The global aluminum composite panels market size was valued at USD 8,422.5 million in 2021 and is expected to grow at a CAGR of 8.9% during the forecast period 2022 to 2028. Flat panels comprised of two aluminum-based alloy sheets connected with a core material to form a composite are known as Aluminium Composite Panels (ACP). Protective films are utilised to cover different levels of panel layers, with a Polyvinylidene Fluoride (PVDF) coating applied to the front side. Aluminium composite panels are eco-friendly materials that are commonly utilised in the construction sector for cladding as well as insulation in commercial structures such as airports, food and beverage stores, and residential buildings.

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One of the primary reasons contributing to the market's optimistic outlook is significant expansion in the advertising business. ACPs are often used for outdoor advertising in public locations and in public transportation vehicles to display clear, appealing, and informative advertisements. In addition, the growing need for durable and lightweight materials for both residential and business building is propelling the industry forward. They are also widely used in the insulation of high-rise buildings and the reinforcement of tunnel ceilings. In line with this, PVDF-coated ACPs are used to preserve the exposed area of the structure from extreme climatic conditions, allowing the color and gloss to be retained for a longer period of time. Furthermore, expanding the use of ACPs in automobiles for improved aesthetics is a growth-inducing element. Because the panels are compression-resistant and offer great acoustic insulation, they are employed as decorative padding and noise dampers. Other reasons, such as the growing construction of green buildings in various countries, are expected to fuel the market even further.

The global aluminum composite panels market segmentation:

  • By Base Coating Type: Polyethylene and Polyvinylidene Difluoride
  • By Type: Antibacterial, Antistatic and Fire-Resistant
  • By Composition: Core Material, Metal Skin, Rear Skin and Surface Coating
  • By Application: Advertising, Building & Construction and Transportation

Owing to the region's well-developed building and construction industry, North America is expected to account for a significant portion of the worldwide aluminium composite panels market. During the projected period, the global aluminium composite panels market is expected to rise significantly in Western Europe. Over the projected period, the APAC market is expected to develop due to a growing construction industry, automakers transferring their focus to production facilities in China and India, and the low cost of aluminium composite panels. Furthermore, the Middle East and Africa, which has a strong construction industry, is predicted to increase at a significant rate throughout the forecast period. In the next decade, the aluminium composite panels market in Latin America and Eastern Europe is expected to grow at a rather sluggish pace.

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Some of the major key players in the Aluminum Composite Panels Market are Arconic, Yaret Industrial Group, Mitsubishi Chemical, 3A Composites, Alubond U.S.A., Alumax Industrial, Shanghai Huayuan New Composite Materials, Changshu Kaidi Decoration Material

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