Rise in construction activities across the globe and increase in demand for high appealing designs for buildings are expected to drive the market.
PORTLAND, OR, UNITED STATES, September 13, 2021 /EINPresswire.com/ — 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 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.
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The commonly observed types of aluminum cladding panels based on thickness are 3 mm, 4 mm, and 6 mm. The market is analyzed with respect to different end users provided, such as residential and non-residential. The market is mainly driven by economic growth, and development in residential, & commercial construction sectors across the globe.
Key Market Players
Alumax Industrial Co., Ltd.
Aluminium Specialties Group Pvt Ltd.
Jyi Shyang Industrial Co. Ltd.
Mbond Manufacturer Sdn Bhd
Mitsubishi Chemical Corporation
Shandong Jiyu Building Materials Co. Ltd.
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Key Market Segments
Solid aluminum Panels
Aluminum Composite Panels
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Source: EIN Presswire