The latest report by IMARC Group, titled “ Aluminum Composite Panels Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global aluminum composite panels market size reached US$ 5.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.
Aluminum composite panels (ACP) are manufactured from two-precoated and thermally bonded aluminum skins on one side of the non-toxic polyethylene (PE) core. They comprise polyvinylidene difluoride, polyester, laminating coating, and oxide film. They are cost-effective, lightweight, easy to install, durable, flexible, and can be cut or molded in any shape and size. They are also resistant to chemicals, moisture, corrosion, and ultraviolet rays (UV). They are utilized for building exterior facades or cladding, signage, and insulation, and outdoor signs and letter backing for channels. As a result, ACP is widely employed in the automotive, construction, and advertisement industries across the globe.
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Aluminum Composite Panels Market Trends and Drivers:
At present, the rising demand for ACP in the building and construction industry as it offers anti-bacterial, fire resistance, and weatherproof properties represents one of the key factors strengthening the growth of the market. Besides this, the growing adoption of ACP in the advertising industry to produce a wide variety of flexible outdoor signs is offering lucrative growth opportunities to industry players. Apart from this, the increasing demand for ACP in the automotive industry as noise dampers and padding to add different styles in vehicles is bolstering the growth of the market. Moreover, the rising awareness among the masses about environment-friendly and sustainable materials is contributing to the growth of the market.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Base Coating Type:
- PVDF (Polyvinylidene Fluoride)
- Polyester
- Laminating Coating
- Oxide Film
- Others
Breakup by Panel Type:
- Fire-Resistant
- Antibacterial
- Antistatic
Breakup by Composition:
- Surface Coating
- Metal Skin
- Core Material
- Rear Skin
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape with Key Player:
- 3A Composites (Schweiter Technologies)
- Alubond U.S.A. (Mulk Holdings Group)
- Alumax Industrial Co. Ltd.
- Changshu Kaidi Decoration Material Co. Ltd.
- Guangzhou Xinghe Aluminum Composite Panel Co. Ltd.
- Mitsubishi Chemical Corporation
- Shanghai Huayuan New Composite Materials Co. Ltd.
- Shyang Industrial Co. Ltd.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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