Market Size of Aluminum Composite Panel (ACP) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 6.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Aluminum Composite Panels Market Analysis
The Aluminium Composite Panel market is projected to register a CAGR of over 6% during the forecast period.
In 2020, COVID-19 had a detrimental effect on the market. With the resumption of operations in major end-user industries, the market was expected to recover significantly in 2021-2022.
- Over the short term, the increasing demand for PVDF-based aluminum composite panels is expected to drive market demand during the forecast period.
- The availability of cheaper alternatives is hindering the growth of the market studied.
- Large-scale investments in hotels in ASEAN countries are likely to act as an opportunity for the market.
The Asia Pacific region accounts for the highest market share and is expected to dominate the market during the forecast period.
