Aluminium Composite Panels Market: Current Analysis and Forecast (2022-2028)

Aluminium Composite Panels (ACPs) are panels made of a non-toxic polyethylene (PE) core and two pre-coated, thermally bonded aluminium skins on either side. In the extract, they are flat panels constructed of an aluminium composite material that consists of two thin coil-coated sheets of aluminium connected to a core made of another material. ACPs are also utilized in the construction of insulation, signs, and outside facades or cladding.

The Aluminium Composite Panels Market is expected to grow at a steady rate of around 6% owing to the increasing demand from the building & construction industry. Major companies in the market offer ACPs for building & construction applications with technologically advanced features. For instance, in 2019, Arconic Inc. launched an aluminium composite panel, Reynobond with EcoClean, which is a self-cleaning panel that uses sunlight to break down dirt and other organic materials.

Based on product type, the market is segmented into polyvinylidene fluoride (PVDF), polyester (PE), and others. The polyester aluminium composite panels (PE) category is to witness the highest CAGR during the forecast period. PE aluminium composite panels are composite materials made of a polyethylene core sandwiched between two thin sheets of aluminum. PE is used for a variety of applications, including exterior and interior building cladding, signage, and even as partitions or furniture. Thus, PE aluminium composite panels offer a cost-effective and versatile solution for various architectural and design applications.

Based on type, the market is categorized into fire resistant, antistatic, and antibacterial. Among these, fire resistant is expected to grow significantly during the forecast period. This is mainly due to the aluminium composite panels are designed to be fire-resistant and meet fire safety standards. These panels typically have a special core material that is more fire-resistant than regular polyethylene, or they may have a fire-resistant coating. They are often used in high-rise buildings or other structures where fire safety is a concern.

Based on vehicle type, the aluminium composite panels market has been bifurcated into passenger cars and light commercial vehicles. The passenger cars category is to witness higher adoption of aluminium composite panels during the forecast period. This is mainly due to the use of ACPs in passenger cars helps to improve fuel efficiency, reduce weight, provide better insulation, reduce noise and vibration, and provide a better surface finish. Additionally, ACPs are used for the dashboard panels of cars as they provide a smooth surface finish and are resistant to scratches and impact. Thus, such factors are increasing its demand in the market.

Based on application, the market is categorized into building & construction, advertisement boards, automotive, railways, and others. Among these, the building & construction is expected to grow significantly during the forecast period. This is mainly due to the numerous advantages of ACPs, such as lightweight, durability, flexibility, aesthetic appeal, and energy efficiency. Additionally, ACPs are used in construction and architecture for building cladding, interior and exterior decoration, and signage. Thus, such properties of ACPs are increasing its demand in building & construction market.

For a better understanding of the market adoption of the aluminium composite panels industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, India, Japan, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasing demand for sustainable and low-maintenance building materials that offer both aesthetic and functional benefits leading to the growth of aluminium composite panels in the region. Moreover, the APAC region, including countries such as China, India, and Australia, is one of the largest and fastest-growing markets for aluminium composite panels. As the construction industry in these countries is rapidly expanding. Since aluminium composite panels are a prevalent choice for building cladding and decoration due to their affordability, durability, and versatility.

Some of the major players operating in the market include: Arconic Corporation; ALUBOND U.S.A.; ALUMAX COMPOSITE MATERIAL (JIANGYIN) CO., LTD.; Mitsubishi Chemical Corporation.; 3A Composites; Alstrong Enterprises India (Pvt) Limited; Msenco Metal; Fairfield Metal; Viva Aluminium Composite Panel; Alcoa Corporation.