The global aluminum composite panels market is expected to
reach USD 8.26 billion by 2025, according to a new report by Grand View
Research, Inc. The rapid growth of the construction and infrastructure
industries, most notably in emerging regions, is expected to drive the growth
of the aluminum composite panels (ACP) market over the coming years.
The growth in population and
urbanization have resulted in increased demand for infrastructure development
as well as residential construction, thereby increasing the pressure on the
construction sector worldwide. The superior properties of ACPs, including
corrosion resistance, wear resistance, and fire protection renders the product
very useful for external cladding, ceiling, flooring, and internal wall
cladding functions in the construction industry.
The widening application scope of
ACP in the automotive industry is also expected to have significant impacts on
the overall industry growth during the forecast period. The growing automotive
production, mainly in China, Malaysia, Japan, Indonesia, and Taiwan, is
expected to propel demand for the product in the automotive sector in Asia
Pacific, wherein a majority of the automotive production in concentrated
presently. The application of ACPs in automotive is expected to witness growth
to the tune nearly 8%, in terms of revenue, in Asia Pacific during the forecast
period.
ACPs in light commercial vehicles
are expected to observe the highest growth over the forecast years, at an
estimated CAGR of nearly 7% from 2016 to 2025. The increasing use of LCVs in
the logistics & transportation industry propels the demand for LCVs
worldwide. The application scope of ACPs in passenger cars is also expected to
rise considerably over the coming years. In passenger cars, the major
application areas for ACPs include side panels, door panels, and hoods.
Browse full research report on Aluminum Composite Panel
Market: http://www.grandviewresearch.com/industry-analysis/aluminum-composite-panel-market
Further key findings from
the report suggest:
- The global aluminum composite panels revenue exceeded
USD 4,000 million in 2015 and is expected to grow significantly during the
forecast years, mainly due to the rising application scope of the product
in the construction industry worldwide
- PVDF was recorded to be the largest product segment
in 2015 and is estimated to generate revenue over USD 5,000 million by
2025; the large share of this segment can be attributed to superior
product properties such as resistance to wear & tear, UV, corrosion,
water, combined with low costs
- The global demand in construction was over USD 4,000
million in 2015 and is anticipated to witness the highest growth over the
forecast period; the rapid growth of the construction industry in emerging
regions, on account of economic & industrial growth and urbanization,
can be regarded as the major factor driving the aforementioned trend
- In the automotive application segment, the cars
segment emerged as the largest end-use segment in 2015, accounting for
over 70% share of the overall revenues in 2015, mainly on account of the
relatively higher production output associated with the segment, among all
vehicle types
- The industry in Asia Pacific is projected to witness
substantial growth over the coming years, primarily due to the growing infrastructure
development and construction activities in the region. The regional
industry is slated to grow at a CAGR of 7.4% from 2016 to 2025, in terms
of volume; the growth of the concerned industry in the region can be
attributed to the rapid growth of construction and automotive industries
in key countries
- The major players in the industry include Alcoa,
Interplast, Aludecor, Alubond U.S.A, and 3A Composites, together
accounting for a major share in the global aluminum composite panels
market.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand View Research has segmented the global aluminum
composite panels market on the basis of product, application, and region:
Product Outlook (Volume, Million Sq. Ft.; Revenue, USD
Million, 2014 - 2025)
- PVDF
- Polyester
- Laminating
Coatings
- Oxide
Film
- Others
Application Outlook (Volume, Million Sq. Ft.; Revenue,
USD Million, 2014 - 2025)
- Construction
- Automotive
- Advertisement
Boards
- Railways
- Others
Regional Outlook (Volume, Million Sq. Ft.; Revenue, USD
Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia
Pacific
- China
- India
- Japan
- Central
& South America
- Brazil
- Middle
East & Africa
- Saudi
Arabia
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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