The global aluminum composite panels market size is
expected to reach USD 8.27 billion by 2025 registering a CAGR of 6.4%,
according to a new report by Grand View Research, Inc. Superior properties of
ACPs, including corrosion and wear resistance and fire protection renders the
product very useful for external cladding, ceiling, flooring, and internal wall
cladding functions in the construction industry. Thus, rapid growth of the
construction and infrastructure industries, most notably in emerging economies,
is expected to drive the market. Growing automotive production in emerging
countries coupled with rising usage of ACPs, as they are lighter than steel, is
expected to benefit the overall market growth.
In addition,
recyclability of automotive aluminum scrap is also likely to provide impetus to
the consumption of product in automotive application. Eco-friendly
characteristics of ACPs coupled with increasing adoption of green buildings is
projected to fuel the product demand over the forecast period. Thermal and
acoustic insulation offered by the product is also projected to increase its
applications in modern construction. The market is moving towards consolidation
on the back of the increasing application scope of the product. However, lack
of process integration and competitive pricing strategies are expected to keep
the competitive rivalry high in the global market over the forecast period.
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click the link below:
https://www.grandviewresearch.com/industry-analysis/aluminum-composite-panel-market
https://www.grandviewresearch.com/industry-analysis/aluminum-composite-panel-market
Further key findings from the study suggest:
· The global aluminum composite panels market
was valued at USD 5.34 billion in 2018 and is expected to grow significantly
during the forecast years due to rising product application scope in the
construction industry
· PVDF was the largest product segment in
2018 and is estimated to expand further due to high product demand as a result
of superior properties, such as resistance to wear & tear, UV, and
corrosion
· The construction sector is anticipated to
witness the highest CAGR over the forecast period on account of rapidly
expanding construction industry in emerging economies, such China, India, and
Brazil
· Passenger cars emerged as the largest
end-use segment in 2018 on account increased usage of ACPs as they are lighter
than steel
· The Asia Pacific market is projected to register
the maximum CAGR of 7.3% over the estimate period primarily due to increased
infrastructure development and construction activities in the region
Grand View Research has
segmented the global aluminum composite panels market on the basis of product,
application, vehicle type, and region:
Aluminum Composite Panels Product Outlook (Volume,
Million Sq. ft., Revenue, USD Million, 2014 - 2025)
·
PVDF
·
Polyester
·
Laminating Coating
·
Oxide Film
·
Others
Aluminum Composite Panels Application Outlook (Volume,
Million Sq. ft., Revenue, USD Million, 2014 - 2025)
·
Construction
·
Automotive
·
Advertisement Boards
·
Railways
·
Others
Aluminum Composite Panels Vehicle Type Outlook (Volume,
Million Sq. ft., Revenue, USD Million, 2014 - 2025)
·
Passenger Cars
·
Light Commercial Vehicles (LCVs)
Aluminum Composite Panels Regional Outlook (Volume,
Million Sq. ft., Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
