Global Aluminium Composite Panels market – Opportunities & Forecast, 2019-2026

Press Release : April 22, 2020
Global Aluminium Composite Panels market – Opportunities & Forecast, 2019-2026

Aluminium Composite Panels, popularly known as ACP, contains a flat panel consisting of two thin coil-coated aluminium sheets bonded to a non-aluminium core. The Aluminium Composite Panels are low priced, can be cut and shaped in any size or shape, thus making them perfect for exterior cladding systems, ceiling decoration and signage boards. ACP offers various technical advantages over the traditional material such as it is lightweight, highly flexible, easy to install, durable along with a wide range of colours and textures. The Aluminium Composite Panel is a great way to add elegance and modern touch to the buildings.

The major factor contributing towards the growing demand of the Global Aluminium Composite Panel market includes the increasing application in different sectors including transportation, building & construction and advertising boards due to its several properties such as lightness, fire resistance, non-combustibility, time and cost-effectiveness, and acoustic insulation. The Aluminium composite panel enhances the appearance of the internal & external walls with easy maintenance and high durability. The increase in the demand for aluminium composite panel due to the standardization in the building & construction industry will further accelerate the growth of the market. The emerging international building code with unique designs provide more sustainability and energy efficiency which will drive the demand for Aluminium Composite Panels over the coming years. Moreover, the increasing construction of factories, manufacturing plants, stadiums and corporate offices will have a positive impact on the Aluminium Composite Panel market across the globe. According to the global construction 2030 report by Global Construction Perspectives and Oxford Economics, the global construction industry is expected to reach USD 8 trillion by 2030. Several developing economies such as India, China and Saudi Arabia are largely focusing on the upcoming construction projects. For instance, the “Make in India” program launched by the Government of India, is specially designed to encourage companies to manufacture their products in India. This initiative is promoting the construction of new industrial and commercial projects in India. On the other hand, the regular maintenance cost and high repairing cost of the aluminium composite panel will hamper the growing demand of the market over the coming years.

Based on Base Coating Type, the Global Aluminium Composite Panel market is segmented into Polyvinylidene Difluoride, Polyethylene, Polyester, Laminating Coating and Oxide Film. The Polyvinylidene Difluoride (PVDF), also known as Polyvinylidene fluoride, is expected to grow at a higher CAGR during thee forecast period due to the increasing usage of PVDF in sheets, films, membranes and coating in multiple industries such as chemical processing, oil & gas, construction and energy. PVDF is mainly used in applications which requires high resistance level, purity to solvents and excellent strength.

Request for Sample Report – https://www.gmiresearch.com/report/global-forecast-aluminium-composite-panel-market/sample-request

Based on the region, Asia-Pacific is projected to the highest market share during the forecast period owing to the expansion in the construction industry in developing nations like India, China, Indonesia and Vietnam. In addition to this, the rapid rise in the population, increasing number of green building and the high demand for affordable house will further boost the growth of the Global Aluminium Composite Panel market during the forecast period.

Various notable players operating in the market include Arconic, Yaret Industrial Group Co., Ltd., Mitsubishi Chemical Corporation, 3A Composites GmbH, Alubond U.S.A., Alumax Industrial Co., Ltd., Shanghai Huayuan New Composite Materials Co., Ltd., Chanshu Kaidi Decoration Material Co., Ltd., Guangzhou Xinghe Aluminium Composite Panel Co., Ltd., Jyi Shyang Industrial Co., Ltd. among others.

The Global Aluminium Composite Panel market has been segmented based on Base Coating Type, Type, Composition, Application and Vehicle Type. Based on Base Coating Type, the market is segmented into Polyvinylidene Difluoride, Polyethylene, Polyester, Laminating Coating and Oxide Film. Based on Type, the market is segmented into Fire-Resistant, Antibacterial and Antistatic. Based on Composition, the market is segmented into Surface Coating, Metal Skin, Core Material and Rear Skin. Based on Application, the market is segmented into Building & Construction, Advertising, Transportation and Automotive. Based on Vehicle Type, the market is segmented into Passenger Cars and Light Commercial Vehicles.

Request for Customization – https://www.gmiresearch.com/report/global-forecast-aluminium-composite-panel-market/request-for-customization

Key questions answered in this research report:

    • At what pace is the global Aluminium Composite Panels market growing? What will be the growth trend in the future
    • What are the key drivers and restraints in the global Aluminium Composite Panels market? What will be the impact of drivers and restraints in the future?
    • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Aluminium Composite Panels market?
    • What are the various application areas of the global Aluminium Composite Panels market and how they are poised to grow?

For Additional Insights, Click to Access Complete Report – https://www.gmiresearch.com/report/global-forecast-aluminium-composite-panel-market/

About GMI Research

GMI Research is a market research and consulting firm which provides research-based solutions to business executives and investment professionals so that they can make right business & investment decisions faster based on real facts. We help business leaders through independent fact-based insight, ensuring their business achieve success by beating the competition. GMI Research’s leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our client’s business problems and add significant value to long lasting relationship.

The company provides syndicated research report, customized research, sales enablement research, data analytics and KPO (knowledge process outsourcing) service for Electronics & Semiconductors, Information Communication and Technology, Energy & Power, Healthcare, Automotive, Transportation & Logistics and Chemical industries. Our analysts and consultants who are passionate about research and consulting are recruited from renowned local and global universities and have worked with the leading local and international organizations.

Contact Us

Company Name: GMI RESEARCH

Contact Person: Sarah Nash

Email: enquiry@gmiresearch.com

Phone: +353 1 442 8820

Address:Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate

City: Dublin

State: Dublin

Country: Ireland

Website: www.gmiresearch.com 

Notes to editors

For more information please contact:
enquiry@gmiresearch.com Tel: +353 1 442 8820 email: enquiry@gmiresearch.com Visit the newsroom of: arifahmadknp