loader
report-image

Aluminium Composite Panels Market Size, Share, Forecast, and Trend Highlights Over 2024 - 2033

  • PUBLISHED ON
  • 2023-12-15
  • NO OF PAGES
  • 211
  • CATEGORY
  • Chemicals & Materials

Market Overview

Aluminium Composite Panels Market Size & Share -  By Base Coating Type (PVDF (Polyvinylidene Fluoride), Polyester, Laminating Coating, Oxide Film and Others), By Panel Type (Fire-Resistant, Antibacterial and Antistatic), By Application (Construction, Automotive, Advertising Boards, Railways and Others), By Composition (Surface Coating, Metal Skin, Core Material and Rear Skin) and Geography is expected to grow at a steady CAGR forecast till 2033 owing to Aluminum composite panels are not limited to external facades but are also used in interior applications such as wall cladding, ceilings, and partitions. The versatility of ACP in interior design contributes to its market growth.

Aluminium Composite Panels Market is projected to achieve a value of USD 7.23 Billion in 2023, with a linear behavior in the market growth it is forecasted to achieve a value of USD 14.87 Billion by 2033 with a CAGR of 7.1% during the forecast period 2023-2033.

 

SOURCE: We Market Research

Aluminium Composite Panels (Aluminium Composite Panel) are a type of flat panel that consists of two thin aluminium sheets bonded to a non-aluminium core, usually made of polyethylene or a mineral-filled core. These panels are widely used in the construction industry for various applications due to their lightweight, durability, and versatility.

Facing Skin/Sheets are the outer layers of the panel and are made of thin aluminium sheets. The quality and thickness of these sheets can vary based on the intended use and application.

Core Material is the central layer that provides rigidity to the panel. It is commonly made of polyethylene, a thermoplastic material, or a mineral-filled core. The choice of core material can affect the fire resistance and other properties of the panel.

The layers are bonded together using a bonding agent or adhesive. This adhesive is crucial for maintaining the structural integrity of the panel.

Aluminium Composite Panel are lightweight, making them easy to handle and install. This feature is particularly advantageous in construction projects where weight considerations are important. The aluminium facing sheets provide durability and resistance to weathering, corrosion, and other environmental factors.

Aluminium Composite Panel are available in a wide range of colors, finishes, and textures, allowing for versatile design options. They are often used for architectural cladding and signage due to their aesthetic appeal. Depending on the core material, Aluminium Composite Panel can offer some degree of thermal insulation. Aluminium Composite Panel are generally easy to clean and maintain, contributing to their popularity in various applications.

Aluminium Composite Panels Market Report Attributes

Report Attributes

Description

Market Size in 2023

USD 7.23 Billion

Market Forecast in 2033

USD 14.87 Billion

CAGR % 2024-2033

7.1%

Base Year

2023

Historic Data

2016-2022

Forecast Period

2024-2033

Report USP

 

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Growth Drivers

Aluminum composite panels are not limited to external facades but are also used in interior applications such as wall cladding, ceilings, and partitions. The versatility of ACP in interior design contributes to its market growth.

The development of infrastructure projects in emerging markets, including airports, transportation hubs, and commercial centers, drives the demand for aluminum composite panels for both aesthetic and functional purposes.

Ongoing advancements in manufacturing technologies contribute to the improvement of ACP properties, such as enhanced strength, improved insulation, and innovative surface finishes. Technological innovations can drive market growth by offering superior product features.

Segments Covered

Base Coating Type, Panel Type, Composition, Application, Region

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Aluminium Composite Panels Industry: Drivers & Restrains

Market Drivers

Growing Signage and Display Industry - The vibrant world of signage and displays is undergoing a transformation, and aluminium composite panels are at the forefront of this exciting change. Their unique combination of aesthetics, durability, and versatility makes them a perfect fit for this dynamic industry.

Aluminium Composite Panel come in a stunning array of colors, textures, and finishes, allowing for the creation of visually captivating signs and displays that grab attention and leave a lasting impression. Imagine a sleek, metallic car showroom sign made of brushed aluminium Aluminium Composite Panel, or a vibrant retail store display featuring a photorealistic print directly on the panel – the possibilities are endless!

