Yahoo Finance Global Aluminum Composite Panels Market Size to grow $9.8 Bn by 2030; Spherical Insights
Global Aluminum Composite Panels Market Size is projected to reach a revised size of US$ 9.8 Billion by 2030, growing at a CAGR of 5.8%. Asia Pacific region is dominating the market share of global aluminum composite panels market owing due to rapidly expanding construction sector is expected to positively affect the regional market.
New York, USA, Oct. 05, 2022 (GLOBE NEWSWIRE) -- The Global Market for Aluminum Composite Panels estimated at US$ 5.3 Bn in the year 2021, is projected to reach a revised size of US$ 9.8 Billion by 2030, growing at a CAGR of 5.8%. as per the latest research report by Spherical Insights & Consulting.
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Browse key industry insights spread across 230 pages with 122 market data tables and figures & charts from the report “Global Aluminum Composite Panels Market Size, Share, and COVID-19 Impact Analysis, By Product (Polyvinylidene Difluoride, Polyester, Laminating Coating, Oxide Film, and Others), By Application (Building & Construction, Automotive, Advertising Board, Railways & Others): By Region (U.S., Canada, Mexico, Rest of North America, The UK, France, Germany, Italy, Spain, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, the Netherlands, Luxembourg), Rest of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa, Brazil, Argentina, Rest of Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2021-2030 in detail along with the table of contents
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The fire repellant quality of the fire-resistant aluminum composite panels segment, which prevents fire accidents in the residential or commercial sectors, is responsible for its leading market position. Due to its widespread preference in both the residential and non-residential sectors, the demand for fire-resistant aluminum composite panels is increasing. These panels are good for reducing static electrical charges since they are dust-proof, fire resistant, and create a barrier against bacteria and microorganisms. These elements have recently contributed to the market growth of aluminum composite panels.
Because of their excellent toughness, fire resistance, antibacterial, and weather-proof qualities, aluminum composite panels are in high demand due to the growing uniformity of architecture, which has raised the requirement to install them. The growing building and construction sector is to blame for the rising use of these panels in the Asia Pacific region. The majority of the market was occupied by the polyvinylidene difluoride category. Due to the increasing use of PVDF in films, sheets, membranes, and coatings across a number of industries, including chemical production, oil & gas, construction, and power, the polyvinylidene difluoride (PVDF) market is anticipated to grow quickly during the projected period. The majority of applications for PVDF call for exceptional resistance, high levels of resistance, and solvent purity.
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The industry is expected to grow as a result of the region's growing number of green buildings. The expansion of North America is being aided by an increase in governmental programme and initiatives to foster better infrastructure. In addition, the increase is anticipated to be boosted by the increasing usage of panels in cladding and ornamental applications to meet evolving architectural and energy standards. In North America, increased production of hybrid and electric vehicles will also show favorable results.
Key Companies & Recent Developments: Partnerships, strategic mergers, and acquisitions are expected to be the most successful strategies for industry participants to get speedy access to growing markets while also improving technological capabilities. The major companies profiled in this report include Chinese manufacturers. Hyundai Alcomax Co, Mitsubishi Plastics, Inc.; Ltd, Arconic, Inc., Fairfield Metal LLC, Jyi Shyang Industrial and others.
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