According to IMARC Group’s latest report, titled “Aluminum Composite Panels Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global aluminum composite panels market exhibited moderate growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 5% during 2021-2026.
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An aluminum composite panel (ACP) is a lightweight external cladding material manufactured by using two thin coil-coated aluminum sheets bonded to a non-aluminum core. It is primarily employed for designing contemporary facades on buildings, ceilings, and signage boards. ACP offers ease of installation and resistance to moisture, chemicals, corrosion, and ultraviolet (UV) rays. Besides this, they are low-maintenance and are available in a wide variety of colors and textures or can be digitally printed.
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The expanding advertisement industry has propelled the utilization of aluminum composite panels for outdoor advertising, thereby augmenting the market growth. Additionally, the rising adoption of durable and lightweight materials for numerous commercial and residential construction activities is also catalyzing the global market for ACPs. Furthermore, the growing number of green and smart buildings has augmented the need for ACP and its coated variants to provide insulation and protect the exposed area of the building from harsh climatic conditions. The market is further driven by the increasing utilization of ACPs in automobiles as noise dampers for compression-resistant and high acoustic insulation.
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List of Key Companies Covered in this Market Report:
The report has segmented the market on the basis of base coating type, panel type, composition, application and geography.
Breakup by Base Coating Type:
Key highlights of the report:
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