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 becaome 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
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
Get more insights on this topic: https://www.newswirestats.com/foam-core-acrylic-market-industry-insights-trends-foam-core-acrylic-market/
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