Global Aluminium composite panels market was valued US$ 6.10 Bn in 2017 and is expected to reach US$ 10.30 Bn by 2026, at a CAGR of 6.77 % during a forecast period.
Aluminium composite panels are manufactured by the Aluminium composite material, which structured in flat panels. It consist of two thin coil-coated aluminium sheets fused to a non-aluminium core. They are commonly used for external cladding or fronts of buildings, insulation, and signage. A rise in demand for new constructions, rapid urbanization, and mechanization across the globe is expected to drive the global Aluminium composite panels market. Increasing large-scale investments in industrial and infrastructure sectors, the upsurge in construction activities in emerging economies, and an advance of inventive products in the construction market are some of the key factors boosting the growth of the Aluminium composite panels market.
Fluctuations in the pricing of global Aluminium composite panels market are limiting the growth in the global Aluminium composite panels market. Furthermore, key players in the global Aluminium composite panels market are focusing on the development of non-combustible fire resistant cores such as mineral fiber-based products. The high cost of repairs and raw materials is the major challenge for the global Aluminium composite panels market. Polyvinylidene difluoride is expected to share significant growth in the global Aluminium composite panels market. The growth can be attributed to its usage in an array of applications such as Chemical processing, Electricity, batteries, and electronic components, Construction and architecture, Healthcare and pharmaceutics, Biomedical research, Ultra-pure applications, Nuclear waste handling, Petrochemical, oil and gas, Food, beverage processing and Water, wastewater management. Polyvinylidene difluoride is a thermoplastic that states adaptability for applications similar to other thermoplastics, predominantly fluoropolymers. Its resin is heated and used in extrusion and injection molding to generate polyvinylidene difluoride pipes, sheets, coatings, films, and bulk containers.
Fire-resistant is projected to share substantial growth in the global Aluminium composite panels market. Aluminium composite panels are available in the market, which is made of fire-resistant materials. These panels are built to meet codes for large buildings applications Building & Construction segment is expected to lead global Aluminium composite panels market. The growth can be attributed to the rapid urbanization and increasing demand for better quality homes structure. These panels are one of the most favored construction material when it derives to executing modern day architectural and interior designs in the building & construction segment. These panels are used in applications such as cladding, partitions, False Ceilings, Signage.
The Asia Pacific is expected to lead global Aluminium composite panels market. Aluminium composite panels are widely used in the automotive sector is also projected to play a key role in the industry growth over the forecast period. The Asia Pacific is the hub for automotive sector owing to the increasing the foreign direct investment in the emerging countries. Increasing building and construction sector owing to the rising population, urbanization in the developing economies such as India and China are contributing to the growth in the Aluminium composite panels market. It is also impacting positive influence on the original equipment manufacturer. One of the thing which have to consider for Aluminium composite panels market in the North America and Europe, polyethylene material which is used for the construction of the aluminium panel is banned in the U.S and Germany is substantiating to be a major threat for market key players.
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The Scope of the Report for Global Aluminium Composite Panels Market
Global Aluminium Composite Panels Market, By Base Coating Type
• Polyvinylidene difluoride • Polyethylene
Global Aluminium Composite Panels Market, By Type
• Fire-resistant • Anti-bacterial • Anti-static
Global Aluminium Composite Panels Market, By Composition
• Surface coating • Metal skin • Core material • Rear skin • Others
Global Aluminium Composite Panels Market, By Application
• Building & Construction • Advertising • Transportation • Others
Global Aluminium Composite Panels Market, By Geography
• North America • Europe • Asia Pacific • Middle East & Africa • South America
• Mitsubishi Chemical Corporation • Jyi Shyang Industrial • Alstrong • Arconic • Yaret Industrial Group • 3A Composites • Alubond U.S.A. • Alumax Industrial • Shanghai Huayuan New Composite Materials • Changshu Kaidi Decoration Material • Guangzhou Xinghe Aluminium Composite Panel • Jyi Shyang Industrial. • EURO PANELS PRODUCTS PVT LTD • Constellium • Mulford Plastics • RUSAL • Interplast • Aludecor Lamination Pvt. Ltd. • VIVA COMPOSITE PANEL PVT. LTD. • Taizhou Kingertai Decoration Material Co., Ltd. • Alucoil • MBond Manufacturer Sdn Bhd • Kingaluc • Harwal Group of Companies • Xinjiang Yayet Chemical Co., Ltd.
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