With roughly 45 production plants spread across India, the ACP sector has a market of close to 2200 crore. According to ACP industry pioneers, the percentage of branded players has been declining over the past five years due to unethical tactics by unorganised category players. However, GST has created a fair playing field, which was desperately required for infrastructural development, economic growth, and structured corporate procedures. The market was nearing its bottom due to the presence of a dozen or so firms that did not have their production plant. Now that the industry is gradually shifting towards organised players due to GST, many brands will follow the “brand formula” and boost the supply of high-quality value-added materials by introducing new goods. The GST regime would bring a lot of smiles to the faces of branded ACP players, who may expect a double-digit rise in net profit.
The aluminium composite panels market is expanding rapidly due to increased industrial and commercial activity, increased demand from end-use industries, and increased popularity of anti-toxic and antibacterial panels. The benefits associated with aluminium composite panels, such as durability and reduced sound transmission; protection from UV sunlight, among others, are value-added additions. Increased urbanisation and building sector expansion have led to a surge in demand for ACP Panels notably in the Asia Pacific and South America’sAmerica’s growing countries.
ACP Market size
Between 2016 and 2026, the Aluminum Composite Panel (ACP) market is estimated to grow at a CAGR of over 6%. A flat panel made of two aluminium alloy sheets joined with a non-aluminum core to form a composite is an aluminium composite panel (ACP). It is utilised as a building cladding or facade material, insulation, and signs. Furthermore, ACPs have several uses in the automobile sector, including body paneling. The market is anticipated to be driven by rising demand for PVDF-based aluminium composite panels during the forecast years. However, the availability of less expensive alternatives is expected to stifle market expansion. Large-scale hotel investments in ASEAN countries are expected to present a potential opportunity for the sector.
Market of ACP by its application
The major application industry for aluminium composite panels is projected to be construction. The market for ACP sheets is driven by increasing architectural standardisation, which has increased the need for ACP panels to be installed in new constructions and the superior quality of durability, fire resistance, antibacterial, and weatherproof properties that ACPs provide. A rise in the use of aluminium composite panels in architecture and construction has been attributed to emerging markets, such as the Asia Pacific area. However, the high expense of restoring aluminium composite panels if they are cracked or damaged is a stumbling block for the industry.
Market of ACP Sheets by its Fire-Resistance Type
Between 2017 and 2022, the fire-resistant category is expected to develop at the fastest CAGR. The fire-resistant aluminium composite panels segment’s leading market position may be ascribed to its fire-repellent quality, which avoids fire incidents in the residential and commercial sectors. Because of its popularity in both the residential and non-residential sectors, the fire-resistant aluminium composite panel is in great demand. These panels are fire-resistant, bacteria- and microbe-resistant, dust-proof, and great for reducing static-electrical charges. In recent years, these factors have aided in the expansion of the market for aluminium composite panels.
During the predicted period, Asia Pacific will acquire the most traction
During the projection period, Asia Pacific is expected to be the fastest-growing market, followed by South America. China is the major buyer of aluminium composite panels in Asia Pacific, followed by Japan. The aluminium composite panels market is likely to be driven by China’sChina’s developing building and construction sector. Japan is predicted to lead the aluminium composite panels market in the Asia Pacific region because of its rising preference for simple and safe building materials.
About Aludecor
Aludecor Lamination Pvt. Ltd. has maintained an unwavering reputation in the market since its beginning in 2004, thanks to its unwavering dedication to quality, innovation, and client satisfaction. Aludecor is a leading and an end-to-end Indian Aluminium Composite Panel producer with cutting-edge manufacturing capabilities. As a result, the complete Aludecor product range is ”Made in India.” The production facilities in Haridwar, which cover 25000 square metres, have a combined production capacity of 5.5 million square metres per year. The firm serves prominent national and international brands such as Hyundai, KFC, Toyota, Samsung, Tanishq, Aditya Birla, Amul, Maruti, Jaguar, HDFC, and a plethora of other big names with its Pan-India presence and a 500-strong retail network encompassing more than 250 cities.
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