The global aluminum composite panel market size is expected to reach USD 6.24 billion by 2028 according to a new study by Polaris Market Research. The report “Aluminum Composite Panel Market Share, Size, Trends, Industry Analysis Report, By Coating (Polyethylene, Polyester, PVDF, Oxide Film, Laminating Coating); By End-Use; By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Aluminum composite panels are increasingly being used owing to industrialization and increasing commercial activities. The introduction of international building codes, growing investment in the construction industry, and public infrastructure development further boost the industry growth. The product is used in the automotive, construction, and industrial sectors to provide greater strength and weather resistance.
However, the COVID-19 outbreak has restricted the growth of the industry due to the decline in the automotive and construction sectors. The industry has been impacted by operational challenges, disruption of the supply chain, delayed installations, deferred maintenance, and workforce impairment.
PVDF panels provide high impact resistance, good plasticity, workability, and superior weather adaptabilities. Currently, in the global industry, companies, manufacturers, private organizations are collaborating to expand and cater to broader applications and develop advanced technologies.
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Aluminum composite panels enable buildings to withstand harsh environments, extreme temperatures, chemicals abrasion, and mechanical stresses. The product offers lightweight, high strength, and durability benefits in buildings and structures. Economic growth and strengthening the construction sector in developing economies are expected to provide growth opportunities during the forecast period.
Some major market participants include Mitsubishi Chemical Corporation, Yaret Industrial Group, Guangzhou Xinghe Acp, Arconic, Shanghai Huayuan New Composite Materials Co. Ltd., 3A Composites, Msenco Metal, JYI Shyang Industrial, Alubond U.S.A., Alstrong Enterprises India (Pvt) Ltd, Alumax Industrial, and Changshu Kaidi Decoration Material.
Polaris Market Research has segmented the aluminum composite panel market report on the basis of coating, end-use, and region:
Aluminum Composite Panel, Coating Outlook (Revenue, USD Billion, 2016 – 2028)
Aluminum Composite Panel, End-Use Outlook (Revenue, USD Billion, 2016 – 2028)
- Building & Construction
- Automotive & Transportation
Aluminum Composite Panel, Regional Outlook (Revenue, USD Billion, 2016 – 2028)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa