Northbrook, IL -- (SBWIRE) -- 06/18/2019 -- The report "Aluminum Composite Panels Market by Base Coating Type (PE and PVDF), Type (Fire-resistant, Anti-bacterial, and Anti-static), Application (Building & Construction, Advertising, and Transportation), Composition, and Region – Global Forecast to 2027"The aluminum composite panels market size is estimated to grow from USD 6.67 billion in 2018 to USD 12.17 billion by 2027, at a CAGR of 6.92%.

Browse 146 market data Tables and 30 Figures spread through 163 Pages and in-depth TOC on "Aluminum Composite Panels Market – Global Forecast to 2027"

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Building & construction segment is projected to grow at the highest CAGR during the forecast period.
The building & construction segment dominated the market in 2018, and is projected to be the fastest-growing application in the next five years, as a result of the rapid urbanization and demand for better quality homes. The demand for aluminum composite panels is expected to be driven by the growing building & construction and advertising industries. In the transportation industry, these panels are used in cars, rails, boats, and aircraft designs.

Core material segment, by composition, is projected to gain maximum traction
The core material segment dominated the market in 2018, and is projected to be the fastest-growing application in the next five years, as a result of its fire-resistance property. The core material is highly preferred in the construction industry.

Asia Pacific dominated the market for aluminum composite panels in 2018
China contributes a major market share in the Asia Pacific aluminum composite panels market. The recovery of the Chinese residential market in 2010 after the 2007–2009 recession and the increase in demand for low-maintenance building products are some of the factors driving the aluminum composite panels market in Asia Pacific. The market in this region is also growing rapidly due to the presence of numerous leading players.
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The major players in the aluminum composite panels market in Asia Pacific include Yaret Industrial Group (China), Alumax Industrial (Taiwan), Shanghai Huayuan New Composite Materials (China), Changshu Kaidi Decoration Material (China), Guangzhou Xinghe ACP (China), Jyi Shyang Industrial (Taiwan), Mitsubishi Chemical (Japan), and Msenco Metal (China).

The growth of the aluminum composite panels market was largely influenced by new product launches, acquisitions, and expansions, divestures, and investments in the past three years. The year 2014 experienced a large number of expansions, divestures, and investments by the top players in the market. New product launches led to considerable revenue generation by the companies. Most of the players in the market hold long-term contracts with their clients for the supply of aluminum composite panels. Acquisitions formed one of the key strategies adopted by companies in the past three years to gain considerable market share and focus on the core operations of the business. Considerable investments were made in technology upgradations and servicing facilities across developed and emerging markets.

Arconic is the leading company in the market. It is engaged in new product launches to provide innovative and advanced solutions to its customers, globally. It has established the world's largest light material center known as The ALCOA Technical Center in California, US to focus on innovative products and understand the needs of local customers and serve them better. It focuses on achieving a premium position in the market by strategic acquisitions with Firth Rixson Limited (UK). The acquisition was aimed at enabling the company to increase its offerings made of nickel-based super alloys, titanium, stainless steel, and advanced aluminum alloys. These acquisitions have supported the company's strategic objective of generating profitable growth in the aluminum composite panels market.

3A Composites offers a diversified range of aluminum composite panels for architecture and transport applications. The company has a strong brand equity and serves customers worldwide. It focuses on innovation, environmental protection, and sustainability. It is EN ISO 14001 and EN ISO 50001 certified. Its recent acquisitions of Athlone Extrusions (Ireland) in July 2017, extensive product portfolio, and global operations contribute to its strong position in the aluminum composite panels market.

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