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Global Aluminum Composite Material Panels Market Insight December 30, 2021 Comments

The aluminum composite material panel is forecast to continue rising quickly over the next four years. According to the World Knowledge Information (WKI) “Global Aluminum Composite Material Panels Professional Survey Report 2020, Forecast to 2025”, The growth of demand in terminal industry is the main influencing factor to promote the development of aluminum composite plate market.The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 6.52% base on WKI regression analysis model.

Analysts’ Viewpoint:

“From the current industry situation, XX market is scattered, the industry concentration is low, and the industry access threshold is low. Enterprises in the investment wait-and-see period can seize the opportunity.”said Selena, Senior analyst, Chemicals Goods Market Research Center in WKI.“As the millennials gradually become the mainstream consumers in the market, aesthetic products in line with the trend of young people will have bright development prospects.”

Market insight:

The low price of aluminum composite plate makes it conducive to construction. The aluminum composite can also withstand high wind loads. Because they can be cleaned and cleaned at any time, they also eliminate unnecessary costs such as maintenance. Therefore, the growing demand of the construction industry is driving the aluminum composite plate market. In addition, in terms of style and function, aluminum composite plates are used in vehicles for aesthetic purposes. These panels can be used as fillers, noise dampers, and even add elegance and style. These panels can both work and add elegance, and can also be used in trucks and buses. This panel is used as a heat insulator and is very good. ACP has the advantages of light weight, compression resistance, high rigidity, fire prevention, non flammability, no harmful gas, simple installation, reduced time and installation cost, and high sound insulation effect. The growing demand for these panels in the automotive industry is expected to drive market growth.

In order to maintain the rigidity and increase the service life and durability of the panel, the aluminum composite plate needs to be maintained regularly. The high maintenance cost is expected to hinder the growth of the aluminum composite plate Market in the forecast period.

Competition Landscape:

Key players in the aluminum composite material panels market include 3A Composites GmbH, Jyi Shyang Industrial Co., Ltd., Arconic Inc., Alstrong Enterprises India (Pvt) Ltd, Alubond U.S.A.and others.

Segmentation of Aluminum Composite Material Panels Market:
According to the type, the aluminum composite plate market can be divided into refractory, antibacterial, antistatic and others. Among them, refractory aluminum composite plate occupies the leading position in the market. Because of its fire performance, it can prevent fire accidents in residential or commercial departments and ensure people’s life safety. According to the application, the aluminum composite plate market can be divided into construction and construction, advertising, automobile, transportation and others. Building and construction is the largest application industry of aluminum composite plate. The driving force of the aluminum clad plate market is the improvement of building standardization, which increases the necessity of installing aluminum clad plates in new buildings and the excellent quality of aluminum clad plates in durability, fire resistance, antibacterial and weather resistance. With the large investment and demand for infrastructure in emerging economies such as China, India, Brazil and Russia, the construction and construction industry is growing rapidly, which promotes the development of the market scale of aluminum composite plate.

Aluminum Composite Material Panels Market: Regional Analysis

In terms of geography, the global aluminum composite material Panels market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.The Asia Pacific region dominates the global market share. Due to factors such as growing construction activities and preference for low maintenance construction products, the Asia Pacific region will continue to be a leader in the forecast period. In the Asia Pacific region, China is the largest consumer of aluminum-plastic plates, followed by Japan. The continuous development of China’s construction industry is expected to promote the aluminum clad plate market. Japan is increasingly inclined to use convenient and safe building materials, which is expected to promote the aluminum composite plate Market in the Asia Pacific region.

 

Cagr: 6.52%
Largest share area:Asia Pacific
Largest share country:China