New Study from StrategyR Highlights a $10 Billion Global Market for Aluminum Composite Panels by 2026
SAN FRANCISCO , July 4, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Aluminum Composite Panels - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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Edition: 9; Released: January 2022
Executive Pool: 432
Companies: 46 - Players covered include 3A Composites; Alstone; Alstrong Enterprises India (Pvt) Limited.; Alubond U.S.A. (American Building Technologies Inc.); Alucoil North America; Aludecor Lamination Private Limited; Alumax Industrial Co., Ltd.; Arconic, Inc.; Constellium N.V.; Goldstar Group; Guangdong Bolliya Metal Building Materials Co., Ltd.; Guangzhou Xinghe ACP Co. Ltd.; Jiangyin Litai Ornamental Materials Co., Ltd.; Jyi Shyang Industrial Co., Ltd.; Laminators Inc.; Maxbond International Co., Ltd.; Mitsubishi Chemical Corporation; Msenco Metal product Co., Ltd.; Shanghai Huayuan New Composite Materials Co., Ltd.; Shanghai Jixiang Industry Co., Ltd.; Taizhou Kingertai Decoration Material Co., Ltd.; Yaret Industrial Group Co., Ltd and Others.
Coverage: All major geographies and key segments
Segments: Application (Building & Construction, Advertising, Transportation); Composition (Core Material, Metal Skin, Surface Coating, Rear Skin)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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ABSTRACT-
Global Aluminum Composite Panels Market to Reach $10 Billion by 2026
Amid the COVID-19 crisis, the global market for Aluminum Composite Panels estimated at US$7.1 Billion, is projected to reach a revised size of US$10 Billion by 2026, growing at a CAGR of 5.7% over the analysis period. Core Material, one of the segments analyzed in the report, is projected to record a 6.3% CAGR and reach US$4.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Metal Skin segment is readjusted to a revised 5.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2 Billion in 2021, While China is Forecast to Reach $2.1 Billion by 2026
The Aluminum Composite Panels market in the U.S. is estimated at US$2 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2026 trailing a CAGR of 8.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 5.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.
Surface Coating Segment to Reach US$1.8 Billion by the year 2026
In the global Surface Coating segment, USA, Canada, Japan, China and Europe will drive the 5.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$954 Million will reach a projected size of US$1.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]
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