Global Aluminium Composite Panels Market 2017-2021
About Aluminum Composite Panels
Aluminum composite panels are lightweight materials. These panels are made of two aluminum cover sheets that are laminated with a plastic material. The thickness of these panels ranges from 3 mm to 6 mm after finishing. Further, these materials can be bent or curved according to application requirements. Aluminum composite panels are widely used for both commercial and residential purposes. These panels form the exterior covering of corporate houses and commercial buildings.
Technavio’s analysts forecast the global aluminum composite panels market to grow at a CAGR of 6.27% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global aluminum composite panels market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Aluminum Composite Panels Market 2017-2021
Technavio recognizes the following companies as the key players in the global aluminum composite panels market: 3A Composites, Alcoa, Alubond U.S.A, Guangzhou Xinghe ACP, and Jyi Shyang Industrial.
Other Prominent Vendors in the market are: Alucoil, Alstrong Enterprises India, AMAG Austria Metall, Constellium, Kaidi Industrial, Jiangyin litai ornamental materials, Mitsubishi Plastics, Msenco Metal, RUSAL, Taizhou Kingertai Decoration Material, Yaret Industrial Group, and Zhongshan Yingjia Aluminum.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is innovations in aluminum composite panels for interior decorative purposes. Aluminum composite panels not only have a long life but also require less maintenance. These are also flexible enough to fit the requirements of interior decorators. Thus, with the increase in building and construction activities, the demand for aluminum composite panels for decorative purposes is expected to increase during the forecast period.”
According to the report, one driver in the market is rising demand for fire-resistant aluminum composite panels. Fire-resistant aluminum composite panels are broadly used in commercial, residential, and industrial structures. The demand for these fire-resistant composite panels is increasing with the rise in safety consciousness among consumers, including protection from fire in buildings and other enclosed spaces. Another important aspect of fire-resistant aluminum composite panels is that these panels do not compromise on the other properties of a typical aluminum composite panel such as properties of moisture resistance, easy processing, high strength, and protection.
Further, the report states that one challenge in the market is increase in cost of energy. Energy prices account for a major share (approximately 35%) of the aluminum production cost. Owing to the increase in the demand for energy, the prices are rising, leading to the closure of many smelters. For instance, the energy cost per metric ton of aluminum production in China is approximately $900, whereas the energy cost per metric ton of aluminum production in Canada and the Middle East is approximately $350.
3A Composites, Alcoa, Alubond U.S.A, Guangzhou Xinghe ACP, and Jyi Shyang Industrial. Alucoil, Alstrong Enterprises India, AMAG Austria Metall, Constellium, Kaidi Industrial, Jiangyin litai ornamental materials, Mitsubishi Plastics, Msenco Metal, RUSAL, Taizhou Kingertai Decoration Material, Yaret Industrial Group, and Zhongshan Yingjia Aluminum.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook