Foam core acrylic sheets are lightweight, rigid panels made of an acrylic facer laminated to a fire-retardant polyethylene core. They offer various advantages such as durability, impact resistance, flexibility in fabrication, chemical resistance, and transparency. The growing construction industry has fueled the demand for foam core acrylic sheets as they are used to make signage, displays, and architectural features that are durable yet energy efficient.

The global foam core acrylic market is estimated to be valued at US$ 97.1 Mn in 2024 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the key trends driving the growth of the foam core acrylic market is the rising demand from the sign and display industry. Foam core acrylic sheets are increasingly being used to produce customized signs, displays, and exterior architectural signs owing to their lightweight and durable properties. They do not crack or break easily making them an ideal choice for long-lasting displays. Moreover, foam core acrylics can be fabricated into complex shapes and designs using routing and thermal bending techniques. This has further boosted their adoption over traditional materials in the signage industry. The unique combination of visual clarity and rigidity of these sheets along with the option of flexible fabrication is expected to continue fueling the demand in the coming years.

Segment Analysis
The global foam core acrylic market is dominated by the signage sub-segment. Foam core acrylic sheets are widely used in the manufacturing of signage and displays boards due to their light weight and shatter resistance properties. Foam core acrylic provides excellent rigidity and strength while maintaining minimal weight compared to normal acrylic sheets.

Key Takeaways
The Global Foam Core Acrylic Market Size is expected to witness high growth over the forecast period of 2023 to 2030. With a projected CAGR of around 12%, the market size is estimated to reach US$ 97.1 Mn by 2024 from US$ 74.3 Mn in 2023.

Regional analysis
Asia Pacific dominates the global foam core acrylic market and is expected to maintain its dominance over the forecast period. Rapid infrastructural development and economic growth in countries such as China and India are driving the demand for foam core acrylic sheets in the region. North America is projected to witness the fastest growth due to high demand from various end-use industries such as automotive, construction, and signage.

Key players
Key players operating in the foam core acrylic market are 3A Composites GmbH, Multi-Pak USA, Inc., Laird Plastics, United Industries Group, Inc., Acrylitec Displays, Ray Chung Acrylic Enterprise Co., Ltd., Mitsubishi Chemical Corporation, Plaskolite, LLC, Lucite International, and Evonik Industries AG. 3A Composites GmbH is a leading player due to its wide distribution network and diverse product portfolio.

 

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