Refrigeration is fastest growing segment fueling growth of the Air Conditioner Foil Market

 

 Air Conditioner Foil Market

The global Air Conditioner Foil Market is estimated to be valued at US$ 5.72 Bn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

 

Air conditioner foil is used as an effective insulation and construction foil in air conditioner units. It helps improve the cooling efficiency of air conditioners by preventing heat transfer through the body of the unit. Foil is lightweight, durable and has high longevity making it suitable for construction of air conditioners.

 

Market Overview:

Air conditioner foil is a thin laminated metal sheet made of aluminum or other alloys. It acts as an insulation layer and enhances the aesthetics and durability of air conditioners. The metal sheet protects internal components and refrigerant pipes from external damage and prevents leakages.

 

Market key trends:

One of the key trends in the air conditioner foil market is the increasing demand for home and commercial refrigeration systems. Growing construction of residential and commercial buildings along with rising disposable income is driving the sales of various cooling appliances including air conditioners. This is significantly contributing to the growth of the air conditioner foil market. Furthermore, manufacturers are focusing on developing foils with improved barrier properties and recyclability to meet sustainability standards and gain market share.

Segment Analysis

The global air conditioner foil market is dominated by the aluminum foil segment owing to its wide usage in air conditioners. Aluminum foil offers high reflectivity, corrosion resistance, and ease of fabrication which makes it suitable for usage as a condensing surface inside air conditioners.

 

Key Takeaways

The Global Air Conditioner Foil Market Size is expected to witness high growth, exhibiting CAGR of 10% over the forecast period, due to increasing demand for air conditioners across both residential and commercial sectors driven by rising income levels and increasing temperatures due to climate change.

 

Regional analysis

Asia Pacific accounts for the largest share in the global air conditioner foil market currently owing to high consumption of air conditioners in countries like China and India. China dominates the regional as well as global market.

 

Key players

Key players operating in the air conditioner foil market are Henkel, KM Packaging, Bilcare Solutions, Flexifoil Packaging, Alfipa, Hydro, Symetal, Zenith Alluminium Pvt Ltd, OBEIKAN, UACJ Corporation, Norsk Hydro, JW Aluminum, Constellium, Aleris, Hulamin, Elvalhalcor, Gulf Extrusions, Alcoa, Hindalco Novelis, AMAG Austria Metall AG. Constellium and Alcoa dominate the global market due to their wide product portfolio and geographical presence.

Get More Insights Below:

https://www.newsstatix.com/air-conditioner-foil-market-size-share-growth-outlook-2023/

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