Alusion Panels Market Size (2023 - 2030)

The global Alusion Panels Market is estimated to be worth USD 6.3 Million in 2022 and is projected to reach a value of USD 9.03 Million by 2030, growing at a CAGR of 4.6% during the forecast period 2023-2030.

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Alusion is constructed of aluminium foam that has been stabilised. It is manufactured as continuous flat sheets, resulting in robust, lightweight panels with the appearance of a metallic sponge and nearly endless design and architectural uses. Alusion Architectural Stabilised Aluminium Foam is made by pumping air into molten aluminium that has been mixed with a thin dispersion of ceramic particles. These particles help to keep the air bubbles stable. This composite material is made of an aluminium alloy with tiny ceramic particles. It is completely recyclable and contains up to 100% recycled material. Small, Medium, and Large are the standard sizes. Thicknesses of 12.7 mm, 25.4 mm, and 43.2 mm are the most common types available. The standard sheet size is 2440 mm x 1220 mm. Alusion panels are generally preferred because of properties like non-combustibility, versatility, durability, corrosion resistant property, flexibility, environment friendly, easy installation, low maintenance costs, weather resistance, etc. Alusion has a wide range of applications in exterior wall cladding, interior wall cladding, highway or road acoustical barriers, high-performance surface solutions with aluminium foam as a backing, ceiling tiles, restaurants and bars, offices and residential apartment buildings, etc. Because of the wide range of applications and properties, the industry has seen significant growth in its use in infrastructure and is projected to gain more demand over the coming years.

Global Alusion Panels Market Drivers:

The rising demand for Alusion Panels is because of the Superior Properties it possesses fuelling market growth

Alusion panels are known for their light weight, stiffness, corrosion resistance, and aesthetic appeal. Secondly, they are recyclable making them promote sustainability which helps in driving the market growth. Furthermore, it is cost-effective, highly resistant to wind loads, shock absorbent, produced using 50% post-industrial aluminium and exhibits vibration damping. All these properties make allusion panels a suitable choice to be used in industries thereby increasing the revenue.

The expansion of the industrial sector and the construction sector is boosting market growth

The rapidly increasing demand for the abundant aluminium base metal, especially in China has been propelling the growth of the global aluminum sector thus augmenting the allusion panel’s growth. China owns the majority of its industries in the Asia-Pacific region therefore, many of these businesses are growing and changing rapidly. Construction, packaging, transportation, and electrical are a few of the industry verticals in China that heavily use aluminum in the industry. Additionally, the rising government expenditure on the research and development sector is boosting market growth thus creating lucrative opportunities in the allusion panels market.

Global Alusion Panels Market Challenges:

Many times, the cost can be high and the quality of the panels would be not up to the mark. Since this is a new product, it becomes difficult to understand its properties, structure, and morphology. A limited number of companies manufacture Alusion Panels and this can lower the demand significantly. Furthermore, being an innovation, it can be rejected by a majority because of the confined knowledge available.

Global Alusion Panels Market Opportunities:

Alusion is being implemented for architectural uses owing to its versatility and design. Because of its sound-absorbing characteristics, it is perfect for applications that require both sound absorption and aesthetics. Because it resembles a metallic sponge, it is known to give a unique modern look. Innovations are being created to make it more pleasing for décor purposes. In the coming years, a larger percentage of the population is expected to shift to allusion panels taking into account their properties and acoustics.

COVID-19 Impact on the Global Alusion Panels Market:

COVID-19 has spread to almost all the countries around the globe with the World Health Organization declaring it a public health emergency in 2020. Some of the major economies that suffered vastly from the COVID-19 crisis include France, Germany, Italy, the UK, Spain, and Norway. Several transport limitations were implemented due to the COVID-19 pandemic, which resulted in reduced industrial production and disrupted supply chains. Thus, affecting global economic growth by a substantial proportion and severely impacting market growth. The COVID-19 pandemic is constantly causing significant uncertainty in the market. The fall in the GDP of the countries and the slowdown in the manufacturing sector have further reduced the activities for aluminum production. Mining activities of bauxite ore have been put on hold. The demand for semi-finished products from consumers is declining due to a shortage of workers in the manufacturing sectors as well as a fall in demand from the aerospace and automotive industries. However, foil and can producers are exhibiting positive growth due to the rise in consumption of packaged food. The pandemic caused an economic slowdown in many industries. Movement restrictions, lockdowns, and social distancing hindered the supply chain, the opening of stores and shops, and manufacturing and production units. This resulted in a decline in overall commercial activities reducing the demand for allusion panels. However, post-pandemic, the industry started to pick up and saw a considerable growth rise.

ALUSION PANELS MARKET REPORT COVERAGE:

SEGMENTATION ANALYSIS

Global Alusion Panels Market Segmentation: By Application

• Interior Design

• Exterior Claddings

• Ceilings and Suspended Panels

• Retail Spaces

• Others

Based on architectural application, interior designing is the most popular art which uses alusion panels thereby holding a large share of the global alusion panels market. This is owing to the features, aesthetics, and design properties that attract customers. The exterior cladding segment is the fastest growing owing to the properties of being lightly weighted and weather resistant.

Global Alusion Panels Market Segmentation: By Shapes

• Square Panels

• Rectangular Panels

• Custom shaped Panels

• Others

There have been a lot of innovations and creativity to design different and unique shapes for one’s needs. The popularity and shares for shapes differ from region to region based on an individual’s needs and demands for the infrastructure.

Global Alusion Panels Market Segmentation: By Region

• North America

• Europe

• Asia-Pacific

• South America

• Middle East & Africa

Asia Pacific dominates the Global Alusion Panels Market because of the extensive use of Aluminium in architecture, recycling, urbanisation, rising scope for architects, etc. China is among the top leading countries. North America is one of the fastest growing regions due to innovations and companies which are prioritising Alusion Panels as the main product. Canada and USA are among the top leading companies owing to factors such as rapid and vast industrialization, rapid and vast urbanization, increased investment and activity in the construction of buildings and infrastructure, and expansion in the automotive industry.

Global Alusion Panels Market Key Players:

1. Cymat Technologies

2. ACM Panels

3. Sound Solutions Inc.

4. Quan Stone

5. Synstone International Inc.

6. Concord Aluminium Ltd.

7. Marble Co