PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1236076
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1236076
Global Aluminum Cladding Panels Market is valued at approximately USD 6.36 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.0% over the forecast period 2022-2029. An aluminum cladding panel is a prominent architectural component used in interior building design as well as on the outer profile of structures as a facade. It also contains solid aluminum sheets, which do not have any core formed of any material other than aluminum. Furthermore, it also includes the continuous lamination process, which involves compacting a sheet of the material that constitutes the core between two unwinding aluminum sheets. The rising shift towards sustainability across industries, and increased urbanization, coupled with the strong demand for hoardings from the advertising industry are major factors that are stipulating the market demand across the globe.
The increasing expenditure on construction activities is acting as a catalyzing factor for the growth of the market. According to Statista analysis, investment in the construction (including infrastructure for commercial and residential buildings) business is increasing annually, in 2017, the global construction spending was USD 10.9 trillion, and it is expected to reach USD 12.5 trillion by 2030. Therefore, the flourishing growth of the construction sector is excelling the market expansion at a substantial rate. Furthermore, the rapid economic development and rising initiatives by the key market players are creating lucrative market demand over the forecasting years. However, fluctuation in the prices of raw materials and availability of cheaper alternatives stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Aluminum Cladding Panels Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The Asia Pacific dominated the market in terms of revenue, owing to the rapid urbanization, public infrastructure development, along with growing inclination toward convenient and safe building materials. Whereas, the Asia Pacific is also expected to grow with the highest CAGR during the forecast period, owing to factors such as growing expenditure on construction activities, as well as the population growth in the countries such as India, South Korea, and China.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable