QYResearch: The Aluminum Composite Panels revenue is expected to reach $ 7429.74 million in 2022
Aluminum composite panel (ACP) also aluminum composite material (ACM) is a type of flat panel that consists of two thin aluminum sheets bonded to a non-aluminum core. Aluminum sheets can be coated with PVDF, fluoropolymer resins (FEVE) or Polyester paint. Aluminum can be painted in any kind of color, and ACPs are produced in a wide range of metallic and non-metallic colors as well as patterns that imitate other materials, such as wood or marble. The core is commonly low density polyethylene, or a mix of low density polyethylene and mineral material to exhibit fire retardant properties. ACPs are frequently used for external cladding or facades of buildings, insulation, and signage.
According to QYResearch, The Aluminum Composite Panels revenue was $ 6923.77 million in 2016 and is expected to reach $ 7429.74 million in 2022, growing at a CAGR of 1.21% from 2016 to 2021. Production value in China accounted for the highest market share (67.8 %) in 2016, followed by Europe. China is expected to maintain the leading position for the next five years.
Global production and market of Aluminum Composite Panels can be divided into three big markets: China, Europe and USA. Aluminum Composite Panels’ production process has developed for half a century. Technologically it’s very mature. Chinese cheap material and high automation level makes it very competitive in global market. Many other region producers such as Japan, USA, EU and Taiwan have moved their factory to China. The global leading players in this market are 3A Composites, Arconic, Jyi Shyang, Mitsubishi Plastic, and Yaret, which accounts for about 15.20% of total production value.
World consumption of Aluminum Composite Panels was relatively stable, with an annual growth rate of about 5%. The current global production market size was about 485.93 million square meters, and about 58.81% of it was used by China. Aluminum Composite Panels is mainly used for building curtain wall and interior decoration, but it can also be used as transport, or for furniture.
The product quality of Aluminum Composite Panels industry in recent years is rising with the continuous development of production scale. At the same time, Technology of materials is innovating. Titanium-Zinc composite panel has already appeared. Certainly it’s more expensive and durable. The trends of Aluminum Composite Panels are colorful, multi-functional and environmental.
Despite the presence of competition problems, due to the clear global recovery trend, investors are still optimistic about this area, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep increasing, as well as the consumption value.
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