Part 03: Global Aluminium Composite Panels Market Landscape
Part 04: Global Aluminium Composite Panels Market Sizing
Part 05: Global Aluminium Composite Panels Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Regional Insights:
Asia-Pacific: Dominating the global ACP market share, Asia-Pacific is experiencing increased construction activity and a growing demand for low-maintenance building materials. ACPs are integral in meeting aesthetic and decorative needs in the interior decor of hotels, driven by substantial investments by ASEAN tourist agencies.
China: China's strong focus on infrastructure development, with significant GDP contributions from the construction sector, underscores its importance in the Aluminium Composite Panels Market. Furthermore, the shift toward prefabrication in construction is expected to drive ACP demand. The Chinese market is projected to reach USD 2.1 billion by 2029, with a CAGR of 8.6% from 2023 to 2029.
India: With increased investments in the residential and commercial sectors, as well as government initiatives, India's construction industry is poised for growth. It is expected to drive the ACP market in the country, which is forecasted to reach a market size of USD 1 trillion by 2029 and contribute 13% to India's GDP by 2025.
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Global Artificial Intelligence (AI) Healthcare Market: https://www.maximizemarketresearch.com/market-report/global-artificial-intelligence-ai-healthcare-market/21261/
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