According to a new market report published by Lucintel, the future of the aluminum composite panel market looks promising with opportunities in both the residential and non-residential sectors. The global aluminum composite panel market is expected to grow with a CAGR of 7% from 2020 to 2025. The major drivers for this market are growing demand for lightweight, energy-efficient, & durable materials in various end use industries, rising awareness of protection of the surface from UV-sunlight, heavy rain, wind, humidity, & harmful bacteria & microbes, and increasing urbanization.
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Aluminum composite panels are flat panels consisting of two thin coil-coated aluminium sheets bonded to a non-aluminium core, frequently used for external cladding or facades of buildings, insulation, and signage. In this market, PVDF (polyvinylidene difluoride) and PE (polyethylene) are the major base coating types of aluminum composite panels. Lucintel forecasts that PVDF will remain the largest base coating type segment over the forecast period, as it has properties, like high resistance level, high purity solvents, and excellent strength.
Within this market, fire-resistant will remain the largest application segment over the forecast period due to its remarkable features, such as it prevents fire accidents in the residential or commercial sector. Aluminum composite panels also have properties that provide protection against bacteria and microbes, which boosts the fire-resistant application segment.
Asia Pacific will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to growing construction activities and inclination towards convenient and safe building materials in countries, like China, Japan, India, and others.
Arconic, Yaret, 3A Composites, Alubond, Alumax Industrial, Shanghai Huayuan, Changshu Kaidi Decoration Material, Guangzhou Xinghe, Jyi Shyang Industrial, and Mitsubishi Chemical are among the major suppliers in the global aluminum composite panel market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global aluminum composite panel market by core type, base coating type, application, end use, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Aluminum Composite Panel Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global aluminum composite panel market by core type, base coating type, application, end use, and region as follows:
By Core Type [Value ($ Million) shipment analysis for 2014 – 2025]:
PE Cores (Polyethylene Cores)
FR Cores (Fire Retardant Cores)
Aluminum Honeycomb Cores
By Base Coating Type [Value ($ Million) shipment analysis for 2014 – 2025]:
PVDF (Polyvinylidene Difluoride)
PE (Polyethylene)
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Fire-Resistant
Anti-Bacterial
Anti-Static
By End Use [Value ($ Million) shipment analysis for 2014 – 2025]:
Residential
Non-Residential
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
Italy
France
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.