India Aluminum Composite Panels Market Outlook

the india aluminum composite panels market is expected to witness strong growth opportunities in the period from 2018 to 2032. this is due to the government’s aggressive policies towards energy efficiency and renovation of old infrastructure, which has created a strong demand for aluminum composite panels in the country. these materials provide thermal insulation, soundproofing, thermos-insulation and hazard prevention benefits. as a result, aluminum composite panels are increasingly being used in various applications such as internal and external cladding for buildings, sign boards, facades, wall insulation and so on. easy-to-install and affordability are also factors driving the demand for this material. however, an over-dependence on imports, presence of counterfeit products, higher cost of installation, slower rate of adoption of the product and lack of awareness about its benefits pose several challenges to the growth of the india aluminum composite panels market. on the other hand, the government’s commitment to achieve energy savings through retrofitting of existing infrastructure is expected to create a huge demand for aluminum composite panels over the next few years. this is likely to be accompanied by measures such as tax waivers to boost the adoption of energy efficient construction materials. the demand is also expected to be driven by increased preference for lightweight materials in the transport sector, growing urban population and the rising awareness about energy conservation and eco-friendly building materials. the india aluminum composite panels market is also likely to benefit from the increasing trend for factory manufactured pre-finished products and lean construction techniques. rising investment in residential infrastructure and government initiatives to promote adoption of green building materials are expected to be instrumental in the growth of the india aluminum composite panels market in the coming years. key players in the market include saint gobain, jindal aluminium limited and essar steel india limited.