The global acm panels market size was valued at USD 5.34 billion in 2018 and is expected to exhibit a CAGR of 6.4% from 2018 to 2025. Increasing application scope of lightweight acm panels in construction industry for insulation is projected to drive the market over the forecast period. These composite panels provide features, such as lower thickness, high insulation, and superior sealing, which are crucial for building structures.
In addition, ACPs offer excellent air and water barrier, flexibility, high load performance, and durability, which is expected to positively impact the market growth over the forecast period. The U.S. government has set regulations in which light-duty automobiles should achieve Corporate Average Fuel Efficiency (CAFE) standards of 54.5 mpg by 2025. The federal proposal to improve CAFE standards is thus expected to serve as a major impetus for the incorporation of lightweight materials, such as acms, into automobiles, thereby driving the market.
Sandwich panels are majorly used in design and construction of transportation systems, such as aircraft, satellites, missiles, and high speed trains, to reduce the structural weight. Acms are used for the manufacturing of sandwich panels, thereby propelling the market growth over the forecast period. Furthermore, technological advancements in manufacturing process of ACP sheets and panels are expected to have significant impact the overall market.
Growing popularity of green buildings is also projected to fuel product demand on account of eco-friendly characteristics of these materials.Several regulations and safety standards, such as LEED and British Safety Standards, govern the building and structure and also favor the incorporation of ACPs. In addition, ACPs provide high tensile strength and reduce the overall weight of the building structure, which makes them one of the potential materials for modern construction industry.
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