A fresh report titled on “Geofoams Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.
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The Geofoams Market is projected to grow from US$ 786 Million in 2019 to US$ 1,069 Million by 2024, at a CAGR of 6.3% from 2019 to 2024. This report spread across 149 pages, profiling 12 companies and supported with 156 tables and 34 figures is now available in this research.
Top Companies profiled in the Geofoams Market:
- Carlisle Construction Materials (CCM) (US)
- Amvic Building Systems (Canada)
- ACH Foam Technologies LLC (US)
- Jablite (UK)
- Expol Ltd. (New Zealand)
- Foam Products Corporation (US)
- Harbor Foam (US)
- Airfoam Industries Ltd. (Canada)
- Pacific Allied Products Ltd. (US)
- Thermafoam LLC (US)
- Groupe Legerlite Inc. (Canada)
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Based on application, the road & highway construction segment led the geofoams market in 2019 in terms of both value and volume. The growth of this segment can be attributed to incessant infrastructural growth in emerging economies, such as China, India, Brazil, Saudi Arabia, UAE, and Mexico, which is driving the growth of the road & highway construction segment. Furthermore, factors such as better road connectivity in the regions such as Asia Pacific, Europe, and Middle East are resulting in the hike in demand for road & highway construction segment and thus propelling the demand for geofoams as well.
Based on type, the expanded polystyrene (EPS) geofoam segment accounted for the largest share of the geofoams market in 2018. The expanded polystyrene (EPS) geofoam segment is projected to lead the market in terms of both value and volume during the forecast period. The expanded polystyrene (EPS) geofoams are compatible with a multitude of geofoam construction applications such as roads, foundations, highways, and others in road & highway construction industry
Breakdown of primary participants’ profile:
- By Company Type: Tier 1 – 45%, Tier 2 – 30%, and Tier 3 – 25%
- By Designation: CXO – 55%, Directors – 20% and Others – 25%
- By Region: North America – 35%, Europe – 20%, Asia Pacific – 15%, Middle East & Africa – 25%, and South America – 5%