Aluminum Composite Panels Market Holds Growth of $8.26 Billion By 2025: Grand View Research, Inc.
The global aluminum composite panels market is expected to
reach USD 8.26 billion by 2025, according to a new report by Grand View
Research, Inc. The rapid growth of the construction and infrastructure
industries, most notably in emerging regions, is expected to drive the growth
of the aluminum composite panels (ACP) market over the coming years.
The growth in population and urbanization have
resulted in increased demand for infrastructure development as well as
residential construction, thereby increasing the pressure on the construction
sector worldwide. The superior properties of ACPs, including corrosion
resistance, wear resistance, and fire protection renders the product very
useful for external cladding, ceiling, flooring, and internal wall cladding
functions in the construction industry.
The widening application scope of ACP in the
automotive industry is also expected to have significant impacts on the overall
industry growth during the forecast period. The growing automotive production,
mainly in China, Malaysia, Japan, Indonesia, and Taiwan, is expected to propel
demand for the product in the automotive sector in Asia Pacific, wherein a
majority of the automotive production in concentrated presently. The
application of ACPs in automotive is expected to witness growth to the tune
nearly 8%, in terms of revenue, in Asia Pacific during the forecast period.
ACPs in light commercial vehicles are expected to
observe the highest growth over the forecast years, at an estimated CAGR of
nearly 7% from 2016 to 2025. The increasing use of LCVs in the logistics &
transportation industry propels the demand for LCVs worldwide. The application
scope of ACPs in passenger cars is also expected to rise considerably over the
coming years. In passenger cars, the major application areas for ACPs include
side panels, door panels, and hoods.
Full
Research Report On Global Aluminum Composite Panels Market By Grand View
Research:
www.grandviewresearch.com/industry-analysis/aluminum-composite-panel-market
www.grandviewresearch.com/industry-analysis/aluminum-composite-panel-market
Further
key findings from the study suggest:
- The global aluminum composite panels revenue
exceeded USD 4,000 million in 2015 and is expected to grow significantly
during the forecast years, mainly due to the rising application scope of
the product in the construction industry worldwide
- PVDF was recorded to be the largest product
segment in 2015 and is estimated to generate revenue over USD 5,000
million by 2025; the large share of this segment can be attributed to
superior product properties such as resistance to wear & tear, UV,
corrosion, water, combined with low costs
- The global demand in construction was over USD
4,000 million in 2015 and is anticipated to witness the highest growth
over the forecast period; the rapid growth of the construction industry in
emerging regions, on account of economic & industrial growth and
urbanization, can be regarded as the major factor driving the
aforementioned trend
- In the automotive application segment, the cars
segment emerged as the largest end-use segment in 2015, accounting for
over 70% share of the overall revenues in 2015, mainly on account of the
relatively higher production output associated with the segment, among all
vehicle types
- The industry in Asia Pacific is projected to
witness substantial growth over the coming years, primarily due to the
growing infrastructure development and construction activities in the
region. The regional industry is slated to grow at a CAGR of 7.4% from
2016 to 2025, in terms of volume; the growth of the concerned industry in
the region can be attributed to the rapid growth of construction and
automotive industries in key countries
- The major players in the industry include
Alcoa, Interplast, Aludecor, Alubond U.S.A, and 3A Composites, together
accounting for a major share in the global aluminum composite panels
market.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand View Research has segmented the global aluminum composite panels
market on the basis of product, application, and region:
Product
Outlook (Volume, Million Sq. Ft.; Revenue, USD Million, 2014 - 2025)
- PVDF
- Polyester
- Laminating
Coatings
- Oxide
Film
- Others
Application
Outlook (Volume, Million Sq. Ft.; Revenue, USD Million, 2014 - 2025)
- Construction
- Automotive
- Advertisement
Boards
- Railways
- Others
Regional
Outlook (Volume, Million Sq. Ft.; Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia
Pacific
- China
- India
- Japan
- Central
& South America
- Brazil
- Middle
East & Africa
- Saudi
Arabia
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-aluminum-composite-panel-market
www.grandviewresearch.com/press-release/global-aluminum-composite-panel-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company, registered
in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For More
Information: www.grandviewresearch.com
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