The global Aluminum Composite Panel Market size is expected to value at USD 8.26 billion by 2025. The aluminum composite panels industry is subject to witness a substantial growth due to the rapid development in construction and infrastructure activities across both developed and developing economies. Exponential population growth in developing economies and rapid urbanization are some of the critical factors responsible for growth of aluminum composite panel industry in upcoming years.

Substantial investment by local government to improve existing infrastructure and rise in the construction activities, are expected to boost marker growth. Globally, the aluminum composite panels market is predicted to grow at CAGR of 6.92% in forecast period, providing numerous opportunities for market players to invest in research and development in the market.

Some of the important properties of aluminum composite panel are erosion resistance, wear resistance, and heat resistance. Such properties are vital for applications such as exterior cladding, ceiling, flooring, and interior cladding. Growing popularity of the aluminum composite panels (ACPs) is anticipated to boost market expansion of the market over the forecast period. Additionally, rise in the number of the application of the aluminum composite panels (ACPs) in various manufacturing process in automotive industry is driving market growth further. Rise in the adoption of lightweight commercial vehicle (LCV) from the logistics & transportation industry is predicted to boost the demand of aluminum composite panels (ACPs), in years to come.

Polyvinylidene difluoride (PVDF)-based aluminum composite panel is one of the fastest growing segment in the aluminum composite panel market with substantial revenue generation in the last couple of years. Rising market value of the polyvinylidene difluoride (PVDF)-based aluminum composite panels is attributed to increasing adoption in automotive and advertisement board applications. Polyvinylidene difluoride (PVDF)-based APCs offer exclusive properties such as operational efficiency, cost-effectiveness, protection against wear & tear, resistance to ultraviolet radiation, corrosion resistance, and water resistance. These advantages makes them ideal for application involving automotive and advertisement board, in comparison with their counterparts. Fluctuations in the prices of the aluminum substantially impacts cost of the aluminum composite panels, thus directly hampering the market growth

Coating-aluminum composite panels segment has also witnessed significant growth in recent years, owing to increasing adoption in various manufacturing processes such as multi-layer extrusion lamination. Additionally, increase in use of laminating coating-APCs in the construction industry is expected to fuel growth of this segment in upcoming years. Some of the key features of laminating coating-APCs include durability, longevity, flexibility, high tolerance, and ease during installation.

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Aluminum composite panels (ACP) typically consists of aluminum composite material (ACM). The design of ACP involves two thin coil-coated aluminum sheets merged together with a non-aluminum core. Applications of the aluminum composite panels (ACP) include exterior cladding, facades of buildings, insulation, and signage. Aluminum composite panels (ACP) also used in partitions, false ceilings, signage, and large containers. Aluminum composite panels (ACP) are ideal alternative for to large, heavy and costly substrates in the signage industry. These factors are responsible for sustained market growth, in the last couple of years.

The aluminum composite panels industry is divided by region such as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rising governmental initiatives to promote infrastructure activities in the region and existence of prominent industry players. Asia-Pacific region is predicted to hold major market share in the aluminum composite panel industry with massive growth in forecast period. Countries such as India, China Indonesia and Vietnam are leading the Asia-Pacific market with exponential growth in population, leading to high-end demand for cheap housing. Other factors prompting market growth in the region are multiple government schemes to provide basic amenities like food and shelter, coupled with investment by leading industry players considering potential growth opportunities in the region.

The key players in the aluminum composite panels market are Alcoa Co., Interplast Co. Ltd., Aludecor Ltd., Alubond U.S.A, and 3A Composites Ltd.

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Market Segment:

Product Outlook (Volume, Million Sq. Ft.; Revenue, USD Million, 2014 - 2025)
    • PVDF
    • Polyester
    • Laminating Coatings
    • Oxide Film
    • Others

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• 
• The Report “Aluminum Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2019 - 2024,” published by IndustryARC, estimates the global aluminum market to reach $246.6 billion by 2024.

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According to a recent study by IndustryARC, the Aluminum market is forecast to reach $246.6 billion by 2024, growing at a CAGR of 6.2%. The growth of the Aluminum market can be attributed to the growing demand from the construction industry. The rapid industrialization and rising urbanization have led to the increased construction of commercial and residential buildings, thus leading to the high demand for aluminum and aluminum alloys.

market

for Aluminum is all set to exhibit robust growth as demand for aluminum across the globe is projected to increase at 5.8% per year. Another key factor that contributes to the growth of the aluminum market is the increased demand from the automotive sector. Aluminum remains the fastest growing automotive material over competing materials and is entering its most unprecedented growth phase because of the industry’s shift towards light automotive materials. The increase in demand for light-weight and fuel-efficient vehicles is expected to boost the demand for aluminum in the near future.

he major factor for the growth of the aluminum market in the Asia-Pacific region is the booming construction sector. Moreover, the economic development and rising purchasing power in the emerging economies such as India, China, Indonesia, Malaysia, and others of the region are leading to a substantial demand for automobiles. The growth in demand for automobiles has led to increasing in fuel consumption, which has further led to a surge in fuel prices. To address this issue, the automotive industry has started using aluminum alloys to reduce the weight of automobiles substantially without compromising on the strength and weight carrying capacity of the vehicles.

