(MENAFN - GetNews) The report on 'Global Aluminium Composite Panels Market " helps you to understand the market size, share, growth, trends, major companies performance data and market opportunities.
Global Aluminium Composite Panels Market Overview:
Aluminum composite panels are thin sandwich panels in which a non-aluminum core is bonded between two aluminum sheets. They can be used as external coatings in multi-level buildings due to their lightness and robustness. Aluminum composite panels include low-density filler materials, mainly polyethylene and other materials, available in thicknesses between 3 and 6 mm. The aluminum composite panels are considered perfect for attractive and modern interior designs, as well as for their exclusive availability of colors. Easy installation, high rigidity and high resistance to water, chemicals and corrosion make the aluminum composite panels the main product used for decorative purposes. Features such as excellent strength, UV resistance, weather resistance, attractive colors, improved recyclability and reuse should allow aluminum composite panels to gain market attraction. Large price fluctuations in the aluminum industry, leading to changes in the margins of different market players, such as manufacturers, suppliers of raw materials and distributors, can lead to a dynamic nature of price of the panel aluminum compounds.
Global Aluminium Composite Panels Market Size:
The size of Global Aluminium Composite Panels Market size estimated to grow USD XX Billion by 2023 registering a CAGR of XX% during the forecast timespan.
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Global Aluminium Composite Panels Market - Drivers and restraints:
The easy installation, the absence of emissions of volatile organic compounds (VOC) and the perfect flatness are some of the factors that should boost the growth in the global market of composite aluminum panels during the planned period. In addition, it is expected that the high corrosion resistance of the surface and the important applications in kitchens, bathrooms, walls, partitions and ceilings will drive the market growth of composite aluminum panels during the forecast period. In addition, the ease of forming, cleaning and maintenance are other factors that should contribute to the growth of the global market over the next decade. Durability, strength, color uniformity and versatility are some of the other factors that would play an important role in the growth of the global market for composite aluminum panels during the planned period. Aluminum composite panels are prone to dents during hurricanes and storms. Therefore, they should be protected from any damage by reinforcement with special cables. In addition, good waterproofing is necessary to prevent water from entering buildings during the rains. The above factors are expected to hamper the growth of the aluminum composite panel market during the forecast period.
Global Aluminium Composite Panels Market - Geographic Segmentation:
North America market is estimated to account for a major share in the global aluminum composite panels market owing to well-matured building and construction industry in the region. Western Europe is expected to witness considerable growth in the market during the forecast period. Growing construction industry, shifting the focus of automakers towards production facilities in China and India and low cost of aluminum composite panels are expected to drive market growth in the APAC over the forecast period. Moreover, the Middle East and Africa, which is quite impressive in the construction industry, is expected to grow at a considerable rate over the forecast period. Latin America and Eastern Europe are estimated to witness relatively slow growth in the overall market in the next decade.
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Companies leading the Global Aluminium Composite Panels Market are:
The global aluminum composite panels market is dominated by players such as Arconic (US), Yaret Industrial Group (China), Mitsubishi Chemical (Japan), 3A Composites (Switzerland), Alubond U.S.A. (US), Alumax Industrial (Taiwan), Shanghai Huayuan New Composite Materials (China), Changshu Kaidi Decoration Material (China), Guangzhou Xinghe Aluminum Composite Panel (China), and Jyi Shyang Industrial (Taiwan). These players adopted various strategies such as new product launches, acquisitions, and expansions to meet the demand.
Key Takeaways from this Global Aluminium Composite Panels Market Report: For different product types, end-use applications and industry verticals, offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the market potential. Identify various driving factors, constraints and untold opportunities that can impact the global marketplace Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on. Increase overall revenue by understanding the geographical impact on sales and distribution channels. Evaluate the increase in values at each step of the industry supply chain to improve process efficacy and optimize the value. Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years. Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide market in over 20 top nations.
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