Aluminium Composite Panels Market Size, Share, Industry, Forecast and outlook (2023-2030)
Global Aluminum Composite Panels Market is segmented By core materials(Plastic, Wood, Other), By coating type(Polyvinylidene fluoride, Fluoropolymer Resins, Polyester Paint), By application type(Construction, Automotive, Packaging, Others), By sales channel(Direct, Indirect), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029
Aluminum Composite Panels Market Overview
Report analyses the Global Aluminum Composite Panels Market size, shares, recent trends, competitive intelligence, and future market outlook. Aluminum Composite Panels usage in cladding and insulation is on the rise. Demand from Construction, Packaging, Automotive in Asia Pacific is spiking. Competitive rivalry intensifies with 3A Composites, Alumax Industrial, Msenco Metal and others operating in the market.
- An aluminum composite panel (ACP) is a flat panel crafted from two aluminum alloy sheets bonded with a non-aluminum core to form a composite. ACP is used for cladding or as facade material in buildings, insulation, and signage.
- ACP is lightweight, rigid, and durable and offers fire resistance, and weatherproofing capabilities and its color does not fade on being exposed to sunlight. The installation cost of ACPs is usually low.
Aluminum Composite Panels Market Scope and Summary
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Metrics |
Details |
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Market CAGR |
6.27% |
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Segments Covered |
By Core Materials, By Coating Type, By Application Type, By Sales Channel, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Aluminum Composite Panels Market Dynamics and Trends
- Properties such as chemical, fire, UV rays, and antibacterial resistance are driving the market for the global aluminum composite panels market.
- Aluminum composite panels are used in automotive which makes the vehicles light-weighted and secured from fire, UV rays, etc.; it has driven the global aluminum composite panels market.
- The plastic core material used in aluminum composite panels makes the product flexible, which is driving the market for global aluminum composite panels market. Market Restraints
- In the burned-out shell of Grenfell Tower in London, the Ministry of Business, Innovation, and Employment audited the certification system, and recommended for suspension of six certificates covering 13 types of aluminum composite panel cladding including six fire resistance (FR) types, making up probably 90% of the market.
- Thus, the suspension of these composite materials can be a significant restraint for the global aluminum composite panels market.
- The cost of automotive has been increasing due to the installation of new products and technology; this leads to high pricing of automotive to the customer which causes significant restraints to the global aluminum composite panels market.
Aluminum Composite Panels Market Segmentation Analysis
By application type
- Aluminum composite panels are used majorly in construction, automotive, packaging, and other industry. APCs are used in automobiles that lighten the weight of the vehicle. The automotive industry segment is growing strongly in this market with the massive sale of passenger vehicles globally. The construction and aviation industry has a significant demand for aluminum composite panels globally.
By coating type
- The coatings used over aluminum composite panels are Polyvinylidene fluoride, fluoropolymer resins, and polyester paint. Polyvinylidene fluoride has the principal market for global aluminum composite panels.
- The coatings that protect the aluminum panel from fire, chemicals, and UV rays are antibacterial, and others are polyvinylidene Fluoride, Fluoropolymer resins, and polyester paint.
By geography
- The Asia Pacific has a significant market for aluminum composite panels and is expected to have continued growth in the forecast period to 2025, as the considerable manufacturer of ACPs is located in China, Taiwan, and Japan, etc.
Aluminum Composite Panels Market Companies
The top five companies for aluminum composite panels are Yaret Industrial Group, 3A Composites GmbH, Jyi Shyang Industrial, Alstrong, and Arsenic. Yet Industrial Group holds the primary market for aluminum composite panels globally.
Frequently Asked Questions
What is the Aluminium Composite Panels Market growth?
The market is growing at a CAGR of 6.27%.
What is the Aluminium Composite Panels Market size in 2021?
The Market size was valued at USD YY million in 2021.