Product Type (Aluminum Composite Panels, Solid Aluminum Panels, Honeycomb Panels)
Aluminum composite panels segment is projected to account for aluminum cladding market share of more than 65% by the end of 2037, owing to its high usage in architectural claddings, facades, and interior designing for ceiling panels, partitions, and decorative signage. Outdoor advertising one of the oldest and most effective ways of marketing, significantly contributes to the sales of aluminum composite panels. These panels integrated with digital technologies are used to display ads on billboards, hoardings, and advanced posters.
Research Nester's study reveals that out-of-home advertising methods are 38% to 68% attractive, while digital billboards are 46% to 84% effective. In 2021, more than 350,000 billboards were installed around the U.S.’s busiest highways, streets, and rural roads. These statistics underscore that the rise in outdoor/out-of-home advertising is set to positively influence the sales of aluminum composite panels.
Sheet Type (Non-fire-rated ACP Sheet, Fire-rated Grade)
In aluminum cladding market, non-fire-rated ACP sheet segment is expected to hold revenue share of over 57.5% by the end of 2037. The low cost of non-fire-rated ACP sheets compared to fire-rated variants is increasing their use in budget-conscious construction projects. The ongoing advancements in manufacturing and material technologies are improving the performance of non-fire-rated ACP sheets. Advanced coatings and surface treatments are enhancing their resistance to UV degradation, corrosion, and other environmental factors. Thus, advanced non-fire-rated ACP sheets are finding high applications in commercial and residential buildings to enhance their aesthetics and functionalities.
Our in-depth analysis of the global aluminum cladding market includes the following segments:
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Author Credits: Shweta Patidar
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