Alusion Panels Market Revenue, Opportunity, Segment and Key Trends 2020-2030

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Alusion Panels: Introduction

• Alusion is a stabilized aluminum foam, which is specified based on its esthetic value for facades, ceilings, interior walls, displays, signage, lighting, and furniture
• Demand for lightweight materials is high across the globe, as they help lower weight. Lightweight materials are used in various industries such as automotive and aerospace. Aluminum foam is a recyclable material. It is also a lightweight material, which is nontoxic and absorbs vibrations and shocks.

Key Drivers of Global Alusion Panels Market

• The global Alusion panels market is expected to expand significantly due to increase in demand for these panels in building and architecture structures
• It is used for facades, ceiling tiles or dropped ceilings, wall cladding, restaurants, bars, offices, apartment buildings, showroom displays, terrazzo flooring, lighting fixtures, and signage. Alusion aluminum foam creates strong yet lightweight panels.  
• Alusion foams possess good mechanical and thermal properties. Therefore, they are used significantly in various engineering applications. Increase in regulations on the use of polymers and other synthetic materials is expected to drive the demand for recyclable materials. Alusion panels are mostly recyclable products. Hence, demand for Alusion panels is rising in various applications.

Restraint of Global Alusion Panels Market

• High raw material procurement and production cost is considered a major restraint of the global Alusion panels market. Availability of low-cost materials and alternatives such as polymers, composites, and ceramic materials, and types of aluminum foam can also hamper the market.

Ceilings Application Segment to Expand at Significant Pace

• Based on application, the ceiling segment is projected to expand at a rapid pace owing to the high demand for Alusion panels to produce ceilings of various architectures and buildings
• Manufacture of Alusion panels primarily depends on application requirements for insulation and mechanical strength. Alusion panel is a versatile material with various designs and architectural applications. It offers unique appearance and absorbing properties. Thus, it is ideal for applications requiring sound absorption and beauty.

Asia Pacific to Hold Significant Share of Global Alusion Panels Market

• In terms of region, the global Alusion panels market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• Asia Pacific is a major consumer of Alusion panels across the globe. The market in the region is likely to expand at a significant pace, owing the significant growth of the construction sector in Asia Pacific.
• North America and Europe followed Asia Pacific in terms of demand for Alusion panels. Europe and North America are witnessing technology advancements and innovation in production processes. This is boosting the production of Alusion panels in these regions. Rise in usage of Alusion panels in buildings and other infrastructure is expected to propel the Alusion panels market in the near future.
• Demand for Alusion panels is estimated to increase in Latin America in the near future, owing to significant expansion of the construction industry in the region                                                                                                                                                                  

Key Players Operating in the Market

• High initial capital investments are estimated to hamper the entry of new players in the market. The Alusion panels market is driven by mergers and acquisitions.
• Cymat Technologies uses stabilized aluminum foam marked under the trade name of Alusion to make lightweight aluminum panels