Competitive landscape

Emirates Global Aluminum
Vedanta Resources Plc
Dubai Aluminum Co. Ltd.
Aluminum Corporation of China Ltd.
BHP Billiton Ltd.
United Co.

Aluminum manufacturers have laid their focus on mergers and acquisitions as well as product launches to augment entry into related markets and enhance their core competencies and product portfolio as well as gain a foothold in the emerging markets.

The various end-user industries covered in the report include

Transportation
Construction
Machinery and Equipment
Packaging
Electrical and Electronics
Others

The overall market is also presented from the perspective of different geographic regions and the key countries for this industry. Competitive landscape for each of the product types is highlighted and market players are profiled.

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The Global Aluminum Composite Panel Market size is anticipated to attain a significant size in terms of value by 2025. Increasing number of construction projects and growing global population are likely to stoke the growth of the market. Besides this, rapid urbanization and rising consciousness among people for environment conservation are contributing to the growth of the market.

Increasing use of aluminum composite panels in mass transportation systems in cities is also expected to encourage the development of lightweight and cost efficient products. In addition, ACP can be produced in a wide range of metallic and non-metallic colors as well as in varied patterns that emulate other materials such as wood or marble. Surge in demand stems from various advantages offered by these panels including lightweight, efficiency, easy maintenance, reduced fuel consumption, and subsequently decreased carbon emissions.

While adding visual appeal to application areas, ACPs are extremely lightweight owing to structural design of a low-density core inserted between two relatively thin skin layers. Therefore, they help in reducing load of buildings and construction sites, while ensuring strong and sturdy support to the structure.

Panel rigidity is provided by interaction of its components under flexural load. Low-density polyethylene or a mix of polyethylene & mineral material in the core exhibit properties of fire retardants, which reduce maintenance costs arising from corrosion. They require easy maintenance in almost any kind of climate through a regular wash with water and mild detergent, ensuring long lasting performance. Further, their attractiveness and usefulness increase as they are resistant to acid, alkali salt spray, and pollution at the same time providing good thermals and sound insulation.

Moreover, growing use in public transportation systems, aircraft, and external and internal building architecture is projected to have a positive impact on the growth prospects. Mass rapid transport systems, intercity transportation services, bus facilities, and monorails, among others, are gaining popularity owing to cost effectiveness, safety, and time convenience. In building architecture, the product can be used for false ceilings, partitions or claddings, signage, machine wrappers, and container constructions, among others. For applications pertaining to signage, it is used as an alternative to heavier and high price substrates.

Flexible and easy forming and processing of aluminum composite panels allows innovative designs and are used as a lightweight and sturdy material in transient structures such as trade show booths and other temporary structures. Growing use of these panels as backing material in mounting fine art photography is increasing their prominence as an aesthetical product.

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Nano self-cleaning composite panels, which have better self-cleaning function compared to traditional polyvinylidene fluoride (PVDF) variants, are likely to shape the future of the market. Nano self-cleaning aluminum sheets prevent formation of dust and black marks on surface of sheets even after considerable use, which is stirring up their demand.

ACPs with acrylic finish using processes such as Diasec increase the artistic appeal of the product. Aluminum composite panels conform to internationally-accepted energy conservation building code (ECBC), according to which buildings must conserve energy. Airspace created between the panel and the wall helps in better insulation and energy conservation.

Due to price volatility in the London Metal Exchange, the future exchange for base metals and other metals leads to uncertain prices of aluminum at different points of time and poses a significant challenge for vendors. Lack of standardization of pricing of aluminum composite panels owing to uncertainties in the market prevents the product from penetrating into emerging economies. Further, flammability of core non-aluminum material poses significant problems to its usage. These factors are limiting the aluminum composite panel industry from realizing its utmost potential.

Some of the key types of coating used for aluminum composite panels are polyvinylidene fluoride (PVDF), fluoropolymer resins (FEVE), and polyester paints. These panels are primarily used across industries such as building and construction, aviation packaging and building, automobiles, commercial transportation, oil and gas, and defense. Building and construction is expected to be one of the prominent end users over the forecast period.

China is a significant revenue contributor in the global aluminum composite panel market. Rising number of construction projects and being the biggest recipient of Foreign Direct Investments (FDIs) from around the world, the market in China is anticipated to expand at a noteworthy growth rate during the forecast period. Favorable atmosphere for business and investments in South Asia and India is expected to positively influence the growth of the overall market. Rapid urbanization and rising disposable income are anticipated to boost the demand for aluminum composite panels. Political scenario and current policies in Japan are encouraging private investments, which in turn will fuel growth prospects over the forecast period.

Primary vendors include Alcoa, Alcobond, Alubond, Guangzhou Xinghe, Jyi Shyang Industrial, and Kaidi Industry. Vendors are investing in development of new technologies, R&D facilities, and keeping up with emerging trends to sustain competition in the market. Innovative products and financial expertise are some of the key strategies adopted by vendors to render competitors’ products non-competitive in the pre-launch period itself, even before they can recover commercialization costs.

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