Geofoam Market analysis and trends report for 2019 - 2026

Browse key industry insights spread across 150 pages with 223 market data tables & 25
figures & charts from the report, “Geofoam Market Size By Product Type (EPS Geofoam ,
XPS Geofoam), By Application (Void Fill, Slope Stabilization, Embankments, Retaining
Structures, Insulation), By End Use (Road & Railways, Building & Construction, Others),
Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive
Market Share & Forecast, 2019 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/geofoam-market
Geofoam Market is likely to reach USD 1.1 billion by 2026. Rising investment in transport
infrastructure in Asia Pacific region and improving remodeling and home improvement
activities in Europe shall drive product market growth during forecast period.
Some major findings of the Geofoam Market report include:
‣ The surge in demand of geofoam can be witnessed across the globe due to their
excellent properties such as light weight and high compressive strength. They are
excellent as a lightweight filling material in roadways and building & construction.
‣ The growing construction sector in the Middle east and Africa along with rapidly
rising infrastructure spending in Asia Pacific shall have substantial impact on
product's market demand.
‣ Recovering European construction sector likely to increase XPS geofoam demand
over the forecast period.
‣ The Indian government has taken the initiatives to construct highways with use of
geofoams. India is planning to build 200,000 km of highways by 2022. Thus, creating
very lucrative opportunity for the product.
‣ Major players involved in the industry are ACH Foam Geofoam, Carlisle Construction
Materials LLC, Cellofoam North America Inc, Jablite, Jebsen & Jessen packaging,
Epack, Dupont de Nemours, and Amvic Inc.
‣ Companies are increasing their production capacity to meet the market demand and
developing new products for different applications.
Improving economic condition and proliferating building & construction industry in Asia
Pacific and Latin America expected to drive product market demand over the forecast
timeframe. The market currently exhibiting an impressive growth in Asia Pacific due to
ongoing massive infrastructure projects.
Product has witness strong acceptance from multiple governments and shall experience
promising growth across the world. For instance, China in 2019, announced to spend more
than USD 119 billion on railway construction and USD 250 billion on roadways construction.
Such massive investments in the infrastructure development will subsequently boost the
product demand over the forecast timeframe.
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