Zion Market Research reports a global Aluminum Composite Material Market valued at USD 6.36 billion in 2024, expected to reach USD 10.93 billion by 2034. The market is projected to grow at a CAGR of 6.99% annually. Aluminum composite material, used in building facades and interior applications, is set to see notable growth due to its strength-to-weight ratio, flexibility, and corrosion resistance. However, environmental concerns, recycling issues, and high installation costs pose limitations to market expansion.

The Asia Pacific region is forecasted to dominate the global aluminum composite material market, driven by rapid urbanization, green building trends, and growth in the transportation sector. Europe follows as the second-leading region due to demand for sustainable buildings and strict fire safety regulations favoring fire-resistant ACM. Stringent regulations for energy-efficient buildings in Europe contribute to market growth.

Read more at GlobeNewswire: Aluminum Composite Material Market Size to Hit USD 10.93