A new report published by Transparency Market Research anticipates that the incessant rise in population with rapid urbanization have raised the demand for residential construction and infrastructure development, thereby driving the global aluminum composites panels market to a significant growth during the forecast period, i. e. , 2018-2026.
Aluminum composites panels are typically light weight composite material and consist pre-finished two aluminum sheets that are conjugated to a core made up of polyethylene plastic material. These panels are commonly used for cladding material on building to provide contemporary look. Aluminum composites panels are renowned to offer numerous advantages. These are preferred over other cladding materials such uPVC, tile, wood cladding, and stone owing to its cost-effective price.
According to the report, it has been noticed that, though these are light weight, aluminum composite panels are also strong, durable and are highly rigid. Availability of different sizes, finishes, and shape is anticipated to make customers turn their heads, this also makes them ready to use for various purposes outside as well as inside the buildings. Aluminum composites panels are unaffected by harsh weather. These properties have made aluminum composites panel a common choice in various construction activities.
The global aluminum composites panels market is classified on the basis of application, composition, and product. In terms of basis of application, the market is segmented into signage, interior, exterior, and others. Aluminum composites panels are mostly used for interior and exterior of buildings. They are also deployed for signage such as identity logos, road signs, and kiosks.
Major players operating in the global aluminum composites panels market are included in this report to give a better competitive landscape and these include Arconic Architectural Products LLC. , 3A Compositees GmbH, Alstrong India Pvt. Ltd. , and Yaret Industrial Group Co.
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