Aluminium Composite Panels Market - New Actionable Insights 2023

 

According to a new report published by UnivDatos Markets Insights, the Aluminium Composite Panels Market was valued at more than USD XX million in 2020 and is expected to grow at a CAGR of around 6% from 2022-2028. The analysis has been segmented into Product Type (Polyvinylidene Fluoride (PVDF), Polyester (PE), and Others); Type (Fire Resistant, Antistatic, and Antibacterial); Vehicle Type (Passenger Cars and Light Commercial Vehicles); Application (Building & Construction, Advertisement Boards, Automotive, Railways, and Others); Region/Country.

The aluminium composite panels market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the aluminium composite panels market. The aluminium composite panels market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the aluminium composite panels market at the global and regional levels.

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Market Overview

Aluminium Composite Panels (ACPs) are panels made of a non-toxic polyethylene (PE) core and two pre-coated, thermally bonded aluminium skins on either side. In the extract, they are flat panels constructed of an aluminium composite material that consists of two thin coil-coated sheets of aluminium connected to a core made of another material. ACPs are also utilized in the construction of insulation, signs, and outside facades or cladding. Major companies in the market offer ACPs for building & construction applications with technologically advanced features. For instance, in 2019, Arconic Inc. launched an aluminium composite panel, Reynobond with EcoClean, which is a self-cleaning panel that uses sunlight to break down dirt and other organic materials.

Factors such as increasing demand from the building & construction industry, increasing adoption, and product launches in the market are some of the prominent factors that are positively influencing the market growth globally.

Some of the major players operating in the market include Arconic Corporation; ALUBOND U.S.A.; ALUMAX COMPOSITE MATERIAL (JIANGYIN) CO., LTD.; Mitsubishi Chemical Corporation.; 3A Composites; Alstrong Enterprises India (Pvt) Limited; Msenco Metal; Fairfield Metal; Viva Aluminium Composite Panel; Alcoa Corporation.

COVID-19 Impact

The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted industries and has transformed the way industries are delivered. The aluminium composite panels market has been significantly affected during these times owing to the delay in the supply chain, no movement in building & construction sites, delay in labour work and many others. during the pandemic.

The global aluminium composite panels market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

·        Based on product type, the market is segmented into polyvinylidene fluoride (PVDF), polyester (PE), and others. The polyvinylidene fluoride product type accounted for a significant market share in 2021. Polyvinylidene fluoride (PVDF) is a type of coating that is commonly used on Aluminium Composite Panels (ACPs) to improve their durability, weather resistance, and aesthetic appeal. ACPs with PVDF coating are commonly known as PVDF ACPs. In addition to their durability, PVDF ACPs also offer a wide range of colour options and surface finishes, including metallic, matte, and glossy finishes. This allows architects and designers to create customized designs and patterns that meet their specific requirements.

·        Based on type, the market is categorized into fire resistant, antistatic, and antibacterial. Among these, antibacterial are to hold a significant share of the market in 2021. This is mainly due to the ACPs that have been specially treated with antibacterial agents to prevent the growth of bacteria, viruses, and other microorganisms on their surfaces. This is particularly important in environments where hygiene is a critical concern, such as hospitals, clinics, laboratories, and food processing plants. Thus, escalating the use of antibacterial ACPS in the market.

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Aluminium Composite Panels Market Geographical Segmentation Includes:

·        North America (U.S., Canada, Rest of North America)

·        Europe (Germany, U.K., France, Spain, Italy, Rest of Europe)

·        Asia-Pacific (China, India, Japan, Rest of Asia-Pacific)

·        Rest of the World

APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasing demand for sustainable and low-maintenance building materials that offer both aesthetic and functional benefits leading to the growth of aluminium composite panels in the region. Moreover, the APAC region, including countries such as China, India, and Australia, is one of the largest and fastest-growing markets for aluminium composite panels. As the construction industry in these countries is rapidly expanding. Since aluminium composite panels are a prevalent choice for building cladding and decoration due to their affordability, durability, and versatility.

The major players targeting the market include

·        Arconic Corporation

·        ALUBOND U.S.A.

·        ALUMAX COMPOSITE MATERIAL (JIANGYIN) CO., LTD.

·        Mitsubishi Chemical Corporation.

·        3A Composites

·        Alstrong Enterprises India (Pvt) Limited

·        Msenco Metal

·        Fairfield Metal

·        Viva Aluminium Composite Panel

·        Alcoa Corporation

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the aluminium composite panels market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the aluminium composite panels market?

• Which factors are influencing the aluminium composite panels market over the forecast period?

• What are the global challenges, threats, and risks in the aluminium composite panels market?

• Which factors are propelling and restraining the aluminium composite panels market?

• What are the demanding global regions of the aluminium composite panels market?

• What will be the global market size in the upcoming years?

• What are the crucial market acquisition strategies and policies applied by global companies?

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