#Geofoams Research Report
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Unraveling the Growth Potential of the Geofoams Market: Global Outlook
The global geofoams market size is expected to reach USD 972.6 million by 2027, expanding at a CAGR of 2.7%, according to a new report by Grand View Research, Inc. Factors such as availability of geofoams at low cost coupled with its superior strength and durability are projected to fuel the market growth. Expansion of the construction industry across the globe coupled with the infrastructural developments in economies such as India, China, Brazil, Mexico, Saudi Arabia, and others is expected to propel the demand for geofoams over the forecast period. In addition, maintenance of the existing infrastructure in developed nations is likely to drive the growth of the market.
Geofoams Market Report Highlights
The expanded polystyrene geofoams segment accounted for USD 508.2 million in 2019 and is projected to expand at a CAGR of 3.1% from 2020 to 2027. The compatibility of the product has resulted in its increasing adoption for applications including roads and highway construction, building and infrastructure, and others
The road and highway construction application segment accounted for 38.07% of the total market and is projected to expand at a CAGR of 3.4% from 2020 to 2027 on account of the rising infrastructural growth across the developing economies including China, India, Brazil, UAE, Saudi Arabia, and others
Asia-Pacific accounted for USD 278.5 million in 2019 and is estimated to expand at a CAGR of 3.2% from 2020 to 2027 owing to the rising demand for road pavement, which is anticipated to further benefit the growth
China accounted for the highest market share in Asia Pacific on account of the rapidly expanding construction industry in the country
Europe market is estimated to expand at a CAGR of 2.8% owing to the rising number of construction and infrastructural activities in economies including Spain, Italy, and others
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Geofoams are increasingly used in the construction industry as it helps in suppressing the noise and vibrations. In addition, it is easy to handle and does not require any special equipment for installation. The product is increasingly used in the railway track systems, below the refrigerated storage buildings, storage tanks, and others to avoid ground freezing.
The geofoams undergo chemical changes when it comes in contact with petroleum solvents. It turns into a glue-type substance, thereby losing its strength. This factor is projected to limit the use of geofoams in the construction industry which is projected to restrict the industry growth over the forecast period.
#Geofoam#Expanded polystyrene (EPS)#Geofoam blocks#Construction materials#Road and highway construction#Retaining walls#Geotechnical engineering#Soil stabilization#Environmental protection#Earthquake resistance#Noise and vibration control#Water management#Hydrostatic pressure#Thermal insulation#Structural stability
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Geofoam Market: Current Analysis and Forecast (2024-2032)
According to a new report by UnivDatos Market Insights, the Geofoam Market is expected to reach USD billion by 2032 by growing at a CAGR of ~5.2%.
Geofoam coatings market volume has been growing constantly within the past decade due to the development of new construction materials and heightened concerns for environmentally friendly solutions. Geofoam, a lightweight fill material manufactured from expanded polystyrene (EPS), has become an important component in construction as well as civil engineering applications because of its insulation value, simplicity of construction, and reasonable cost. With industries requiring other solutions to construction-related issues, the geofoam coatings market is rapidly becoming progressive and creating many opportunities.
Market Overview
Geofoam coatings are mainly used in construction applications, infrastructure, and landscaping industries. Installation of Geofoam coatings is for various purposes of the construction of roads for embankment fill or even a retaining wall for green roofs. Due to the nature of this material, a lesser load will be imposed on the existing structures hence reducing the chances of structures settling down. In addition, geofoam has good thermal properties, for this reason, geofoam is well-suitable in areas that experience very high or very low temperatures.
The structure of the market composite comprises the players as small regional manufacturers and large multinational corporations. An emphasis on competition has been observed throughout innovation in the material formulations, as the companies work on research and development of geofoam coatings to improve their performance. This includes enhanced fire rating, waterproofing, and mechanical properties as well as to suit the specific use of the building.
Key Drivers of Market Growth
Several factors contribute to the growth of the geofoam coatings market:
Infrastructure Development: Recent modernization and increase in population density in urban areas have led to increased infrastructure development globally. The government is spending more money on constructing roads, bridges, and other infrastructures, which implies a huge market for efficient construction materials such as geofoam.
Sustainability and Eco-Friendliness: With increased concerns about the impact of pollution on the environment, there is increased concern about adopting ecological construction. Geofoam is a recyclable product, and it emits fewer pollutants into the atmosphere during the production process as producers worldwide seek environmentally friendly materials.
Cost-Effectiveness: Geofoam coatings are also a win in that they simplify the transportation and installation costs of the products. They have tended to reduce the overall weight of the structures hence reducing the cost of designing and materials for foundations, this makes them suitable for developers and contractors.
Versatile Applications: This is because geofoam can be used in many different fields, including civil engineering and landscaping, and even in thermal insulation. This adaptability drives demand from many industries – broadens the market appeal.
Regional Insights
Like other coatings industries, it has different regional characteristics in terms of construction policies, construction style, and economies.
