Aluminum Composite Panels Market by Base Coating Type (PE, PVDF), Type (Fire-resistant, Antibacterial), Application (Building & Construction, Advertising, and Transportation), Composition (Core material, Metal skin), and Region - Global Forecast to 2022
“Aluminum composite panels market is projected to grow at a CAGR of 6.92% from 2017 to 2022”
The aluminum composite panels market size is projected to grow at a CAGR of 6.92% during the forecast period, and reach USD 8.79 billion by 2022 from USD 6.29 billion in 2017. The market is driven by factors such as rapid urbanization, rise in construction activities in emerging economies, and large-scale investments in the industrial and infrastructure sectors. However, high cost is involved in case repairing work.
“Based on type, the fire-resistant segment accounted for the largest share of the aluminum composite panels market in 2016”
The fire-resistant segment is expected to grow at the highest rate as it these panels are durable, protect from fire and UV-light, and can withstand moist and icy weather conditions. Fire-resistant aluminum composite panels are widely used in residential, industrial, and commercial structures; this segment is projected to grow at the highest CAGR. These are some of the factors driving the global fire-resistant aluminum composite panels market.
“The Asia Pacific aluminum composite panels market is expected to witness the highest growth during the forecast period.”
The Asia Pacific region is projected to be the fastest-growing market during the forecast period. Factors such as rise in population and increase in income levels are accelerating the per capita spending on construction. The markets of China and India are projected to be lucrative due to their rising middle-class population and increase in consumer spending on construction sectors.
Breakdown of Primaries
Primary interviews were conducted with a number of industry experts in order to collect data related to different aspects of the market. Estimates reached after analyzing secondary sources were validated through these interviews. Primary sources included professionals such as constructors, aluminum composite panel manufacturers, distributors, consultants, and academic professionals. The distribution of primary interviews is as follows:
By Company Type: Tier 1 – 58%, Tier 2 – 32%, Tier 3 – 10%
By Designation: C-level – 41%, Director Level – 28%, Others – 31%
By Region: North America – 25%, Europe – 28%, Asia Pacific – 22%, Middle East & Africa – 15%, South America – 10%
Note: The tier of the companies is defined on the basis of their total revenues, as of 2016.
Tier 1: Revenue > USD 5 billion; Tier 2: USD 1 billion < Revenue < USD 5 billion; Tier 3: Revenue < USD 1 billion
The various key players profiled in the report are as follows:
1. Arconic (US)
2. Yaret Industrial Group (China)
3. Mitsubishi Chemical (Japan)
4. 3A Composites (Switzerland)
5. Alubond U.S.A. (US)
6. Alumax Industrial (Taiwan)
7. Shanghai Huayuan New Composite Materials (China)
8. Changshu Kaidi Decoration Material (China)
9. Guangzhou Xinghe ACP (China)
10. Jyi Shyang Industrial (Taiwan)
The primary objective of this study is to define, forecast, and segment the aluminum composite panels market on the basis of type, base coating type, composition, application, and region. The study also aims at strategically analyzing micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market. It also provides detailed information about the key market dynamics that include drivers, restraints, opportunities, and industry-specific challenges. In addition, the study analyzes competitive developments such as mergers & acquisitions, expansions, new product developments, and research & development activities in the aluminum composite panels market.
Reasons to buy the report
The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the aluminum composite panels market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across the different verticals and regions.
2. The report helps stakeholders to understand the market and provides information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to better understand their competitors and gain more insights into their position in the business. The competitive landscape section includes new product developments, acquisitions, agreements, partnerships, and expansions.
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