Aluminium Composite Panel Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020 - 2025

 Overview

Aluminium Composite Panel Market is forecast to reach $10.23 billion by 2025, after growing at a CAGR of 7.0% during 2020-2025. The growing application range is anticipated to drive the market over the projected span of the lightweight aluminum composite panels for insulation in construction industry. Such composite panels have features such as low thickness, high insulation, fire protection film which are crucial for building structures that are one of the most important factors for demand on the aluminum composite panel market.

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Report Coverage

The “Aluminium Composite Panel Market Report – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Aluminium Composite Panel Market.

          

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Key Takeaways

• Increased construction industry urbanization and development has led, especially in the Asia-Pacific and South America, to an increase in the demand for aluminum composite panels.
• In the Asia-Pacific region, Japan is expected to lead the aluminum composite panels market with its rising inclination to convenient and safe building materials.
• In addition, high surface corrosion resistance and significant applications are expected to drive market growth in kitchens, bathrooms, walls, ceilings.
• The costs and time involved in repairing aluminum panel, for producers could be a major challenge. However, such causes are avoided by new technologies as pre-made adhesive film and extrusion lamination, and the associated costs are fairly high and are thus a challenge.
• The most common coating materials for composite aluminum panels in the market are Polyethylene core (PE).

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Top Coating- Segment Analysis

Aramid fiber composites segment held the largest share in the Aluminium Composite Panel Market in 2018. Due to a variety of applications, including lightweight construction, high-speed trains, and advertising boards. In addition, the segment's growth is expected to benefit from its features, such as corrosion and wear strength and durability.

End-Use Industry - Segment Analysis

Building and Construction sector has been the primary market for Aluminium Composite Panel by growing at a CAGR of 7.4%. This Aluminium composite panel have wide range of applications in this sector, the market is estimated to record significant changes in respective countries. The top countries in the Building & Construction industry are expected to boom over the next five years. Americas and Europe are estimated to continue to emerge in the global glass landscape. Building & Construction end user further segmented into retail stores, restaurants and hotels, airports, hospitals, arts and exhibition centers, shopping malls, and others. Airports is the largest segment with the share of 22.7% followed by restaurants and hotels with 21.2%, and retail stores with 20.2%. Increase in spending of commercial construction especially in the developing countries such as China, India, and South Korea, will increase the demand of construct ion chemicals. Commercial construction will continue to grow in the future. With more consumer spending and governmental investments in tourism, office buildings and retail space, commercial construction businesses will reap the rewards.   

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