Aluminum Composite Panels Industry Competition Analysis, and Companies involved.

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The aluminum composite panels market is likely to gain momentum from the rising popularity of out-of-home (OOH) or outdoor advertising worldwide. Such type of advertising is mainly used by the industry

The aluminum composite panels market is likely to gain momentum from the rising popularity of out-of-home (OOH) or outdoor advertising worldwide. Such type of advertising is mainly used by the industry giants operating in several sectors, namely, e-commerce, hospitality, BFSI, and FMCG as it is cost-effective in nature. This information is published by Fortune Business Insights™ in a recent report, ” The report further mentions that the aluminum composite panels market size was USD 5,334.30 million in 2018 and is projected to reach USD 8,710.53 million by 2026, exhibiting a CAGR of 6.1% during the forecast period.

Fortune Business Insights™ lists out all the companies operating in the ACP market. They are as follows:

  • 3A Composites GmbH 
  • Arconic
  • Mitsubishi Chemical Corporation
  • Hyundai Alcomax Co., Ltd.
  • Fairfield Metal LLC
  • Jyi Shyang Industrial Co., Ltd.
  • Alumax Industrial Co., Ltd.

 

Competitive Landscape-

Key Players Aim to Extend Product Portfolio through Mergers Acquisitions 

The market consists of many companies that are currently focusing on the strategy of acquisitions and mergers for expanding their range of products and boosting sales in the market. Below is a key industry development:

  • July 2017: Fairview Architectural acquired the Stryum business. The latter’s product portfolio consists of a wide range of premium quality plate aluminium façade panels that would complement the former’s pre-existing portfolio of cladding solutions including high density terracotta tile, natural stone, and fibre cement. One of the major products of the company is Vitracore G2, its best-selling non-combustible ACP.

Information Source:

https://www.fortunebusinessinsights.com/aluminum-composite-panels-market-102304  

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