Aluminum Cladding Panels Market Statistics, Facts, Regional Trends & Growth 2031
WILMINGTON, DE, UNITED STATES, October 25, 2024 /EINPresswire.com/ — Rise of the commercial and residential real estate industry, recovery in the construction industry, and surge in spending on home remodeling drive the growth of the global aluminum cladding panels market. However, rise in construction activities of green buildings and industrial expansion in emerging countries are expected to present new opportunities in the coming years.
The global aluminum cladding panels market generated $5.84 billion in 2020, and is estimated to generate $9.70 billion by 2030, witnessing a CAGR of 5.2% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
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The report offers detailed segmentation of the global aluminum cladding panels market based on type, size, application, end-user, and region.
Based on type, the aluminum composite panels segment held the highest share in 2020, accounting for nearly half of the total share, and is estimated to continue its lead position during the forecast period. However, the architectural cladding segment is projected to witness the highest CAGR of 6.2% from 2021 to 2030.
Based on end user, the non-residential segment held the highest share in 2020, contributing to nearly three-fourths of the global aluminum cladding panels market, and is projected to maintain its dominant share in terms of revenue during the forecast period. However, the residential segment is expected to register the largest CAGR of 5.7% from 2021 to 2030.
Based on region, Asia-Pacific accounted for the highest share in 2020, contributing to more than two-fifths of the total share, and is projected to continue its leadership status by 2030. Moreover, this segment is expected to portray the fastest CAGR of 6.2% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.
In 2021, Asia-Pacific dominated the global aluminum cladding panels market, in terms of revenue, followed by LAMEA and Europe. Moreover, the market in Asia-Pacific is anticipated to grow with the highest CAGR, owing to rise in the construction of commercial buildings in the region.
Furthermore, key players included in the aluminum cladding panels market analysis, offer a wide range of aluminum cladding panels to suit all kinds of needs. For instance, ALUBOND U.S.A., offers fire-rated aluminum composite panels. Viva Aluminum Composite Panel, offers 3mm, 4mm, and 6mm aluminum cladding panels for interior and exterior panels.
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Top Players:
Leading players of the global aluminum cladding panels market analyzed in the research include 3A Composites, Alubond U.S.A, Alumax Industrial Co., Ltd., Alucoil, Arconic Corporation, Aluminium Specialties Group Pvt Ltd., Jyi Shyang Industrial Co. Ltd., CSP Architectural, HVG, Mitsubishi Chemical Corporation, Mbond Manufacturer Sdn Bhd, and others.
Key Findings Of The Study:
The report provides an extensive analysis of the current and emerging aluminum cladding panels market trends and dynamics.
Depending on the type, the aluminum composite panels segment dominated the aluminum cladding panels market, in terms of revenue in 2021.
By thickness, the 4mm segment accounted for the highest market share in 2021.
By application, the exterior segment dominated the aluminum cladding panels market, in terms of revenue in 2021.
Depending on the sales, the new construction segment dominated the market share in 2021.
By end user, the residential segment is expected to grow with the higher CAGR.
Aluminum cladding panels market share for Asia-Pacific is projected to register the highest growth rate in the coming years.
The key players within the aluminum cladding panels market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the aluminum cladding panels industry.
The report provides an extensive analysis of the current trends and emerging aluminum cladding panels market opportunity in the market.
In-depth aluminum cladding panels market forecast is conducted by constructing estimations for the key segments between 2022 and 2031.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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