Global Aluminum Composite Panel Market – Industry Analysis, Competitive Strategy during 2019-2025

On the basis of coating base, aluminum composite panel market is categorized in into polyvinylidene fluoride (PVDF), polyethylene (PE), polyester and others that includes oxide film, lamination coating, etc. Polyvinylidene fluoride (PVDF) coating is mainly used as protective films to cover various levels of panel layers and its front side. These are the most commonly used coating base types used in the industry.

By application, aluminum composite panel market is classified into interior decoration, building exterior, insulation, cladding, advertising boards and other sectors that includes automotive, railway carriers, etc. Aluminum composite panel is most popularly used for interior decoration, building exterior, and insulation purposes. Moreover, aluminum composite panel are extensively used in interior & exterior components of automobiles, ship building, and railway carriers, which in turn will propel the growth of market growth in the near future.

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Aluminum Composite Panel Market size is increasing rapidly owing to the growing demand from building & construction industry, rise in outdoor advertisements for marketing, and increasing demand for interior decoration and insulation over the recent.

Furthermore, easy installation, perfect flatness and no volatile organic compounds (VOC) emission are some key factors which will drive the growth of global aluminum composite panels during the forecast timeframe. Aluminum composite panels possess excellent corrosion resistance of the surface in addition to durability, color uniformity, strength and versatility that makes it favorable for significant applications such as kitchens walls, bathrooms ceilings, etc.

Aluminum composite panel materials possess notable strength-to-weight ratio, improved rigidity, durability, UV and weather resistance, making them suitable for exterior coverings of corporate houses and commercial buildings.

Additionally, with high thermal & sound insulation along with resistance to harsh conditions such as alkali salts, acids and pollution, the product finds extensive applications in claddings, interior decorations, building exteriors such as wall coverings and insulations, as well as interior & exterior components of transportation vehicles, such as trucks, ships and passenger cars. These factors will boost the demand for aluminum composite panel market in the near future.

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Aluminum composite panel are prone to dents when exposed to severe impact or calamity. Moreover, factors such as improper sealing & inadequate water proofing to evade water penetration in buildings during rains, may hamper the growth of aluminum composite panel over the projected timespan. Therefore, the aluminum composite panel needs reinforcement with special threads in order to prevent any form any damage.

By product type, aluminum composite panel market is categorized in three types including antibacterial, antistatic, and fire resistant. Antibacterial aluminum composite panel possess excellent resistance to microbial growth and also slows the spread of biofilms on the structure surface. Antibacterial aluminum composite panels find its key application in the manufacturing of interior & exterior wall coverings .

On the basis of end-use sector, the market is categorized into building & construction, transportation and others that mainly includes advertising & marketing. Rising demand from building & construction industry will propel aluminum composite panel market in the coming timeframe.

Asia Pacific is projected to grow with a noteworthy CAGR owing to rise in building & construction activities in addition to growing transportation sector in the developing countries such as China, India, and Indonesia. Growth in the corporate building sector in these countries along with the rise in the number of hotels driven by the regional tourism industry will provide further growth avenues to the regional market over the coming years. Additionally, growing advertising and marketing activities globally will also boost the demand of aluminum composite panel in the region over the projected timespan.

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Some of the important players in aluminum composite panel market are 3A composites, Jyi Shyang Industrial, Arconic Inc., Alstrong Enterprises , Alubond USA., American Building Technologies, Inc., Alcoa Inc., Alumax Industrial Co., Ltd., Yaret Industrial Group, Shanghai Huayuan New Composite Materials Co., Ltd., Mitsubishi Plastics, Inc., Changshu Kaidi Decoration Material Co., Ltd., Guangzhou Xinghe ACP Co., Ltd., and Msenco Metal Co., Ltd. etc.

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