Global aluminum composite panels market size was USD 5.33 billion in 2018 and is projected to reach USD 8.71 billion by 2026, exhibiting a CAGR of 6.1% during the forecast period.

All News News

Trusted Business Insights answers what are the scenarios for growth and recovery and whether there will be any lasting structural impact from the unfolding crisis for the Aluminum Composite Panels market.

Trusted Business Insights presents an updated and Latest Study on Aluminum Composite Panels Market 2019-2029. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. The report further elaborates on the micro and macroeconomic aspects including the socio-political landscape that is anticipated to shape the demand of the Aluminum Composite Panels market during the forecast period (2019-2029).
It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.

Get Sample Copy of this Report @ Aluminum Composite Panels Market Size, Share & Industry Analysis, By Product (Polyvinylidene Difluoride, Polyester, Laminating Coating, Oxide Film, and Others), By Application (Building & Construction, Advertising Boards, Automotive, By Vehicle {Cars, By Parts [Doors, Hoods, Wings, Side Panels, and Others], Commercial Vehicles, and Trailers}, Railways, and Others), and Regional Forecast, 2020-2029-(Includes Business Impact of COVID-19)

The global aluminum composite panels market size was USD 5.33 billion in 2018 and is projected to reach USD 8.71 billion by 2026, exhibiting a CAGR of 6.1% during the forecast period.

We have updated the Aluminum Composite Panels Market with business impact analysis and disruption caused by COVID-19.
Inquire before buying

Aluminum composite panels (ACP) are composed of two pre-coated, thermally bonded aluminum skins on either side of the non-toxic polyethylene (PE) core. They are basically flat panels which are made of Al composite material comprising of two thin coil-coated sheets of aluminum bonded to a non-aluminum core. ACPs are also used for building exterior facades or cladding, signage, and insulation. Aluminum composite panel sheets are also used for outdoor signs and letter backing for channels.

MARKET TRENDS

Robust Growth of Advertising Industry to drive the Market Growth
Outdoor advertising, also known as out-of-home (OOH) advertising, is one of the oldest types of advertisements that is used to advertise public-domain goods and services. This form of advertisement focuses on the customers present in public places and in-transit, while positioning their advertisements around parks, metro, malls, highways, shopping centers, and bus and train stations. Outdoor advertising is a marketing tool for businesses seeking to reach a broader audience. Also, these ads are displayed on billboards, hoardings, posters, buses, cars, and kiosks. Billboards and transit ads are among the most favoured promotional modes. Clear, appealing, and insightful ads typically capture the attention of a large audience. As it cannot be missed or ignored in outdoor environments by customers, the out-of-home (OOH) medium has remained the central platform for reaching mass urban audience. This growing expenditure on outdoor advertising services can be attributed primarily to the cost-effective aspect of this medium, especially the outdoor advertising billboard segment, which is being used by leading players in the FMCG, BFSI, hospitality, and e-commerce sectors. Compared to static billboards, digital billboards are showing rapid growth due to the declining prices of LCD and LED display technologies and the emergence of a programmatic marketplace.

Aluminum composite panels are most commonly used for signage production. ACP can be used to make a variety of flexible outdoor signs due to the use of signage and hoardings for external applications and the need to withstand changes in temperature and environment. Hence, ACP is the perfect material in this case to cater to such applications. They are used for producing exterior, interior, and signage applications. They are typically accessible in a wide variety of colors and finishes, such as stone, wood, dual-tone, and more. ACP can be bent, folded, and twisted into forms.

MARKET DRIVERS

Increasing Demand from Building & Construction Industry is Driving the Aluminum Composite Panels Market
The global construction industry is the worlds largest consumer of raw materials. The industry is projected to expand at 4.2% annually in terms of market value, due to the growth in residential, non-residential, and infrastructure projects. An increase in the building growth in India is boosting the construction industry. The U.S. construction industry is expanding rapidly due to strong economy and positive market conditions for commercial real estate along with an increase in federal and state grants for public infrastructure, and institutional development. The Europe construction industry is growing at a rapid pace due to low interest rates, strong economic growth, and pent-up needs. The growth in Europe is backed by the residential, non-residential, and civil engineering sector, both new and renovation. According to Business Monitor International (BMI), Europe construction exhibited real growth of 2.4% in 2018, backed by an improved outlook for commodity prices, increased trust in industry, increased demand, and stronger exports. Emerging economies such as Argentina, Brazil, and Chile have showcased real GDP growth increase every quarter. Emerging countries are pursuing highly competitive, effective, and environmentally friendly lifting technologies. As these countries have highly dense urban areas, cranes with vertical lifting features are high in demand. It is projected that half of the global construction spending is coming from the countries in Asia Pacific, with China, Indonesia, Japan, South Korea, and Malaysia showing the greatest potential for expansion.
These panels are common construction materials that are used in different buildings. The most striking characteristics of the ACP sheets are its low cost and durability. The inexpensive price of the composite panel made of aluminum makes it favorable for building purposes. The composite content of aluminum can also withstand high wind load. Since it can be washed and cleaned at any point, they also remove needless expenses such as repairing. Thus, the growing building & construction industry is expected to drive the market for aesthetic purpose.
Growth in Automotive Industry to Drive the Aluminum Composite Panels Market

