Aluminum Composite Panel - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Aluminum Composite Panel Market is accounted for $7.33 billion in 2019 and is expected to reach $14.50 billion by 2027 growing at a CAGR of 8.9% during the forecast period. Increasing demand from end-use industries is the major factor propelling the market growth. However, high repairing cost if broken or dented is likely to inhibit the market growth.
Aluminum composite panels are light-weight compound material consisting of two pre-finished aluminium cover sheets heat-bonded to a core made of polyethylene plastic substance. These panels are used broadly as outer surface layer of commercial buildings and corporate houses.
Based on the vehicle type, the passenger cars segment is estimated to have a lucrative growth owing to increasing demand for private vehicles among customers across the globe. With the rapid urbanization and high disposable income, the customer’s preference is shifting towards personal vehicle rather than travelling by public transport. This change will drive the demand of passenger cars, thereby accelerating the market growth.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the expansion in the construction industry in developing nations like India, China, Indonesia and Vietnam. In addition to this, the quick rise in the population, growing number of green building and the high demand for affordable house will further boost the growth of the market.
Some of the key players profiled in the Aluminum Composite Panel Market include Guangzhou Xinghe Acp, Interplast, Mitsubishi Chemical Corporation, Mulford Plastic, Rusal, Shanghai Huayuan New Composite Material Co Ltd, Yaret Industrial Group , Alcobond, Alstone, Alstrong Enterprise, Alubond A, Alucoil, Amag Metall, Constellium, Alcoa and Jyi Shyang Industrial Co., Ltd.
Vehicle Types Covered:
• Light Commercial Vehicles
• Passenger Cars
Coating Types Covered:
• Laminating Coating
• Oxide Film
• Polyester (PE)
• Polyvinylidene Difluoride (PVDF)
• Core Material
• Metal Skin
• Rear Skin
• Surface Coating
• Column Cover and Beam Wrap
• Interior Decoration
• False Ceilings
End Users Covered:
• Building & Construction
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
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- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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