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Global Aluminum Composite Panels for Interior Decoration Market By type (Common Panels, Anti-fire Panels, Anti-bacteria Panels and Antistatic Panels); By Application (Residential and Commercial) and Region -Analysis of Market Size, Share and Trends for 2014 - 2019 and Forecasts to 2030
Aluminum is a chemical element that is a lightweight, silvery-white metal of main Group 13 or boron group of the periodic table. Aluminum composite panels are thin sandwich-type panels in which a non-aluminum core is bonded between two Aluminum sheets, that can be used as exterior claddings on multi-level buildings due to their lightweight and sturdiness. Aluminum composite panels consist of low-density infill, mainly polyethylene, and other materials available in thicknesses ranging from 3 to 6 mm. The Aluminum composite panels, along with their exclusive color choice, are considered ideal for appealing and modern interior designs. Fast installation, high rigidity, and high water, chemical & corrosion resistance characteristics make Aluminum composite panels the most popular commodity used for decoration. It is expected that features such as excellent rigidity to weight ratio, UV resistance, weatherproof, attractive colors, and improved recyclability.
Global Aluminum Composite Panels for Interior Decoration Market size was registered at USD 5.560 billion in 2019 and is estimated to reach USD 11.08 billion by 2030, registering a CAGR of 6.5% from 2020 to 2030. Factors expected to drive the growth of the global demand for Aluminum composite panels for interior decoration over the next decade are easiness to shape, clean, and maintain Quick installation, no volatile organic compounds (VOC) emission, and perfect flatness are some of the factors that are expected to drive the growth of the global market for Aluminum composite panels over the forecast period. Also, high surface corrosion resistance, and major applications in kitchens, bathrooms, walls, partitions, and ceilings are expected to drive the growth of the demand for composite Aluminum panels over the forecast period. 
Source: Fatpos Global
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Global Aluminum Composite Panels for Interior Decoration Market is segmented based on type, application, and region.
By Type (in %), Aluminum Composite Panels for Interior Decoration Market, 2019
The anti-fire panel type segment is anticipated to register XX% of the market share during the forecasted period. By type the market can be segmented into Common Panels, Anti-fire Panels, Anti-bacteria Panels, and Antistatic Panels. The anti-fire panel segment is forecast to rise at the highest CAGR, by form. The fire-resistant Aluminum composite panels segment's dominant market position can be attributed to its fire-repellent property which prevents fire accidents in the residential or commercial sectors. Due to its high popularity in residential and non-residential sectors, the fire-resistant Aluminum composite panel is increasingly in demand. These panels are resistant to fire provide barriers against bacteria and microbes and are dust-proof and perfect for reducing static-electrical charges. These factors have contributed to expanding the demand for composite Aluminum panels in recent years
By Application (in %), Aluminum Composite Panels for Interior Decoration Market, 2019
The residential segment accounted for XX% of the nation’s volume in 2019
The application segment can be classified into residential and commercial. Owing to the growing disposable income people are spending more on residential activities leading to an upsurge in the segment growth. However, many loyalty schemes of the enterprises enable the commercial sector to give a better experience to consumers which has created a demand for aluminum in the commercial sector for interior decorations
The region segment can be further divided into five major types including North America, Latin America, Europe, APAC, and MENA.
Quick and easy installation and various applications to increase the market growth
Quick installation, no volatile organic compounds (VOC) emission, and perfect flatness are some of the factors that are expected to drive the growth of the global market for Aluminum composite panels over the forecast period. Also, high surface corrosion resistance, and major applications in kitchens, bathrooms, walls, partitions, and ceilings are expected to drive the growth of the demand for composite Aluminum panels over the forecast period. Moreover, the other few factors expected to drive the growth of the global demand for Aluminum composite panels for interior decoration over the next decade are easy to shape, clean, and maintain. Vulnerability and requirement for proper waterproofing to hinder the market growth During hurricanes and floods, Aluminum composite panels are vulnerable to dents and need to be protected from any damage by reinforcing with special threads. Also, proper sealing and adequate waterproofing are needed to prevent water from entering buildings during the rains. During the forecast period, the aforementioned factors are expected to hinder the growth of Aluminum composite panels in the market for interior decoration.
In terms of value and volume, North America accounted for XX% of total market volume share in 2019
It is estimated that North America’s market accounts for a significant share of the global demand for Aluminum composite panels due to well-developed building and manufacturing industries in the region. During the forecast period, Western Europe is also expected to witness considerable growth in the global market for composite Aluminum panels. The growing construction industry in China and India and the low costs of composite Aluminum panels are anticipated to push APAC market growth over the forecast period.
The region segment can be further divided into five major types including North America, Latin America, Europe, APAC, and MENA.
Source: Fatpos Global
Global Aluminum Composite Panels for Interior Decoration Market is further segmented by region into:
Some factors that improve the role in the market of the key players within the Aluminum market have been the latest manufacturing and processing technologies in the field, the new government policies, and increased demand from end-users. Also, making new customers is difficult, and when lower prices are offered, customers can easily be encouraged to switch suppliers, hampering the growth of the aluminum market for interior decorations.
Aluminum Composite Panels for Interior Decoration Market: Key players
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