Unlike traditional materials like wood or metal, Aluminium Composite Panel are lightweight and highly malleable. This makes them ideal for creating large-format displays, intricate designs, and even curved signage elements. Imagine a towering outdoor advertisement seamlessly integrating with the building's architecture, thanks to the flexibility of Aluminium Composite Panel!

Aluminium Composite Panel are built to last. They are resistant to fading, warping, scratching, and harsh weather conditions, making them a cost-effective choice for outdoor signage. Picture a beachside restaurant sign facing the sun and salty air, yet retaining its vibrant colors and crisp lettering years later – that's the power of Aluminium Composite Panel!

The sleek and modern stations of the Dubai Metro feature extensive use of Aluminium Composite Panel in their interior and exterior cladding, contributing to the overall aesthetic appeal and durability, thereby propelling the growth of Aluminium Composite Panels Market

Rising investments in residential and commercial construction - Growing populations and urbanization, especially in emerging economies like India and China, are driving demand for new buildings. Aluminium Composite Panel offer aesthetic appeal, durability, and cost-effectiveness, making them ideal for cladding, partitions, and facades.

Aluminium Composite Panel offer a sleek, contemporary look, making them a popular choice for building facades, wall cladding, and partitions. Their versatility in terms of colors, textures, and finishes cater to diverse architectural styles, attracting developers and homeowners alike.

Aluminium Composite Panel are lightweight, weather-resistant, and require minimal maintenance. This translates to cost savings for builders and long-lasting appeal for property owners. Their fire-retardant and soundproofing properties add further value, particularly in densely populated areas.

Aluminium Composite Panel are increasingly seen as a sustainable alternative to traditional materials like glass or stone. Their recyclability and energy efficiency contribute to green building initiatives, aligning with the growing environmental consciousness in the construction sector.

For instance, The Indian government's focus on "Smart Cities" and infrastructure development has led to a surge in construction projects. Aluminium Composite Panel are being widely used in airports, stadiums, and commercial buildings across the country, like the recently renovated Mumbai Chhatrapati Shivaji International Airport.

Hence, the rise in residential and commercial construction presents a significant opportunity for the aluminium composite panels market.

Market Restrains

Raw Material Volatility - The aluminium composite panels market, while brimming with potential due to its applications in construction and signage, faces a significant hurdle: volatile raw material prices. This volatility, impacting key components like aluminium, polyethylene, and coating materials, can disrupt supply chains, inflate costs, and ultimately hinder the market's growth.

The cost of key raw materials like aluminum, polyethylene core, and coating materials can be volatile due to geopolitical factors, supply chain disruptions, and global economic conditions. This can lead to price instability and hinder project planning for construction companies. Shortages of specific raw materials, particularly high-quality aluminum, can cause delays in production and delivery. This can disrupt supply chains and impact project timelines.

Shortages in key materials like polyethylene, used in the core layer of Aluminium Composite Panel, can create bottlenecks in production and lead to delays in project deliveries. This can damage the reputation of Aluminium Composite Panel manufacturers and discourage potential customers.

Aluminium Composite Panels Segmentation

Market- By Base Coating Type Analysis

By Base Coating Type, the Aluminium Composite Panels Market is Categories into PVDF (Polyvinylidene Fluoride), Polyester, Laminating Coating, Oxide Film and Others. The PVDF segment accounts for the largest share of around 38% in 2022.


PVDF coatings can withstand harsh weather conditions like UV radiation, heat, and rain, making them ideal for long-lasting outdoor applications. The smooth surface of PVDF coatings repels dirt and grime, minimizing maintenance needs. The following segments are part of an in-depth analysis of the global market for Aluminium Composite Panels:

Market Segments

 

By  Panel Type

·         Fire-Resistant

·         Antibacterial

·         Antistatic

By Composition

·         Surface Coating

·         Metal Skin

·         Core Material

·         Rear Skin

By Application

·         Construction

·         Automotive

·         Advertising Boards

·         Railways

·         Others

Aluminium Composite Panels Industry: Regional Analysis

APAC Market Forecasts

Asia Pacific region reigns supreme, holding around 60% of the global Aluminium Composite Panels market. The booming construction sector, particularly in China, India, and Southeast Asia, fuels this dominance. Rapid urbanization and government infrastructure initiatives further contribute to the demand for Aluminium Composite Panel.

