Global Aluminum Composite Panel (ACP) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Aluminum Composite Panel (ACP) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

An aluminum composite panel, generally known as an ACP, is a flat panel product made up of two aluminum sheets with a non-aluminum core. The core is made of polyethylene or a mix of polyethylene and fire-resistant mineral filler.

The aluminum composite panel is produced by a continuous lamination process, in which a sheet of the material that will make up the core is extruded and compacted between two aluminum sheets that are unwound at the same time. Finally, the flatness of the material is compacted and perfected and a protective film is applied.
Aluminum composite panel are new-age material that's used for building front elevation (facades), interiors, signage, modular kitchen and many more. It is available in a wide range of colors and textures.

Market Overview:

The latest research study on the global Aluminum Composite Panel (ACP) market finds that the global Aluminum Composite Panel (ACP) market reached a value of USD 6269.3 million in 2022. It’s expected that the market will achieve USD 8563.0 million by 2028, exhibiting a CAGR of 5.33% during the forecast period.

Impact on Industry Upstream

Tight supply of raw materials
Affected by COVID-19, logistics will be suspended, and the supply of raw materials for aluminum composite panel will be tight. Production was stagnant, the company's inventory increased, and the production of related enterprises in the severely affected areas was greatly affected. The short-term epidemic has less impact on the supply of raw materials for enterprises, mainly consuming stock materials, and the long-term epidemic will cause incalculable losses. If the epidemic develops further and logistics is always unsatisfactory, small and medium-sized Aluminum Composite Panel (ACP) enterprises are likely to be shut down due to insufficient raw material supply, and even large enterprises will face the same problem.

Impact on Industry Downstream

Affect the normal operation of Industry Downstream
The raging COVID-19 has plunged the global economic environment into depression. The impact of COVID-19 on aluminum composite panel downstream industries will involve all major links and entities in the industrial chain. The management efficiency of the company is declining, commuting is seriously hindered, production plans are seriously hindered, network expansion is delayed, marketing is delayed, brand adjustment is forced, market sales are declining, and the income of the company and employees is declining. The impact on aluminum composite panel downstream industry depends on the prevention and control effect of COVID-19.
aluminum composite panel market is mainly driven by the downstream, and the downstream industry is affected by the COVID-19 epidemic, which may lead to a short-term decline in aluminum composite panel market demand.

Product manufacturing process innovation

The non-aluminum core of the original ACP is highly flammable and made of polyethylene, which is a thermoplastic polymer with highly flammable properties. Since the initial combustible design, aluminum composite panels have developed a lot. The main difference lies in the core. The material that makes up the core and how it is laminated to aluminum are the key characteristics that define whether the material is flammable or not. Many manufacturers have added inorganic mineral fillers into ACP cores to reduce the flammability of products, and reached the standard of A1 grade fireproof materials. The A2-grade ACP products are filled with incombustible inorganic substances as core materials, which makes them have greater resistance in case of fire or special ductility. In addition, the types of product finishes are also constantly improving, and aluminum composite panels allow a large number of different finishes, such as texture effects, matte or high-gloss surfaces, and so on. The progress of manufacturing technology, and ACP products have the characteristics of high dimensional stability, recyclability, quick and simple assembly, etc. Constantly improving product performance promotes the continuous improvement of industry demand.

Product quality problems

For enterprise with a certain scale in that aluminum composite panel industry, there are certain guarantees in production technology and product quality, but the overall industry quality is still uneven. According to some aluminum composite panel projects that have been completed and put into use, some projects have the phenomena of bubbling, fading and separation of the board surface from the core material. Although there are construction problems here, the quality of aluminum composite panel products is also an important factor. In developing countries and regions, the aluminum composite panel industry has a characteristic. The number of aluminum composite panel factories is relatively large and the scale is generally small. The blind construction of the aluminum composite panel production line is due to the market potential and profit margin, which leads some enterprises to produce low-grade products under the condition of imperfect technology, R&D, production management and product inspection. Although the competition will survive the fittest, the whole industry will be greatly weakened in this process.

Region Overview:

Geographically, Asia Pacific held the largest market share – 51.88% in 2022.

Company Overview:

Alubond USA is one of the major players operating in the Aluminum Composite Panel (ACP) market, holding a share of 5.89% in 2023.

Alubond USA

Alubond U.S.A is an Aluminum composite Panels (ACP) and Metal Composite Material (MCM) Panels brand owned by Mulk Holdings International. The company has emerged as The World’s Largest ACP and MCM Brand with a twenty five million square meters of manufacturing and processing capacity from its various facilities in Europe, UAE, Turkey and India.

3A Composites

3A Composites develops, manufac-tures and markets high-quality aluminium composite panels, structural composite materials, plastic sheets and lightweight foam boards.

Segmentation Overview:

By type, PVDF segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment Commercial building, with a market share of 47.16% in 2022.

Key Companies in the global Aluminum Composite Panel (ACP) market covered in Chapter 3:

Aludecor
Shanghai Huayuan New Composite Materials Co. Ltd.
Mitsubishi Plastics
Viva
Interplast
Mulford Plastics
Virgo Group
Alcoa Architectural Products
Alubond USA.
Alstone
Eurobond
Guangzhou Xinghe ACP
3A Composites
Wonder Alu Board
Alucoworld
Alstrong Enterprises India
Yaret Industrial Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Aluminum Composite Panel (ACP) market from 2018 to 2029 is primarily split into:

PE
PVDF
Other Top Coatings

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Aluminum Composite Panel (ACP) market from 2018 to 2029 covers:

Commercial building
Residential building
Automotive
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)