Americas Aluminium Composite Panel Research Report Forecast till 2026
May 24, 2022
Market Research Future
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Americas Aluminium Composite Panel Research Report Forecast till 2026
Abstract
Americas Aluminium Composite Panels Market Forecast till 2026
Market Overview As per the MRFR analysis the Americas aluminum Composite Panels Market is anticipated to witness a significant market expansion at a CAGR of 13.86% during the review period to surpass USD 3,631.9 Million by the end of 2026. Aluminum composite panels are light-weight composite materials comprising of two pre-completed aluminum cover sheets heat-attached to a center made of polyethylene plastic material. Generally, these panels are utilized outside the covers of business structures and corporate houses.
The Americas aluminum composite panels market is expected to register a healthy market expansion owing to the rising requirement for fast and economic construction techniques and the growth in demand from end-use industries. However, the lack of skilled labor is estimated to hinder the global market in the future. Additionally, the increasing awareness of Energy efficient Infrastructure is anticipated to provide many lucrative opportunities for the major market competitors during the review period.
Market Segmentation Rising demand for fast & economic construction techniques and growth in demand from end-use industries will spur market growth. The Americas aluminum composite panels market has been segmented based on Type, Coating Base, and End-Use. Based on Type, the market has been bifurcated into fire-resistant, anti-bacterial, anti-static, and others. The Americas market has been classified into PVDF, PE, and others based on Coating Base. Based on End-Use, the market has been sub-segmented into building & construction, advertising boards, and transportation. In the Type segment, the anti-bacterial aluminum composite panel holds the major market share, due to the high interest of customers in a hygienic living style. These are majorly used in hospitals, food factories, pharmaceutical factories, office buildings, kitchens, bathrooms, and others. The market size of an anti-bacterial segment in 2020 was reported at around USD 658 million.
Regional Analysis The region-specific analysis of the Americas Aluminium Composite Panels market is divided into North America, and South America. North America accounted for the largest market share having a market share of 80.79% with a market value of USD 2,289.1 million. The region is expected to witness a healthy market expansion at a significant CAGR of 13.34% during the review period. The North American market is attributed to the growing expenditure on composite panels due to rapid and cost-effective construction techniques. The US and Canada exhibit prominent markets in the North American market.
Major Players The major market players operating in the Americas Aluminium Composite Panels Market are Hexcel Corporation, ALUBOND U.S.A., Alcoa Corporation, ALUCOIL, 3A Composites, and Fairfield Metal LLC (US).
Content
TABLE OF CONTENT
1.1.3AMERICAS ALUMINUM COMPOSITE PANELS MARKET, BY END USE 1.1.4AMERICAS ALUMINUM COMPOSITE PANELS MARKET, BY REGION 2MARKET INTRODUCTION 2.1DEFINITION 2.2SCOPE OF THE STUDY 2.3MARKET STRUCTURE 3RESEARCH METHODOLOGY 3.1RESEARCH PROCESS 3.2PRIMARY RESEARCH 3.3SECONDARY RESEARCH 3.4MARKET SIZE ESTIMATION 3.5TOP-DOWN AND BOTTOM-UP APPROACH 3.6FORECAST MODEL 3.7LIST OF ASSUMPTIONS 4MARKET DYNAMICS 4.1INTRODUCTION 4.2DRIVERS 4.2.1RISING DEMAND FOR FAST AND ECONOMIC CONSTRUCTION TECHNIQUES 4.2.2GROWTH IN DEMAND FROM END-USE INDUSTRIES 4.2.3DRIVER IMPACT ANALYSIS 4.3RESTRAINT 4.3.1LACK OF SKILLED LABOR 4.3.2RESTRAINT IMPACT ANALYSIS 4.4OPPORTUNITIES 4.4.1RISING AWARENESS OF ENERGY-EFFICIENT INFRASTRUCTURE 4.5COVID-19 IMPACT ANALYSIS 4.5.1COVID-19 IMPACT ON THE CONSTRUCTION INDUSTRY 4.5.1.1ECONOMIC IMPACT 4.5.2IMPACT ON ALUMINUM COMPOSITE PANELS MARKET 4.5.2.1IMPACT ON SUPPLY CHAIN
5MARKET FACTOR ANALYSIS 5.1PORTER’S FIVE FORCES MODEL 5.1.1THREAT OF NEW ENTRANTS 5.1.2BARGAINING POWER OF SUPPLIERS 5.1.3THREAT OF SUBSTITUTES 5.1.4BARGAINING POWER OF BUYERS 5.1.5INTENSITY OF RIVALRY 5.2SUPPLY CHAIN ANALYSIS 5.2.1RAW MATERIAL SUPPLY 5.2.2MANUFACTURE 5.2.3DISTRIBUTION33 5.2.4END-USE33 6AMERICAS ALUMINUM COMPOSITE PANELS MARKET, BY TYPE34 6.1OVERVIEW34 6.2FIRE RESISTANT35 6.3ANTI-BACTERIAL 6.4ANTI-STATIC 6.5OTHERS36 7AMERICAS ALUMINUM COMPOSITE PANELS MARKET, BY COATING BASE 7.1OVERVIEW 7.2POLYVINYLIDENE DIFLUORIDE (PVDF) 7.3POLYETHYLENE (PE) 7.4OTHERS38 8AMERICAS ALUMINUM COMPOSITE PANELS MARKET, BY END USE 8.1OVERVIEW 8.2BUILDING & CONSTRUCTION 8.3ADVERTISING BOARDS 8.4TRANSPORTATION 9AMERICAS ALUMINUM COMPOSITE PANELS MARKET, BY REGION 9.1OVERVIEW
Americas Aluminium Composite Panels Market Forecast till 2026
Market Overview As per the MRFR analysis the Americas aluminum Composite Panels Market is anticipated to witness a significant market expansion at a CAGR of 13.86% during the review period to surpass USD 3,631.9 Million by the end of 2026. Aluminum composite panels are light-weight composite materials comprising of two pre-completed aluminum cover sheets heat-attached to a center made of polyethylene plastic material. Generally, these panels are utilized outside the covers of business structures and corporate houses.
