USD 5.95 billion
Aluminum Composite Panels Market Size, Share, Growth Analysis, By Coating Type(Polyvinylidene Difluoride, Polyethylene, Polyester, Laminating coating and Oxide Film), By Composition(Surface Coating, Metal Skin, Core Material, and Rear Skin), By Vehicle Type(Passenger Cars and Light Commercial Vehicles), By Application(Building & Construction, Advertising, Automotive and Transportation), By Region(North America, Europe, Asia-Pacific, Latin America), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15F2083 |
Region:
Global |
Published Date: July, 2036
Pages:
157
|Tables:
65
|Figures:
75
Aluminum Composite Panels Market Insights
Global Aluminum Composite Panels Market size was valued at USD 6.99 Billion in 2022 and is poised to grow from USD 7.33 Billion in 2023 to USD 10.77 Billion by 2031, growing at a CAGR of 4.92% in the forecast period (2024-2031).
Over the forecast period, the market is expected to grow as more lightweight aluminium composite panels are used for insulation in the building sector. These composite panels offer benefits that are essential for building constructions, such as reduced thickness, increased insulation, and enhanced sealing. ACPs are predicted to have a favourable influence on market growth over the course of the forecast period due to its good air and water barrier, flexibility, high load performance, and durability. By 2025, light-duty vehicles must meet Corporate Average Fuel Efficiency (CAFE) criteria of 54.5 mpg, according to rules laid forth by the US government. Thus, it is anticipated that the federal proposal to raise CAFE regulations will act as a significant catalyst for the use of lightweight materials, such as aluminium composites, in automobiles, ultimately propelling the market.
US Aluminum Composite Panels Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
PVDF (Polyvinylidene Fluoride)
Fastest Growth
PE (Polyester)
Growth Rate
5.3% CAGR
Global Aluminum Composite Panels Market, 2024-2031 ($ Bn)
Country Share for North America Region- 2024-2031(%)
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Aluminum Composite Panels Market Segmental Analysis
Global Aluminum Composite Panels Market is segmented by Coating Type, Type, Vehicle Type, Composition, Application, and region. Based on Coating Type, the market can be segmented into Polyvinylidene Difluoride, Polyethylene, Polyester, Laminating coating and Oxide Film. Based on Type, the market can be segmented into Fire-resistant, Antibacterial and Antistatic. Based on Vehicle Type, the market is segmented into Passenger Cars and Light Commercial Vehicles. Based on Composition, the market can be segmented into Surface Coating, Metal Skin, Core Material and Rear Skin. Based on Application, the market is segmented into Building & Construction, Advertising, Automotive and Transportation. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Aluminum Composite Panels Market Analysis by Coating Type
Based on the Coating Type, the aluminum composite panels market is bifurcated into PE (Polyester), PVDF (Polyvinylidene Fluoride), and other. The market share that belongs to PVDF is the largest. Due to a variety of uses, such as lightweight construction, high-speed trains, and advertising boards. Additionally, their qualities like durability, corrosion resistance, and wear resistance are anticipated to aid the segment's expansion. Due to qualities like extreme rigidity, flatness of the surface, smoothness, and insulation from both sound and heat, PE panels are also among the most widely used products. Due to advantages like simple fabrication and processing, it is anticipated to experience significant growth in the future.
Aluminum Composite Panels Market Analysis by Application
Based on Application the aluminum composite panels market is segmented into building & construction, advertising boards, automotive, railways and others. The need to install these panels has increased due to the superior toughness, fire resistance, antibacterial, and weather-proof qualities offered by aluminum composite panels, which is driving the demand for them. Architecture is becoming more standardised, which has also increased the need for these panels. The growing building and construction sector is to blame for the increased use of these panels in the Asia Pacific region.
Global Aluminum Composite Panels Market By Coating Type , 2024-2031(%)
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Aluminum Composite Panels Market Regional Insights
Asia Pacific is expected to control the aluminum composite panels market share with China, Japan, India, and Australia serving as the main growth engines. These countries' rising per capita incomes, the region's rapidly expanding construction market, and the presence of numerous aluminum composite panel manufacturers in these nations are all contributing to this growth.
The market for aluminum composite panels is primarily driven by population growth and an increase in the number of residential and non-residential structures being built. Low interest rates, strong economic growth, and unmet needs are all contributing to the rapid growth of the North American construction industry. New and renovated civil engineering, non-residential, and residential sectors all contribute to North America’s growth. Business Monitor International (BMI) reports that European construction experienced genuine growth, supported by an uptick in demand, a rise in industry trust, an uptick in supply, and stronger exports. The industry is expected to grow as a result of the region's growing number of green buildings. The expansion of North America is being aided by an increase in governmental programmes and initiatives to foster better infrastructure. In addition, the increase is anticipated to be boosted by the increasing usage of panels in cladding and ornamental applications to meet evolving architectural and energy standards. Increased manufacturing of hybrid and electric cars in North America will also bode well for the market's expansion.
