The report "Geofoam Market by Type (Expanded Polystyrene (EPS) Geofoam, and Extruded Polystyrene (XPS) Geofoam), End-Use (Road & Highway Construction, Building & Infrastructure, Airport Runways & Taxiways), Application, Region - Global Forecast to 2026" size for geofoam is estimated at USD 755 million in 2021 and is projected to reach USD 1,037 million by 2026, at a CAGR of 6.5% between 2021 and 2026, owing to the increase in infrastructural development and rise in spending on infrastructures, such as roads, highways, residential buildings, and other constructions.
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By type, extruded polystyrene is expected to be the fastest-growing segment during the forecast period
Extruded polystyrene (XPS) is expected to grow at a faster rate during the forecast period owing to its increasing demand from insulation applications in the building & infrastructure sector which is expected to lead the growth of this segment.
By end-use, road & highway construction segment is expected to be the fastest-growing market during the forecast period
The road & highway construction segment is projected to grow with the highest CAGR during 2021-2026. The growth is due to extensive use of geofoams in construction over poor soils, for the stabilization of foundations, in road widening, railway embankments, bridge abutments, and other applications.
Asia Pacific was the largest region in the geofoams market in 2020, in terms of volume
Asia Pacific accounts for the largest share for geofoams market in 2020 due to the growing end-use sectors such as residential & commercial buildings and transport infrastructure. Growing economy of countries such as China and Indonesia involves growth in infrastructure which initiates the demand for geofoam in the region.
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The key market players 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). These players have adopted product launches, acquisitions, expansions, partnerships as their growth strategies.
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Geofoams Market will reach an estimated valuation of USD 1296.54 million by 2027, while registering this growth at a rate of 6.40% for the forecast period of 2020 to 2027.
Geofoams market report analyses the growth, which is currently maintain a significant growth due to increasing demand to improve road infrastructure.Goefoam is a type of expanded polystyrene which can be used in manufacturing of large lightweight blocks of varying height and thickness.
Geofoam is also used in various applications such as thermal insulation, compressible inclusions, lightweight fill, green roof fill and drainage.Increasing demand from end-user industries because of their excellent and superior properties, adoption of cost saving material and easy availability of geofoams as an alternative to traditional land stabilization materials are some of the factors that will enhance the growth of the geofoams market in the forecast period of 2020-2027.
On the other hand, development of infrastructure and adoption of advanced technology will further create new opportunities for the growth of geofoams market in the above mentioned forecast period.Get Exclusive Sample Report: @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-geofoams-market Scope of the Geofoams MarketCurrent and future of Geofoams Market outlook in the developed and emerging marketsThe segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast periodRegions/Countries that are expected to witness the fastest growth rates during the forecast periodThe latest developments, market shares, and strategies that are employed by the major market playersGlobal Geofoams Market By Type (Expanded Polystyrene Geofoams, Extruded Polystyrene Geofoam), Application (Road & Highway Construction, Building & Infrastructure, Airport Runways & Taxiways, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa), Industry Trends and Forecast to 2027Browse Related Report Here:Singapore Waterproofing Adhesives and Sealants MarketBio-Based Polytrimethylene Terephthalate (PTT) MarketSome of the leading key players profiled in this study:The major players covered in the geofoams market report are Carlisle, Amvic Inc., ACH Foam Technologies, Inc., Insulation Corporation of America,, AFM Corporation, Jablite, ThermaFoam, LLC, Expol, Airfoam., Légerlite, Benchmark Foam Inc., Mega Packaging Corporation, STARRFOAM, Foamex, Universal Foam Products., GALAXY POLYSTYRENE LLC., Technopol SA, among other domestic and global players.
Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately.
DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
According to the latest research report published by Dhirtek Business Research, the global geofoams market report provides detailed information on the factors driving the growth of the geofoams market.
This pandemic is having an impact on various sectors of the economy.
It predicts that the global economy will suffer as a result of the loss of trillions of dollars.
To compete in a competitive market, the companies must identify product opportunities based on their strengths.
This study provides a platform for understanding the various exciting and rising prospects in the field of geofoams, and it will help every producer, distributor, or even user understand and succeed in this burgeoning industry.
Obtain a Sample Report and the Table of Content for the Geofoams Market Report:https://www.dhirtekbusinessresearch.com/market-report/Geofoams-Market/request-for-sample-report Study Goals and Objectives of Global Geofoams Market The report provides information on the market impact of geofoams.
