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The Aluminium Composite Panels Market drivers and trends are as follows:
The significant factor driving the growth of the global ACP market includes the growing application in various sectors, including building & construction, transportation, and advertising boards due to its various properties such as fire resistance, lightness, and non-combustibility, acoustic insulation, and time and cost-effectiveness. The aluminium composite panel helps in enhancing the appearance of internal & external walls and offers easy maintenance and high durability. Furthermore, the rise in the demand for aluminium composite panels owing to the standardization in the building & construction industry will further boost the growth of the market. The increasing international building code with remarkable designs provides more sustainability and energy efficiency, which will lead to an upsurge in demand for aluminium composite panels during the forecast period. Additionally, the growing construction of manufacturing plants, factories, stadiums, and corporate offices will propel the growth of aluminium composite panel market globally.
As per the global construction 2030 report by Global Construction Perspectives and Oxford Economics, the global construction industry is projected to reach USD 8 trillion by 2030. Various developing countries such as China, India, and Saudi Arabia widely emphasize upcoming construction projects. For example, the "Make in India" program introduced by the Government of India, is particularly designed to motivate companies to manufacture their products in India. This initiative is encouraging the construction of new industrial and commercial projects in India. On the other edge of the spectrum, the regular maintenance cost and high repairing cost of the aluminium composite panel will hinder the growing demand of the market during the forecast period.
Key Benefits of the Report:
- This report offers an analytical depiction of the aluminium composite panels market while providing the current trends and future estimations to determine the imminent investment pockets.
- This study illustrates every relevant information, including the market drivers, restraints, and emerging opportunities, followed by a detailed analysis of the aluminium composite panels market share.
- The report also provides a detailed aluminium composite panels market analysis based on competitive intensity and how the competition will take shape over the next six years.
Various companies covered in the Aluminium Composite Panels Market report:
- Yaret Industrial Group Co., Ltd.
- Mitsubishi Chemical Corporation
- 3A Composites GmbH
- Alubond U.S.A.
- Alumax Industrial Co., Ltd.
- Shanghai Huayuan New Composite Materials Co., Ltd.
- Chanshu Kaidi Decoration Material Co., Ltd.
- Guangzhou Xinghe Aluminium Composite Panel Co., Ltd.
- Jyi Shyang Industrial Co., Ltd.
Segmentation of the Aluminium Composite Panels Market:
Breakup by Base Coating Type:
- Polyvinylidene Difluoride
- Laminating Coating
- Oxide Film
Breakup by Type:
Breakup by Composition:
- Surface Coating
- Metal Skin
- Core Material
- Rear Skin
Breakup by Application:
- Building & Construction
- Advertising Boards
Breakup by Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles
Breakup by Region:
- North America
o United States of America
- Asia Pacific
o Rest of APAC
o United Kingdom
o Rest of Europe
o South Africa
o Saudi Arabia
o Rest of the world (remaining countries of the LAMEA region)
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