Reports


Aluminum Composite Panels Market Size, Sector / Industry Report & Analysis, 2019-2025 (Includes Business Impact of COVID-19)

  • TBI140812
  • August 01, 2019
  • Global
  • 132 pages
  • HCCResearch
                                              Abstract, Snapshot, Market Analysis & Market Definition: Global Aluminum Composite Panels Market

The global Aluminum Composite Panels market size was valued at USD 5.34 billion in 2018 and is expected to exhibit a CAGR of 6.4% from 2018 to 2025. Increasing application scope of lightweight aluminum composite panels in construction industry for insulation is projected to drive the market over the forecast period. These composite panels provide features, such as lower thickness, high insulation, and superior sealing, which are crucial for building structures.
In addition, ACPs offer excellent air and water barrier, flexibility, high load performance, and durability, which is expected to positively impact the market growth over the forecast period. The U.S. government has set regulations in which light-duty automobiles should achieve Corporate Average Fuel Efficiency (CAFE) standards of 54.5 mpg by 2025. The federal proposal to improve CAFE standards is thus expected to serve as a major impetus for the incorporation of lightweight materials, such as aluminum composites, into automobiles, thereby driving the market.
 
Sandwich panels are majorly used in design and construction of transportation systems, such as aircraft, satellites, missiles, and high speed trains, to reduce the structural weight. Aluminum composites are used for the manufacturing of sandwich panels, thereby propelling the market growth over the forecast period. Furthermore, technological advancements in manufacturing process of ACP sheets and panels are expected to have significant impact the overall market.
Growing popularity of green buildings is also projected to fuel product demand on account of eco-friendly characteristics of these materials.Several regulations and safety standards, such as LEED and British Safety Standards, govern the building and structure and also favor the incorporation of ACPs. In addition, ACPs provide high tensile strength and reduce the overall weight of the building structure, which makes them one of the potential materials for modern construction industry.

Market Segmentation, Outlook & Viewpoint: Global Aluminum Composite Panels Market


Product Market Segmentation & Outlook (Volume, Million Square Feet, Revenue, USD Million, 2014 - 2025)

PVDF

Polyester

Laminating Coating

Oxide Films

Others


Application Market Segmentation & Outlook (Volume, Million Square Feet, Revenue, USD Million, 2014 - 2025)

Construction

Automotive

Advertisement Boards

Railways

Others


Vehicle Type Market Segmentation & Outlook (Volume, Million Square Feet, Revenue, USD Million, 2014 - 2025)

Passenger Cars

Doors

Hoods

Wings

Side Panels

Others


Light Commercial Vehicles


Key Players, Recent Developments & Regional Insights: Global Aluminum Composite Panels Market


PVDF panels led the market in 2018 accounting for a share of over 34.4% owing to a wide range of applications including lightweight construction, high-speed trains, and advertisement boards. In addition, their features, such as corrosion and wear resisstance and durability, are expected to benefit the segment growth. PE panels are also among the majorly used products owing to properties, such as extreme rigidity, surface flatness, smoothness, and thermal as well as acoustical insulation. It is expected to register notable growth in the future due to benefits, such as easy fabrication and processing.
Laminating coating ACPs are manufactured through multi-layer extrusion lamination and primarily used for lamination applications in construction industry. This segment is projected to witness a CAGR of 5.9% on account of properties offered by the product, such as longevity, durability, high tolerance, and easy installation, thereby positively impacting the market growth.
The use of oxide film in the production of ACPs provides several advantages, such as fire protection and UV, corrosion and acid resistance. These properties are crucial in construction and automotive industries. Thus, this is also estimated to boost the market development.
Application Insights
Construction application is expected to register the highest CAGR of 7.2% during the forecast years. In addition, eco-friendly charachteristics offered by the product is expected to increase its demand in green buildings, thereby propeling the market growth. Benefits, such as thermal & acoustic insulation and corrosion resistance offered by the product are also expected to fuel their demand in modern construction industry. In addition, rising product use in decorative and cladding applications to meet transition energy and building standards is likely to augment the segment growth product over the next few years.
 
