San Francisco, 25 March, Aluminum Composite Panels Market Size, Share
& Trends Analysis Report By Product (PVDF, Polyester, Laminating Coating),
Application, By Vehicle Type (LCVs, Passenger Car), And Segment Forecasts, 2019
- 2025
The global aluminum composite panels market size is expected to reach
USD 8.27 billion by 2025 registering a CAGR of 6.4%, according to a new report
by Grand View Research, Inc. Superior properties of ACPs, including corrosion
and wear resistance and fire protection renders the product very useful for
external cladding, ceiling, flooring, and internal wall cladding functions in
the construction industry. Thus, rapid growth of the construction and
infrastructure industries, most notably in emerging economies, is expected to
drive the market. Growing automotive production in emerging countries coupled
with rising usage of ACPs, as they are lighter than steel, is expected to
benefit the overall market growth.
In addition, recyclability of
automotive aluminum scrap is also likely to provide impetus to the consumption
of product in automotive application. Eco-friendly characteristics of ACPs
coupled with increasing adoption of green buildings is projected to fuel the
product demand over the forecast period. Thermal and acoustic insulation
offered by the product is also projected to increase its applications in modern
construction. The market is moving towards consolidation on the back of the
increasing application scope of the product. However, lack of process
integration and competitive pricing strategies are expected to keep the
competitive rivalry high in the global market over the forecast period.
Access Full Research Report
On Aluminum
Composite Panels Market Analysis:
Further key findings from the study suggest:
·
The global aluminum composite
panels market was valued at USD 5.34 billion in 2018 and is expected to grow
significantly during the forecast years due to rising product application scope
in the construction industry
·
PVDF was the largest product
segment in 2018 and is estimated to expand further due to high product demand
as a result of superior properties, such as resistance to wear & tear, UV,
and corrosion
·
The construction sector is
anticipated to witness the highest CAGR over the forecast period on account of
rapidly expanding construction industry in emerging economies, such China, India,
and Brazil
·
Passenger cars emerged as the
largest end-use segment in 2018 on account increased usage of ACPs as they are
lighter than steel
·
The Asia Pacific market is
projected to register the maximum CAGR of 7.3% over the estimate period
primarily due to increased infrastructure development and construction
activities in the region
Browse More Reports Of This Category By
Grand View Research At: https://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,
vehicle type, and region:
Aluminum Composite Panels Product
Outlook (Volume, Million Sq. ft., Revenue, USD Million, 2014 - 2025)
·
PVDF
·
Polyester
·
Laminating Coating
·
Oxide Film
·
Others
Aluminum Composite Panels
Application Outlook (Volume, Million Sq. ft., Revenue, USD Million, 2014 -
2025)
·
Construction
·
Automotive
·
Advertisement Boards
·
Railways
·
Others
Aluminum Composite Panels
Vehicle Type Outlook (Volume, Million Sq. ft., Revenue, USD Million, 2014 -
2025)
·
Passenger Cars
o
Doors
o
Hoods
o
Wings
o
Side Panels
o
Others
·
Light Commercial Vehicles
(LCVs)
Aluminum Composite Panels
Regional Outlook (Volume, Million Sq. ft., Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
U.K.
o
France
o
Italy
o
Spain
o
Russia
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
o
Brazil
·
Middle East & Africa
o
Saudi Arabia
Access Full Press Release of this Report: https://www.grandviewresearch.com/press-release/global-aluminum-composite-panel-market
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.
For more information: www.grandviewresearch.com/
No comments:
Post a Comment