|Study Period:||2016 - 2026|
|Fastest Growing Market:||Asia Pacific|
|Largest Market:||Asia Pacific|
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The aluminum composite panel (ACP) market is expected to register a CAGR of over 6% during the forecast period. An aluminum composite panel (ACP) is a flat panel crafted out of two aluminum alloy sheets bonded with a non-aluminum core to form a composite. It is used as cladding or facade material in buildings, insulation, and signage. In addition, ACPs have many applications associated with body paneling in the automotive industry.
The increasing demand for PVDF-based aluminum composite panels is expected to drive the market demand during the forecast period. The availability of cheaper alternatives is likely to hinder market growth.
Large-scale investments in hotels in ASEAN countries are projected to act as an opportunity for the market in the future.
Scope of the Report
The aluminum composite panel (ACP) market is segmented by top coating, application, end-user industry, and geography. By top coating, the market is segmented into PE, PVDF, and other top coatings. By application, the market is segmented into interior decoration, hoarding, insulation, cladding, railway carrier, column cover and beam wrap, and other applications. By end-user industry, the market is segmented by building and construction, transportation, and other end-user industries. The report also covers the market sizes and forecasts for the aluminum composite panel (ACP) market in 15 countries across the major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).
|PVDF (Polyvinylidene Fluoride)|
|Other Top Coatings|
|Column Cover and Beam Wrap|
|Building and Construction|
|Other End-user Industries|
Key Market Trends
Demand for Strong and Lightweight Materials in Construction
ACPs are lightweight and have an impressive strength-to-weight ratio. They provide improved rigidity and durability, weather and UV resistance, superior thermal and sound insulations, and resistivity to harsh conditions, such as acids, alkali salts, and pollution.
Owing to the aforementioned factors, they find widespread applications in interior decorations, claddings, building exterior wall insulations and coverings, and exterior and interior components of transportation vehicles, such as ships, trucks, and passenger cars, among others.
The construction industry has been witnessing rapid growth in the past few years, mainly on account of the large investments and demand for infrastructure in the emerging economies, such as China, India, Brazil, and Russia, among others.
Currently, the construction industry is majorly witnessing strong growth in the Asia-Pacific and the Middle-East and African regions.
In the Asia-Pacific region, India is anticipated to remain the fastest-growing G20 economy. The Indian government announced a target of USD 376.5 billion investment in infrastructure over a period of three years, including USD 120.5 billion for developing 27 industrial clusters and USD 75.3 billion for road, railway, and port connectivity projects.
In the Middle East, Qatar is expected to be among the fastest-growing construction markets globally till 2022. Qatar’s construction market, with a projected growth of 12.1% between 2017 and 2021, is expected to benefit from the investment in the preparations of the FIFA World Cup 2022, which Qatar is hosting. This is anticipated to further influence the growth in sales and applications of ACP in the construction sector in that particular region.
All the aforementioned factors are expected to increase the demand for ACPs during the forecast period.
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The Asia-Pacific Region is Expected to Dominate the Market
The Asia-Pacific region dominated the global market share. Factors such as growing construction activities and preference for low-maintenance building products are favoring the market growth.
Large-scale investments in hotels by the tourism departments of ASEAN countries provide lucrative opportunities for the growth of the market, owing to the use of ACPs in interior decoration purposes for aesthetic appeal.
India is the fastest-growing construction market in the Asia-Pacific region. The construction sector in India has been growing rapidly, with increased investments by the government. The Indian government's ‘Housing for All by 2022’ is also a major game-changer for the industry.
The country is likely to witness an investment of around USD 1.3 trillion in housing over the next seven years, where it is likely to witness the construction of 60 million new homes. The availability of affordable housing is expected to rise by around 70% by 2024 in India.
The increasing investments in the residential and commercial sectors, along with strategic initiatives by the Indian government, are expected to boost the construction sector in the country, which, in turn, is anticipated to drive the aluminum composite panel (ACP) market in India.
Moreover, the growing interest of companies in exploring the region's rural markets has further aided the growth of the sector. The Government of India encourages foreign investment in the automobile sector and allows 100% FDI under the automatic route.
Hence, with the rapid growth expected in the construction and automotive industries, demand for aluminum composite panels (ACP) in the region is expected to increase drastically over the forecast period.
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The aluminum composite panel (ACP) market is fragmented. Key players in the aluminum composite panel (ACP) market include 3A Composites GmbH, Jyi Shyang Industrial Co. Ltd, Arconic Inc., Alstrong Enterprises India (Pvt.) Ltd, and Alubond USA, among others.
- On December 23, 2020, Alubond developed the Fire-Retardant A1 Aluminium Composite Panels, which are fully non-combustible and do not produce any smoke in the event of a fire, offering an ideal sustainable alternative to façade cladding materials.
Table of Contents
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.1.1 Increasing Demand for PVDF-based Aluminum Composite Panels
4.1.2 Increasing Demand for Strong and Lightweight Materials in Construction and Transportation
4.1.3 Strong Demand for Hoardings from the Advertising Industry
4.2 Market Restraints
4.2.1 Availability of Cheaper Alternatives
4.2.2 Rising Price of Aluminum
4.3 Value Chain / Supply Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 Top Coating
5.1.1 PE (Polyester)
5.1.2 PVDF (Polyvinylidene Fluoride)
5.1.3 Other Top Coatings
5.2.1 Interior Decoration
5.2.5 Railway Carrier
5.2.6 Column Cover and Beam Wrap
5.2.7 Other Applications
5.3 End-user Industry
5.3.1 Building and Construction
5.3.3 Other End-user Industries
126.96.36.199 South Korea
188.8.131.52 Rest of Asia-Pacific
5.4.2 North America
184.108.40.206 United States
220.127.116.11 Rest of North America
18.104.22.168 United Kingdom
22.214.171.124 NORDIC Countries
126.96.36.199 Rest of Europe
5.4.4 South America
188.8.131.52 Rest of South America
5.4.5 Middle-East and Africa
184.108.40.206 Saudi Arabia
220.127.116.11 South Africa
18.104.22.168 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 3A Composites GmbH
6.4.3 Alstrong Enterprises India (Pvt.) Ltd
6.4.4 Alubond USA
6.4.6 Arconic Inc.
6.4.8 GUANGZHOU XINGHE ACP CO. LTD
6.4.9 Interplast (Harwal Group of Companies)
6.4.10 Jyi Shyang Industrial Co. Ltd
6.4.11 Mitsubishi Chemical Corporation
6.4.13 Yaret Industrial Group Co. Ltd
6.4.14 Qatar National Aluminium Panel Company
6.4.15 YingJia Aluminium Co. Ltd
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Large-scale Investments on Hotels in ASEAN Countries
7.2 Other Opportunities
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Frequently Asked Questions
What is the study period of this market?
The Aluminum Composite Panel (ACP) Market market is studied from 2016 - 2026.
What is the growth rate of Aluminum Composite Panel (ACP) Market?
The Aluminum Composite Panel (ACP) Market is growing at a CAGR of >6% over the next 5 years.
Which region has highest growth rate in Aluminum Composite Panel (ACP) Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Aluminum Composite Panel (ACP) Market?
Asia Pacific holds highest share in 2020.
Who are the key players in Aluminum Composite Panel (ACP) Market?
3A Composites GmbH, Jyi Shyang Industrial Co., Ltd., Arconic Inc., Alstrong Enterprises India (Pvt) Ltd, Alubond U.S.A., are the major companies operating in Aluminum Composite Panel (ACP) Market.