Aluminum Composite Panels (ACP) Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4153
Aluminum Composite Panels (ACP) Market size will experience a substantial growth in Asia Pacific owing to its increasing use in building & construction and automotive applications over the forecast timeframe. The products is a kind of sandwich panels with low density cores and aluminium panels bonded to each side. They are light weight and suitable for applications where a rigid partition or covers are needed along with high rigidity.
According to the International Energy Agency (IEA), currently, China is a primary cement producer, with share of almost 60% in global cement production. It is followed by India at 7%. The agency also estimates a moderate growth in annual cement production till 2030. Following China, countries including India, Thailand, Singapore and Vietnam, are also expecting a substantial progress in building & construction sector. It shall propel aluminum composite panels demand in the region in the coming years.
The product demand may experience hindrance over the type of composite used in the panel. Polyethylene based product core played an important role in accelerating several fire accidents in the past. However, the advent of new material cores has limited such incidents and increased the fire resistance of the product.
The ACP market is divided on the basis of the type of the coating materials. It mainly includes polyester, polyethylene, polyvinylidene fluoride (PVDF) and others. PVDF aluminum composite panels are likely to have a considerable share in the coming years. These possess high quality, high mechanical strength and toughness. They are also light weight and show extreme rigidity, super peel strength; low and high temperature resistance; excellent surface flatness and smoothness. Polyester when mixed with alkyd resins and ultraviolent absorbent, exhibit perfect surface and extend its panels applications, with good resistance to weathering, pollution and chemicals. They also possess qualities such as durability, fire resistance, sound and heat insulation. These utility characteristics shall significantly propel product demand over the forecast timeframe.
Application segments of the aluminum composite panels market include cladding, ceilings, partition, false ceilings, signage, interior decorations, insulation and others. Cladding application is likely to increase its share in the product market in the coming years. It is the most common product application, utilized for both interior and exterior buildings. The product is a low cost covering and aesthetic material for covering building walls. It also functions as a partition in interior of structures such as offices, supermarket, airports, hotels, school, hospitals, residential and industrial buildings. It lowers the building cost and provides the internal reorganization of buildings. Signage is another important products application, for making advertisement hoardings. On account of its important developments, the product market is likely to grow in the coming future.
End-user segments of the aluminum composite panels market include building and construction, transportation, packaging and others. Building & construction shall grow as an important end user segment of ACP market over the forecast timeframe. Transportation is another important segment where the product is used for number of purposes. The segment includes automotive, aviation, railways and marine vehicles. Aluminum composite panels are utilized in these types of vehicles for insulation, cladding, wall partition, exterior body lining and decoration material. The growing demand for lightweight automotive vehicles will primarily drive product demand over the forecast tmeframe.
Asia Pacific will be a significant region, in terms of revenue, for ACP market share. Owing to rapid industrialization in Asia Pacific nations, the building & construction industry is also steadily growing. The increased economic activity in various sectors is governing the product demand for advertisement hoardings. It is also inducing greater decorative and insulation application for new residential and office buildings. The region is also experiencing growth in urbanization which will further propel the product demand in the region, over the forecast timeframe.
The companies functioning in aluminum composite panels market share are Mitsubishi Chemical Corporation, Alucoil, Euramax, Fairfield Metal LLC, Arconic, Inc., Alcotex, Inc, Aludecor Lamination Private Limited, 3A Composites USA Inc., Alubond USA., Shandong Jiyu Building Materials Co., Ltd, Jiangsu Kingertai New Material Technology Co., Ltd., and Laminators Inc.
Aluminum Composite Panels (ACP) Market, By Material, 2014-2025 (Tons) (USD Million)
Aluminum Composite Panels Market, By Application, 2014-2025 (Tons) (USD Million)
- False ceilings
- Interior decorations
Aluminum Composite Panels Market, By End users, 2014-2025 (Tons) (USD Million)
- Building and construction
The above information has been provided for the following regions and countries:
- North America
- Latin America
- South Africa.
- Saudi Arabia
- Mitsubishi Chemical Corporation
- Fairfield Metal LLC
- Arconic, Inc.
- Alcotex, Inc
- Aludecor Lamination Private Limited
- 3A Composites USA Inc.
- Alubond USA.
- Shandong Jiyu Building Materials Co., Ltd
- Jiangsu Kingertai New Material Technology Co., Ltd.
- Laminators Inc.
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