Aluminum Composite Panels Market Size, Share, And Trends By Core Type (Polyethylene Core, Fire Resistant Core, Aluminum Core), By Coating Type (PVDF, FEVE, Other), By End-Use Industry (Building & Construction, Advertising, Transportation), And By Geography – Forecast From 2019 To 2024

Aluminum Composite Panel is a flat panel made with two aluminum alloy sheets with a non-aluminum core in order to form a composite. It is used in the construction industry for cladding and insulation in buildings and signage. The market for the aluminum composite panel is expected to have a significant market growth driven by its increasing applications in the construction industry because of its favourable features such as high insulation, lower thickness, superior sealing, excellent air and water barrier, durability and high load performance. Government regulation to incorporate light weight material in automobiles and environment-friendly materials in buildings is also expected to drive the market growth. However, availability of substitutes such as metal laminate, copper composite panel and zinc composite panel is expected to be a restraint for the market.

By end-use industry, building and construction segment is expected to have a significant growth rate due to rapid urbanization and increasing demand for these panels. By geography, the Asia Pacific region is estimated to have a considerable market share due to high demand particularly in China and the presence of major players in this market.

DRIVERS

Increasing application in the construction industry

Favourable government regulations

RESTRAINT

Availability of substitutes

INDUSTRY UPDATE

In February 2019, Arconic Inc. announced an investment of approximately $100 million to expand its hot mill capability and add downstream equipment capabilities to manufacture industrial and aluminium products in its Tennessee Operations facility.

SEGMENTATION

The aluminum composite panel market has been analyzed through the following segments:

By core type

PE (Polyethylene) core

FR (Fire resistant) core

Aluminum core

By coating type

PVDF

FEVE

Other

By end-use industry

Building & Construction

Advertising

Transportation

By Geography

North America

USA

Canada

Mexico

South America

Brazil

Argentina

Others

Europe

Germany

France

United Kingdom

Spain

Others

Middle East and Africa

Saudi Arabia

Israel

Others

Asia Pacific

China

Japan

South Korea

India

Others