Aluminum Composite Panels Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 6.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Aluminum Composite Panels Market Analysis
The Aluminium Composite Panel market is projected to register a CAGR of over 6% during the forecast period.
In 2020, COVID-19 had a detrimental effect on the market. With the resumption of operations in major end-user industries, the market was expected to recover significantly in 2021-2022.
- Over the short term, the increasing demand for PVDF-based aluminum composite panels is expected to drive market demand during the forecast period.
- The availability of cheaper alternatives is hindering the growth of the market studied.
- Large-scale investments in hotels in ASEAN countries are likely to act as an opportunity for the market.
The Asia Pacific region accounts for the highest market share and is expected to dominate the market during the forecast period.
Aluminum Composite Panels Market Trends
This section covers the major market trends shaping the Aluminum Composite Panel Market according to our research experts:
Demand for Strong and Lightweight Materials in Construction
- Aluminum composite panels (ACP) are lightweight and have an impressive strength-to-weight ratio. They provide improved rigidity and durability, weather and UV resistance, superior thermal and sound insulation, and resistance to harsh conditions, such as acids, alkali salts, and pollution.
- Because of these things, they are often used as interior decorations, claddings, exterior wall insulation and coverings, and exterior and interior parts of ships, trucks, cars, and other vehicles, among other things.
- In the past few years, the construction industry has grown quickly. This is mostly because emerging economies like China, India, Brazil, and Russia are investing a lot in infrastructure and have a high demand for it.
- Currently, the construction industry is primarily witnessing strong growth in the Asia-Pacific, Middle East, and African regions.
- In the Asia-Pacific region, India is anticipated to remain the fastest-growing G20 economy. The Indian government announced a target of USD 376.5 billion in infrastructure investment over three years (2023-2025), including USD 120.5 billion for developing 27 industrial clusters and USD 75.3 billion for road, railway, and port connectivity projects.
- Saudi Arabia is working on a lot of residential and commercial projects, which will likely lead to more building in the country.The USD 500 billion futuristic mega-city "Neom" project, the Red Sea Project - Phase 1, which is expected to be completed by 2025 and has 14 luxury and hyper-luxury hotels with 3,000 rooms spread across five islands and two inland resorts, Qiddiya Entertainment City, Amaala - the uber-luxury wellness tourism destination, Jean Nouvel's Sharaan resort in Al-Ula, Ministry of Housing's Sa
- All the aforementioned factors are expected to increase the demand for aluminum composite panels (ACP) during the forecast period.
Asia-Pacific Region is Expected to Dominate the Market
- The Asia-Pacific region dominated the global market share in the market studied. Factors such as growing construction activities and a preference for low-maintenance building products are favoring market growth.
- The tourism departments of ASEAN countries are making big investments in hotels, which is good for the growth of the market because ACPs are used to decorate hotel rooms and make them look nice.
- The construction sector is a key player in China's continued economic development. The value of construction output accounted for 25.7% of China's GDP in 2021, up from 11.0% in 2020, according to the National Bureau of Statistics.
- According to China's Five-Year Plan, unveiled in January 2022, the construction industry is estimated to register a growth rate of 6% in 2022. Prefabricated parts, which are either partially or wholly manufactured and transported to construction sites for assembly, may account for over 30% of the new construction in the country.
- The Indian government strongly focuses on infrastructure development to boost economic growth. The real estate sector in the country is expected to reach a market size of USD 1 trillion by 2030 while contributing 13% of the country's GDP by 2025.
- Increasing investments in the residential and commercial sectors, as well as strategic initiatives by the Indian government, are expected to boost the construction sector in the country, which is expected to drive the aluminum composite panel (ACP) market in India.
- South Korea produced 3,506,774 vehicles in 2020, a decline of 11.2% compared to the previous year. The decline in production was due to the decrease in domestic sales and imports. However, production increased in the first nine months of 2021 and reached 2,576,501 units. It increased by 1%, with over 2,549,109 vehicles produced in the first nine months of 2020. According to the OICA, automotive production in 2021 stood at 3,462,404 units.
- Hence, with the rapid growth expected in the construction and automotive industries, demand for aluminum composite panels (ACP) in the region is expected to increase drastically over the forecast period.
Aluminum Composite Panels Industry Overview
The aluminum composite panel (ACP) market is fragmented by nature. Key players in the aluminum composite panel (ACP) market include 3A Composites GmbH, Jyi Shyang Industrial Co. Ltd., Arconic Inc., Alstrong Enterprises India (Pvt.) Ltd., and Alubond USA, among others (not in any particular order).
Aluminum Composite Panels Market Leaders
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3A Composites GmbH
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Jyi Shyang Industrial Co., Ltd.
