The aluminum composite panels market size is projected to grow at a CAGR of 6.92% during the forecast period, and reach USD 8.79 billion by 2022 from USD 6.29 billion in 2017.The market is driven by factors such as rapid urbanization, rise in construction activities in emerging economies.
Aluminum composite panels market size is projected to grow at a CAGR of 6.92% during forecast period, and reach USD 8.79 billion by 2022 from USD 6.29 billion in 2017. The market is driven by factors such as rapid urbanization, rise in construction activities in emerging economies, and large-scale investments in industrial and infrastructure sectors.
However, high cost is involved in case repairing work.
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Aluminum composite panels market dominated by players such as Arconic (US), Yaret Industrial Group (China), Mitsubishi Chemical (Japan), 3A Composites (Switzerland), Alubond U.S.A. (US), Alumax Industrial (Taiwan), Shanghai Huayuan New Composite Materials (China), Changshu Kaidi Decoration Material (China), Guangzhou Xinghe Aluminum Composite Panel (China), & Jyi Shyang Industrial (Taiwan).
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 external claddings on multi-level buildings because of their lightweight and sturdiness. Aluminum composite panels comprise of low density infill, majorly polyethylene and other materials, which are available in thickness ranging between 3 to 6mm.
Aluminum composite panels are prone to dents during hurricanes and storms, therefore, need to be prevented from any damage, through reinforcement with special threads. Furthermore, proper sealing and adequate water proofing are required to avoid water penetration into buildings during the rains.
The aforementioned factors are expected to hamper the growth of aluminum composite panels market during the forecast period.
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North America market is estimated to account for major share in the global aluminum composite panels market owing to well matured building and construction industry in the region. Western Europe is expected to witness considerable growth in the global aluminum composite panels market during the forecast period.
Growing construction industry, shifting focus of automakers towards production facilities in China and India and low cost of aluminum composite panels are expected to drive market growth in the APAC over the forecast period.
Artillery system market has been segmented into short range, medium range, and long range. The medium range segment is expected to lead the artillery system market from 2017 to 2022.
Medium range guns have higher accuracy as compared to long-range artillery systems and are used form destruction of targets that are in moderate range.
Key Target Audience
- Aluminum composite panel manufacturers
- Raw material producers and suppliers
- Aluminum composite panel distributors and traders
- End-use sectors
- Governments and R&D institutions
- Market research and consulting firms
- Associations and industry bodies
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Global Aluminium Composite Panels Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users,., besides allowing them in strategizing investments and capitalizing on market opportunities.
Estimates reached after analyzing secondary sources were validated through these interviews. Primary sources included professionals such as constructors, aluminum composite panel manufacturers, distributors, consultants, and academic professionals.
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