The Americas aluminum composite panels market is expected to register a healthy market expansion owing to the rising requirement for fast and economic construction techniques and the growth in demand from end-use industries. However, the lack of skilled labor is estimated to hinder the global market in the future. Additionally, the increasing awareness of Energy efficient Infrastructure is anticipated to provide many lucrative opportunities for the major market competitors during the review period.
Market Segmentation Rising demand for fast & economic construction techniques and growth in demand from end-use industries will spur market growth. The Americas aluminum composite panels market has been segmented based on Type, Coating Base, and End-Use. Based on Type, the market has been bifurcated into fire-resistant, anti-bacterial, anti-static, and others. The Americas market has been classified into PVDF, PE, and others based on Coating Base. Based on End-Use, the market has been sub-segmented into building & construction, advertising boards, and transportation. In the Type segment, the anti-bacterial aluminum composite panel holds the major market share, due to the high interest of customers in a hygienic living style. These are majorly used in hospitals, food factories, pharmaceutical factories, office buildings, kitchens, bathrooms, and others. The market size of an anti-bacterial segment in 2020 was reported at around USD 658 million.
Regional Analysis The region-specific analysis of the Americas Aluminium Composite Panels market is divided into North America, and South America. North America accounted for the largest market share having a market share of 80.79% with a market value of USD 2,289.1 million. The region is expected to witness a healthy market expansion at a significant CAGR of 13.34% during the review period. The North American market is attributed to the growing expenditure on composite panels due to rapid and cost-effective construction techniques. The US and Canada exhibit prominent markets in the North American market.
Major Players The major market players operating in the Americas Aluminium Composite Panels Market are Hexcel Corporation, ALUBOND U.S.A., Alcoa Corporation, ALUCOIL, 3A Composites, and Fairfield Metal LLC (US).
TABLE OF CONTENT
1.1.3AMERICAS ALUMINUM COMPOSITE PANELS MARKET, BY END USE 1.1.4AMERICAS ALUMINUM COMPOSITE PANELS MARKET, BY REGION 2MARKET INTRODUCTION 2.1DEFINITION 2.2SCOPE OF THE STUDY 2.3MARKET STRUCTURE 3RESEARCH METHODOLOGY 3.1RESEARCH PROCESS 3.2PRIMARY RESEARCH 3.3SECONDARY RESEARCH 3.4MARKET SIZE ESTIMATION 3.5TOP-DOWN AND BOTTOM-UP APPROACH 3.6FORECAST MODEL 3.7LIST OF ASSUMPTIONS 4MARKET DYNAMICS 4.1INTRODUCTION 4.2DRIVERS 4.2.1RISING DEMAND FOR FAST AND ECONOMIC CONSTRUCTION TECHNIQUES 4.2.2GROWTH IN DEMAND FROM END-USE INDUSTRIES 4.2.3DRIVER IMPACT ANALYSIS 4.3RESTRAINT 4.3.1LACK OF SKILLED LABOR 4.3.2RESTRAINT IMPACT ANALYSIS 4.4OPPORTUNITIES 4.4.1RISING AWARENESS OF ENERGY-EFFICIENT INFRASTRUCTURE 4.5COVID-19 IMPACT ANALYSIS 4.5.1COVID-19 IMPACT ON THE CONSTRUCTION INDUSTRY 4.5.1.1ECONOMIC IMPACT 4.5.2IMPACT ON ALUMINUM COMPOSITE PANELS MARKET 4.5.2.1IMPACT ON SUPPLY CHAIN
5MARKET FACTOR ANALYSIS 5.1PORTER’S FIVE FORCES MODEL 5.1.1THREAT OF NEW ENTRANTS 5.1.2BARGAINING POWER OF SUPPLIERS 5.1.3THREAT OF SUBSTITUTES 5.1.4BARGAINING POWER OF BUYERS 5.1.5INTENSITY OF RIVALRY 5.2SUPPLY CHAIN ANALYSIS 5.2.1RAW MATERIAL SUPPLY 5.2.2MANUFACTURE 5.2.3DISTRIBUTION33 5.2.4END-USE33 6AMERICAS ALUMINUM COMPOSITE PANELS MARKET, BY TYPE34 6.1OVERVIEW34 6.2FIRE RESISTANT35 6.3ANTI-BACTERIAL 6.4ANTI-STATIC 6.5OTHERS36 7AMERICAS ALUMINUM COMPOSITE PANELS MARKET, BY COATING BASE 7.1OVERVIEW 7.2POLYVINYLIDENE DIFLUORIDE (PVDF) 7.3POLYETHYLENE (PE) 7.4OTHERS38 8AMERICAS ALUMINUM COMPOSITE PANELS MARKET, BY END USE 8.1OVERVIEW 8.2BUILDING & CONSTRUCTION 8.3ADVERTISING BOARDS 8.4TRANSPORTATION 9AMERICAS ALUMINUM COMPOSITE PANELS MARKET, BY REGION 9.1OVERVIEW