Aluminum Composite Panels Market Scope
Aluminium composite panels or sandwich panels are made of two thin aluminium sheets bonded with a polymer core, these claddings are mainly used in the interior and exterior of modern buildings. They are lightweight, durable and cost-effective panels available in different colours, designs, shapes and sizes. These panels give excellent resistance to water, fire and UV rays. However, fluctuations in raw material prices and the risk of dents due to extreme weather conditions might be the restraining factors for the global aluminium composite panel. Regulatory guidelines regarding the fire safety have provided an exception to some of the aluminium composite panel products.
The Aluminum Composite Panels market study is segmented by Type (PE Coating Aluminium Composite Panel, PVDF Coating Aluminium Composite Panel and Others), by Application (Exterior (Facade, Canopy, Overhang), Interior (Wall Cover, False Ceiling) and Others (Signage, Fascia)) and major geographies with country level break-up.
Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Aluminum Composite Panels market throughout the predicted period.
Yaret (China), 3A Composites GmbH (Switzerland), JYI Shyang Industrial Co. Ltd (Taiwan), Alstrong Enterprises (India), Arconic (United States), Alcoa (United States), Alubond (United States), Mitsubishi Plastics Inc. (Japan), American Building Technology Inc. (United States), Alumax Industrial Co. (Nigeria) and Danube Group (United Arab Emirates) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Aluminum Composite Panels market by Type, Application and Region.
On the basis of geography, the market of Aluminum Composite Panels has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 1st September 2020, 3A Composites announced that it has acquired the Elmer’s and EnCore foam-board division from Newell Brands, thereby broadening our product offering to the display, graphic-arts, and framing markets. With this expansion, 3A Composites endeavors to integrate the knowledge and expertise of both companies. The resulting combination positions 3A Composites as an industry-leading supplier with a wide range of foam-board products, world-class manufacturing capabilities, and unparalleled customer service.
On 21st January 2021, Danube Group launches the world's first civil defense approved alucopanel a1 aluminum composite panel facade and With Dubai Civil Defence approval, Alucopanel A1 Non-Combustible Aluminum Composite Panels becomes the first and only Non-Combustible External Wall Façade System to be approved by government authorities in the Middle East region, which will eliminate the spread of fire and reduce casualties in buildings.
"Under the regulatory guidelines, New South Wales have made some exceptions, bans of some types of cladding made from aluminium composite panels due to its fire safety reasons. The core of the panel is made of polyethene (PE) or mineral fibre which can be the reason behind the fire. Two exceptions to the ban explain that the product is not considered combustible by successfully passing a test according to Australian Standard 1530.1-1994 ‘Methods for fire tests on building materials, components and structures and the building product and proposed external wall assembly has successfully passed the test of both the external wall and building to building fire spread test according to Australian Standard 5113 ‘Fire Propagation testing and classification of external walls of buildings."
Market Trend
- Continuous Demand of Aluminium Composite Panels in Construction Industry
Market Drivers
- Growing Need for Lightweight and Durable Insulation Panels
- Demand for Economical and High-Quality Product
Opportunities
- Increasing use of Aluminium Composite Panels in the Aviation Industry
- Availability Of Aluminium Composite Panels in Various Colors and Designs will Boost the Market
Restraints
- Risk of Suspectible Dents Due to Extreme Weather Conditions
- Raw Material Price Fluctuations and its Availability
Challenges
- Safety Related Issues with Carelessly Installed Panels
Key Target Audience
Aluminum Composite Panels Manufacturers, Aluminum Composite Panels Distributors and Suppliers, Aluminum Composite Panels International Traders, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
Customization available in this Study:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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