MetalComposite Panel: Introduction
· Metal composite panels are two sheets of corrosion resistantmetals that are permanently bonded to an extruded thermoplastic or fireretardant thermoplastic. Metal panels are bonded under precise temperature,pressure, and tension. This process results in a metal/plastic composite withbetter physical characteristics than solid metal sheet of the same thickness.Metal composite panel can be cut, curved, routed, rolled, and adjoined intovarious geometrical shapes and designs. Metal composite panels are used in awide range of architectural applications across the globe.
· Rise in demand for high-performance aluminum composite panelsowing to the standardization in the building & construction industry hasled to the growth of the market. Aluminum composite panels provides advantagessuch as optimal fire, chemical and weather resistance features. This is a keyfactor influencing the metalcomposite panel market.
Key Drivers and Restraints of Global Metal Composite PanelMarket
· Metal composite panels are used for exterior cladding due totheir high quality, rigidness, attractiveness, and smooth finish. These panelsare easy to maintain and offer superior finish for a longer period of time withminimum maintenance. Metal composite panels can be made from the followingmetals: aluminum, zinc, copper, stainless steel, and titanium. Aluminum andsteel composite panels can be coated with various colors to provide the desiredlook to match the esthetics of the building design.
· Metal composite panels are extensively used as exterior claddingin buildings due to their superior finish. Superior finish and affordabilitymakes metal composite panel an ideal material for external applications. Thematerial 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 claddingand its extensive usage in commercial spaces are expected to boost the metalcomposite panel market. This is prompting companies to increase production ofthese panels. Additionally, easy availability of raw materials is anticipatedto boost the demand for metal composite panels in the near future.
· Technological advancements in the global metal composite panelmarket are increasing. Companies are constantly striving to develop new andbetter ways to manufacture these panels. Development of new manufacturingprocesses of metal composite panel and rise in applications are estimated topropel the market. However, volatility in prices of raw materials is projectedto hamper the market.
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Metal Composite Panel: Application Segment
· Based on application, the metal composite panel market can bedivided into commercial, residential, and industrial
· The commercial segment dominates the market due to the extensiveusage of metal composite panels as external cladding in commercial buildingsacross the globe
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COVID-19 Impact on Metal Composite Panel Market
· On January 30, 2020, the International Health RegulationsEmergency Committee of the World Health Organization (WHO) declaredthe Coronavirus disease (COVID-19) outbreak a public health emergencyof international concern. Originating in China, the virus has spread to atleast 213 countries and territories around the world.
· Several governments and private sector businesses are operatingat a limited capacity or have ceased operations completely due to recent eventssurrounding the COVID-19 pandemic
· Metal composite panels are majorly used in the constructionindustry. However, the construction industry has been severely affectedthroughout the world due to the pandemic. Manpower shortage, logisticalrestrictions, material unavailability, and other restrictions have slowed thegrowth of the industry significantly. This is hampering the global metalcomposite panel market.
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North America to Dominate Metal Composite Panel Market
· In terms of region, the global metal composite panel market canbe split into North America, Europe, Asia Pacific, Latin America, and MiddleEast & Africa
· North America is anticipated to constitute major share of themarket during the forecast period. The metal composite panel market in AsiaPacific is estimated to expand at a significant pace due to the rise in demandfor these panels in commercial applications. Middle East & Africa is likelyto be an attractive region of the metal composite panel market during theforecast period owing to the increase in demand for these panels in residentialconstruction in the region.
Key Manufacturers Operating in Global Metal Composite PanelMarket
The globalmetal composite panel market was consolidated in 2020. Major players haveprominent presence in developed and developing countries. Key manufacturersoperating 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
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