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 2028.
Request for a Premium Sample Report @ https://www.alliedmarketresearch.com/request-sample/11684
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 application 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 limit the Asia-Pacific aluminum cladding panels market growth.
In 2019, based on thickness, the 4mm segment dominated the Asia-Pacific aluminum cladding panels industry, in terms of revenue, accounting for largest share of the Asia-Pacific aluminum cladding panels industry, followed by 6mm and 3mm. Moreover, the market in Asia-Pacific is growing with high CAGR, owing to the urbanization and economic development in the developing countries such as India, China, and others.
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.
Request for Custom Report @ https://www.alliedmarketresearch.com/request-for-customization/11684
Key Market Segments
The Asia-Pacific aluminum cladding panels market is segmented on the basis of thickness, application, and end user.
- On the basis of thickness, the Asia-Pacific aluminum cladding panels market is segmented into 3mm, 4mm, 6mm, and others.
- By application, it is classified into exterior and interior.
- End-user segmentation includes residential and commercial & industrial.
- Country-wise, the Asia-Pacific aluminum cladding panels industry is analyzed across China, Taiwan, Australia, Singapore, Vietnam, Thailand, Indonesia, and rest of Asia-Pacific. Vietnam poses a potential market for the Asia-Pacific aluminum cladding panels market, owing to rapid growth in the infrastructure sector.
The key players profiled in the market report include Almaxco, ALPOLIC, Alstone, Alstrong Enterprises India Pvt. Limited, Euramax, Likeair Architectural Pty Ltd., Sevenbond, Shanghai Aludream Building Material Co., Ltd, Shanghai Jixiang Technology Group, and Valcan Limited.
Speak to Our Expert Analyst @ https://www.alliedmarketresearch.com/connect-to-analyst/11684
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.