Aluminium Composite Panels Market Outlook by Synopsis, Growth Factors, Industry Segmentation, Regional And Competitive Analysis by 2025

The extensive scope of ACP in automotive industry is expected to drive the ACP market as it shows overall significant industry impact in present period. The growing population, urbanization, rising disposable incomes of consumers have created direct impact on the demand for vehicles in recent years, globally.

Aluminium Composite Panels (ACP) are made up of Aluminium Composite Material (ACM). ACPs consist two thin coil coated aluminium sheets confined to non-aluminium core. ACPs are mainly used for internal and external architectural cladding, false ceiling, machine coverings, container manufacturing. Some important properties of ACPs includes corrosion resistance, water resistance, and fire protection as well as they are light in weight, efficient, flexible and durable. ACP is also extensively used in signage industry as substitute to heavier, more expensive substrates.

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Market Growth Factors:

The extensive scope of ACP in automotive industry is expected to drive the ACP market as it shows overall significant industry impact in present period. The growing population, urbanization, rising disposable incomes of consumers have created direct impact on the demand for vehicles in recent years, globally. However, it creates opportunities for infrastructure development in emerging economies results in increase demand for commercial and heavy vehicles for public transport, logistics, and industrial applications. The major restraint for ACP market is high repairing or maintenance cost if get broken or dented. Also, high pricing of raw materials can be a primary challenge for ACP market.

Segmentation:

Aluminium composite panels market is segmented on the basis of coating types as, Polyvinylidene Difluoride (PVDF) and Polyethylene. As there is rising application scope in the automotive and advertisement board applications PVDF based ACPs are expected to drive the overall industry market in upcoming years. Further classification is based on the type such as, fire resistant, antibacterial, and antistatic. More categorization based on composition such as, surface coating, metal skin, core material and rear skin. Application-wise ACP market is analysed as for building & construction, advertising and transportation.

Geographical Analysis:

Geographically, the aluminium composite panels market is segregated in :-

• North America

  o US

  o Canada

  o Mexico

• Europe

  o UK

  o Germany

  o France

  o Italy

  o Spain

  o Rest of Europe

• Asia-Pacific

  o China

  o India

  o Japan

  o Australia

  o South Korea

  o Rest of Asia-Pacific

• LAMEA

  o Brazil

  o UAE

  o South Africa

  o Rest of the LAMEA

The growth in automotive production, mainly in China, Malaysia, Japan, Indonesia, and Taiwan, is expected to push the demand for the product in the automotive sector for Asia Pacific region. And China contribute major market share in ACP market. North America is the second largest region having greater ACP market growth.

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Competitive Analysis:

The major key players for aluminium composite panels market are:

  • Arconic
  • Yaret Industrial Group
  • 3A Composites
  • Alubond U.S.A.
  • Alumax Industrial
  • Shanghai Huayuan New Composite Materials
  • Interplast, Euramax
  • Fairfield Metal LLC
  • Aludecor
  • Changshu Kaidi Decoration Material.

These players are trying to recognise the needs of market in developing countries and expanding their strategies to improve business needs.

Recent News:

• On March, 2016, Alubond USA has launched its highest grade of A2 fire resistant aluminium composite panels due to growing safety concerns regarding fire incidents.

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