In 2018, the global demand for automobiles remained steady. China remained stable to positive, the U.S., and European industry were growing at moderate pace. China alone accounts for one-third of the automotive industry. The global macroeconomic conditions are likely to create opportunities for steady car sales. Steady growth in the U.S. and economic progress in Europe would boost earnings from manufacturers.

Asia Pacific exhibited real GDP growth led by China and India, two main markets for the automotive industry. The sales of light-duty vehicles in Europe, particularly in Germany, France, Italy, and Russia are boosting the automotive industry. The credit quality of the automotive and auto component industries in Japan is likely to remain steady during the forecast period. Sales of new cars in Japan have increased and the strong demand for small vehicles has been driving the automotive industry. India became the fourth largest automobile market in 2018 with sales growing up to 3.99 million units by 8.3% year-on-year. In 2018, it was the seventh-largest commercial vehicle producer.
In terms of style and function, ACPs are used in vehicles for aesthetic purpose. The panels can be used as padding, noise dampers, or even to add elegance and style. These panels, which serve the purpose and add elegance, can also be used within vans and buses. Such panels serve as a heat retainer and are excellent. ACPs are lightweight, compression-resistant, provide high rigidity, have fire protection, no combustibility, no harmful gases, simple to install, reduce time and installation costs, and high acoustic insulation. Growing demand for these panels in the automotive sector is projected to boost the market growth.

MARKET RESTRAINT

High Repairing Cost of Aluminum Composite Panels to Hinder Growth
To maintain rigidity and increasing the panels longevity & durability, regular maintenance of aluminum composite panels is necessary. Proper cleaning is also necessary if dust accumulation is to be avoided and any organic growth is to be prevented. Such panels also assist in preserving the buildings appearance. However, if bent or dented, its difficult to patch the damaged component without damaging the aluminum composite panels aesthetic qualities. If not properly assembled, these panels can be easily dented. That can also cause damage to the panels original structure. The cost and time associated with repairing may therefore be a major challenge faced by the manufacturers of aluminum composite panels. Nevertheless, emerging technologies such as premade adhesive film lamination and extrusion lamination aid in avoiding these causes. But, the costs associated with such technologies are very high. Hence, it is posing a challenge.

SEGMENTATION

By Product Analysis

Polyvinylidene Difluoride Segment to Gain Impetus During the Forecast Period
Based on type, the market is classified into polyvinylidene difluoride, polyester, laminating coating, oxide film, and others. The polyvinylidene difluoride segment held the major share of the market. The polyvinylidene difluoride (PVDF) segment is expected to expand at a rapid pace during the forecast period due to the growing usage of PVDF in films, sheets, membranes, and coating in various industries such as chemical manufacturing, oil & gas, construction, and electricity. PVDF is primarily used in applications that need a high degree of resistance, solvent purity, and excellent resistance.

ACP laminating coatings are provided by multi-layer extrusion lamination and are used mainly for lamination applications in the construction industry.

By Application Analysis

Building & Construction Segment to Account for the Major Share during the Forecast Period
In terms of application, the market is segmented into building & construction, advertising boards, automotive, railways, and others. The demand for aluminum composite panels is driven by the growing standardization of architecture, which has increased the need to install these panels owing to the superior quality of toughness, fire resistance, antibacterial and weather-proof properties provided by aluminum composite panels. In Asia Pacific, increased use of these panels is due to the expansion of the building & construction industry.
Despite the rapid urbanization and high disposable income, the customer preference is changing to personal cars rather than public transportation which are likely to boost the demand for passenger cars and thus drive the growth of the global aluminum composite panel market. In addition, the marginal decrease in petrol, diesel, and compressed natural gas (CNG) prices and the surge in motor vehicle rates would draw significant numbers of customers to buy personal automobiles.

