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According to a new report published by Allied Market Research, titled, “Asia-Pacific Aluminum Cladding Panels Market by Thickness, Application, and End User: Opportunity Analysis and Industry Forecast, 2021–2028,” the Asia-Pacific aluminum cladding panels market size was valued at $2,410.5 million in 2020, and is projected to reach $3,925.2 million by 2028, registering a CAGR of 6.2% from 2021 to 2028Download PDF Sample Report @
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The commonly observed types of aluminum cladding panels based on thickness are 3 mm, 4 mm, 6 mm, and others. The market is analyzed with respect to different applications in industrial verticals provided, such as industrial & commercial, and residential. The market is mainly driven by economic growth, and development in residential, commercial, & industrial sectors in Asia-Pacific. However, fluctuation in raw material prices limits the Asia-Pacific aluminum cladding panels market growth.
Aluminum cladding panels are used as coverings on the exterior of buildings to enhance their appearance. These panels are made up of aluminum and are used as coverings or coatings in the buildings to protect them from external damage. Aluminum cladding panels are widely used in modern buildings with different architectural designs to provide a better appearance to the buildings along with environmental protection. The demand for these materials in cladding panels is on an increase as the aluminum panels provide good fire resistance.
Covid-19 Impact Analysis
COVID-19 has already affected the sales of aluminum cladding panels in the last quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year. The major demand for aluminum cladding panels was previously badly affected by the spread of coronavirus; thereby, halting the demand for aluminum cladding panels. Further, the disruption of supply chains is causing hindrance in completing the installation of aluminum cladding panels in new residential and commercial buildings.
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Key Market Players
The key players profiled in the market report include Almaxco, ALPOLIC, Alstone, Alstrong Enterprises India Pvt. Limited, Euramax, Like air Architectural Pty Ltd., Sevenbond, Shanghai Aludream Building Material Co., Ltd, Shanghai Jixiang Technology Group, and Vulcan Limited.
Key Findings
The report provides an extensive analysis of the current and emerging Asia-Pacific aluminum cladding panels market trends and dynamics.
By thickness, the 4mm segment dominated the market, in terms of revenue in 2020 and 6mm is projected to grow at a CAGR of 7.1% during the forecast period.
By application, the exterior segment registered the highest growth in the Aluminum cladding panels market in 2020.
Based on end-user, the interior segment is projected to register the highest growth rate in the coming years.
The report provides an extensive analysis of the trends and emerging opportunities of the market.
An in-depth Asia-Pacific aluminum cladding panels market analysis is conducted by constructing estimations for the key segments between 2020 and 2028.
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Contact Info:
Name: David Correa
Email: Send Email
Organization: Allied Market Research
Address: 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States
Phone: 18007925285
Website: https://www.alliedmarketresearch.com
Release ID: 89033563
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