Rapidly expanding advertising, marketing and mass media industry worldwide has resulted in increased expenditure on the advertising boards worldwide. ACPs are broadly used for these boards as they are subjected to extreme environmental conditions, such as humidity, moisture, and temperature fluctuations and pollution. The railway application segment is also projected to witness a considerable growth. Moreover, these composites help reduce the overall weight of trains resulting improved speed and reduced power consumption.
Vehicle Types Insights
The passenger cars segment led the overall market in 2018 and is projected to register the highest CAGR of 6.3% from 2019 to 2025. Thermal and acoustic insulation provided by the product offers better comfort in premium cars, thereby positively impacting its demand in this segment. Incorporation of ACPs in high-performance cars leads to overall weight reduction of the vehicle, thereby improving its fuel-efficiency. In addition, flexibility and smooth surface offered by the product also support in development of cars with customized design and superior aesthetics and performance. The product is being increasingly used in commercial vehicles as it is one of the safest, eco-friendly, and cost-efficient ways to enhance performance, reduce emission, and boost fuel economy. Light Commercial Vehicle (LCV) is projected to be the second fastest-growing segmnet owing to rising preference for ACPs over steel.
Parts Insights
The use of ACPs in door application accounted for a share of over 28.6% in 2018 on account of superior dent resistance coupled with the development of thicker doors with reduced weight. The product is increasingly used in the manufacturing of hood as it facilitates easy hauling and towing of vehicles due to high strength properties and lesser weight. Furthermore, 90% of the automotive aluminum scrap is recyclable, thereby exhibiting positive outlook for the market growth. ACPs are also incorporated in wings of high-performance vehicles to enhance the aerodynamics. Moreover, rising usage in manufacturing of trunks in commercial vehicles and passenger cars, as they provide tensile strength with lesser structural weight, is projected to drive the demand further.

Regional Insights
Asia Pacific led the overall industry in 2018 and is projected to maintain the dominance over the estimated period. Rapidly growing construction industry, especially in emerging economies like China, India, Indonesia, and Vietnam, is anticipated to have a positive impact on the regional market. Rising population coupled with government schemes promoting basic amenities and high demand for affordable housing are also among the major factors driving the region’s growth.
Increasing number of green buildings in the region is projected to drive the market further. Increasing governmental schemes and initiatives to promote better infrastructure in North America is supporting the region’s growth. Moreover, rising use of panels for decorative and cladding applications to meet transitioning energy and building standards is expected to augment the growth. Increased production of electric and hybrid vehicles in North America will also exhibit a positive outlook for the market growth.
Aluminum Composite Panels Market Share Insights
The global market is a highly competitive as major companies focus on the development of advanced products with superior characteristics and also demonstrate their brand strength through well-known trademarked products. Production capacity expansion and product customizations are also expected to be among the key strategic initiatives adopted by these companies to gain competitive advantages. The global companies in developed regions like North America and Europe are facing strong price competition from Chinese manufacturers. Arconic, Inc.; Mitsubishi Plastics, Inc.; Hyundai Alcomax Co., Ltd.; Fairfield Metal LLC; and Jyi Shyang Industrial are some of the leading companies in the market.

Key Insights Covered: Global Aluminum Composite Panels Market
1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Aluminum Composite Panels industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Aluminum Composite Panels industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Aluminum Composite Panels industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Aluminum Composite Panels industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Aluminum Composite Panels industry.

Research Methodology: Global Aluminum Composite Panels Market
  • Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  • Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  • Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other

Table of Contents
Chapter 1. Methodology and Scope
   1.1. Market Segmentation & Scope
   1.2. Market Definition
   1.3. Information Procurement
        1.3.1. Purchased Database
        1.3.2. HCC’s Internal Database
        1.3.3. Secondary Sources & Third-Party Perspectives
        1.3.4. Primary Research
   1.4. Information Analysis 
        1.4.1. Data Analysis Models
   1.5. Market Formulation & Data Visualization
   1.6. Data Validation & PublishingChapter 2. Executive Summary
   2.1. Market Outlook
   2.2. Segmental Outlook
   2.3. Competitive InsightsChapter 3. Aluminum Composite Pane
|  read more...

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