The global aluminum composite panels market is expected to reach USD 8.26 billion by 2025,
according to a new report by Grand View Research, Inc. The rapid growth of the
construction and infrastructure industries, most notably in emerging regions,
is expected to drive the growth of the aluminum composite panels (ACP) market
over the coming years.
The growth in population and urbanization
have resulted in increased demand for infrastructure development as well as
residential construction, thereby increasing the pressure on the construction
sector worldwide. The superior properties of ACPs, including corrosion
resistance, wear resistance, and fire protection renders the product very
useful for external cladding, ceiling, flooring, and internal wall cladding
functions in the construction industry.
The widening application scope of ACP in
the automotive industry is also expected to have significant impacts on the
overall industry growth during the forecast period. The growing automotive
production, mainly in China, Malaysia, Japan, Indonesia, and Taiwan, is
expected to propel demand for the product in the automotive sector in Asia
Pacific, wherein a majority of the automotive production in concentrated
presently. The application of ACPs in automotive is expected to witness growth
to the tune nearly 8%, in terms of revenue, in Asia Pacific during the forecast
period.
ACPs in light commercial vehicles are
expected to observe the highest growth over the forecast years, at an estimated
CAGR of nearly 7% from 2016 to 2025. The increasing use of LCVs in the
logistics & transportation industry propels the demand for LCVs worldwide.
The application scope of ACPs in passenger cars is also expected to rise
considerably over the coming years. In passenger cars, the major application
areas for ACPs include side panels, door panels, and hoods.
Full Research Report On Aluminum Composite Panels Market Analysis:
http://www.grandviewresearch.com/industry-analysis/aluminum-composite-panel-market
http://www.grandviewresearch.com/industry-analysis/aluminum-composite-panel-market
Further key findings from the report suggest:
·
The global aluminum composite
panels revenue exceeded USD 4,000 million in 2015 and is expected to grow
significantly during the forecast years, mainly due to the rising application
scope of the product in the construction industry worldwide
·
PVDF was recorded to be the
largest product segment in 2015 and is estimated to generate revenue over USD
5,000 million by 2025; the large share of this segment can be attributed to
superior product properties such as resistance to wear & tear, UV,
corrosion, water, combined with low costs
·
The global demand in
construction was over USD 4,000 million in 2015 and is anticipated to witness
the highest growth over the forecast period; the rapid growth of the
construction industry in emerging regions, on account of economic &
industrial growth and urbanization, can be regarded as the major factor driving
the aforementioned trend
·
In the automotive application
segment, the cars segment emerged as the largest end-use segment in 2015,
accounting for over 70% share of the overall revenues in 2015, mainly on
account of the relatively higher production output associated with the segment,
among all vehicle types
·
The industry in Asia Pacific is
projected to witness substantial growth over the coming years, primarily due to
the growing infrastructure development and construction activities in the
region. The regional industry is slated to grow at a CAGR of 7.4% from 2016 to
2025, in terms of volume; the growth of the concerned industry in the region
can be attributed to the rapid growth of construction and automotive industries
in key countries
·
The major players in the
industry include Alcoa, Interplast, Aludecor, Alubond U.S.A, and 3A Composites,
together accounting for a major share in the global aluminum composite panels
market.
View More Reports Of This Category By Grand View Research
At: https://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand View Research has segmented the
global aluminum composite panels market on the basis of product, application,
and region:
Product Outlook (Volume, Million Sq. Ft.; Revenue, USD
Million, 2014 - 2025)
·
PVDF
·
Polyester
·
Laminating Coatings
·
Oxide Film
·
Others
Application Outlook (Volume, Million Sq. Ft.; Revenue,
USD Million, 2014 - 2025)
·
Construction
·
Automotive
·
Advertisement Boards
·
Railways
·
Others
Regional Outlook (Volume, Million Sq. Ft.; Revenue, USD
Million, 2014 - 2025)
·
North America
o U.S.
o Canada
o Mexico
·
Europe
o Germany
o UK
o France
·
Asia Pacific
o China
o India
o Japan
·
Central & South America
o Brazil
·
Middle East & Africa
o Saudi Arabia
Access Full Press Release of this
Report:
https://www.grandviewresearch.com/press-release/global-aluminum-composite-panel-market
https://www.grandviewresearch.com/press-release/global-aluminum-composite-panel-market
Grand View
Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For more information: https://www.grandviewresearch.com/