The global demand for Geofoams Market is presumed to reach the market size of nearly USD 1418.49 MN by 2028 from USD 855 MN in 2021 with a CAGR of 7.5% under the study period 2022 - 2028.
Geofoam are polymeric polystyrenes that are used in the manufacturing of lightweight blocks of varying height and width. Geofoams are lightweight and easy to carry, with excellent physical and tensile strength, making them ideal in the construction sector, such as flooring, pavements, slabs, etc. Geofoams are environmentally sustainable and help protect from earthquake shock, noise, and vibrations.
Market Dynamics
The rising demand from varying sectors such as road construction, road widening, bridges, buried structures, dams, and others is the root cause of the Geofoam market growth rate. Moreover, factors such as better road connectivity in the regions result in the hike in demand for road & highway construction segment and, thus, propelling the demand for geofoams. Furthermore, Geofoam's product is extensively employed in the void filling of bridge abutments, road widening, theatre seating, and under flooring due to its lightweight characteristics. The increasing remodelling & repair activities of buildings & structures around the globe are anticipated to boost the market growth in the coming years. However, the flammability and intolerance to petroleum solvents are the major restraints of the geofoam market.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of geofoams. The growth and trends of geofoams industry provide a holistic approach to this study.
Market Segmentation
This section of the geofoams market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Expanded Polystyrene
- Extruded Polystyrene
By End-Use
- Road & Highway Construction
- Building & Infrastructure
- Airport Runway & Taxiways
- Others (Railway Embankments And Green Roofs)
By Application
- Structure Foundation
- Embankments
- Slope Stabilization
- Insulation
- Retaining Structures
- Others (Void Filling, Stadium & Theatre Seating, And Impact Protection)
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Geofoams market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Geofoams Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the geofoams market include Carlisle (US), Amvic Building Systems (Canada), Atlas Roofing Corporation (US), Insulation Company of America (US), Foam Products Corporation (US), Jablite (UK), ThermaFoam, LLC (US), Expol (New Zealand), Pacific Allied Products, Ltd. (US), Airfoam (Canada), Harbor Foam (US), Groupe Legerlite Inc. (Canada), Drew Foam (US), and Plasti-Fab Ltd. (Canada). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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