Global Geofoams Market, 2014-2024
Geofoam is expanded polystyrene (EPS) or extruded polystyrene (XPS) manufactured into large lightweight blocks. Only rigid polymers (polypropylene and PVC) have been used as geocomb material. As a raw material EPS used plastic beads and XPS used molten material. XPS is more expensive than EPS. Geofoam is used in geotechnical applications such as lightweight fill for construction on soft ground, for slope stabilization, and retaining wall or abutment backfill; as well as for roadway and runway sub-grade insulation and foundation insulation. Geosynthetics are found in the two forms, which include geocombs and geofoams. Geofoams offer excellent dampening of noise and vibration.
EPS geofoam possesses the physical and mechanical properties ideal for most insulation and specifications. Due to its design flexibility and versatility, it can be cut in to sheets, slabs, or any design requirement to meet specific building code standards. It can be cut to shape with ordinary tools to assure tight joints thus reducing heat loss. EPS can also be molded in to custom designs for insulation applications including concrete block insulation systems.
A major advantage of using geofoam as fill material in embankments is that it is up to 50 times less massive than other lightweight fills, thus providing:
maximum available right-of-way for road construction, faster construction schedule, lower traffic impact, comparatively clean construction near waterways, reduced labor, minimal future maintenance.
The global geofoam research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global geofoam market is growing at a fast pace and increasing its geographical footprint rapidly. The global geofoam market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.
The growth is comparatively higher in Asia Pacific region due to rise in road & highway construction. The major growth driver for geofoam market are the advantages offered by geofoam i.e. low production cost to the customers.
Geofoam enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of geofoam market globally. The companies that lead global market are Expol Ltd., Carlisle Construction Materials, BASF Corporation, Androp Packaging, INC., Benchmark Foam Inc., Branch River Plastics, Inc., Cellofoam North America Inc., Beaver Plastics Ltd, Big Sky Insulations, Inc., Drew Foam Companies Inc., EPS Industry Alliance, Foam Distributors Inc, Mansonville Plastics (BC) Ltd., Poly Molding LLC, and Thermafoam LLC.
The research process includes the market segmentation of the global geofoam market, identifying the growth determinants of every market segment and market forecasts. All the market forecasts are done in accordance with the inputs taken from the global geofoam market industry experts from across the global industry. Market Krystal conducts more than 40 interview hours dedicated for this study, the same are mentioned below:
By company type:
Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)
North America (30%), Asia (45%), Europe (25%)
Top level (40%), Operation level (20%), Mid-level (40%)
Contents of the report:
Insights on the global geofoam industry dynamics
Estimation of the present global geofoam market size in terms of value and volume.
Global geofoam market breakup based on by type and application.
Verified global geofoam market forecast for the next five years.
In depth analysis of the leading companies working across different nodes of global geofoam industry value chain.
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