The geofoam market had a value of USD 755.4 million in 2021 and is anticipated to grow at a 6.5% CAGR in terms of revenue over the forecast period. Increased use of geofoams due to their numerous advantages, rising demand from end-user industries as a result of their superior properties, and the ease with which geofoams can be obtained as an alternative to conventional land stabilisation materials are the main factors driving market revenue growth. Expanded polystyrene (EPS) or extruded polystyrene (XPS) blocks that are lightweight and available in a range of sizes make up geofoam. The main use of geofoam is to use lightweight material to fill holes underneath highways, bridge approaches, dams, and parking lots.
The report studies the historical data of the Geofoam market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast estimation of the Geofoam industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Geofoam market.
The global Geofoam industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
Carlisle, Amvic Inc., Atlas Roofing Corporation, Insulation Company of America, LLC., Foam Products Corporation, Jablite, ThermaFoam, LLC., Expol, Pacific Allied Products, Ltd., and Airfoam
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Geofoam market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Competitive Outlook: The leading companies operating in the Geofoam market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Geofoam market.
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Geofoam market on the basis of product, application, and region:
Segments Covered in this report are:
Type Outlook (Revenue, USD Million; 2019–2030)
Expanded Polystyrene Geofoam
Extruded Polystyrene Geofoam
End-Use Outlook (Revenue, USD Million; 2019–2030)
Road & Highway Construction
Building & Infrastructure
Airport Runway & Taxiways
Others
Application Outlook (Revenue, USD Million; 2019–2030)
