Aluminum composite panel, known as ACP, is delivered using aluminum composite material (ACM), containing two pitifully secured aluminum plates. It contains two specific materials—non-metal and metal. It’s essential features include lightweight, durability, robustness, and cost-effectiveness. It is broadly used open air events. It is also used for cladding, parcels and building outside dividers, window ornament divider panels, remodelling of old structures, and show stands.
Aluminum composite panel comprises of two high-strength aluminum sheets of polyethylene plastic. It is broadly used as outside cover for business structures and corporate houses. On the basis of coating type, it is divided into polyvinylidene difluoride and polyethylene. Polyvinylidene difluoride is a semi-crystalline, highly purity thermoplastic fluoropolymer. Polyethylene is used in films, laminates, plastic art, and tubes. Increase in application of antistatic aluminum composite panels in partition board and ceiling, chemical warehouse, computer room, hospital operation room, and others is one of the important factors expected to drive the growth of the global aluminum composite panel market.
Aluminum composite panels find applications in transportation, building & development, and publicizing sheets. Aluminum composite panelsexhibit gentility, protection from pressure, imperviousness to fire, non-instability, non-poisonous exhaust, time-and cost-viability, and acoustic protection. Such properties are expected to boost the demand for aluminum composite panels during the forecast period. These panels are mostly used in interior as well as exterior parts of the building structure.
Surge in applications of aluminum composite panel in healthcare, and manufacturing industries is expected to drive the growth of the global aluminum composite panel market. In addition, increase in requirement for sophisticated aluminum composite panels in building & construction industries is also an important factor expected to drive the market growth during the forecast period. This panel is resistant and heat resistant and thus is widely used in the manufacturing industries. This in turn is expected to boost the growth of the global aluminum composite panel market. Aluminum composite panels are used for industrial & commercial construction activities such as metal finishing and metal blending. This increases the focus of the construction industry toward energy efficiency and sustainability. This in turn is expected to drive the market growth.
Currently, aluminum composite panels are laminated with the help of new technologies such as extrusion lamination and lamination with premade adhesive films. However, the cost associated with these technologies is quite high, thereby restraining the market growth. Emerging economies are focusing on rapid digitalization over the last few decades. The growth of various industries such as construction and transportation depends on various macroeconomic factors such as cost of living and GDP growth. Hence, economic developments combined with raw materials and easy availability of labor, majorly drive the continuous expansion of production facilities. Aluminum composite panels are used in construction & transportation industries, which is expected to increase the dem and. In addition, surge in requirement of these panels in China, the U.S., the UAE, Germany, India, and Japan is expected to foster the growth of the market.
The aluminum composite panel market is segmented into base coating type, product type, application, composition, and region. By base coating type, it is differentiated by polyethylene and polyvinylidene difluoride. By product type, it is categorized into anti-bacterial, anti-static, and fire-resistant. By application, it is classified into construction & building, advertisement boards, and transportation. By composition, it is bifurcated into core material and metal skin. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the global aluminum composite panel market include Yaret Industrial Group, American Building Technology, Alumax Industrial Corporation Ltd., Alcoa Inc., Changshu Kaidi Decoration Material Corporation, Ltd., Guangzhou Xinghe ACP CorporationLtd.,Jyi Shyang Industrial Corporation Ltd., Shanghai Huayuan New Composite Materials Corporation Ltd., Mitsubishi PlasticsInc., and Msenco metal Corporation Ltd.
Key Benefits for Stakeholders
The study provides an in-depth analysis of the current & future trends of the global aluminum composite panel market to elucidate imminent investment pockets.
Information about key drivers, restraints, opportunities, and their impact analysis on the market has been provided.
Porter’s five forces analysis illustrates the potency of buyers & suppliers that operate in the industry.
The quantitative analysis of the global aluminum composite panel market from 2020 to 2027 has been provided to determine the market potential.
Key Market Segments
By Base Coating Type
- Polyvinylidene Difluoride (PVDF)
- Polyethylene (PE)
By Product Type
- Fire Resistant
- Building & Construction
- Advertising Boards
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
Key Market Players
- Alcoa Inc.
- Yaret Industrial Group
- American Building Technology
- Alumax Industrial Corporation Ltd.
- Shanghai Huayuan New Composite Materials Corporation, Ltd.
- Changshu Kaidi Decoration Material Corporation, Ltd.
- Guangzhou Xinghe ACP Corporation, Ltd.
- Jyi Shyang Industrial Corporation., Ltd.
- Mitsubishi Plastics, Inc.
- Msenco metal Corporation., Ltd.