Aluminium Composite Panel Market - Forecast(2024 - 2030)
Overview
Aluminium Composite Panel Market is
forecast to reach $10.23 billion by 2025, after growing at a CAGR of 7.0% during
2020-2025. The growing application range is anticipated to drive the market
over the projected span of the lightweight aluminum composite panels for
insulation in construction industry. Such composite panels have features
such as low thickness, high insulation, fire protection film which are crucial for
building structures that are one of the most important factors for demand on
the aluminum composite panel market.
Report Coverage
The “Aluminium Composite Panel Market Report – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Aluminium Composite Panel Market.
Key Takeaways
- Increased construction industry urbanization and development has led, especially in the Asia-Pacific and South America, to an increase in the demand for aluminum composite panels.
- In the Asia-Pacific region, Japan is expected to lead the aluminum composite panels market with its rising inclination to convenient and safe building materials.
- In addition, high surface corrosion resistance and significant applications are expected to drive market growth in kitchens, bathrooms, walls, ceilings.
- The costs and time involved in repairing aluminum panel, for producers could be a major challenge. However, such causes are avoided by new technologies as pre-made adhesive film and extrusion lamination, and the associated costs are fairly high and are thus a challenge.
- The most common coating materials for composite aluminum panels in the market are Polyethylene core (PE).
Top Coating- Segment
Analysis
Aramid fiber composites segment held
the largest share in the Aluminium Composite Panel Market in 2018. Due to a
variety of applications, including lightweight construction, high-speed
trains, and advertising boards. In addition, the segment's growth is
expected to benefit from its features, such as corrosion and wear strength and
durability.
End-Use Industry - Segment
Analysis
Building and Construction
sector has been the primary market for Aluminium Composite Panel by growing at
a CAGR of 7.4%. This Aluminium composite panel have wide range of applications
in this sector, the market is estimated to record significant changes in
respective countries. The top countries in the Building & Construction
industry are expected to boom over the next five years. Americas and Europe are
estimated to continue to emerge in the global glass landscape. Building &
Construction end user further segmented into retail stores, restaurants and
hotels, airports, hospitals, arts and exhibition centers, shopping malls, and
others. Airports is the largest segment with the share of 22.7% followed by
restaurants and hotels with 21.2%, and retail stores with 20.2%. Increase in
spending of commercial construction especially in the developing countries such
as China, India, and South Korea, will increase the demand of construct ion
chemicals. Commercial construction will continue to grow in the future. With
more consumer spending and governmental investments in tourism, office
buildings and retail space, commercial construction businesses will reap the
rewards.
Geography - Segment Analysis
APAC dominated the Aluminium
Composite Panel Market share with more than 42%, followed by North America and
Europe. The economy of APAC is mainly influenced by the economic dynamics of
countries such as China and India, but with growing foreign direct investment
for economic development of South East Asia, the current scenario is changing.
In the developing region such as APAC, the expansion of construction industry
contributes into the growth of Aluminium composite Panel Market. The Asia
Pacific construction industry is worth $4.95 trillion (excluding India) and is
expected to reach $5.45 trillion by 2021 according to ENG Cranes. The healthy
economic growth in APAC had risen the construction activities in the
region.
By 2020, one half of
global construction spending is expected to come from APAC countries with
China, Indonesia, Japan, South Korea, and Malaysia are exhibiting the highest
growth potential. India is expected to grow at twice the rate of China over the
next decade especially into infrastructure sector where government is investing
approximately $376.5 billion over the next three years. Japan’s residential and
infrastructure construction accounts for 28 to 33% of construction activities.
Further, the construction activity is expected to rise in next few years
because of upcoming Olympic Games. These factors are likely to increase demand
in the region over the forecast period. Therefore, during the forecast period,
all such favourable trends are collectively likely to drive the growth of the
region's aluminium composite panel market.
Drivers – Aluminium Composite Panel Market
Increasing
Demand for Strong and Lightweight Materials in Construction and Transportation
In order to reduce structural
weight, sandwich panels are used mainly when designing and constructing
transport systems such as aircraft, Satellite, missiles and high speed trains.
For the manufacturing of sandwich panels, aluminum composites are used,
which in turn boost market growth over the forecast period. In addition,
technical developments in the ACP sheets and panels production process are
projected to have a huge impact on the overall market. Because of the
eco-friendly characteristics of such products, increasing popularity of green
buildings is also expected to fuel product needs. The incorporation of ACPs, is
governed by various regulations and safety standards, such as LEED and British
Safety Standards is favorable for Aluminium composite market. ACPs also offer
high tensile strength and reduce the total weight of the frame, which makes it
one of the ideal materials for modern construction industries.
Challenges – Aluminium Composite Panel Market
High Price of raw materials
In terms of volatile availability
and prices of core materials such as polyethylene core, aluminum metal and
other coating materials, the growth of the aluminum composite panel market is
limited. Compared to other construction materials, the raw materials of
aluminum composite panels are also expensive and manufacturing costs are also
high. Fluctuating crude oil prices and fluctuations in foreign currencies have
led to increased cost of raw materials. The
initial capital investment required is high to develop facilities for
production smelting, refining and metal recovery. The bauxite-to-aluminum
smelters are costly. The aluminum industry is power-intensive and consumes
between 13,000-15,000 power units per ton, according to Metal World.
Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Aluminium Composite Panel Market. In 2018, the market of Aluminium Composite Panel has been consolidated by the top five players accounting for xx% of the share. Major players in the Aluminium Composite Panel Market are Arconic Inc., Yaret Industrial Group Co Ltd., Mitsubishi Chemical Corporation, 3A Composites GmbH, Alubond U.S.A., Alumax Industrial Co. Ltd., Shanghai Huayuan New Composite Materials Co. Ltd., Changshu Kaidi Decoration Material Co. Ltd., Guangzhou Xinghe Aluminum Composite Panel Co. Ltd, and Jyi Shyang Industrial Co. Ltd., among others.
1.1 Definitions and Scope
2. Aluminium Composite Panel Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Aluminium Composite Panel Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Aluminium Composite Panel Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Aluminium Composite Panel Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Aluminium Composite Panel Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Aluminium Composite Panel Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Aluminium Composite Panel Market - By Top Coating (Market Size -$Million / $Billion)
10.1 Segment type Size and Market Share Analysis
10.2 Application Revenue and Trends by type of Application
10.3 Application Segment Analysis by Type
11.1 Aluminium Composite Panel Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Aluminium Composite Panel- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Aluminium Composite Panel- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Aluminium Composite Panel - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong kong
11.8.5.9 Rest of APAC
11.9 Aluminium Composite Panel - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Aluminium Composite Panel Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Aluminium Composite Panel Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at global level - Top 10 companies
13.1.6 Best Practises for companies
14. Aluminium Composite Panel Market - Key Company List by Country Premium
15. Aluminium Composite Panel Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Alcoa
15.3 Alcobond
15.4 Alstone
15.5 Alstrong Enterprise
15.6 Alubond A
15.7 Alucoil
15.8 Amag Metall
15.9 Constellium
15.10 Guangzhou Xinghe Acp
15.11 Interplast
15.12 Mitsubishi Plastic
15.13 Mulford Plastic
15.14 Rusal
15.15 Shanghai Huayuan New Composite Material Co Ltd
15.16 Yaret Industrial Group
15.17 Zhongshan Yingjia Aluminum
15.18 Company 17
15.19 Company 18 & More
16.1 Abbreviations
16.2 Sources
17. Aluminium Composite Panel Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends