Asia-Pacific Aluminum Siding Panels Market Worth $ 3,925.2 Million By 2028 – AMR Proprietary Research Report

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Increasing construction activity in various regions of Asia Pacific and increasing demand for highly attractive designs for buildings are driving the market.

PORTLAND, OR, USA, Oct 3, 2021 /EINPresswire.com/ – Commonly seen aluminum siding panel types based on thickness are 3mm, 4mm, 6mm and others. The market is analyzed with respect to different applications in the industry verticals provided, such as industrial, commercial and residential. The market is mainly driven by economic growth and the development of the residential, commercial and industrial sectors in Asia-Pacific. However, fluctuating raw material prices are limiting the growth of the aluminum siding panels market in Asia-Pacific.

The size of the Asia-Pacific Aluminum Siding Panels market was valued at $ 2,410.5 million in 2020 and is expected to reach $ 3,925.2 million by 2028, registering a CAGR of 6.2% of 2021 to 2028.

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In 2019, on the basis of thickness, 4mm segment dominated the Asia-Pacific aluminum cladding panel industry in terms of revenue, accounting for the largest share of the panel industry. Asia-Pacific aluminum cladding, followed by 6mm and 3mm. Moreover, the market in Asia-Pacific is growing at a high CAGR, due to urbanization and economic development in developing countries such as India, China and others.

Covid-19 impact assessment

COVID-19 has already affected sales of aluminum siding panels in the last quarter of 2020 and is likely to negatively impact market growth throughout the year. Major demand for aluminum siding panels was previously hit hard by the spread of the coronavirus; thus stopping the demand for aluminum cladding panels. Additionally, disruption of supply chains is hampering the completion of the installation of aluminum siding panels in new residential and commercial buildings.

Key market players

Almaxco
ALPOLIC
Alstone
Alstrong Enterprises India Pvt. Limit
Euramax
Likeair Architectural Pty Ltd.
Sevenbond
Shanghai Aludream Building Material Co., Ltd
Shanghai Jixiang Technology Group
Valcan Limited.

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Key market segments

By thickness

3 mm
4 mm
6 mm
Others

By application

Outside
Interior

By end user

Residential
Commercial and industrial

By region

Asia Pacific
China
Taiwan
Australia
Singapore
Vietnam
Thailand
Indonesia
Rest of Asia-Pacific

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