Aluminum Cladding Panels Market by Type (Solid Aluminum Panels, Aluminum Composite Panels, and Architectural Cladding), Size (3mm, 4mm, and 6mm), Application (Exterior and Interior), Sales (New Construction, and Replacement), and End User (Residential and Non-residential): Global Opportunity Analysis and Industry Forecast, 2021–2030

The global aluminum cladding panels market size was valued at $5,847.0 million in 2020, and is projected to reach $9,707.1 million by 2030, registering a CAGR of 5.2% from 2021 to 2030. Aluminum cladding panels are used as coverings on the exterior of buildings to enhance its 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 better appearance to the buildings along with the environmental protection. The demand for these materials in cladding panels is on an increase as the aluminum panels provide good fire resistance.

The COVID 19 outbreak has affected the growth of the aluminum cladding panels industry owing to the lockdown measure in the countries and delay in manufacturing and production of aluminum cladding panels which are utilized in residential, and non-residential sector.

Rise in construction activities across the globe and increase in demand for high appealing designs for buildings are expected to fuel the aluminum cladding panels market growth. Aluminum cladding panels are presently being used in the residential and commercial projects. Increase in urbanization and rise in industrialization result in rapid development of the economies, which boosts the demand for aluminum cladding panels. Increased urbanization is presently being witnessed in emerging countries such as China, India, and others due to exponential growth in population. Thus, fast-paced urbanization results in increased government and consumer spending in residential and infrastructure construction, which significantly boosts the demand for aluminum cladding panels

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Various key players are installing their aluminum cladding panels products to newly construction activities. For instance, in November 2020, Valcan Corporation has installed its aluminum cladding panels at Sandy Park in Exeter which is set to open in year 2021. Hence, these construction activities are expected to utilize aluminum cladding panels for interior and exterior purpose and will boost the market growth during the forecast period.

Moreover, cladding panels help maintain the frame, structure, and exterior walls of a building; thereby, increasing its demand. However, aluminum building panels are prone to dents during hurricanes, which is anticipated to hamper the market growth. Various technological advancements and rise in awareness regarding protection of buildings are expected to provide lucrative opportunities for the aluminum cladding panels market share.

The novel coronavirus has rapidly spread across various countries and regions, causing enormous impact on lives of people and overall community. Originating as a crisis to human health, it now poses significant threat to worldwide trade, economy, and finance. The COVID-19 pandemic has halted production of many items in the aluminum cladding panels business due to the continuous lockdown in key global countries.

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Aluminum cladding panels market players can afford a complete lockdown only for a limited period, after which they would have to alter their investment plans. Furthermore, number of COVID-19 cases are expected to reduce in the near term as vaccine for COVID-19 has been introduced in the market. This is further expected to lead to re-initiation of aluminum cladding panels companies at their full-scale capacities, which would aid the market to recover by the start of 2022. After COVID-19 infection instances start to decline, equipment and machinery producers must focus on protecting their staff, operations, and supply networks to respond to urgent emergencies and establish new methods of working.

In addition, aluminum cladding panels are commonly employed in modern buildings and warehouses with a variety of architectural designs to improve the appearance of the structures while also protecting the environment. Aluminum panels have strong fire resistance, thus, there is an increase in the demand for these materials in cladding panels in constructing warehouses. Hence, rise in non-residential sector has provided positive impact in the market.

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The aluminum cladding panels market is segmented on the basis of type, size, application, end-user, and region. By type, the market is divided into solid aluminum panels, aluminum composite panels, architectural cladding. By size, it is divided into 3mm, 4mm, 6mm. By application, it is divided into exterior and interior. By sales, it is divided into new construction and replacement. By end user it is divided into residential and non-residential. Region wise, the market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, New Zealand, Australia, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Competition Analysis

Key companies profiled in the report include 3A Composites, Alubond U.S.A, Alucoil, Alumax Industrial Co., Ltd., Aluminium Specialties Group Pvt Ltd., Arconic Corporation, CSP Architectural, HVG, Jyi Shyang Industrial Co. Ltd., Mbond Manufacturer Sdn Bhd, Mitsubishi Chemical Corporation, Shandong Jiyu Building Materials Co. Ltd., Valcan, VitraGroup, Yaret Industrial Group Co. Ltd.

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Key Benefits For Stakeholders

• The report provides an extensive analysis of the current and emerging aluminum cladding panels market trends and dynamics.  
• In-depth emerging aluminum cladding panels market analysis is conducted by constructing market estimations for key market segments between 2020 and 2030. 
• Extensive analysis of the emerging market is conducted by following key product positioning and monitoring of top competitors within the market framework.
• A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
• The global emerging aluminum cladding panels market forecast analysis from 2021 to 2030 is included in the report.
• The key players within emerging are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the emerging aluminum cladding panels industry. 

 Key Market Segments & Key Market Players