Metal Composite Panel: Introduction

  • Metal composite panels are two sheets of corrosion resistant metals that are permanently bonded to an extruded thermoplastic or fire retardant thermoplastic. Metal panels are bonded under precise temperature, pressure, and tension. This process results in a metal/plastic composite with better physical characteristics than solid metal sheet of the same thickness. Metal composite panel can be cut, curved, routed, rolled, and adjoined into various geometrical shapes and designs. Metal composite panels are used in a wide range of architectural applications across the globe.
  • Rise in demand for high-performance aluminum composite panels owing to the standardization in the building & construction industry has led to the growth of the market. Aluminum composite panels provides advantages such as optimal fire, chemical and weather resistance features. This is a key factor influencing the metal composite panel market.

Key Drivers and Restraints of Global Metal Composite Panel Market

  • Metal composite panels are used for exterior cladding due to their high quality, rigidness, attractiveness, and smooth finish. These panels are easy to maintain and offer superior finish for a longer period of time with minimum maintenance. Metal composite panels can be made from the following metals: aluminum, zinc, copper, stainless steel, and titanium. Aluminum and steel composite panels can be coated with various colors to provide the desired look to match the esthetics of the building design.
  • Metal composite panels are extensively used as exterior cladding in buildings due to their superior finish. Superior finish and affordability makes metal composite panel an ideal material for external applications. The material is also used for interior decoration due to its ability to be cut, rolled, and adjoined in different shapes.
  • Rise in demand for metal composite panel as external cladding and its extensive usage in commercial spaces are expected to boost the metal composite panel market. This is prompting companies to increase production of these panels. Additionally, easy availability of raw materials is anticipated to boost the demand for metal composite panels in the near future.
  • Technological advancements in the global metal composite panel market are increasing. Companies are constantly striving to develop new and better ways to manufacture these panels. Development of new manufacturing processes of metal composite panel and rise in applications are estimated to propel the market. However, volatility in prices of raw materials is projected to hamper the market.

Metal Composite Panel: Application Segment

  • Based on application, the metal composite panel market can be divided into commercial, residential, and industrial
  • The commercial segment dominates the market due to the extensive usage of metal composite panels as external cladding in commercial buildings across the globe

COVID-19 Impact on Metal Composite Panel Market

  • On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.
  • Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
  • Metal composite panels are majorly used in the construction industry. However, the construction industry has been severely affected throughout the world due to the pandemic. Manpower shortage, logistical restrictions, material unavailability, and other restrictions have slowed the growth of the industry significantly. This is hampering the global metal composite panel market.

North America to Dominate Metal Composite Panel Market

  • In terms of region, the global metal composite panel market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America is anticipated to constitute major share of the market during the forecast period. The metal composite panel market in Asia Pacific is estimated to expand at a significant pace due to the rise in demand for these panels in commercial applications. Middle East & Africa is likely to be an attractive region of the metal composite panel market during the forecast period owing to the increase in demand for these panels in residential construction in the region.

Key Manufacturers Operating in Global Metal Composite Panel Market

The global metal composite panel market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the global metal composite panel market include:

  • Living Nature
  • DK Metals, Ltd.
  • Jamestown Metals Limited
  • CEI Materials
  • Fairfield Metal LLC.
  • ARCAT, Inc.
  • ALPOLIC Materials

Global Metal Composite Panel Market: Research Scope

Global Metal Composite Panel Market, by Application

  • Commercial
  • Residential
  • Industrial

Global Metal Composite Panel Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Disclaimer: This ongoing market research study is a meticulously planned activity where a broad array of factors and aspects that shape the marketing environment and industry are taken into account. However, keeping in mind the constantly changing nature of business dynamics and changing strategic intents, we are always actively making iterations and modifications in our approaches. As always, we are ready to tailor our insights and guidance to suit your requirements. Engage with us to know what more is there for your CXOs.

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Metal Composite Panel Market