Research Nester released a report titled “Aluminum Composite Panels Market: Global Demand Analysis & Opportunity Outlook 2028″ which delivers detailed overview of the aluminum composite panels market in terms of market segmentation by application, by type, by product and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
With rising international pressure upon governments to curb carbon emissions, the concept of green buildings is being readily promoted. Additionally, building and construction activities in the low and middle income countries have been rapidly growing. Owing to these factors, the market size of the aluminum composite panels market is anticipated to grow at a notable CAGR during the period 2020-2028.
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The market is segmented by application into buildings & constructions, transportation, automotive, advertising boards, railways and others. The building & construction segment is anticipated to grow at the fastest rate on the back of high consumption of aluminum composite panel in the sector and growing popularity of green building concept.
On the basis of geography, the aluminum composite panels market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region out of which, the market in North America is anticipated to hold the largest market share on the back of use of sophisticated technology for business development and increasing investment in aluminum composite panel technology.
Rising Building and Construction Activities
As the world is continuously developing, it is going through a phase of rapid urbanization. As the per capita income is rising, so is the real estate sector. Rapidly growing building and construction activity is set to drive the market growth during the forecast period. However, high cost of the raw product, intense competition and high initial investment are some factors expected to operate as key restraints for the growth of the aluminum composite panels market in future.
This report also provides the existing competitive scenario of some of the key players of the global aluminum composite panels market which includes company profiling of Mitsubishi Chemicals Holdings Corp. (TYO:4188), Arconic Corp. (NYSE:ARNC), Alcoa Inc. (NYSE:AA), Harwal Group, Viva Composite Panels Pvt. Ltd., 3A Composites GmbH, Alstrong Enterprises, Aludecor Lamination Pvt. Ltd., Mbond Manufacturer Sdn Bhd and Kingaluc.
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The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global aluminum composite panels market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.