by The foam core acrylic market consists of acrylic sheets that are extruded with rigid polyurethane foam sandwiched between acrylic layers. These sheets possess excellent properties such as lightweight, break resistance, insulation and weather resistance. They are widely used in architectural applications for signage, displays and visual communication owing to their scratch and impact resistance. They require minimal maintenance and last longer than conventional plastic sheets.
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 5.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends
One of the major trends in the foam core acrylic market is the growing focus on sustainability and recycled products. Manufacturers are developing newer formulations that incorporate recycled acrylic sheets and post-consumer foam into the core structure. This helps reduce the carbon footprint and promotes circular economy principles. Bio-based polyols are also being evaluated as potential substitutes for petroleum-based polyurethane foam to reduce dependence on non-renewable resources. Another notable trend is the customization of foam core acrylic sheets with enhanced properties. Customers can now work closely with manufacturers to develop project-specific sheets with added functionality like antimicrobial coatings, self-cleaning finishes or solar control features based on end-use requirements.
Porter’s Analysis
Threat of new entrants: Low-moderate. Presence of major adhesive material manufacturers like 3M and Henkel makes market entry difficult for new players.
Bargaining power of buyers: Moderate. Large buyers can negotiate lower prices but foam core acrylic market offers differentiated products limiting impact of price bargaining.
Bargaining power of suppliers: Low. Raw materials for foam core acrylic are widely available and industry has many suppliers limiting their bargaining power.
Threat of new substitutes: Low. Foam core acrylic offers unique properties of strength, light weight and handling ease limiting substitutes.
Competitive rivalry: High. Major players like 3M, Henkel, and Sika aggressively compete on pricing, quality and innovation to gain market share.
Key Takeaways
The global Foam Core Acrylic Market Size is expected to witness high growth. 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 5.9% over the forecast period 2023 to 2030.
North America currently dominates the market owing to high demand from construction and automotive industries in the US and Canada. Growth in automotive, aerospace and building & construction industries is driving demand in the region. The Asia Pacific region is expected to be the fastest growing market for foam core acrylic. Rapid infrastructure development and rising manufacturing sector in China, India, Indonesia and Vietnam are providing opportunities for market growth. Additionally, overall economic growth and rising disposable incomes are driving demand for various end use industries in the region.
Key players operating in the foam core acrylic market are 3M, Arkema Group (Bostik SA), H.B. Fuller Company, Henkel AG & Co. KGaA, Master Bond Inc., Nexus Adhesives, Permabond LLC, Pidilite Industries Ltd, Sika AG, and Threebond International Inc. Key players are focusing on developing lightweight and high strength acrylic adhesives suitable for varied applications. Companies also engage in partnerships with OEMs for new product development.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
