Insights Into The Aluminum Composite Panels Market’s Growth Opportunities Through 2023-2032 – Includes Aluminum Composite Panels Market Report
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The increasing demand from the building and construction industries is likely to encourage innovation in the manufacturing of aluminium composite panels, propelling the market during the forecast period.
The global aluminum composite panels market is expected to grow from $5.66 billion in 2022 to $6.13 billion in 2023 at a compound annual growth rate (CAGR) of 8.25%. The global aluminum composite panels market size is expected to reach $8.19 billion in 2027 at a CAGR of 7.49%.
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Global Aluminum Composite Panels Market Segments Include:
- By Panel Type: Fire-Resistant, Antibacterial, Antistatic
- By Base Coating Type: PVDF (Polyvinylidene Fluoride), Polyester, Laminating Coating, Oxide Film, Other Base Coatings
- By End-Use: Building And Construction, Automotive And Transportation, Industrial, Advertising, Other End-Uses
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global aluminum composite panels market in 2021.
Major Market Players in the aluminum composite panels market include 3A Composites GmbH, Mitsubishi Chemical Corporation, Guangzhou XingHe Aluminum Composite Panel Co. Ltd., Shanghai Huayuan New Composite Materials Co. Ltd.
Product innovations are important trends that are gaining traction in the aluminium composite panels (ACP) market. Companies in the aluminium composite panels market are embracing new technologies in order to maintain their market position. For example, Mitsubishi Chemical Corporation, a Japanese chemicals business, unveiled ALPOLIC, their new aluminium composite material, in January 2020. This is the world’s first ACM to be accredited to the Euroclass A1 standard, which is widely recognised as one of the most demanding fire protection criteria for building materials. It’s a three-layered composite material made by bonding two aluminium sheets to the front and rear of a core material.
The Aluminum Composite Panels Global Market Report 2023 provides a aluminum composite panels market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The aluminum composite panels market forecast analyzes aluminum composite panels market size, aluminum composite panels market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
A sandwich panel, also known as an aluminium composite panel (ACP), is a form of building material used in interior design, architecture, and construction. It is made up of two thin aluminium sheets that are bonded to a non-aluminum core, which is commonly made of polyethylene (PE) or a core filled with fire-retardant minerals.
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