Global aluminium composite panels market to soar at a CAGR of 6.27% during 2017-2021

According to a new research report, the global aluminium composite panels market is projected to grow at a CAGR of 6.27 per cent during the period 2017-2021. The report identifies key driving factors which include rising demand for fire-resistant aluminium composite panels, and innovations in aluminium composite panels for interior decorative purposes.

The major manufacturers who will dominate the market from 2017-2021 include 3A Composites, Alcoa, Alubond U.S.A, Guangzhou Xinghe ACP, Jyi Shyang Industrial, Alucoil, Alstrong Enterprises India, AMAG Austria Metall, Constellium, Kaidi Industrial, and many more. The report covers geographic analysis that includes regions like Americas, APAC, and EMEA.

{googleAdsense}

Aluminium composite panel (ACP) is a flat panel crafted out of two aluminium alloy sheets bonded with a non-aluminium core so as to form a composite.  It is used for cladding or as facade material of buildings, insulation, and signage. It is forecasted that the rapid urbanization and industrialization will increase the demand for new constructions worldwide.

Analysts have earlier reported that the global aluminium composite panels market is estimated to be valued at US$1.77 billion by 2021 growing from US$1.22 billion in 2015, at a composite annual growth rate of 6.58 per cent. Asia Pacific aluminium composite panels market will constitute the largest market share during the review period.