Global aluminum composite panel market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. The aluminum composite panel is termed as thin sandwich-type panels that comprise a non-aluminum core fused between aluminum sheets. Because of their sturdiness and lightweight, they can be used as external claddings on multi-level buildings.
The factors that are playing a major role in the growth of the market are the rising demand from the end-users and the rapid growth of the automotive sector across the globe. However, the availability of alternatives and the fluctuating cost of raw materials may restrain the overall market in the years to come. Aluminum composite panel market is segmented based on base coating type, type, composition, application, and region.
Based on base coating type, polyethylene (PE) and polyvinylidene difluoride (PVDF) could classify aluminum composite panel in the forecast period. Anti-static, fire-resistant, and anti-bacterial are the types that could be explored in the aluminum composite panel in the forecast period.
Based on the composition, rear skin, surface coating, core material, metal skin, and others could classify aluminum composite panel market in the forecast period. The core material sector accounted for the substantial share of the market and is estimated to lead the overall market in the years to come. The reason could be its fire resistance property and the high demand from the construction industry.
The market may be categorized based on applications like transportation, building & construction, advertising, and others could classify aluminum composite panel in the forecast period. The building & construction sector accounted for the significant share of the market and is estimated to continue its dominance in the years to come. The reason could be the rapid urbanization and the increasing disposable income.
Globally, Asia Pacific accounted for the significant share of aluminum composite panel industry and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the rising demand for low-maintenance building products, the presence of key manufacturers in the region, and the recovery of the Chinese residential market. The developing countries like India and China are the major consumers of aluminum composite panel in this region. The Middle East and Africa (MEA) follow the suit.
The key players of aluminum composite panel market are Mitsubishi Chemical, Arconic, Jyi Shyang Industrial, Yaret Industrial Group, Guangzhou Xinghe Acp, 3a Composites, Changshu Kaidi Decoration Material, Alubond U.S.A., Shanghai Huayuan New Composite Materials, and Alumax Industrial. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
Leading players of Aluminum Composite Panel including:
• 3A Composites
• Mitsubishi Plastic
• Sistem Metal
• Jyi Shyang
Market split by Type, can be divided into:
• Common Panels
• Anti-fire Panels
• Anti-bacteria Panels
• Antistatic Panels
Market split by Application, can be divided into:
Market split by Sales Channel, can be divided into:
• Direct Sales
• Distribution Sales
Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America Brazil, Argentina, Colombia and Chile etc.)
• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)
Research Support Specialist, USA