PUBLISHER: The Business Research Company | PRODUCT CODE: 1666380
PUBLISHER: The Business Research Company | PRODUCT CODE: 1666380
An aluminum composite panel (ACP), also known as a sandwich panel, is a versatile building material utilized in interior design, architecture, and construction. It comprises two thin aluminum sheets bonded to a non-aluminum core, typically made of polyethylene (PE) or a core filled with fire-retardant minerals.
The primary types of aluminum composite panels include fire-resistant, antibacterial, and antistatic variants, each featuring various base coatings such as PVDF (polyvinylidene fluoride), polyester, laminating coating, oxide film, and others. Fire-resistant ACP panels are specifically designed to resist fire for a specified duration under standard heat intensity conditions. They are engineered to minimize the risk of fire spread and adhere to building codes and regulations pertaining to fire safety. These panels find applications in diverse sectors, including building and construction, automotive and transportation, industrial settings, advertising, and more.
The aluminum composite panels market research report is one of a series of new reports from The Business Research Company that provides aluminum composite panels market statistics, including aluminum composite panels industry global market size, regional shares, competitors with an aluminum composite panels market share, detailed aluminum composite panels market segments, market trends and opportunities, and any further data you may need to thrive in the aluminum composite panels industry. This aluminum composite panels market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The aluminum composite panels market size has grown strongly in recent years. It will grow from$6.53 billion in 2024 to $7.02 billion in 2025 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to architectural growth and modern construction trends, increasing urbanization and infrastructure development, durability and weather resistance, versatility in design and aesthetic appeal, cost-effectiveness and material efficiency
The aluminum composite panels market size is expected to see strong growth in the next few years. It will grow to $9.63 billion in 2029 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to sustainable construction practices, the rising popularity of prefabricated construction, increasing demand in automotive and transportation, expansion of the retail and commercial sector, global economic growth and construction activities. Major trends in the forecast period include technological innovations in coating and finishing, innovations in coating technologies, digital printing on ACP surfaces, rapid urbanization and construction activities, shift towards 3D ACP applications.
The growing demand from the building and construction sector is anticipated to drive the expansion of the aluminum composite panels (ACP) market in the future. This industry encompasses the manufacturing and trade involved in the development, maintenance, and repair of infrastructure. Aluminum composite panels are favored as building materials because of their lightweight nature, durability, design versatility, energy efficiency, and cost-effectiveness. These panels are utilized in structures that include combustible or non-combustible thermoplastic materials for both exterior and interior applications. For example, in November 2023, the Office for National Statistics, a UK-based government department, reported an increase in new construction activities amounting to £18,161 million ($19.96 million) in 2022, with private sector projects growing by 16.8% and public sector projects rising by 13.1%. Therefore, the increasing demand from the building and construction industry is fueling the growth of aluminum composite panels.
The increasing demand for transportation is expected to drive the growth of the aluminum composite panel market in the coming years. Transportation involves the movement of people, goods, animals, or materials from one location to another. Aluminum composite panels are valued for their strength, lightweight properties, and versatility, making them suitable for both aesthetic and functional applications in various transportation sectors, including automotive, aerospace, and marine industries. For example, in April 2024, the United States Department of Transportation reported that transportation contributed $1.7 trillion to the economy in 2022, representing 6.7% of the total economic output. Therefore, the rising demand in the transportation sector is propelling the growth of the aluminum composite panel market.
The growth in the automotive industry is expected to drive the expansion of the aluminum composite panels market in the coming years. The automotive industry encompasses all businesses involved in the production of motor vehicles and their components. Aluminum composite panels are increasingly used in various parts of vehicles, such as rear walls, roofs, floors, and doors, providing essential strength without adding excessive weight. For instance, in May 2023, the European Automobile Manufacturers Association reported that the global production of motor vehicles reached 85.4 million units in 2022, marking a 5.7% increase compared to 2021. Therefore, the growth in the automotive industry is significantly contributing to the demand for aluminum composite panels.
Product innovations are emerging as a key trend. Companies in this market are actively adopting new technologies to maintain their competitive positions. A notable example is Aludecor, an India-based company specializing in manufacturing aluminum composite panels. In July 2023, Aludecor launched Nexcomb, a highly anticipated aluminum honeycomb panel. This innovative product, featuring Aludecor's proprietary honeycomb core production, offers a unique combination of lightweight strength and limitless potential for various architectural applications.
Major players in the aluminum composite panels (ACP) market are focusing on developing fire-retardant products to gain a competitive edge. One such product is ALUCOBOND PLUS, designed to meet the highest level of fire performance and providing a safe and reliable option for architectural and construction applications. In October 2022, 3A Composites, a US-based composites company, introduced ALUCOBOND PLUS with a new Fire-Retardant Gray Core. This product offers architects and builders enhanced design flexibility and fire safety. The gray core minimizes visibility, allowing seamless integration and customization, thereby expanding possibilities for facade transformations through perforated designs that permit natural light while enabling enhanced aesthetic possibilities.
Major companies operating in the aluminum composite panels market include 3A Composites GmbH, Mitsubishi Chemical Corporation, Guangzhou XingHe Aluminum Composite Panel Co. Ltd., Shanghai Huayuan New Composite Materials Co. Ltd., Jyi Shyang Industrial Co. Ltd., Alumax Industrial Co. Ltd., Changshu Kaidi Decoration Material Co. Ltd., Mulk Holdings Group, Hyundai Alcomax Co. Ltd., Yatai Industrial Group Co. Ltd., Fairfield Metal LLC, Yaret Industrial Group, Shyang Industrial Co. Ltd., Msenco Metal Co. Ltd, Alstrong Enterprises India Pvt. Ltd., Alcoa Corporation, Arconic Inc., Aludecor Lamination Pvt. Ltd., Kingspan Group, Taizhou Kingertai Decoration Material Co. Ltd., Interplast, Fangda Group, Jixiang Building Materials Group, Laminators Incorporated, Multipanel UK, Safario Group of Companies, VIVA Composite Panel Pvt. Ltd., Eurobond Industries Pvt. Ltd., Falken Design Corporation, Enclosure System Pvt. Ltd.
Asia-Pacific was the largest region in the aluminum composite panels market in 2024. North-America is expected to be the fastest-growing region in the global aluminum composite panels market report during the forecast period. The regions covered in the aluminum composite panels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the aluminum composite panels market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The aluminum composite panels (ACP) market consists of sales of non-combustible ACP (non-fire rated grade), 3 mm ACP, 4 mm ACP, and 6 mm ACP. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Aluminum Composite Panels Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on aluminum composite panels market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for aluminum composite panels ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The aluminum composite panels market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.