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.
Access Full Research Report on Global Aluminium 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 Related
Reports from same category by Grand View Research: http://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
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia
Pacific
- China
- India
- Japan
- Central
& South America
- Brazil
- Middle
East & Africa
- Saudi
Arabia
View Press Release on Global Aluminium
Composite Panel Market By Grand View Research: http://www.grandviewresearch.com/press-release/global-aluminum-composite-panel-market
About 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.
About 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.
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