Foam core acrylic sheets are composed of a solid acrylic sheet laminated to expanded PVC foam which provides a lightweight yet rigid board ideal for signage, displays, and fabrication applications. These boards provide advantages over solid acrylic such as reduced weight making transportation and handling easier while maintaining high impact strength. They also offer thermal insulation properties and moisture resistance important for outdoor signage. The global foam core acrylic market offers versatile solutions for applications across industries including retail signage, menu boards, interior displays, wall coverings, and architectural accents.
The global foam core acrylic Market is estimated to be valued at US$ 97.1 Mn in 2023 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 spurring growth in the foam core acrylic market is the rising popularity of digital printing on these boards. Digital printing allows complex graphics and designs to be printed directly onto foam core acrylic sheets, eliminating the need for separate surface painting or application of decals and lettering. This streamlines signage production and reduces costs. It also enables easy customization of signage per customer requirements. As digital printing technologies advance with higher resolution and larger format capabilities, their use for printing on foam core acrylic boards has increased multi-fold in industries like retail, hospitality, and foodservice.
Porter’s Analysis
Threat of new entrants: High capital requirements and brand loyalty can act as a barrier for new players to enter the global foam core acrylic market.
Bargaining power of buyers: The presence of many established players gives buyers leverage to negotiate prices in the global foam core acrylic market.
Bargaining power of suppliers: Raw material suppliers have moderate bargaining power due to availability of substitute materials that can be used by buyers.
Threat of new substitutes: Alternatives like cement panels, glass, and wood pose minimal threat as foam core acrylic has its own advantages.
Competitive rivalry: The global foam core acrylic market consists of few leading players differentiating through product innovation.
Key Takeaways
The Global Foam Core Acrylic Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The global foam core acrylic Market is estimated to be valued at US$ 97.1 Mn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030.
Asia Pacific region currently dominates the global foam core acrylic market and is estimated to maintain its leading position during the forecast period. China is the largest producer of foam core acrylic sheets globally. North America is projected to witness significant growth in the foam core acrylic market fueled by growth in end-use industries such as signage and architecture in the US. Implementation of stringent regulations to reduce VOC emissions is expected to drive demand for eco-friendly foam core acrylic in Europe.
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., Ray Chung Acrylic Enterprise Co., Ltd., Mitsubishi Chemical Corporation, Plaskolite, LLC, Lucite International, and Evonik Industries AG. 3A Composites GmbH offers a wide range of foam core acrylic sheets under the brand names Alucobond and Alpolic.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
