The Aluminum Composite Panel Market was amounted USD 7,253 million in 2019 and is expected to grow at a CAGR of 7.3% during the 2020-2027.

The factors driving growth of the Aluminum Composite Panel Market includes increasing use of aluminum composite panels in the construction of offices, stadiums, and manufacturing plants, rise in Government’s spending on infrastructure projects and improvements in the living standards. For instance, the Government of India is planning to invest around USD 376.5 billion on infrastructure between 2023-2025, which includes development of 27 of industrial clusters for worth USD 120.5 billion and USD 75.3 billion for the construction of road and port connectivity projects, which will boost the market growth in coming years. Moreover, aluminum composite panels provide enhanced durability, minimizes transmission, and protects the surface from UV-sunlight, heavy rain and harmful bacteria and microbes, which are further accelerating the Aluminum Composite Panels Market size. In addition, the increasing investments by leading players on research and development, growing adoption of advanced technologies and strategic partnerships between companies, are further contributing towards the market growth.

However, aluminum composite requires regular maintenance and incurs and high repairing cost, which is restricting the market growth.

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

Based on Base Coating Type, the Polyvinylidene Difluoride segment is predicted to grow at a significant CAGR during the forecast period

Increasing use of polyvinylidene difluoride solutions across chemical processing, oil & gas, construction, and energy related industries owing to its enhanced resistance level and high strength, is propelling growth of the segment.

Based on Type, the Fire-Resistant segment is projected to capture the capture the largest market share over the forecast period

Fire resistance aluminum composite protects from fire accidents in the residential or commercial areas and provide protection against bacteria or microbes, are pushing growth of the segment.

Based on Region, the Asia-Pacific region is anticipated to dominate the market during the forecast period

As per the Aluminum Composite Panels Market Analysis, rise in the construction of green buildings across India and China, increasing number of infrastructure projects, rapid urbanization, growing per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.

Market Segmentation

Segmentation by Base Coating Type

• Polyvinylidene Difluoride
• Polyethylene
• Polyester
• Laminating Coating
• Oxide Film

Segmentation by Type

• Fire-Resistant
• Antibacterial
• Antistatic

Segmentation by Composition

• Surface Coating
• Metal Skin
• Core Material
• Rear Skin

Segmentation by Application

• Building & Construction
• Advertising
• Transportation
• Automotive

 Segmentation by Region

• Asia Pacific
  • China
  • Japan
  • India
  • Rest of APAC
• North America
  • United States of America
  • Canada
• Europe
  • United Kingdom
  • Germany
  • France
  • Spain
  • Rest of Europe
• RoW
  • Brazil
  • South Africa
  • Saudi Arabia
  • UAE

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