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.
Increasing application in the construction industry
Favourable government regulations
Availability of substitutes
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.
The aluminum composite panel market has been analyzed through the following segments:
By core type
PE (Polyethylene) core
FR (Fire resistant) core
By coating type
By end-use industry
Building & Construction
Middle East and Africa