Aug 27, 2021/IndustryNewsGlobal/ The unexpected shifts in theglobal markets because of the sudden outbreak of the COVID-19 virus havebrought many major and minor tremors to industries of all sizes including the Aluminum Composite Panels Market.
It was estimated prior to this unanticipated outbreak that the AluminumComposite Panels Market was expected to grow at a CAGR of 6.8% during the forecast period. However, the gradualslowing down of industries will undoubtedly impose limits on the previouslyestimated growth rate.
Aluminum composite panels aremade of aluminum composite material. They are flat panels comprising two thincoated aluminum sheets connected to a non-aluminum core. Aluminum composite panels are majorly used for external cladding or facades of buildings, insulation, signage, and making shipping containers.
Aluminum composite panels arecoated with different materials such as PE and PVDF. They are used in differentapplications such as building & construction, advertising, and transportation.
This report studies the marketcovering a period of 12 years of trend and forecast. The report providesdetailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the coating type, themarket is segmented as PE and PVDF. The PVDF segment held the larger share ofthe market in 2019, and is expected to remain dominant during the forecast period. It helps to protect the exposed parts of any building or other applications from external weather conditions and retains its gloss and color for a longer time.
Based on the property type, themarket is segmented as fire-resistant, antibacterial, and anti-static. Thefire-resistant segment is expected to remain dominant during the forecast period owing to people shifting their preferences to build fire proof buildings.
Based on the application type,the aluminum composite panels market is segmented as building &construction, advertising, and transportation. The building & construction segment leads the market owing to increasing population and growing spending power of people, which are giving rise to construction of new houses in the urban and sub-urban areas, globally, and upsurge in the construction of non-residential buildings and institutes is also a major reason for the dominance of this segment.
Based on the composition type,the market is segmented as surface coating, core material, metal skin, and rearskin. The core material segment is expected to remain the dominant as well as fastest growing segment during the forecast period. The growth of the segment is driven by its excellent fire-resistant property, for which it is highly preferred in the building & construction application.
In terms of regions, Asia-Pacificis estimated to be the largest as well as fastest growing aluminum compositepanels market during the forecast period, with China, Japan, India, and Australia being the major growth engines driven by their increasing per-capita income, extensive growth of theconstruction industry in the region, and the presence of a large number of aluminum composite panel manufacturers in these countries. The aluminum composite panels market is mainly driven by increase in population and rise in construction of residential and non-residential buildings. North America and Europe are also expected to offer sizeable growth opportunities during the forecast period.
Key Players:
Key players operating in theglobal Aluminum Composite Panels market are-
- Arconic
- Yaret Industrial Group
- 3A Composites
- Alubond U.S.A.
- Alumax Industrial
- Shanghai Huayuan New Composite Materials
Features of the Report
This report offers high-quality insights and isthe outcome of detailed research methodology comprising extensive secondaryresearch, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The AluminumComposite Panels analysis report discusses the following heads in greatdetail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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