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Market Trends Of Exterior Aluminium Composite Panel Sheet

Exterior ACP Sheets

The global Aluminium Composite Panels (ACP) industry is currently embarking on growth. It is mostly driven by industries like construction, transportation, automotive, signage, architecture, etc. The popularity of interior and exterior ACP sheets has increased more than ever before. Since the ACP market is developing, let us analyse the rise in the market in the coming years and its impact on various industries.

ACPs are made up of two thin and flat aluminium panels attached to a non-aluminium core. This core gives these panels their incredible strength and flexibility. The application of non-toxic polyethene core (PE) further makes the panel even more sustainable and eco-friendly. The panels are extensively used in various applications worldwide such as building facades, signage, architecture, signage, corporate, etc.

Aluminium Composite Panels Market Trends

In this section, we will cover the key market trends that are shaping the Aluminium Composite Panel Market:

Increasing Demand for Strong yet Lightweight Materials in the Construction Industry

  • Aluminium composite panels (ACP) are incredibly lightweight and come with a brilliant strength-to-weight ratio. They deliver better rigidity, durability, weather and UV resistance, excellent thermal and sound insulation, and resistance to acids, alkali salts, pollution, etc.
  • For practical benefits and usability, these are often used in making interior decorations as well as, claddings, exterior wall insulation, coverings, and various other industries as well.
  • In the past decades, the construction industry has developed pretty quickly. This is mainly because of the emerging economies such as Brazil, Russia, China, and India that are investing a considerable amount in infrastructure. Also, they have a high demand for it.
  • Now, the construction industry is witnessing a noticeable growth in the Middle East, Asia-Pacific, as well as African regions.
  • In the Asia-Pacific region, India seems to remain the fastest-developing G20 economy. The government of India announced an investment of USD 376.5 billion in infrastructure over three years (2023–2025). This also includes USD 120.5 billion in growing 27 industrial clusters and USD 75.3 billion in projects like port connectivity, road, railway, etc.
  • Since Saudi Arabia is currently working on a considerable number of residential and commercial projects, it tends to lead to more buildings in the country.

All these above-mentioned factors are expected to increase the demand for ACP sheets in the forecast period.

Asia-Pacific Region Is Likely To Be The Market Leader

  • The Asia-Pacific region leads the global market share. Things such as developing construction activities and support for low-maintenance building materials are further encouraging market growth.
  • Also, the tourism agencies of ASEAN countries are investing a lot in hotels. This is great for market development since interior and exterior ACP sheets are significantly used in decorating hotel rooms to make them look more appealing and welcoming.
  • When it comes to the continued economic development of China, the construction sector is a major player in this field.
  • As per China’s Five-Year Plan, reported in January 2022, the construction industry is estimated to mug up a growth of 6% in 2022.
  • The Indian government is consistently and considerably focusing on the growth of infrastructure to boost economic development. The market size of real estate in India is expected to reach USD 1 trillion by 2030. It is expected to contribute 13% of the country’s GDP by 2025.
  • The heightening rate of investments in the residential and commercial sectors along with the strategic initiatives taken by the government of India is likely to boost the construction sector of the country. This is likely to encourage the ACP market in India.
  • In 2020, South Korea produced 3,506,774 vehicles which is a decline of 11.2% when compared to that of 2019. This decline was the result of the decreasing domestic sales and imports. However, in 2021, the production increased and reached 2,576,501 units.

Therefore, it can be said that with the fast growth in the construction and automotive industries, demand for ACP sheets in the region is likely to get a drastic boost over the forecast period.

Market Of ACP In India

With approximately 45 production plants all across India, the ACP sector is likely to have a market of roughly 2200 crore. Thankfully, GST has created a fair platform that was desperately needed for infrastructural and economic development, along with structured corporate processes. Fortunately, the industry is slowly shifting towards organised players because of GST.

By introducing new commodities, many brands are following the “brand formula” which results in a solid boost in the supply of premium-quality value-added products including interior and exterior ACP sheets. The GST scheme is expected to bring a lot of smiles because of the branded ACP players. They may expect a double-digit rise in the overall profit.

The size of the Aluminium Composite Panel market is expanding fast because of increased industrial and commercial activity. The other reasons are increased demand from the end-use industries as well as the increased popularity of antibacterial and anti-toxic panels. The advantages related to aluminium composite panels including high durability, reduced sound transmission, and UV protection are among other value-added additions.

ACP Market Size

Within 2026, the Aluminium Composite Panel (ACP) market is expected to develop at a CAGR of over 6%. The market is also expected to be driven by the increasing demand for PVDF-based ACPs during the forecast years. However, the accessibility of cheaper alternatives is expected to hinder the expansion of the market. This sector is expected to get a potential opportunity for growth because of the large-scale hotel investments in ASEAN countries.

The ACP Market By Its Application

Construction is projected to be the major application industry for ACP. The increasing architectural standardisation is serving as a great drive for the ACP sheets market. The demand for ACP panels is increasing in new constructions because of the superior quality, fire resistance, durability, antibacterial, as well as weatherproof properties that ACPs provide.
The increased use of ACP panels in architecture and construction has a great contribution in emerging markets, such as the Asia Pacific area.

ACP Sheets Market By Its Fire-Resistance Type

The fire-resistant category has gone through the expected growth at the fastest CAGR between 2017 and 2022. Due to its popularity in both residential and non-residential sectors, fire-resistant interior and exterior ACP sheets are in great demand. These panels are not only fire-resistant but also bacteria- and microbe-resistant.
These are dust-proof and simply great for reducing static electrical charges. Recently, these factors have greatly contributed to the expansion of the ACP market.

In The Predicted Time, Asia Pacific Will Get The Maximum Traction

Within the projection period, Asia Pacific is estimated to be the fastest-developing market while the next position holder is South America. In Asia Pacific, China is the major buyer of ACPs while Japan comes the next.
The ACP market is expected to be encouraged by China’s expanding building and construction sector. Japan is expected to lead the ACP market in the Asia Pacific region due to its rising preference for secure and simple construction materials.

Opportunities For Participants In The Market

The market of aluminium composite panels is going to witness impressive overall growth within the forecast period. A large revenue is expected from Asia-Pacific, led by India and China. The business will grow with the improving construction market landscape in the Middle East & Africa.

When it comes to the core type, the marketplace is estimated to go through a strong shift in demand. This demand will be mainly towards the premium-quality fire-retardant and non-combustible segment. It will happen because of the increase in the reported building fires.

Organizations that are involved in developing product portfolios with fire-resistant options are holding a great position to take advantage of the stringent regulations regarding construction and fire safety laid out by associated authorities. These organizations are gradually adapting more towards developing design solutions, especially in the realm of interior applications for creating unique identities for buildings.

Conclusion

Thus, it can be said that the ACP industry will see 15%-20% development each year. This is because people are always looking for something better in terms of feels, textures, and looks – no matter interior or exterior ACP sheets. That’s exactly what the market targets catering to.

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