The global foam core acrylic market is primarily engaged in the manufacturing and distribution of lightweight, durable, and impact-resistant foam core materials. Foam core acrylic sheets consist of an acrylic outer skin layered on both sides of a lightweight foam core. They are widely used in digital signage applications for ease of handling, mounting and transportation applications. Foam core acrylic offers advantages over solid acrylic sheets such as reduced weight coupled with comparable hardness, strength and optical clarity. Its foam core aids in thermoforming and bending while maintaining the rigidity.
The global foam core acrylic market is estimated to be valued at US$ 730 million in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Increasing Application in Digital Signage- Rising usage of digital signage in public spaces, airports, shopping malls, commercial buildings is a major factor driving the demand for foam core acrylic sheets. Foam core acrylic offers lightweight, durable and easy handling characteristics which make it a preferred choice for applications involving transportation and mounting of digital signage. It allows creation of large format graphics and signs with thinner profiles.
Material Efficiency- Lightweight and rigid nature of foam core acrylic allows manufacturers to optimize material usage and reduce wastage during fabrication. It requires 30-50% less raw material compared to solid sheet acrylics to develop products of equal strength and durability. This improves production efficiency and cost economics for manufacturers.
Segment Analysis
The global foam core acrylic market share is segmented based on type and application. By type, the market is segmented into PVC, PETG and others. Among these, the PVC segment dominates the global market owing to its cost effectiveness and availability. PVC foam core acrylic sheets are in high demand due to their superior chemical and moisture resistance properties.
PEST Analysis
Political: The government regulations regarding VOC emissions during the production of foam core acrylic sheets impacts the market positively. Stringent regulations promote the use of eco-friendly materials.
Economic: The growing construction and manufacturing industries globally is the key driver of growth. Rising disposable incomes increased spending on interior decor and signage which boosts demand.
Social: Changing lifestyles and rising focus on aesthetics is increasing the application of acrylic sheets in various end use industries. Rapid urbanization further augments the market size.
Technological: Developments in resin formulations help produce acrylic sheets with enhanced properties. Many key players focus on R&D to develop lightweight, durable and customized acrylic solutions.
Key Takeaways
The global foam core acrylic market is expected to witness high growth over the forecast period.
Regionally, Asia Pacific dominates the market and is expected to maintain its lead. With rapidly growing construction and manufacturing industries in China and India, the demand for foam core acrylic is increasing in the region.
Key players operating in the foam core acrylic market are 3A Composites, Armacell, EuroPanels, CoreLite, Diab Group, Diversified Structural Composites.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
