Geofoams Market to offer a healthy CAGR of 9.2% during 2020-25
February 12, 2020
Geofoams Market Overview:
Geofoams Market is likely to witness an impressive CAGR of 9.2% during the forecast period. The market for geofoams is at a progressive phase and is expected to grow likewise in the coming five years. The claim for geofoams is upward as they offer enormous cost savings and remarkable load-bearing properties. Large scale infrastructural ventures in developing countries, such as China, India, Brazil, Saudi Arabia, and Qatar are influencing the high demand for geofoams globally.
Report Overview:
This new report from Stratview Research analyses the Geofoams Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Geofoams Market Segment Insights:
Type: EPS geofoams and XPS geofoams
Based on the type, the market is segmented as EPS geofoams and XPS geofoams. The XPS geofoams segment is estimated to depict a faster growth in the coming years. The growth is attributed to the overall growth in the use of geofoams owing to the growing cognizance about the advantages of geofoams over conventional land stabilization materials in various construction activities.
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Application Type: roadways and building and construction
Based on the application type, the market is segmented as roadways and building and construction. The roadways application segment is expected to be the faster-growing segment during the forecast period. The rising demand from various core sectors, such as construction and roads & highways is the prime factor contributing to the rapid growth of the global geofoams market.
A highly/moderately/fragment consolidated Market
Some of the major players in the geofoams market are ACH Foam Technologies, LLC, Amvic Building Systems, Carlisle Construction Materials, Expol Ltd., Groupe Legerlite, Inc., Insulation Corporation of America, Mansonville Plastics (BC) Ltd., Poly Molding LLC, and Thermafoam LLC.
Region: Asia-Pacific is the largest consumer of geofoams
In terms of regions, Asia-Pacific is the largest consumer of geofoams and is also estimated to depict high growth in the coming five years. China and India are the growth engines of the region. The market is majorly driven by the rise in geofoams’ demand from various application segments, such as construction and roads & highways. North America and Europe are also expected to offer considerable growth opportunities during the forecast period.
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