Global Aluminum Composite Panels Market By Geography, 2024-2031
- Largest
- Fastest
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Aluminum Composite Panels Market Dynamics
Aluminum Composite Panels Market Driver
- Light commercial vehicle sales are boosting the automotive industry in Germany, Italy, and Russia. In vehicles, the panels can be used as padding and noise-dampening materials. Being lightweight and simple to install, these aluminum composite panels. The aluminum composite panels market is expected to grow during the anticipated period due to the rising demand for aluminum composite panels on a global scale. Regular maintenance of the aluminum composite panel is crucial to preserving rigidity and durability. Proper cleaning is also necessary to prevent dust collection.
- Superior dent resistance and the development of thicker, lighter doors, ACPs are used in indoor applications. Due to its high strength properties and low weight, the product is being used more frequently in the production of hoods because it makes hauling and towing vehicles simple. Additionally, a positive outlook for market growth can be seen because more than 85% of the automotive aluminum scrap is recyclable. High-performance vehicles' wings also feature ACPs to improve aerodynamics. It is also anticipated that increased use in the production of trunks for passenger cars and commercial vehicles, which offer tensile strength with less structural weight, will further fuel demand.
Aluminum Composite Panels Market Restraint
- ACP prices could rise as a result of rising raw material costs, which could have a negative impact on the local market. In September 2021, a number of Indian businesses announced price increases ranging from 7% to 10% on various composite panel types, citing rising costs for raw materials like aluminum coil, PE granules, polymer films, and transportation. Additionally, despite price increases, Indian businesses are having a hard time getting access to enough raw materials to meet demand. Aluminum coil, which is widely used in the facade and signage industries, serves as the main raw material for ACPs. ACP producers in India have increased in number over the past few years as a result of increased demand in a variety of industries whereas a significant increase in costs and insufficient supply have had a negative impact on ACP producing companies.
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Aluminum Composite Panels Market Competitive Landscape
The Global Aluminum composite panels market is competitive. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Aluminum Composite Panels Market Top Player's Company Profiles
- Alcoa Corporation
- Yaret Industrial Group Co., Ltd.
- Arconic Inc.
- Jyi Shyang Industrial Co., Ltd.
- 3A Composites GmbH
- Mitsubishi Chemical Corporation
- Guangzhou Xinghe Aluminum Composite Panel Co., Ltd.
- Shanghai Huayuan New Composite Materials Co., Ltd.
- Alubond U.S.A.
- Jiangxi Hongtai Industry Group Co., Ltd.
- Taizhou Kingertai Decoration Material Co., Ltd.
- Viva Composite Panel Pvt. Ltd.
- Changzhou Kema Reflector Material Co., Ltd.
- Eurobond Industries Pvt. Ltd.
- Alstrong Enterprises India (Pvt) Ltd.
- Dongguan Walltes Decorative Material Co., Ltd.
- Changzhou Zhongjie Decoration Material Co., Ltd.
- Aludream Building Material Co., Ltd.
- Jiaxing Jixiang Decoration Material Co., Ltd.
- Changzhou Yongjia Decoration Material Co., Ltd.
Aluminum Composite Panels Market Recent Developments
- In December 2020, Alubond developed the Fire-Retardant A1 Aluminium Composite Panels, which are completely non-combustible and emit no smoke in the event of a fire, making them an excellent sustainable alternative to façade cladding materials.
Aluminum Composite Panels Key Market Trends
- The sustainable UV resistant coated ACP’s is expected to boost the market growth. The high recycled content of the majority of ACP panels may help you earn LEED points for your innovation. Most stock colours for buildings reflect heat rather than absorbing radiant energy, which reduces energy consumption. On their ACP sheets, Aludecor uses lead-free paint. In a 70:30 PVDF/Acrylic Resin ratio, Aludecor uses Kynar 500/ Heyner 5000 PVDF resin. A UV-resistant resin called polyvinylidene fluoride (PVDF) is used to extend the lifespan of paintings.
- In order to lighten the structural weight of transportation systems including aeroplanes, satellites, missiles, and high-speed trains, sandwich panels are frequently employed in their design and construction. Sandwich panels are made using aluminium composites, which will drive the market's expansion throughout the projection period. Furthermore, the total market is anticipated to be significantly impacted by technological developments in the production of ACP sheets and panels. Due to the eco-friendly qualities of these materials, it is also anticipated that the growing popularity of green buildings would increase demand for products. The building and structure are governed by a number of laws and safety requirements, including LEED and British Safety Standards, which also support the installation of ACPs. ACPs are one of the prospective materials for the contemporary construction industry because they also offer great tensile strength and lower the overall weight of the building structure.
Aluminum Composite Panels Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global aluminum composite panels Market Analysis, in terms of coating type, the PVDF segment held the larger market share due to a variety of uses, such as lightweight construction, high-speed trains, and advertising boards. In terms of application, the buildings & construction segment held the larger aluminum composite panels market share. The need to install these panels has increased due to the superior toughness, fire resistance, antibacterial, and weather-proof qualities offered by aluminum composite panels, which is driving the demand for them.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 6.99 Billion |
| Market size value in 2031 | USD 10.77 Billion |
| Growth Rate | 4.92% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Aluminum Composite Panels Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Aluminum Composite Panels Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Aluminum Composite Panels Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aluminum Composite Panels Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aluminum Composite Panels Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Aluminum Composite Panels Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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