Aluminum Composite Panels Market Growth 2023-2028, Industry Size, Share, Trends and Forecast

According to IMARC Group’s latest report, titled “Aluminum Composite Panels Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The global aluminum composite panels market size reached US$ 5.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.

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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Market Trends

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:

3A Composites (Schweiter Technologies)

Alubond U.S.A. (Mulk Holdings Group)

Alumax Industrial Co. Ltd.

Changshu Kaidi Decoration Material Co. Ltd.

Guangzhou Xinghe Aluminum Composite Panel Co. Ltd.

Mitsubishi Chemical Corporation

Shanghai Huayuan New Composite Materials Co. Ltd.

Shyang Industrial Co. Ltd.

The report has segmented the market on the basis of base coating type, panel type, composition, application and geography.

Breakup by Base Coating Type:

PVDF

Polyester

Laminating Coating

Oxide Film

Others

Breakup by Panel Type:

Fire-Resistant

Antibacterial

Antistatic

Breakup by Composition:

Surface Coating

Metal Skin

Core Material

Rear Skin

Breakup by Geography:

North America (U.S. & Canada)

Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)

Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)

Latin America (Brazil, Mexico)

Middle East & Africa

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