According to a new report by Grand View Research, Inc., the global aluminum composite panels (ACP) market is expected to reach USD 8.26 billion by 2025. This growth is driven by the rapid expansion of the construction and infrastructure industries, particularly in emerging regions.

Key Factors Driving Market Growth

1. Increased Demand for Infrastructure and Residential Construction:

   • Growth in population and urbanization
   • Increased pressure on the construction sector worldwide
   • Superior properties of ACPs, such as corrosion resistance, wear resistance, and fire protection
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2. Expanding Application Scope in the Automotive Industry:

• Significant impacts on overall industry growth
• Growth in automotive production, especially in China, Malaysia, Japan, Indonesia, and Taiwan
• Expected revenue growth of ACPs in automotive applications by nearly 8% in Asia Pacific during the forecast period
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3. Rising Use in Light Commercial Vehicles (LCVs):

   • Highest growth estimated at a CAGR of nearly 7% from 2016 to 2025
   • Increased use in the logistics and transportation industry
   • Growing application in passenger cars, including side panels, door panels, and hoods
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Further Key Findings from the Report

• Market Revenue and Growth:

  • Global aluminum composite panels revenue exceeded USD 4,000 million in 2015
  • Significant growth anticipated during the forecast years due to rising applications in the construction industry
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• Product Segment Insights:

  • PVDF was the largest product segment in 2015
  • Expected to generate revenue over USD 5,000 million by 2025
  • Attributes: resistance to wear & tear, UV, corrosion, water, and low costs
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• Construction Industry Demand:

  • Global demand in construction was over USD 4,000 million in 2015
  • Highest growth anticipated over the forecast period
  • Driven by economic & industrial growth and urbanization in emerging regions
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• Automotive Application Segment:

  • Cars segment was the largest end-use segment in 2015
  • Accounted for over 70% share of overall revenues in 2015
  • Higher production output associated with the segment
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• Regional Growth Insights:

  • Asia Pacific projected to witness substantial growth
  • Primarily due to growing infrastructure development and construction activities
  • Industry in the region slated to grow at a CAGR of 7.4% from 2016 to 2025
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