CAGR of 7.64%, Geofoams Market is expected to grow (2019-2023) Consumer research, Report includes – Future innovations, Research Report Analysis

Geofoams

The Geofoams Market Report 2019-2023 focuses on the global Geofoams status, future forecast, growth opportunity, key market, and key players. 

The Geofoams Market report studies the global market size of Geofoams in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of Geofoams in these regions. This research report categorizes the global Geofoams market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porters Five Forces Analysis.

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The various contributors involved in the value chain of Geofoams include manufacturers, suppliers, distributors, intermediaries, and customers.

The Key Players covered in this study:-

  • ACH Foam Technologies
  • AFM Corporation
  • Carlisle
  • Atlas EPS
  • Beaver Plastics
  • Drew Foam
  • FMI-EPS LLC
  • Insulation Corporation Of America
  • Plasti-Fab Ltd.
  • Poly Molding LLC
  • Harbor Foam Inc.
  • Styro Ltd.

Overview of Geofoams Market Research Report 2019-2023:-

The global geofoams market is expected to witness a CAGR of 7.64% during the forecast period of 2019–2023, driven by the rising demand for geofoams from the transportation sector. The low density of geofoams to maintain appropriate compressive strength in structural applications is also likely to stimulate the geofoams market.

Transportation Sector Driving the Market

Geofoams are widely preferred for transportation applications. It can be used for highways, airport runways, railways and bridge approaches, owing to its lightweight properties and does not typically require preloading and staging as compared to alternate void fill materials. The increasing investments in the Middle-East & Africa region for the construction of airports and highways is likely to drive the demand of geofoams in the coming years. The Fifa World Cup 2022 in Qatar is also expected to boost the transportation sector, thereby driving the geofoams market.

EPS in Construction Holds the Largest Market Share

The global geofoams market, based on the type, can be broadly segmented into Expanded Polystyrene (EPS) and Extruded Polystyrene (XPS). EPS is expected to dominate the geofoams market, owing to its advantages, like low cost and better environmental sustainability. It is widely used in the construction of highways, bridges, parking lot, etc. China is the largest producer of EPS, accounting for more than 50% of the total production across the globe.

Construction Activities Driving the Asia-Pacific Market

The market, based on the geographic area, is segmented into Asia-Pacific, North America, Europe, South America, and the Middle East & Africa. In terms of consumption in 2017, Asia-Pacific held a significant market share, closely followed by North America and Europe. Asia-Pacific is expected to be an emerging market during the forecast period, with the increase in highways and road construction activities in China, India, and ASEAN countries. Middle-East & Africa is expected to have a significant growth rate, owing to increasing investments in airports and highways.

Major players are ACH Foam Technologies, AFM Corporation, Carlisle, and Atlas EPS, amongst others.

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Reason to Purchase the ReportTo understand the impact of various factors on the market.Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis.To understand the dominating type and end user in the market.Identify the countries expected to witness the fastest growth during the forecast period.Identify the latest developments, market shares, and strategies employed by the major market players.3-month analyst support along with the Market Estimate sheet (in Excel).

Key questions answered in the Geofoams Market Report are.

  • What will the market size be in 2023 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors? 

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This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Geofoams market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

“We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”

Major Points from TOC of Geofoams Market Research Report 2019-2023:

  1. INTRODUCTION
    1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study
  1. RESEARCH METHODOLOGY
  1. EXECUTIVE SUMMARY
  1. MARKET DYNAMICS
    1 Drivers
    4.1.1 Rise in Defence Expenditure of Many Countries
    4.1.2 Increasing Demand of Lightweight Materials in the Industry
    4.2 Restraints
    4.2.1 Need for High Investments in R&D
    4.2.2 Other Restraints
    4.3 Industry Value-Chain Analysis
    4.4 Porters 5 Force Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition
    4.5 Price Analysis
  1. MARKET SEGMENTATION
    1 By Application
    5.2 End-user Sector
    5.2.1 Residential
    5.2.2 Commercial
    5.2.3 Institutional
    5.3 Geography
    5.3.1 Asia-Pacific
    5.3.2 North America
    5.3.3 Europe
    5.3.4 South America
    5.3.5 the Middle East & Africa

    Continued…

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