Market Size of Europe Aluminium Composite Panel Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 6.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Aluminium Composite Panel Market Analysis
The Europe aluminum composite panel market is projected to register a CAGR of over 6% during the forecast period.
The COVID-19 pandemic negatively impacted the aluminum composite panel market in Europe. During COVID-19, construction and transport activities were closed due to the lockdown, which decreased the consumption of aluminum composite panels. After 2020, the market grew steadily after continuous training in the construction and transport sectors.
- In the short term, the growing demand for solid and lightweight materials in the construction and transportation sector forecasts market demand.
- Strong Demand for Hoardings from the Advertising Industry is another blooming opportunity for the aluminum composite panel market.
- The fire performance of aluminum composite panels, coupled with the rising price of aluminum, remains a constraint for the market's growth.
- Germany is expected to dominate the aluminum composite panel market in Europe and is also likely to witness the highest CAGR during the forecast period.