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Arconic
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Alstrong Enterprises India (Pvt) Ltd
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Alubond U.S.A.,
*Disclaimer: Major Players sorted in no particular order
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Aluminum Composite Panels Market News
- October 2022: Aludecor, India's one of the leading aluminum composite panel brands, inaugurated its third manufacturing unit in Haridwar, India.
Aluminum Composite Panels Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Demand for PVDF-based Aluminum Composite Panels
4.1.2 Increasing Demand for Strong and Lightweight Materials in Construction and Transportation
4.1.3 Strong Demand for Hoardings from the Advertising Industry
4.2 Restraints
4.2.1 Availability of Cheaper Alternatives
4.2.2 Rising Price of Aluminum
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
5.1 Top Coating
5.1.1 PE (Polyester)
5.1.2 PVDF (Polyvinylidene Fluoride)
5.1.3 Other Top Coatings
5.2 Application
5.2.1 Interior Decoration
5.2.2 Hoarding
5.2.3 Insulation
5.2.4 Cladding
5.2.5 Railway Carrier
5.2.6 Column Cover and Beam Wrap
5.2.7 Other Applications
5.3 End-user Industry
5.3.1 Building and Construction
5.3.2 Transportation
5.3.3 Other End-user Industries
5.4 Geography
5.4.1 Asia-Pacific
5.4.1.1 China
5.4.1.2 India
5.4.1.3 Japan
5.4.1.4 South Korea
5.4.1.5 Rest of Asia-Pacific
5.4.2 North America
5.4.2.1 United States
5.4.2.2 Canada
5.4.2.3 Mexico
5.4.3 Europe
5.4.3.1 Germany
5.4.3.2 United Kingdom
5.4.3.3 Italy
5.4.3.4 France
5.4.3.5 Rest of Europe
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle-East and Africa
5.4.5.1 Saudi Arabia
5.4.5.2 South Africa
5.4.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 3A Composites GmbH
6.4.2 ALSTONE
6.4.3 Alstrong Enterprises India (Pvt.) Ltd
6.4.4 Alubond USA
6.4.5 Alucoil
6.4.6 Arconic Inc.
6.4.7 Eurobond
6.4.8 GUANGZHOU XINGHE ACP CO. LTD
6.4.9 Interplast (Harwal Group of Companies)
6.4.10 Jyi Shyang Industrial Co. Ltd
6.4.11 Mitsubishi Chemical Corporation
6.4.12 Mulford
6.4.13 Qatar National Aluminium Panel Company
6.4.14 Yaret Industrial Group Co. Ltd
6.4.15 YingJia Aluminium Co. Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Large-scale Investments on Hotels in ASEAN Countries
Aluminum Composite Panels Industry Segmentation
An aluminum composite panel (ACP) is a flat panel crafted out of two aluminum alloy sheets bonded with a non-aluminum core to form a composite. It is used as cladding or facade material in buildings, insulation, and signage. The aluminum composite panel (ACP) market is segmented by top coating, application, end-user industry, and geography. By top coating, the market is segmented into PE, PVDF, and other top coatings. By application, the market is segmented into interior decoration, hoarding, insulation, cladding, railway carriers, column cover and beam wrap, and other applications. By end-user industry, the market is segmented by building and construction, transportation, and other end-user industries. The report also covers the market sizes and forecasts for the aluminum composite panel (ACP) market in 15 countries across the major regions. For each segment, market sizing and forecasts have been done based on revenue (USD million).
| Top Coating | |
| PE (Polyester) | |
| PVDF (Polyvinylidene Fluoride) | |
| Other Top Coatings |
| Application | |
| Interior Decoration | |
| Hoarding | |
| Insulation | |
| Cladding | |
| Railway Carrier | |
| Column Cover and Beam Wrap | |
| Other Applications |
| End-user Industry | |
| Building and Construction | |
| Transportation | |
| Other End-user Industries |
| Geography | |||||||
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Aluminum Composite Panels Market Research FAQs
What is the current Aluminum Composite Panel (ACP) Market size?
The Aluminum Composite Panel (ACP) Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Aluminum Composite Panel (ACP) Market?
3A Composites GmbH, Jyi Shyang Industrial Co., Ltd., Arconic, Alstrong Enterprises India (Pvt) Ltd and Alubond U.S.A., are the major companies operating in the Aluminum Composite Panel (ACP) Market.
Which is the fastest growing region in Aluminum Composite Panel (ACP) Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Aluminum Composite Panel (ACP) Market?
In 2024, the Asia-Pacific accounts for the largest market share in Aluminum Composite Panel (ACP) Market.
What years does this Aluminum Composite Panel (ACP) Market cover?
The report covers the Aluminum Composite Panel (ACP) Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aluminum Composite Panel (ACP) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Aluminum Composite Panels Industry Report
Statistics for the 2024 Aluminum Composite Panels market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Aluminum Composite Panels analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
