Bharat Book Bureau Provides the Trending Market Research Report on “Americas Aluminium Composite Panel Research Report Forecast till 2026 “under Chemical & Materials category. The Americas Aluminum Composite Panel Market is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
Americas Aluminium Composite Panels Market Forecast till 2026
As per the 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.
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.
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.
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).
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