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Geofoam Trends and Forecast
The future of the global geofoam market looks promising with opportunities in the road & highway construction, building & infrastructure, and airport runway & taxiway markets. The global geofoam market is expected to reach an estimated $1.3 billion by 2030 with a CAGR of 6.1% from 2024 to 2030. The major drivers for this market are increasing number of constructional projects and significant demand for this substrate from roadways.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Geofoam by Segment
The study includes a forecast for the global geofoam by type, application, end use, and region.
Geofoam Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Expanded Polystyrene
• Extruded Polystyrene
Geofoam Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Structure Foundation
• Embankment
• Slope Stabilization
• Insulation
• Retaining Structures
• Others
Geofoam Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Road & Highway Construction
• Building & Infrastructure
• Airport Runway & Taxiway
• Others
Geofoam Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Geofoam Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies geofoam companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the geofoam companies profiled in this report include-
• Carlisle
• Amvic Building Systems
• Atlas Roofing
• Insulation Company of America
• Foam Products
• Jablite
• ThermaFoam
• Expol
• Airfoam
• Harbor Foam
Geofoam Market Insights
Lucintel forecasts that structure foundation will remain the largest segment over the forecast period due to its superior qualities, including durability, thermal resistance, structural integrity, and inexpensive foundation blocks.
Within this market, road & highway construction will remain the largest segment due to wide usage of geofoam in various applications, such as bridge abutments, railway embankments, construction over poor soils, and foundation stabilization.
North America will remain the largest region over the forecast period due to presence of key players and substantial use of geofoams in the maintenance and reconstruction of existing roads, highways, and flyovers in the region.
Features of the Global Geofoam Market
Market Size Estimates: Geofoam market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Geofoam market size by type, application, end use, and region in terms of value ($B).
Regional Analysis: Geofoam market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, end uses, and regions for the geofoam market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the geofoam market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the geofoam market size?
Answer: The global geofoam market is expected to reach an estimated $1.3 billion by 2030.
Q2. What is the growth forecast for geofoam market?
Answer: The global geofoam market is expected to grow with a CAGR of 6.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the geofoam market?
Answer: The major drivers for this market are increasing number of constructional projects and significant demand for this substrate from roadways.
Q4. What are the major segments for geofoam market?
Answer: The future of the geofoam market looks promising with opportunities in the road & highway construction, building & infrastructure, and airport runway & taxiway markets.
Q5. Who are the key geofoam market companies?
Answer: Some of the key geofoam companies are as follows:
• Carlisle
• Amvic Building Systems
• Atlas Roofing
• Insulation Company of America
• Foam Products
• Jablite
• ThermaFoam
• Expol
• Airfoam
• Harbor Foam
Q6. Which geofoam market segment will be the largest in future?
Answer: Lucintel forecasts that structure foundation will remain the largest segment over the forecast period due to its superior qualities, including durability, thermal resistance, structural integrity, and inexpensive foundation blocks.
Q7. In geofoam market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to presence of key players and substantial use of geofoams in the maintenance and reconstruction of existing roads, highways, and flyovers in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the geofoam market by type (expanded polystyrene and extruded polystyrene), application (structure foundation, embankment, slope stabilization, insulation, retaining structures, and others), end use (road & highway construction, building & infrastructure, airport runway & taxiway, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Geofoam Market, Geofoam Market Size, Geofoam Market Growth, Geofoam Market Analysis, Geofoam Market Report, Geofoam Market Share, Geofoam Market Trends, Geofoam Market Forecast, Geofoam Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Geofoam Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Geofoam Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Geofoam Market by Type
3.3.1: Expanded Polystyrene
3.3.2: Extruded Polystyrene
3.4: Global Geofoam Market by Application
3.4.1: Structure Foundation
3.4.2: Embankment
3.4.3: Slope Stabilization
3.4.4: Insulation
3.4.5: Retaining Structures
3.4.6: Others
3.5: Global Geofoam Market by End Use
3.5.1: Road & Highway Construction
3.5.2: Building & Infrastructure
3.5.3: Airport Runway & Taxiway
3.5.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Geofoam Market by Region
4.2: North American Geofoam Market
4.2.1: North American Geofoam Market by Application: Structure Foundation, Embankment, Slope Stabilization, Insulation, Retaining Structures, and Others
4.2.2: North American Geofoam Market by End Use: Road & Highway Construction, Building & Infrastructure, Airport Runway & Taxiway, and Others
4.3: European Geofoam Market
4.3.1: European Geofoam Market by Application: Structure Foundation, Embankment, Slope Stabilization, Insulation, Retaining Structures, and Others
4.3.2: European Geofoam Market by End Use: Road & Highway Construction, Building & Infrastructure, Airport Runway & Taxiway, and Others
4.4: APAC Geofoam Market
4.4.1: APAC Geofoam Market by Application: Structure Foundation, Embankment, Slope Stabilization, Insulation, Retaining Structures, and Others
4.4.2: APAC Geofoam Market by End Use: Road & Highway Construction, Building & Infrastructure, Airport Runway & Taxiway, and Others
4.5: ROW Geofoam Market
4.5.1: ROW Geofoam Market by Application: Structure Foundation, Embankment, Slope Stabilization, Insulation, Retaining Structures, and Others
4.5.2: ROW Geofoam Market by End Use: Road & Highway Construction, Building & Infrastructure, Airport Runway & Taxiway, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Geofoam Market by Type
6.1.2: Growth Opportunities for the Global Geofoam Market by Application
6.1.3: Growth Opportunities for the Global Geofoam Market by End Use
6.1.4: Growth Opportunities for the Global Geofoam Market by Region
6.2: Emerging Trends in the Global Geofoam Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Geofoam Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Geofoam Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Carlisle
7.2: Amvic Building Systems
7.3: Atlas Roofing
7.4: Insulation Company of America
7.5: Foam Products
7.6: Jablite
7.7: ThermaFoam
7.8: Expol
7.9: Airfoam
7.10: Harbor Foam
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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