Asia-Pacific Aluminum Cladding Panels Market Development, Segments and Countries Regulatory Path and Key Companies by 2028

Aluminium cladding panels serve as a quintessential element in enhancing the aesthetics and safeguarding the integrity of modern buildings. Crafted from durable aluminium, these panels offer a multifaceted solution, providing both visual appeal and structural protection. By enveloping building exteriors, aluminium cladding panels shield structures from external elements, ensuring longevity and resilience against wear and tear. Moreover, their versatility allows architects to explore diverse design possibilities, seamlessly integrating them into various architectural styles.

The Asia-Pacific aluminum cladding panels market size was valued at $2,410.5 million in 2020, and is projected to reach $3,925.2 million by 2028, registering a CAGR of 6.2% from 2021 to 2028

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Top 10 Leading Players

Almaxco
ALPOLIC
Alstone
Alstrong Enterprises India Pvt. Limited
Euramax
Likeair Architectural Pty Ltd.
Sevenbond
Shanghai Aludream Building Material Co., Ltd
Shanghai Jixiang Technology Group
Valcan Limited

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.

In 2019, based on thickness, the 4mm segment dominated the Asia-Pacific aluminum cladding panels industry, in terms of revenue, accounting for largest share of the Asia-Pacific aluminum cladding panels industry, followed by 6mm and 3mm. Moreover, the market in Asia-Pacific is growing with high CAGR, owing to the urbanization and economic development in the developing countries such as India, China, and others.

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Segmentation Based On:

Based on application, the exterior segment dominated the Asia-Pacific aluminum cladding panels market, in terms of revenue in 2020, and Interior segment is expected growth with significant CAGR during the forecast period. By end user, the commercial and industrial segment dominated the Asia-Pacific aluminum cladding panels market share, in terms of revenue in 2020, and is expected to grow with significant CAGR during the forecast period.

A large number of populations has migrated to cities in China, owing to urbanization. Urban population in China has increased by 59% in last couple of decades. To meet the growth in demand for houses in major cities, the government launched affordable housing scheme in Beijing. For instance, in April 2020, China launched property investment trust to uplift infrastructure development. Such strategies are anticipated to drive the aluminum cladding panels market in China during the forecast period.

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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