Aluminum Cladding Panels Market By TYPE (Solid Aluminum Panels, Aluminum composite panels, Others), By THICKNESS (3mm, 4mm, 6mm), By APPLICATION (Exterior, Interior), By SALES (New Construction, Replacement), By END USER (Residential, Non-residential): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global aluminum cladding panels market size was valued at $6,355.9 million in 2021 and is projected to reach $10,352.9 million by 2031, registering a CAGR of 5.0% from 2022 to 2031. The aluminum cladding panels are a type of facade or curtain wall system made of aluminum sheets. They are non-structural parts that are attached to the primary structure of the building that protect the walls and roof of the building from elements such as rain, wind, heat, and snow. In addition to its usage on the exterior profile of buildings, it is also used as an interior design element in many buildings.
The global population along with globalization is rising at a significant rate. Various organizations such as United Nations and The World Bank have estimated that the world population is expected to reach above 9.5 billion in 2050, from about 8 billion in 2022. This is anticipated to increase the demand for residential and commercial buildings across the world, especially in developing nations such as China, India, Brazil, and South Africa. Moreover, rise in tourism in countries such as Singapore, Australia, Italy, and France is anticipated to propel the demand for highly aesthetic and expansive aluminum cladding panels for hospitality buildings. Furthermore, construction of public infrastructure such as airports and bus stops involves utilization of the aluminum cladding panels.
However, fluctuation in raw material prices may hinder the market growth. Contrarily, an increase in construction of green buildings across various regions offers lucrative growth opportunities for the market player during the forecast period.
The aluminum cladding panels market is segmented on the basis of type, thickness, application, sales, end user, and region. By type, the market is divided into solid aluminum panels, aluminum composite panels, and others. By thickness, it is categorized into 3mm, 4mm, and 6mm. By application, it is classified into exterior and interior. By sales, the market is bifurcated as new construction and replacement. By end user, it is fragmented into residential and non-residential. Region wise, the market analysis is conducted across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies such as product launch, to strengthen their market outreach and sustain the stiff competition in the market.
Competition Analysis
Key companies profiled in the aluminum cladding panels market report include Alucoil, Aluminium Specialties Group Pty Ltd., Arconic Corporation, CSP Architectural, Jyi Shyang Industrial Co., Ltd. (Alucomat), Mbond Manufacturer Sdn Bhd, Mitsubishi Chemical Holdings Corporation, Mulk Holdings International (Alubond U.S.A.), Schweiter Technologies AG (3A Composites), and Valcan.
Key Benefits for Stakeholders
The report provides an extensive analysis of the current and emerging aluminum cladding panels market trends and dynamics.
In-depth market analysis is conducted by constructing market estimations for the key market segments between 2022 and 2031.
Extensive analysis of the aluminum cladding panels market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
The global aluminum cladding panels market forecast analysis from 2022 to 2031 is included in the report.
The key market players within aluminum cladding panels market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the aluminum cladding panels industry.
Key Market Segments
By TYPE
Solid Aluminum Panels
Aluminum composite panels
Others
By THICKNESS
3mm
4mm
6mm
By APPLICATION
Exterior
Interior
By SALES
New Construction
Replacement
By END USER
Residential
Non-residential
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
New Zealand
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Mulk Holdings International (Alubond U.S.A.)
Alucoil
Arconic Corporation
CSP Architectural
Mbond Manufacturer Sdn Bhd
Valcan
Mitsubishi Chemical Holdings Corporation
Schweiter Technologies AG (3A Composites)
Aluminium Specialties Group Pty Ltd.
Jyi Shyang Industrial Co., Ltd.( Alucomat )
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