Geofoams Market - Global Industry Analysis, Size, Growth 2023
Global Geofoams Market: Overview
Geofoams
are extruded polystyrene (XPS) or expanded polystyrene (EPS), which can
be manufactured into lightweight blocks that offer desired strength and
protection against heat or frost. The construction industry is the
primary consumer of geofoams, finding application in road repair and in
other concrete parts of a building. With rapid urbanization across the
world, especially in vastly populated and large-landscaped countries
such as India, UAE, and China, the construction industry is currently
flourishing. This factor in turn is providing traction to the global
geofoams market, which is projected to expand at a robust rate during
the forecast period of 2016 to 2023.
Browse Market Research Report @
This
report on the global geofoams market has been developed in order to
provide useful insights from business perspective to targeted audiences
such as manufacturers of geofoams, traders and distributors, and
government agencies across the world. The report studies all the factors
that may influence the demand for geofoams in the near future and
estimates the opportunities in the market until 2023. Several leading
companies operating in the global geofoams market have also been
profiled for their geographical presence, share of the pie, competitors,
and recent developments.
Application-wise,
the global geofoams market can be segmented into building and
construction, roadways, vibration and noise damping, landfill, and
bridges while on the basis of type, the market can be categorized into
EPS geofoams and XPS geofoams. Geographically, the report evaluates the
opportunities available for the stakeholder of geofoams market in
regions such as the Middle East and Africa, North America, Latin
America, Europe, and Asia Pacific.
Global Geofoams Market: Trends & Opportunities
Roadways
continue to be the major application segment for geofoams. India and
other emerging economies are continuously improving their
road-infrastructure and the lightweight material is being preferred over
other alternatives and driving the demand in the global geofoams
market. In addition to construction and roadways, geofoams are now being
used for large industrial pipes and as compressible inclusions in
tunnels. There is no real requirement of mechanical fastening when
working with geofoams, which leads to various benefits and reduces the
overall cost of the construction.
Moreover,
geofoams are quite immune to external environmental conditions and can
be readily formulated at the construction site. This is another factor
favoring the global geofoams market. As geofoams offer excellent
dampening of noise and vibration, their application is now expanding
beyond building construction and roadways to bridges, railway tracks,
beneath refrigerated storage buildings, and storage tanks that help in
preventing ground freezing. With this expanding application, the demand
in the global market for geofoams is expected to consistently grow
during the forecast period. On the other hand, vulnerability of geofoams
when subjected to certain petroleum solvents necessitates extra care to
be taken during the construction.
Global Geofoams Market: Regional Outlook
North
America, gaining demand primarily from the U.S. and Asia Pacific, which
is driven by China and India, are two of the most lucrative regions in
the global geofoams market. Acceptance of geofoams in these two regions
is expected to sustain the growing demand for the same throughout the
forecast period.
Get
accurate market forecast and analysis on the Geofoams Market. Request a
sample to stay abreast on the key trends impacting this market @
Companies mentioned in the research report
Expol
Ltd., Carlisle Construction Materials, ACH Foam Technologies, LLC,
Amvic Building Systems, Pacific Allied Products Ltd, and Groupe
Legerlite, Inc. are some of the leading companies in the global geofoams
market. A few other prominent vendors in this market are: 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,
and Foam Distributors Inc.
Comments
Post a Comment