The global Aluminum Composite Panel production and market can be divided into three major markets: China, Europe, and the United States. The production process of the Aluminum Composite Panel has been developed for half a century. The technology is already very mature. China's cheap materials and high level of automation make it very competitive in the global market. Manufacturers in many other regions such as Japan, the United States, the European Union, and Taiwan have moved their factories to China. Therefore, there should be more Aluminum Composite Panel Manufacturers in China.
Statistics show that the output of China's aluminum composite panel industry has shown a growth trend from 2015 to 2019, with a growth rate of 4%-13%. In the first quarter of 2020, affected by the economic environment, China's aluminum composite panel industry has a low operating rate The output of the industry is showing a downward trend. In 2018, the output of China's aluminum composite panel industry was 347 million square meters. In 2019, the output of China's aluminum composite panel industry was 375 million square meters, a year-on-year increase of 8.1%. Therefore, products such as Aluminum Solid Panel are still very marketable in China.