Global Geofoams Market 2024-2028

Global Geofoams Market 2024-2028

Global Geofoams Market 2024-2028

The geofoams market is forecasted to grow by USD 4333.1 mn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the geofoams market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by low cost compared to traditional land stabilization materials, flourishing growth in the global transportation sector, and high resistance to external environment.

Technavio's geofoams market is segmented as below:

• By Material
• EPS
• XPS
• By Geographical Landscape
• North America
• Europe
• APAC
• Middle East and Africa
• South America

This study identifies the rise in global construction and infrastructure development activities as one of the prime reasons driving the geofoams market growth during the next few years. Also, growing affinity for lightweight products will accelerate usage of void filling geofoam and rising incidence of failures of eps-block geofoam fills will lead to sizable demand in the market.

The report on the geofoams market covers the following areas:

• Geofoams market sizing
• Geofoams market forecast
• Geofoams market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading geofoams market vendors that include Airfoam Industries Ltd., Amvic Inc, Atlas Roofing Corp., Beaver Plastics Ltd., Carlisle Companies Inc., Drew Foam Co. Inc., EXPOL Ltd., Foam Products Corp., Foamex, Galaxy Polystyrene LLC, Groupe Legerlite Inc., Harbor Foam, Insulation Company of America LLC, Jablite Ltd., Pacific Allied Products Ltd., Plasti Fab Ltd., Poly Molding LLC, Technopol SA Pty Ltd., ThermaFoam Operating LLC, and Universal Foam Products. Also, the geofoams market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.