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Aluminum Composite Panels Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027


Market Overview: 

The global aluminum composite panels market size reached US$ 5.6 Billion in 2021. Looking forward, HLC-Aluminum expects the market to reach US$ 8.2 Billion by 2027, exhibiting a growth rate (CAGR) of 6.48% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.


An aluminum composite panel (ACP) refers to a lightweight external cladding material used for creating contemporary facades on buildings, ceilings and signage boards. It is manufactured using two thin coil-coated aluminum sheets that are bonded to a non-aluminum core. In comparison to the traditionally used cladding materials, such as tiles, wood and unplasticized polyvinyl chloride (uPVC), ACP offers enhanced ease of installation, resistance to chemicals, moisture, corrosion and ultraviolet (UV) rays. Apart from this, they can be digitally printed, are highly flexible and versatile, require low-maintenance and available in a wide variety of colors and textures.


Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose.



Significant growth in the advertising industry is one of the key factors creating a positive outlook for the market. ACPs are commonly used for outdoor advertising in public spaces and in-transit vehicles for displaying clear, attractive and insightful ads. Furthermore, the increasing demand for durable and lightweight materials for both commercial and residential constructions is providing a thrust to the market growth. They are also extensively utilized in the insulation of high-rise buildings and reinforcing ceilings of tunnels. In line with this, polyvinylidene difluoride (PVDF)-coated ACPs are used to protect the exposed portion of the building from extreme climatic conditions, which, in turn, aids in retaining the color and gloss for a longer duration. Moreover, increasing utilization of ACPs in automobiles for enhanced aesthetics is acting as another growth-inducing factor. The panels are used for decorative padding and as noise dampers as they are compression-resistant and offer high acoustic insulation. Other factors, including increasing construction of green buildings across various regions, are anticipated to drive the market further.



Key Market Segmentation:

HLC-Aluminum provides an analysis of the key trends in each sub-segment of the global aluminum composite panels market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on base coating type, panel type, composition and application.



Breakup by Base Coating Type:

· PVDF (Polyvinylidene Fluoride)

· Polyester

· Oxide Film

· Others




Breakup by Panel Type:

· Fire-Resistant

· Antibacterial

· Antistatic
 

Breakup by Composition:

· Surface Coating

· Metal Skin

· Core Material

· Rear Skin
 

Breakup by Application:

· Construction

· Automotive

· Advertising Boards

· Railways

· Others


Breakup by Region:


· North America

o United States

o Canada

o Others

 

· Asia Pacific

o China

o Japan

o India

o South Korea

o Australia

o Indonesia

o Philippines

o Others


· Europe

o Germany

o France

o United Kingdom

o Italy

o Spain

o Russia

o Others


· Latin America

o Brazil

o Argentina

o Columbia

o Chile

o Mexico

o Others


· Middle East

o United Arab Emirates

o Qatar

o Saudi Arabia

o Others

 

·  Africa

o Libya

o Suriname

o Nigeria

o Guinea

o Others



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