Europe Market Statistics

Europe holds a 20% share, with Germany, France, and the UK leading the pack. Renovations and modernizations in existing buildings, along with a focus on sustainability and energy efficiency, drive the demand for high-performance Aluminium Composite Panel in this region.

North America Market Forecast

North America holds a 15% share, with the US being the primary leader in Aluminium Composite Panels Market. Aluminium Composite Panel are used in various applications, including commercial buildings, transportation, and signage. However, stricter regulations and competition from alternative materials slightly limit the market's growth compared to other regions.

South America Share

South America region holds a 3% share with Brazil leading the way. Growing infrastructure investments and a burgeoning construction sector present promising opportunities for Aluminium Composite Panel.

Middle East and Africa

Middle East and Africa holds a 2% share with Saudi Arabia and the UAE being the key players. Large-scale infrastructure projects and a preference for modern aesthetics drive the demand for Aluminium Composite Panel in these regions.

Aluminium Composite Panels Market Share

The Aluminium Composite Panels industry is dominated by a few large companies, such as

·         3A Composites GmbH

·         Alcoa Corporation

·         Jyi Shyang Industrial Co., Ltd.

·         Arconic Inc.

·         Mitsubishi Chemical Corporation

·         Yaret Industrial Group

·         Aludecor Lamination Pvt Ltd

·         Reynobond (Arconic Architectural Products)

·         Eurobond Industries Pvt Ltd

·         Alubond U.S.A.

·         Others

Recent Developments 

·         In September 2023: AlucoWorld, a major European Aluminium Composite Panel player, acquired Eurospan, a leading UK-based Aluminium Composite Panel distributor. This move strengthens AlucoWorld's position in the European market and expands its distribution network.

·         In August 2023: Chinese giants China National Building Materials Group (CNBM) and Yurun Group announced plans to merge their Aluminium Composite Panel businesses. This consolidation is expected to create the world's largest Aluminium Composite Panel manufacturer, potentially impacting the global market landscape.

·         In October 2023: Arconic, a leading US Aluminium Composite Panel manufacturer, partnered with Renzo Piano Building Workshop on a sustainable building project in Europe. This collaboration showcases the potential of Aluminium Composite Panel in environmentally conscious construction.

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the market size of Aluminium Composite Panels Market in 2023?

Aluminium Composite Panels Market was valued at USD 7.23 Billion in 2023.

What is the growth rate for the Aluminium Composite Panels Market?

Aluminium Composite Panels Market size will increase at approximate CAGR of 7.1% during the forecasted period.

Which are the top companies operating within the market?

Major companies operating within the Aluminium Composite Panels are Arconic; Mitsubishi Engineering-Plastics Corporation; Alcoa Corporation; Fairfield Metal; Shanghai Yaret Industrial Group Co., Ltd.and others.

Which region dominates the Aluminium Composite Panels Market?

Asia Pacific dominates the market with an active share of 60%.

CHOOSE LICENSE TYPE
QLOUD
Pricing

Select a license type that suits your business needs

Single User Access

US $3950

Only Three Thousand Nine Hundred Fifty US dollar

  • 1 User access
  • 15% Additional Free Customization
  • Free Unlimited post-sale support
  • 100% Service Guarantee until achievement of ROI
Multi User Cost

US $4950

Only Four Thousand Nine Hundred Fifty US dollar

  • 5 Users access
  • 25% Additional Free Customization
  • Access Report summaries for Free
  • Guaranteed service
  • Dedicated Account Manager
  • Discount of 20% on next purchase
  • Get personalized market brief from Lead Author
  • Printing of Report permitted
  • Discount of 20% on next purchase
  • 100% Service Guarantee until achievement of ROI
Enterprise User Cost

US $5950

Only Five Thousand Nine Hundred Fifty US dollar

  • Unlimited User Access
  • 30% Additional Free Customization
  • Exclusive Previews to latest or upcoming reports
  • Discount of 30% on next purchase
  • 100% Service Guarantee until achievement of ROI