The global aluminum composite panels market is expected to reach USD 8.26 billion by 2025. The rapid growth of the construction and infrastructure industries, most notably in emerging regions, is expected to drive the growth of the aluminum composite panels (ACP) market over the coming years.
The growth in population and urbanization have resulted in increased demand for infrastructure development as well as residential construction, thereby increasing the pressure on the construction sector worldwide. The superior properties of ACPs, including corrosion resistance, wear resistance, and fire protection renders the product very useful for external cladding, ceiling, flooring, and internal wall cladding functions in the construction industry.
The widening application scope of ACP in the automotive industry is also expected to have significant impacts on the overall industry growth during the forecast period. The growing automotive production, mainly in China, Malaysia, Japan, Indonesia, and Taiwan, is expected to propel demand for the product in the automotive sector in Asia Pacific, wherein a majority of the automotive production in concentrated presently. The application of ACPs in automotive is expected to witness growth to the tune nearly 8%, in terms of revenue, in Asia Pacific during the forecast period.
ACPs in light commercial vehicles are expected to observe the highest growth over the forecast years, at an estimated CAGR of nearly 7% from 2016 to 2025. The increasing use of LCVs in the logistics & transportation industry propels the demand for LCVs worldwide. The application scope of ACPs in passenger cars is also expected to rise considerably over the coming years. In passenger cars, the major application areas for ACPs include side panels, door panels, and hoods.
Mitsubishi Plastics, Inc.
Hyundai Alcomax Co., Ltd.
Fairfield Metal LLC
Jyi Shyang Industrial
Dong' E Blue Sky & Seven Color Building Materials CoLtd.
Shanghai Huayuan New Composite Materials CoLtd.
Guangzhou Goodsense Decorative Building Materials Co., Ltd.
Shandong Jixiang Decoration & Building Material CoLtd.