Geofoam Market Breakdown By Size, Share, Growth, Trends, and Industry 2028
The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Geofoam Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Geofoam Industry (2023-2028):
According to the latest report, The Geofoam Market is expected to grow at a CAGR of around 6.8% during the forecast period, i.e., 2023-28. The report demonstrates the prominent factors propelling the exponential growth of the Geofoam industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
· Historical Data: 2018-21
· Base Year: 2022
· Forecast Period: 2023-28
· CAGR (2023-2028): 6.8%
What are the major Driver the Geofoam industry?
High Cost Associated with the Development & utilization of Geofoams: While the approach toward sustainable alternatives in the construction industry is escalating rapidly, the high cost associated with these materials might strike the growth pace of the Global geofoam Market during 2023-28, especially across price-sensitive industries. The cost of geofoams is approximately three to four times more than their conventional substitutes like soil fills, which refrains contractors from investing in such materials, especially when different alternatives & price ranges are available easily, thereby hampering the market expansion globally.
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Geofoam Market Segmentation
The Geofoam Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Product Type
- Expanded polystyrene
- Extruded polystyrene
- By Application
- Structure Foundation
- Embankments
- Slope Stabilization
- Insulation
- Retaining Structures
- Others (Void Filling, Theatre & Stadium Seating, Impact Protection)
- By End Use
- Road & Highway construction
- Building & Infrastructure Construction
- Airport Runways & Taxiways Construction
- Others (Railway Embankments, Green roofs, etc.)
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
As per the regional aspect, the Geofoam Market is expected to be dominated by North America by capturing the potential market share.
Explore further details about this research report - https://www.marknteladvisors.com/research-library/geofoam-market.html
Top Companies in the Geofoam Market
Atlas Roofing Corporation, Pacific Allied Products Ltd., Beaver Plastics Ltd., National Polystyrene Packaging Factory L.L.C, Airfoam Industries Ltd., Amvic, Inc., DuPont de Nemours., Drew Foam Companies, Inc., Poliestireno Alfa-Gamma S.A., Jebsen & Jessen Packaging, Cellofoam North America, Inc., Carlisle Construction Materials, LLC, ACH Foam Technologies, LLC, Harbour Foam Inc, Benchmark Foam Inc., Jablite, Others
Geofoam Industry Recent Development:
In January 2022, Atlas Roofing Corporation, a leader in roofing materials, rolled out three new ventilation solutions, TruRidge® PRO 25, HighPoint® AL 50 Slant Back, and HighPoint® GL 50 Slant Back, in order to improve home energy efficiency, optimize roof performance, and reduce excessive attic heat & moisture that contribute to structural damage.
In June 2021, Airfoam launched Foamshield, a rigid EPS insulation that can be installed around an uninsulated wood-frame wall with a sheathing membrane and help significantly reduce home insulation costs.
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