Aluminum Cladding Panels Global Market Report 2024

The aluminum cladding panels market has grown steadily in recent years. It will grow from $6.68 billion in 2023 to $6.97 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth observed in the historical period can be attributed to several factors, including urbanization and infrastructure development, the appeal of aluminum cladding panels due to their durability and weather resistance, their contribution to lightweight construction methods, energy efficiency benefits, ease of installation, and the recyclability and sustainability features associated with these panels.

The aluminum cladding panels market is expected to see strong growth in the next few years. It will grow to $8.47 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The anticipated growth in the forecast period can be attributed to the increasing demand for high-performance insulation, the expansion of green building initiatives, a heightened focus on weather resilience, ongoing global urban redevelopment projects, adherence to stringent building codes, and a cultural embrace of contemporary design. Key trends expected in the forecast period include the integration of digital printing technology, the adoption of modular construction and prefabrication techniques, technological advancements in coating, the incorporation of smart building features, and the influence of evolving architectural design trends.

The surge in construction activities is expected to play a pivotal role in propelling the market forward. This surge is characterized by an increase in construction work within a specific region, reflecting high demand for housing or commercial properties, available funding for construction projects, and a need for construction materials. Aluminum cladding panels are particularly favored in construction due to their lightweight nature, durability, and recyclability. For example, data from December 2022 reported by the Federal Reserve Bank of St. Louis, a US-based central bank, revealed a total spending of $131 million on commercial construction, marking an increase from $103 million in December 2021. In the residential construction sector, total spending reached $954 million in May 2022, up from $797 million in May 2021. This growth in construction activities is a significant driver for the aluminum cladding panels market.

The increasing global population is anticipated to contribute to the growth of the aluminum cladding panels market. The rising population, as reported by the French Institute for Demographic Studies (INED), is expected to reach approximately 9.7 billion by the year 2050, up from around 8 billion in 2022. As population numbers rise, there is a corresponding need for infrastructure and construction to accommodate the expanding communities. Aluminum cladding panels, with their favorable properties, become a preferred choice in construction projects associated with population growth. These panels offer advantages such as durability and lightweight construction, making them suitable for addressing the construction needs driven by an increasing population.

The aluminum cladding panel market is witnessing a prominent trend with an increasing focus on product launches. Companies in this market are actively introducing new products to maintain and strengthen their market positions. An example of this trend is evident in the actions of Sculptform, an Australia-based company specializing in interior and exterior manufacturing products. In June 2021, Sculptform launched aluminum click-on battens designed for aluminum cladding panels. This innovative product features a 'click-on' installation method, providing a versatile solution for facade cladding systems used in both residential and commercial buildings. The click-on battens come in various sizes, shapes, and colors, catering to diverse design requirements. The installation process involves fixing clips to the substrate and then effortlessly clicking the battens into place using a simple locking mechanism.

Leading companies in the aluminum cladding panel market are strategically directing their efforts toward developing inventive products, such as low-carbon aluminum cladding. This involves using aluminum materials with a reduced carbon footprint in cladding systems. A notable example is SolidAl - Condutores Eléctricos, S.A., a Portugal-based manufacturer, which introduced the 'TEGO Series' in November 2023. This innovative range of aluminum cladding is both non-combustible and low-carbon, aiming to transform the interplay between light and shadow. Crafted to engage with light, the TEGO series delivers a visually captivating and emotionally evocative experience.

In September 2022, MTL Holdings, a US-based manufacturer of building envelope solutions, successfully acquired Citadel Architectural Products for an undisclosed amount. This strategic move expands MTL Holdings' product portfolio in building envelope systems. Through the acquisition, MTL Holdings aims to implement a customer-first approach to specified products and an independent rep development strategy. Citadel Architectural Products, a US-based building panels manufacturing company, specializes in products such as metal glazing infill panels and facade panels.

Major companies operating in the aluminum cladding panels market report are Mulch Holdings Limited, Arconic Corporation, Mitsubishi Aluminum Co. Ltd., Jyi Shyang Industrial Co. Ltd., CSP Architectural, Aluminum Specialties Group Pty. Ltd., MBond Manufacturer Sdn Bhd, 3A Composites Corporation, Alucoil S.A., Fairview EU Ltd T/a Valcan, Yaret Industrial Group Co. Ltd., Schweiter Technologies AG, Multipanel Ltd., Genify Aluminum Co. Ltd., Likeair Industry Co. Ltd., Valcan Composites, Alpolic Metal Composite Materials Co. Ltd., Alucobond Inc., Unistone Panels Pvt. Ltd., Almaxco Metals Industries LLC, Seven Group Holdings Limited, Alex Panels Pty. Ltd., Alumax Panel Inc., FangDa Group Co. Ltd., Shanghai Jixiang Architectural Decorative Material Co. Ltd., Virgo Group, China Goodsense Aluminum Composite Materials Holding Group Co. Ltd., Hunan Huatian Aluminium Co. Ltd., Mulk Holdings, Reynobond.

Asia-Pacific was the largest region in the aluminum cladding panels market in 2023. The regions covered in the aluminum cladding panels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aluminum cladding panels market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of aluminum cladding panels encompass solid aluminum panels and aluminum composite panels. Solid aluminum panels are constructed entirely from aluminum without the inclusion of a core material. Available in thicknesses ranging from 3mm to 6mm, they find application in various uses, including building curtain walls and interior decoration. These applications cater to both residential and non-residential end-users.

The aluminum cladding panels market research report provides aluminum cladding panels optical components market statistics, including aluminum cladding panels optical components industry global market size, regional shares, competitors with a aluminum cladding panels optical components market share, detailed aluminum cladding panels optical components market segments, market trends and opportunities, and any further data you may need to thrive in the aluminum cladding panels optical components industry. This aluminum cladding panels optical components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The aluminum cladding panels market consists of sales of products such as solid aluminum panels, aluminum perforated panels, and aluminum composite panels. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.