This market study report presents a detailed segmentation of the global aluminum composite panels market by coating base type (PVDF, PE, others), application (building and construction, and others), and geography (Asia, ROW, Americas, and Europe). It also includes an insightful analysis of the leading vendors like Alcoa, Alcobond, Alubond, Guangzhou Xinghe, Jyi Shyang Industrial, and Kaidi Industrial.
Technavio’s market research analysts estimate the global aluminum composite panels market, to grow at a CAGR of around 6% between 2016 and 2020. Being an important sustainable material for building and construction activities, the aluminum composite panels market is expected to witness increased investments especially from the construction sector. The Asian region accounts for 50% of the global aluminum composite panels market, owing to the recent boom in construction spending, especially in sectors like infrastructure and non-residential.
The new market research report from Technavio provides a breakdown and analysis of the aluminum composite panels segments by technology.
“The market is witnessing augmented demand for nano self-cleaning aluminum composite panels. This aluminum composite panel is coated with nanomaterial films that are not only resistant to harmful weather conditions but also repellent to airborne pollutants. It has self-cleaning attributes and low surface energy, because of which when it rains or water is sprayed on the panels’ surface, dirt is washed off by itself. Also, nano coatings help in retaining gloss and color for a longer time as these are resistant to harmful effects of UV radiations,” says Chandrakumar BJG, Lead Analyst, Chemicals & Materials, Technavio Research.
Technavio market research analysts have estimated the buildings and construction segment to account for more than 84% of the total market share by the end of 2020. The augmented application of aluminum composites in exterior curtain walls, furniture, and kitchens will result in the strong growth of the building and construction segment during the forecast period.
The major vendors in the global aluminum composite panels market include Alcoa, Alcobond, Alubond, Guangzhou Xinghe, Jyi Shyang Industrial, and Kaidi Industrial. This market is extremely competitive and is primarily dominated by large vendors like Alubond and Alcobond. In this market, the vendors that have access to better technical and financial resources will have the capability to develop innovative products that will render the competitors’ products non-competitive even before they are launched.
A more detailed analysis is available in the Technavio report, Global Aluminum Composite Panels Market 2016-2020.
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