Aluminium Composite Panels Market: Current Analysis and Forecast (2022-2028)
Emphasis on Product Type (Polyvinylidene Fluoride (PVDF), Polyester (PE), and Others); Type (Fire Resistant, Antistatic, and Antibacterial); Vehicle Type (Passenger Cars and Light Commercial Vehicles); Application (Building & Construction, Advertisement Boards, Automotive, Railways, and Others); and Region/Country
Global Aluminium Composite Panels Market is expected to grow at a significant rate of around 6% during the forecast period. Aluminium Composite Panels (ACPs) are panels made of a non-toxic polyethylene (PE) core and two pre-coated, thermally bonded aluminium skins on either side. In the extract, they are flat panels constructed of an aluminium composite material that consists of two thin coil-coated sheets of aluminium connected to a core made of another material. ACPs are also utilized in the construction of insulation, signs, and outside facades or cladding. Major companies in the market offer ACPs for building & construction applications with technologically advanced features. For instance, in 2019, Arconic Inc. launched an aluminium composite panel, Reynobond with EcoClean, which is a self-cleaning panel that uses sunlight to break down dirt and other organic materials.
Arconic Corporation; ALUBOND U.S.A.; ALUMAX COMPOSITE MATERIAL (JIANGYIN) CO., LTD.; Mitsubishi Chemical Corporation.; 3A Composites; Alstrong Enterprises India (Pvt) Limited; Msenco Metal; Fairfield Metal; Viva Aluminium Composite Panel; Alcoa Corporation are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst product type, polyester aluminium composite panels (PE) category is to witness the highest CAGR during the forecast period”
Based on product type, the market is segmented into polyvinylidene fluoride (PVDF), polyester (PE), and others. The polyester aluminium composite panels (PE) category is to witness the highest CAGR during the forecast period. PE aluminium composite panels are composite materials made of a polyethylene core sandwiched between two thin sheets of aluminum. PE is used for a variety of applications, including exterior and interior building cladding, signage, and even as partitions or furniture. Thus, PE aluminium composite panels offer a cost-effective and versatile solution for various architectural and design applications.
Aluminium Composite Panels Market Report Coverage
“Amongst type, antibacterial is to hold a significant share of the market in 2021”
Based on the type, the market is categorized into fire resistant, antistatic, and antibacterial. Among these, antibacterial are to hold a significant share of the market in 2021. This is mainly due to the ACPs that have been specially treated with antibacterial agents to prevent the growth of bacteria, viruses, and other microorganisms on their surfaces. This is particularly important in environments where hygiene is a critical concern, such as hospitals, clinics, laboratories, and food processing plants. Thus, escalating the use of antibacterial ACPS in the market.
“APAC to hold a significant share in the market”
In 2020, APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasing demand for sustainable and low-maintenance building materials that offer both aesthetic and functional benefits leading to the growth of aluminium composite panels in the region. Moreover, the APAC region, including countries such as China, India, and Australia, is one of the largest and fastest-growing markets for aluminium composite panels. As the construction industry in these countries is rapidly expanding. Since aluminium composite panels are a prevalent choice for building cladding and decoration due to their affordability, durability, and versatility.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
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Table of Contents
Research Methodology for the Aluminium Composite Panels Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global aluminium composite panels market were the three major steps undertaken to create and analyze the adoption of aluminium composite panels in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global aluminium composite panels market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the aluminium composite panels market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the aluminium composite panels market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product type, type, vehicle type and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the aluminium composite panels market. Further, we conducted factor analysis using dependent and independent variables such as various product types, types, vehicle types and applications of aluminium composite panels. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the aluminium composite panels market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global aluminium composite panels market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the aluminium composite panels market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global aluminium composite panels market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global aluminium composite panels market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product type, type, vehicle type and application in the global aluminium composite panels market.
The main objective of the Global Aluminium Composite Panels Market Study
The current & future market trends of the global aluminium composite panels market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the aluminium composite panels market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of product type, type, vehicle type, and application.
- Define and analysis of the regulatory framework for the aluminium composite panels
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the aluminium composite panels market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the aluminium composite panels market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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