REGIONAL ANALYSIS

The market size in Asia Pacific stood at USD 2,091.6 million in 2018. In terms of demand, Asia Pacific is constituted the key share of the global market. The rapidly growing construction industry is anticipated to drive the regional market, particularly in China, India, Indonesia, and Vietnam. Rising development coupled with the government schemes supporting basic services and strong demand for affordable housing are also among the key drivers of growth in the region. China is expected to boost the market due to the rising building & construction industry. Japan is projected to drive the market in Asia Pacific with its growing inclination towards convenient and healthy building materials.

Growing number of green buildings is expected to further drive the demand in Asia Pacific. Increasing schemes and policies in North America to encourage better infrastructure is promoting development in the country. In addition, growth is expected to increase as panels are increasingly being used for cladding and decorative applications to meet the transitional energy and building needs. Increased electric and hybrid vehicle production is expected to drive the market in North America.

KEY INDUSTRY PLAYERS

Key Players Focus on Blending Strategies to Maintain Their Dominance in the Market
The global aluminum composite panels market is highly competitive, as major players are concentrating on the production of new products with superior features and also show their brand value through well-known branded goods. Production capacity expansion and product customizations are also expected to be among the key strategic initiatives adopted by these companies to gain competitive advantages. The global companies in developed regions such as North America and Europe are facing strong price competition from the manufacturers based in China. Arconic, Yaret Industrial Group Co., Ltd., 3A Composites Holding AG, Alubond U.S.A, ALUMAX INDUSTRIAL CO., LTD., Changshu Kaidi Decoration Material Co Ltd, Jyi Shyang Industrial Co. Ltd, Mitsubishi Chemical Corporation, Guangzhou Xinghe Aluminum Composite Panel Co., Ltd., Fairfield Metal LLC, and others are the leading companies in the market.

LIST OF KEY COMPANIES PROFILED:

  • 3A Composites GmbH
  • Arconic
  • Mitsubishi Chemical Corporation
  • Hyundai Alcomax Co.,Ltd.
  • Fairfield Metal LLC
  • Jyi Shyang Industrial Co., Ltd.
  • ALUMAX INDUSTRIAL CO., LTD.
  • Yatai Industrial Group Co., Ltd.
  • Shanghai Huayuan New Composite Materials Co., Ltd.
  • Guangzhou Xinghe Aluminum Composite Panel Co., Ltd.

KEY INDUSTRY DEVELOPMENTS:

July 2017 – Fairview Architectural acquired the Stryum business, an intelligent non-combustible aluminum cladding system, from Vitekk Industries. The company includes a variety of high-quality aluminum plate façade panels designed to provide durability and sustainability, complimenting Fairviews current portfolio of cladding solutions, including high-density cement fibre, natural stone, terracotta tiles and the leading non-combustible composite aluminum frame.

REPORT COVERAGE

The aluminum composite panels market report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product types, and leading applications of the product. Besides this, the report offers insights into the market trends and highlights key industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the market over recent years.

Report Scope & Segmentation

Segmentation

By Product

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

By Application

  • Building & Construction
  • Automotive
  •  Cars
  • Doors
  • Hoods
  • Wings
  • Side Panels
  • Others
  • Commercial Vehicles
  • Trailers
  • Advertising Board
  • Railways
  • Others

 

Looking for more? Check out our repository for all available reports on Aluminum Composite Panels in related sectors.

Quick Read Table of Contents of this Report @ Aluminum Composite Panels Market Size, Share & Industry Analysis, By Product (Polyvinylidene Difluoride, Polyester, Laminating Coating, Oxide Film, and Others), By Application (Building & Construction, Advertising Boards, Automotive, By Vehicle {Cars, By Parts [Doors, Hoods, Wings, Side Panels, and Others], Commercial Vehicles, and Trailers}, Railways, and Others), and Regional Forecast, 2020-2029-(Includes Business Impact of COVID-19)

Contacts

Trusted Business Insights
Shelly Arnold
Media & Marketing Executive
Email Me For Any Clarifications
Connect on LinkedIn
Click to follow Trusted Business Insights LinkedIn for Market Data and Updates.
US: +1 646 568 9797
UK: +44 330 808 0580