October 23, 2023 09:53 ET | Source: Research and Markets Research and Markets
Dublin, Oct. 23, 2023 (GLOBE NEWSWIRE) -- The "Aluminum Cladding Panels Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering. 3d Acp Sheet
The global aluminum cladding panels market is poised for continued growth, with projections indicating an increase from $6.40 billion in 2022 to $6.68 billion in 2023, at a compound annual growth rate (CAGR) of 4.30%. Furthermore, the market is expected to reach $7.99 billion by 2027, with a CAGR of 4.59%.
Leading players in the aluminum cladding panels market, including Mulch Holdings, Arconic Corporation, and Mitsubishi Aluminum Co. Ltd., are at the forefront of this upward trajectory.
Aluminum cladding panels are a construction material comprising aluminum sheets bonded to a polyethylene core. They have become a popular choice in the construction industry for their lightweight and durable attributes, serving as an alternative to traditional materials like concrete, brick, and stone.
Key segments within the aluminum cladding panels market include solid aluminum panels and aluminum composite panels. Solid aluminum panels are composed entirely of aluminum, without any core material, and are available in various thicknesses for diverse applications, including building curtain walls and interior decoration for residential and non-residential end-users.
Product launches have emerged as a significant trend in the aluminum cladding panel market, with companies like Sculptform introducing innovative solutions. For example, Sculptform launched aluminum click-on battens for aluminum cladding panels, offering an efficient "click-on" installation method for a range of design requirements.
In a strategic move, Novelis Inc., a US-based aluminum and copper manufacturing company, acquired Aleris Corporation for $2.8 billion in April 2020. This acquisition strengthened Novelis' position in the global aluminum industry, expanded its product portfolio in the automotive and aerospace markets, and broadened its offerings, including aluminum cladding panels.
Asia-Pacific dominated the aluminum cladding panels market in 2022, with robust construction activities driving demand for these lightweight and durable building materials.
The aluminum cladding panels market encompasses various products such as solid aluminum panels, aluminum perforated panels, and aluminum composite panels. Market values represent 'factory gate' values, reflecting the goods' value sold by manufacturers or creators to downstream entities, wholesalers, distributors, retailers, or end customers. This includes related services offered by creators of the goods.
Key Topics Covered: 1. Executive Summary 2. Aluminum Cladding Panels Market Characteristics 3. Aluminum Cladding Panels Market Trends And Strategies 4. Aluminum Cladding Panels Market - Macro Economic Scenario 4.1. COVID-19 Impact On Aluminum Cladding Panels Market 4.2. Ukraine-Russia War Impact On Aluminum Cladding Panels Market 4.3. Impact Of High Inflation On Aluminum Cladding Panels Market 5. Aluminum Cladding Panels Market Size And Growth 5.1. Global Aluminum Cladding Panels Historic Market, 2017-2022, $ Billion 5.1.1. Drivers Of The Market 5.1.2. Restraints On The Market 5.2. Global Aluminum Cladding Panels Forecast Market, 2022-2027F, 2032F, $ Billion 5.2.1. Drivers Of The Market 5.2.2. Restraints On the Market 6. Aluminum Cladding Panels Market Segmentation 6.1. Global Aluminum Cladding Panels Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
6.2. Global Aluminum Cladding Panels Market, Segmentation By Thickness, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion 3mm 4mm 6mm 6.3. Global Aluminum Cladding Panels Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
6.4. Global Aluminum Cladding Panels Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7. Aluminum Cladding Panels Market Regional And Country Analysis 7.1. Global Aluminum Cladding Panels Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion 7.2. Global Aluminum Cladding Panels Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/8cfnt8
4x8 Composite Exterior Siding Panels About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.