India is an evolving market in construction and infrastructure development. The best player that has changed the dynamics in this ever-expanding landscape is the Aluminium Composite Panel (ACP) market.
To this date, the Aluminium Composite Panel market in India has witnessed impressive growth in 2023. Prediction states that the market will reach $10.23 billion by 2025 with a steady increase with a Compound Annual Growth Rate (CAGR) of 7.0% from 2020 to 2025. This growth is due to the features aluminium composite panels offer low thickness, high insulation, and fire protection, making it the best choice in the construction sector and for modern building structures. Today, we will study the market size of Aluminium Composite Panels in India and explore various key segments, including trends, drivers, challenges, and the geographical landscape that defines this thriving industry. Exploring the Market Dynamics of Aluminium Composite Panels in India (2023) Across India, there are 45 production plants (approximately) where the ACP sector has a market of close to 2200 crore. The experts of the ACP industry state that many branded players have lost their ground in the past five years for unethical practices and unorganised business planning. However, GST has saved the desperate need for infrastructural development, economic growth, and structured corporate methods. Before that, the market was nearing the bottom line. Gradually, the industry is finding its happy place by shifting towards organised players due to GST and following the “brand formula” to increase the supply of high-quality materials by establishing new goods. Geography - Segment Analysis In the Aluminium Composite Panel market, the Asia-Pacific (APAC) region controls over 42% of the market share.
Market Drivers Increasing Demand for Strong and Lightweight Materials in Construction and Transportation Sandwich panels minimise structural weight in transport systems like aircraft, satellites, missiles, and high-speed trains. Aluminium composites are crucial in manufacturing these panels and boosting market growth. For technical advancements in ACP sheet production, Aluminium composite panel manufacturers follow eco-friendly characteristics that drive their popularity. ACP Panels encompass safety standards like LEED and British Safety Standards that benefit the market. The high tensile strength of ACP reduces the total weight of structures, making them perfect materials for modern construction. Challenges High Price of Raw Materials Even though the ACP industry is blooming there are some challenges as well. They are:
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