Aluminum Composite Panels Market Size and Growth Rate:
Aluminum Composite Panel Market was valued at USD xx million in 2018 and estimated to reach USD xx million by 2025 growing at a CAGR of xx% from 2018 to 2025.
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Aluminum Composite Panels Market Growth Drivers & Restraints:
The demand for growth of aluminum composite market was due to easy installation, no volatile organic compound (VOC) emissions, and perfect flatness, which are also projected to drive the market during the forecast period. Moreover, bathrooms, walls, partitions and ceilings, high corrosion resistance of the surface and significant applications in kitchens are projected to fuel the growth of aluminum composite panels market in the coming years. Additionally, easiness to shape, clean and maintain are the other few factors propelled to drive the growth of global market during the next decade. Strength, durability, color uniformity and more versatility are few other factors, which are estimated to play important roles in the increasing the demand in this business during the projected period.
The most important restraints for the aluminum composite panels market are prone to dents during hurricanes and storms. Additionally, need to be prevented from any damage, through reinforcement with special threads. Furthermore, proper sealing and adequate waterproofing are required to avoid water penetration into buildings during the rains. The aforementioned factors are expected to hamper the growth of a market during the forecast period.
Geographical Analysis of Aluminum Composite Panels Market:
On the basis of geographical segmentation, North America market is estimated to account for major share in the global aluminum composite panels market due to the well-matured building and construction industry in the region. Latin America and Eastern Europe are estimated to witness relatively slow growth in the overall market in the next decade. Western Europe is projected to witness considerable growth in the global market during the forecast period. Increasing construction industry, shifting focus of automakers towards production facilities in China and India and low cost of aluminum composite panels are expected to drive market growth in the Asia Pacific region over the forecast period. Additionally, the Middle East and Africa, which is quite impressive in the construction industry, are propelled to grow at a considerable rate over the forecast period.
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Key Players of Aluminum Composite Panels Market:
The major players include of the world market include Mitsubishi Plastics, Inc., American Building Technologies, Inc., Alcoa Inc., ChangshuKaidi Decoration Material Co., Ltd., Yaret Industrial Group, JyiShyang Industrial Co., Ltd., Shanghai Huayuan New Composite Materials Co., Ltd., and Alumax Industrial Co., Ltd.
Aluminum Composite Panels Market Segmentation:
By Coating Base Type:
· Common Panels
· Anti-fire Panels
· Anti-bacteria Panels
· Antistatic Panels
· Building Curtain Wall
· Interior Decoration
· North America
· Latin America
· Asia Pacific
· Middle East and Africa
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