Aluminium Composite Panels Market Size, Growth Analysis Report, Forecast to 2022-2028
Aluminium
Composite Panels are flat panels made of two aluminum-based alloy
sheets, bonded with a core material to form a composite. Protective films are
used to cover various levels of panel layers and the front side is generally
given a Polyvinylidene Fluoride (PVDF) coating. Aluminium composite panels are
environment-friendly materials widely used in the construction industry for
cladding and insulation purposes in commercial buildings, including airports,
food & beverages shops and residential premises.
They are also extensively used in the advertising industry
as substitutes for heavier and expensive substrate options. The recent ban on
import of polyethylene (PE) core in countries such as the U.S. and Germany is
proving to be a major threat for market participants. However, the market will
continue to grow with the development of non-combustible fire retardant cores
such as mineral fiber based products. Another major challenge for participants
is the high price of repairs and raw materials.
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Reasons
for Covering this Title
Ongoing research efforts in the industry for the development
of cladding products and to invent new technologies have resulted in the
development of better core material options that comply with fire and building
regulation developments. Key manufacturers are enhancing their product profiles
in terms of color and finish offerings and are stepping up their inventories to
support the increasing construction activity. Aluminium composite panels are
high performance materials as they are corrosion, water and fire resistant
along with being lightweight, efficient, flexible and durable. Attributing to
the increasing awareness pertaining to sustainable materials and growth in the
real estate sector, the demand for interior and exterior cladding operations is
rapidly increasing.
Aluminium composite panels are gaining widespread adoption
among end users. These panels offer proven performance in all kinds of climatic
conditions and can be cleaned by merely washing with normal wash detergents. Application
of aluminium composite panels in the automotive sector is also anticipated to
play a key role in the global industry growth over the forecast period.
Macro-economic factors such as rising population, urbanization and increasing
disposable income will positively impact the demand for aluminium composite
panels from builders as well as other Original Equipment Manufacturers (OEMs).
Global Aluminium Composite Panels Market: Key Players
Examples of some of the key players operating in the global
aluminium composite panels market are:
Yaret Industrial Group, 3A Composites GmbH, Jyi Shyang
Industrial, Alstrong, Arconic, Mitsubishi Plastic, CCJX, Goodsense,
Seven, HuaYuan, LiTai, Pivot, Vbang, Walltes, Daou, Genify, Shuangou,
HongTai, Deltyn, and Anexa Group among others.
Key Developments
- In
2017, Archicom, a Singapore-based aluminum composite materials
producer, entered the Africa market with the introduction of aluminum
composite panel products, aiming to meet the growth in market demand from
building and construction services.
- In
April 2017, Fairview Architectural acquired the STRYUM
business, an intelligent non-combustible aluminum cladding system, from
Vitekk Industries
Opportunities for Market Participants
The aluminium composite panels market is slated to witness
attractive overall growth over the forecasted period with large revenue growth
expected from Asia-Pacific, led by China and India. In the Middle East &
Africa, business will improve with the positively changing construction market
landscape. In terms of the core type, the marketplace is expected to witness
strong shift in demand towards the high-quality fire-retardant and
non-combustible segment due to the increasing number of reported building fires
in the recent past.
Organizations focused towards developing product portfolios
with fire resistant offerings are well positioned to take advantage from the
stringent construction and fire safety regulations laid out by concerned
authorities. Such organizations have started to adapt more towards developing
well designed solutions, especially for interior applications, to create a
distinctive identity for buildings.
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Brief Approach to Research
FMI will follow a modelling-based approach and triangulation
methodology to estimate data covered in this report. A detailed market
understanding and assessment of the nature, product type and applications of
aluminium composite panels covered in the study are followed by carrying out a
demand-side approach to estimate the sales of target product segments.
Display and architecture applications are the driving force
benefiting Aluminium Composite Panel market prospects. Adding to this, the
trend towards lightweight material solutions in the transportation sector will
further strengthen and make a positive contribution towards market success. The
derived data is then cross-referenced with a supply-side assessment of value
generated over a pre-defined period. The statistics and data are collected at a
regional level and consolidated and synthesized at a global level to estimate
the overall market sizes.
Key Data Points Covered in the Report
Some of the key data points covered in our report include:
- An
overview of the aluminium composite panels market, including background
and evolution
- Macroeconomic
factors affecting the aluminium composite panels market and their
potential
- Market
dynamics such as drivers, challenges and trends
- Detailed
value chain analysis of the aluminium composite panels market
- Cost
structure of the products and segments covered in the global aluminium
composite panels market
- In-depth
pricing analysis by key product segments, regions and major market
participants
- Analysis
of supply and demand, such as top product producing and consuming
geographies, product imports/exports, exchange of services and overall
trade scenario, in the global aluminium composite panels market
- Analysis
of the global aluminium composite panels market structure, including a
tier-wise categorization of key market participants
- Competitive
landscape of the market, including detailed profiles of the top players in
the aluminium composite panels market
The research report presents a comprehensive assessment of
the market and contains thoughtful insights, facts, historical data, and
statistically supported and industry-validated market data. It also contains
projections using a suitable set of assumptions and methodologies. The research
report provides analysis and information according to market segments such as
geographies, application, and industry.
Regional analysis includes:
- North
America (U.S., Canada)
- Latin
America (Mexico. Brazil)
- Western
Europe (Germany, Italy, France, U.K, Spain)
- Eastern
Europe (Poland, Russia)
- Asia
Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle
East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information,
qualitative and quantitative assessment by industry analysts, inputs from
industry experts and industry participants across the value chain. The report
provides in-depth analysis of parent market trends, macro-economic indicators
and governing factors along with market attractiveness as per segments. The
report also maps the qualitative impact of various market factors on market
segments and geographies.
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Global Aluminium
Composite Panels: Market Segmentation
On the basis of panel type, the global aluminium composite
panels market has been segmented as:
- Polyvinylidene
fluoride (PVDF) aluminum composite
- Polyester
aluminum composite
- Polyester
aluminum composite
- Laminating
coating aluminum composite
- Oxide
film aluminum composite
- Other
aluminum composite
On the basis of core, the global aluminium composite panels
market has been segmented as:
- Polyethylene
(PE)
- Fire
Retardants
- Non-combustible
On the basis of application, the global aluminium composite
panels market has been segmented as:
- Construction
- Residential
- Commercial
- Automotive
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