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Global Aluminum Composite Wall Panels Market by Type (PVDF, Polyester, Laminating Coating, Oxide Films and Others); By Application (Construction, Automotive, Advertisement Boards, Railways and Others); By Vehicle Type (Passenger Cars and Light Commercial Vehicles) 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, which can be used as exterior claddings on multi-level buildings because of 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.
Aluminum Composite Wall Panels Market size was registered at USD 6.6 billion in 2019 and is estimated to reach USD XX billion by 2030, registering a CAGR of 6.47% from 2020 to 2030. Factors expected to drive the growth of the global demand for aluminum composite panels 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 Wall Panels Market is segmented based on the product, application, vehicle type, and region.
By Product (in %), Aluminum Composite Wall Panels Market, 2019
The PVDF panel segment is anticipated to register XX% of the market share during the forecasted period.
By product the market can be segmented into PVDF, Polyester, Laminating coating, Oxide films, and others. Leading to a wide variety of applications, PVDF panels have led the market including lightweight construction, high-speed trains, and advertising boards. Their characteristics, such as corrosion and wear resistance, and durability, are also expected to support growth in the segment.
By Application (in %), Aluminum Composite Wall Panels Market, 2019
The construction segment accounted for XX% of the nation’s volume in 2019
The application segment can be classified into construction, automotive, advertisement boards, railways, and others. Application for construction is expected to record the highest CAGR during the forecast years. Also, it is anticipated that the eco-friendly characteristics provided by the product will increase its demand for green buildings, thus stimulating market growth. Profits such as thermal and acoustic insulation and the product's corrosion resistance are also expected to fuel their demand in the new construction industry. Growing product use to meet transition energy and building requirements in decorative and cladding applications is also likely to increase the market growth rate over the next few years.
By Vehicle Type (in %), Aluminum Composite Wall Panels Market, 2019
The passenger car segment is anticipated to register XX% of the market share during the forecasted period.
By vehicle type, the market can be segmented into passenger cars and light commercial vehicles. The segment of passenger cars has led the overall market and is expected to post the highest CAGR. The product's thermal and acoustic insulation provides better comfort in luxury vehicles, thereby positively impacting its demand in this market. The integration of aluminum composite panels into high-performance cars contributes to a decrease in the vehicle's total weight, thereby increasing its fuel efficiency. Furthermore, the product support provided versatility and smooth surface in the production of cars with customized design and superior aesthetics and performance.
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. Considering the eco-friendly characteristics of these products, the increasing popularity of green buildings is also projected to boost product demand. Moreover, the other few factors expected to drive the growth of the global demand for aluminum composite panels 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 the aluminum composite panels market.
In terms of value and volume, APAC accounted for XX% of total market volume share in 2019
The APAC has led the industry as a whole and is projected to retain dominance over the estimated period. The fast-growing construction industry, especially in emerging economies such as China, India, Indonesia, and Vietnam, is expected to have a positive effect on the regional market. The growing population coupled with government schemes supporting basic facilities and high demand for affordable housing are also among the key drivers of growth in the area. Raising the number of green buildings in the region is expected to further drive the sector. Growing government schemes and programs in North America to encourage better infrastructure is promoting development in the region. Also, growth is expected to increase with the growing use of panels for decorative and cladding applications to meet transitional energy and building requirements. Increased electric and hybrid vehicle production in North America will also show favorable demand growth outlooks.
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 Wall Panels Market is further segmented by region into:
Some factors that improve the role in the market of the key players within the Aluminum composite wall panel 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 composite wall panel market.
Aluminum Composite Wall Panels Market: Key players
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