Foam core acrylic offers light weight, fire resistance, good tensile strength and durability. It is majorly used in signage, fabrication and displays. Foam core acrylic has become the material of choice for architects and builders designing exhibition stands, store interiors, shop fronts and more. The global Foam Core Acrylic Market is estimated to be valued at US$ 15 Billion in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growth of construction industry across the globe is leading to increased demand for Foam Core Acrylic sheets. There has been rapid urbanization and infrastructure development projects in emerging economies of Asia Pacific and Latin America regions. This has boosted the commercial and residential construction activities. Foam core acrylic finds wide application in interior designing, fabrication and signages for various construction projects. Moreover, foam core acrylic provides advantages like durability, lightweight and resilience against harsh weather conditions. Thus, the ongoing construction boom is anticipated to drive the Foam Core Acrylic Market during the forecast period.
Segment Analysis
The global foam core acrylic market is dominated by the signage sub-segment. Acrylic foam core panels are extensively used for signage and graphics applications such as indoor signs, outdoor signs, point of purchase displays, menu boards, and exhibits. Foam core acrylic panels offer benefits such as light weight, durability, impact and weather resistance, and can be easily formed and fabricated into versatile shapes and sizes as per signage requirements. These properties make foam core acrylic preferred material for a wide range of signage applications.
Key Takeaways
The global foam core acrylic market analysis is expected to witness high growth over the forecast period of 2024 to 2031.
North America currently captures over 30% share of the global market owing to high demand from signage, interior design, and retail industries in countries like the US and Canada. However, Asia Pacific region is emerging as the fastest growing regional market for foam core acrylic driven by rising construction activities, growing retail sector, and rapid economic development in major countries of China, India, and other Southeast Asian nations.
Key players
operating in the foam core acrylic market are 3A Composites, ArcelorMittal, Alubond USA, ShiDae Commercial Material Co., Metacolor, and Legrand. 3A Composites hold leading position due to its extensive portfolio of foam core products suited for various applications across industries. ArcelorMittal and Alubond USA also enjoy strong presence due to their focus on product innovation, partnerships and collaborations with leading manufacturer of acrylic sheets
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