(PharmaNewsWire.Com, May 19, 2017 ) The report "Aluminum Composite Panels Market by Coating Base (PE & PVDF), Type (Fire-resistant, Anti-bacterial, Anti-static), Application (Building & Construction, Advertising Boards, and Transportation), Composition, and Region - Global Forecast to 2021", the aluminum composite panels market size is estimated to grow from USD 1.22 Billion in 2015 to USD 1.77 Billion by 2021, at a CAGR of 6.58%. It is projected to witness significant growth in the next few years with the increasing demand for new constructions all over the world due to rapid urbanization and industrialization. Large-scale investments in industrial and infrastructure sectors, rising construction activities in emerging economies, and development of innovative products in the construction market are some of the factors driving the growth of the aluminum composite panels market.
Browse 144 market data tables and 38 figures spread through 160 pages and in-depth TOC on "Aluminum Composite Panels Market by Coating Base (PE & PVDF), Type (Fire-resistant, Anti-bacterial, Anti-static), Application (Building & Construction, Advertising Boards, and Transportation), Composition, and Region - Global Forecast to 2021"
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Building & construction to gain maximum traction during the forecast period, in terms of application.
The building & construction segment dominated the market in 2015 and is projected to be the fastest-growing end-user sector in the next five years, as a result of the rising urbanization and demand for better quality in homes. The demand for aluminum composite panels is expected to be driven by the growing building & construction and advertising industries due to their durability, safety, and greater aesthetic appeal. In the transportation industry, these panels are used in cars, rails, boats, and aircraft designs.
“Asia-Pacific aluminum composite panels market constitutes the largest market share.”
China contributes a major market share in the global as well as Asia-Pacific aluminum composite panels market. The recovery of the Chinese residential market by 2010 after the 2007–2009 recession and the increasing demand of low maintenance building products are some of the factors driving the aluminum composite panels market in Asia-Pacific. The market in this region is growing rapidly due to the presence of numerous leading players.
The major players in the aluminum composite panels market include Alcoa Inc. (U.S.), Yaret Industrial Group (China), American Building Technology (U.S.), Alumax Industrial Co., Ltd. (Taiwan), Shanghai Huayuan New Composite Materials Co., Ltd. (China), Changshu Kaidi Decoration Material Co., Ltd. (China), Guangzhou Xinghe ACP Co, Ltd. (China), Jyi Shyang Industrial Co., Ltd. (Taiwan), Mitsubishi Plastics, Inc. (Japan), and Msenco Metal Co., Ltd. (China).
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