Global Aluminum Composite Panels Market 2016-2020
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.
Market outlook of the global aluminum composite panels
Technavio’s market analyst predicts that the global aluminum composite panels market will grow at a steady CAGR of more than 6% by 2020. Since aluminum is an important sustainable material for building and construction activities, its augmented demand from the building and construction sector will lead to market growth during the forecast period.
Geographically, the Asian region is anticipated to account for more than 50% of the total market share by the end of 2020. In Asia, China is the biggest market for aluminum composites as it is the largest destination for investments in construction activities. Furthermore, the recent boom in construction spending, especially in sectors like infrastructure and non-residential, will increase the demand for aluminum composites in this region during the predicted period.
Segmentation by coating base type and analysis of the aluminum composite panels market
Polyvinylidene difluoride (PVDF)
In this market analysis, Technavio market research analysts estimate the PVDF segment to be the largest market segment during the estimated period. This segment currently accounts for more than 61% of the total market share and is envisaged to further enhance its market share by the end of 2020 owing to the extensive use of aluminum composites for cladding material because of their waterproof and corrosion resistive properties.
Application-based segmentation of the aluminum composite panels market
Buildings and construction
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.
Competitive landscape and key vendors
The global market for aluminum composites 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.
The top vendors in this market are -
Key questions answered in the report
What will the market size and the growth rate be in 2020?
What are the key factors driving the global aluminum composite panels market?
What are the key market trends impacting the growth of the global aluminum composite panels market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the vendors in the global aluminum composite panels market?
Trending factors influencing the market shares of the APAC, Americas, Europe, and MEA?
What are the key outcomes of the five forces analysis of the aluminum composite panels market?
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