HOME Research Insight New Product Launches, Acquisitions, and Expansion & Investments in the Aluminum Composite Panels Market

New Product Launches, Acquisitions, and Expansion & Investments in the Aluminum Composite Panels Market

Aluminum composite panel is a type of composite material, consisting of two aluminum alloy sheets attached to a thermoplastic polyethylene (PE), which is a fire-resistant metal core. It has superior mechanical properties; it is lightweight, durable, impact resistant, and can be easily cut, curved, and shaped as required. This panel is available in a variety of colors that allow architects and designers to create innovative designs for modern architectural purposes such as exterior cladding and interior decoration. MarketsandMarkets projects that the aluminum composite panels market size will grow from USD 1.22 Billion in 2015 to USD 1.77 Billion by 2021, at a compound annual growth rate (CAGR) of 6.58% from 2016 to 2021. The increase in demand for aluminum composites panels from building & construction sector is driving the growth of the aluminum composite panels market.

The key players in the aluminum composite panels market are Alcoa Inc. (U.S.), Yaret Industrial Group (China), American Building Technology (U.S.), Alumax Industrial Co., Ltd. (Taiwan), Shanghai Huayuan New Composite Materials Co., Ltd. (China), Changshu Kaidi Decoration Material Co., Ltd. (China), Guangzhou Xinghe ACP Co, Ltd. (China), Jyi Shyang Industrial Co., Ltd. (Taiwan), Mitsubishi Plastics, Inc. (Japan), and Msenco Metal Co., Ltd. (China). These players have adopted various strategies to expand their global presence and increase their market share. New product launches, acquisitions, and expansions & investments are some of the major strategies adopted by the market players to achieve growth in the aluminum composite panels market.

The growth of the aluminum composite panels market was largely influenced by new product launches, acquisitions, and expansion & investments in the past three years. The year 2014 experienced a large number of expansions and investments by the top players in the market. New product launches led to considerable revenue generation by the companies. Most of the players in the market hold long-term contracts with their clients for the supply of aluminum composite panels. Acquisitions formed one of the key strategies adopted by companies in the past three years to gain considerable market share and focus on the core operations of the business. Considerable investments were made in technology upgradations and servicing facilities across developed and emerging markets.

Guangzhou Xinghe ACP Co, Ltd. (China) is one of the largest manufacturer of aluminum composite panel in the China. The company is involved in providing international home improvement and building materials to the building & construction industry, through their product, aluminum composite panel, which is extensively used for wall cladding. In June 2014, Guangzhou Xinghe ACP Co, Ltd. launched a new product line that included various aluminum composite products namely exterior wall material, fireproof aluminum composite panels, mirror aluminum composite panel, and wall plastic panels. This was launched with the aim to strengthen the company’s product portfolio by providing the wide range of products to their customers. The company operates globally with its broad range of product portfolio and is focused on establishing its operations globally.

Alcoa, Inc. (U.S.) is a leading manufacturer and supplier of bauxite, alumina, and aluminum products. The company is engaged in mining and production of bauxite, titanium, nickel, and aluminum products. It also provides artificial aluminum truck wheels in transportation products and aluminum curtain walls with blast proof & hurricane resistant feature for entrances in building and construction markets, and aluminum extrusions for trains, buildings, and industrial applications. It focuses on achieving a premium position in the market by strategic acquisitions with Firth Rixson Limited (U.K.). The acquisition was aimed at enabling the company to increase its offerings, made of nickel-based super alloys, titanium, stainless steel, and advanced aluminum alloys. These acquisitions have supported the company’s strategic objective of generating profitable growth in the aluminum composite panels market.

Related Reports:

Aluminum Composite Panels Market by Coating Base (PE & PVDF), Type (Fire-resistant, Anti-bacterial, Anti-static), Application (Building & Construction, Advertising Boards, and Transportation), Composition, and Region - Global Forecast to 2021

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