Global Geofoams Market: Overview
The term, which is used to describe geosynthetic materials, is cellular geosynthetics, which is either in the form of open cell texture or closed cell texture. Geosynthetics are found in the two forms, which include geocombs and geofoams. Geofoam is basically used as filler materials in the construction activities owing to possess low weight. These blocks offer protection against frost and provide easy installation according to customized shapes and sizes. The reduced weight of geofoams lower the transportation cost over a long distance. They are used in the construction activities for embankments in large industrial pipes and tunnels. Geofoam used in the major application such as rail embankment.
Global Geofoams Market: Growth Factors
The cost of the geofoam is lower as compared to conventional construction materials, which is expected to drive the global geofoams market. The giant dense railway network in developing economies is anticipated to boost the market in future. The versatility of geofoams in the construction process and unaffected nature by the external environmental is positively enhancing the market. Companies are focusing on emerging countries in order to tap their immense potential in the construction industry it may open up new growth opportunities in the global geofoams market. Geofoam help to reduce the overall cost of construction; it suppresses vibration and noise, easy handling and no special equipment require are major factors fuelling the market in the coming years. In addition, geofoams are used in the railway track systems, beneath refrigerated storage buildings, roads & bridges, even in storage tanks to prevent ground freezing.
Global Geofoams Market: Segmentation
The global geofoams market is segmented based on type, application, and geography. The type segment is categorized as XPS geofoams and EPS geofoams. Based on application segment the market is classified into building & construction and roadways. The geographical breakdown of the region is given by North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Global Geofoams Market: Regional Analysis
Asia Pacific expects to dominate the geofoams across the world due to high demand for geofoams from the roads and commercial construction industry in the near future. Construction industry shows a significant growth in the developing countries such as China, Brazil, India, Qatar, Indonesia, and Thailand. These countries are expected to rapid infrastructure development and building of extensive road networks in the next few years. Moreover, other countries such as Egypt, Argentina, Israel, Saudi Arabia, and South Africa are attributed to rapid growth in manufacturing industries and residential and commercial construction. Increasing construction requirements in the U.S. is projected to propel the market in future. Considerable growth in the Middle East is fuelling the market growth owing to potential growth in the building & construction activities.
Global Geofoams Market: Competitive Players
The key market players in the global geofoams market include Branch River Plastics, Inc., ACH Foam Technologies, LLC, Thermafoam, LLC, Poliestireno Alfa-Gamma, Big Sky Insulations, Inc., Cellofoam Winchester, Pacific Allied Products, Ltd., and Poly-foam Inc. Other prominent players include Insulation Materials Co., Ltd., Rmax, Pacific Allied Products, Ltd., Shanghai Broadway Packaging, AFM Japan, and Greenbuilders, Inc.
Global Geofoams Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
What Report Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.