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Market research analysts at Technavio predict that the global aluminum composite panels market will grow steadily at a CAGR of over 6% in terms of volume by 2021. This market research analysis identifies the rising demand for fire-resistant aluminum composite panels as one of the primary growth factors for this market. The demand for these fire-resistant composite panels is increasing with the rise in safety consciousness among consumers, including protection from fire in buildings and other enclosed spaces. Additionally, the fire-resistant aluminum composite panels do not compromise on the other properties of a typical aluminum composite panel such as properties of moisture resistance, easy processing, high strength, and protection thereby, contributing to the growth of the market.
The growing demand for nano self-cleaning aluminum composite panels is one of the latest trends that will gain traction in the aluminum composite panels market in the coming years. Nano self-cleaning aluminum composite panels are coated with nanomaterials films that are not only resistant to harmful weather conditions but also prevent airborne pollutants. Additionally, it has been noted that the nano coated self-cleaning aluminum composite panels also retain their gloss and color for a long time as these are resilient to harmful effects of UV radiations. Furthermore, the demand for these Nano self-cleaning aluminum composite panels will rise during the forecast period as they reduce the overall maintenance costs and have a long lifespan.