by 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.
Market Overview:
Air conditioner foil is primarily used as a protective wrapping over air conditioner coils and tubes to prevent corrosion and damage. It acts as an effective barrier between the coil and external environment. The foil is made up of aluminum or other corrosion resistant materials and provides insulation and protection from moisture, dust, chemicals etc. Preventing corrosion helps maintain the efficiency of air conditioners over longer durations. Product innovations including foil laminated with polyster films provide extra protection against humidity.
Market key trends:
Rapid urbanization and rising disposable incomes in developing economies are driving the increased sales of air conditioners. This is augmenting the demand for air conditioner foil used in their manufacturing. Moreover, the greater need for protecting air conditioner coils from corrosion in hot and humid climates also contributes to market growth. Manufacturers are developing advanced foil products that can withstand high temperatures and last longer. Strict regulations regarding energy efficiency and refrigerant gases are prompting innovations in air conditioner designs and materials used including more durable foils. Sustainable packaging solutions incorporating recyclable foils cater to the rising environmental consciousness.
Porter’s Analysis
Threat of new entrants: Low capital requirements and established brand recognition among major players pose significant barriers for new entrants in the industry.
Bargaining power of buyers: Buyers have moderate bargaining power due to the presence of various substitute products and differentiated products offered by manufacturers.
Bargaining power of suppliers: Supply of raw materials is dominated by few players, giving them higher bargaining power against buyers.
Threat of new substitutes: The threat of substitutes is moderate as products like plastic foils and paper are used as alternatives for some applications.
Competitive rivalry: The air conditioner foil market is highly competitive with major players differentiating based on specialized product portfolios, customization abilities and supply chain management.
Key Takeaways
The Global Air Conditioner Foil Market Size is expected to witness high growth, exhibiting a CAGR of 10% over the forecast period, due to increasing use in automotive and construction industries.
Regional analysis
Asia Pacific dominates the global air conditioner foil market, accounting for over 35% of revenue share in 2023, driven by increasing residential construction activities and growing automotive production in China, India and other emerging countries. 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. The global market is highly fragmented, with these key players controlling around 25-30% share.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