North America: The geofoam coatings market in North America is large especially in the United States though the market is universally widespread. There is evidence of the region's construction industry brains and an ongoing pipeline of projects that support the demand. Furthermore, awareness of the best practices to go for in terms of materials has also caused individuals to give geofoam a nod in different projects.
Europe: There has been a high demand for geofoam coatings in Europe because of the many environmental laws governing construction as well as sensitivity to sustainable construction. These are some of the countries that are at the vanguard of applying advanced construction materials in their developmental projects such as Germany and the Netherlands.
Asia-Pacific: The Asia-Pacific region is estimated to have the greatest CAGR in the geofoam coatings market. Increased demand is caused by, among others, population and urbanization, and significant capital expenditure by the government in infrastructure projects. Some of the major companies that are currently involved in the use of geofoam solutions especially in their large construction projects include China and India.
Latin America and the Middle East: Nevertheless, the markets in Latin America and the Middle East are only starting to appreciate the advantages of geofoam coatings. The development of infrastructure in these regions offers great business prospects for market players.
Challenges and Restraints
Despite its promising growth prospects, the geofoam coatings market faces several challenges:
Regulatory Compliance: The change in regulatory measures for markets in different geophysical regions of the globe poses a challenge to manufacturers that seek to venture into these markets. Meeting local structural codes and safety requirements should be met but always proves to be very cumbersome and costly.
Market Competition: The market for geofoam coatings is being established; thus, many players occupy different segments of the market. For businesses to make profitable returns the products must be unique and constantly beneficial for consumers.
Awareness and Education: While more people are beginning to recognize the utility of geofoam there is still a large population of builders and contractors that can benefit from being informed of these advantages. Other significant recommendations include augmenting and enhancing marketing and marketing education for the proper use of geofoam coatings.
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Outlook
The Geofoam coatings market is expected to create healthy growth over the decade across geographic regions. Since infrastructure development remains one of the global strategic development goals, it is expected that the market for lightweight and sustainable materials will continue to grow. New applications of material science like bio-based geofoam, and better formulation are the further boosters to this market.
It is therefore important that manufacturers, construction firms, and other regulatory agencies work together to ensure that these challenges are overcome, and the benefits of geofoam coatings are well enhanced. Geofoam is a part of the construction industry, and as sustainability has now become the single most important philosophy for the construction processes at present and in the future, geofoam will become even more significant.
Conclusion
The overall outlook of the geofoam coatings market over the Globe is a prime growth opportunity supported by infrastructural advancements, sustainability factors, and product cost. Growing demands for high-quality construction products and materials are likely to drive the market in the future as far as construction works are concerned. As it was established this is a fledging market where stakeholders must constantly respond to the challenges train the market and explore the various available opportunities that come with the use of geofoam coatings brought about by technological advancement. Geofoam is set to be a premier material in the construction industry as the sector drifts towards sustainability
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Geosynthetics Market to Scale New Heights as Geosynthetics Market Players Focus on Innovations 2023 – 2028
Advance Market Analytics released a new market study on Global Geosynthetics Market Research report which presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimates for Global Geosynthetics Forecast till 2027*.
Geosynthetics is a synthetic product which is made up of polyester, polypropylene, and polyethylene. These synthetic products are mostly preferred in environmental activities and civil construction such as filtration, landfill, and others. The functions of geosynthetics are reinforcement drainage, separation, and moisture barrier. Major benefits of using geosynthetics are high bearing capacity, Installation robustness, minimize both rutting & soil intermixing and others. It has a variety of uses from erosion control to embankment reinforcement to enhanced subsurface drainage. Large investments in the projects associated with civil transportation and waste management are some of the major drivers which are propelling the growth of the market.
Key Players included in the Research Coverage of Geosynthetics Market are:
FiberWeb PLC (United Kindom)
Low & Bonar PLC (United Kindom)
Propex Global (United States)
GSE Environmental (United States)
Agru America (United States)
ACE Geosynthetics (Taiwan)
ACH Foam Technologies (Jefferson)
AGRU America Inc. (United States)
Asahi Geotechnologies Co. Ltd. (Japan)
Belton Industries Inc. (United States)
Solmax (Canada) What's Trending in Market: Technology Advancement in Geosynthetics
Challenges: Lack of Awareness Regarding Geosynthetics
Opportunities: Developing Countries Will Boost the Future Growth
Opportunities Associated With Oil & Gas and Mining Industries
Market Growth Drivers: Government Policies Boosting Infrastructure Growth across the Globe
Evolving Environmental Protection Regulations and Standards to Boost Future Growth of Geosynthetics
The Global Geosynthetics Market segments and Market Data Break Down by Type (Geotextiles, Geomembranes, Geogrids, Geofoams, Geonets, Other), Application (Road Industry, Railroad Stabilization, Water Management, Waste Management, Mining, Others), Material (Polyester, Polyethylene, Polypropylene, Polyvinyl chloride, Other materials) To comprehend Global Geosynthetics market dynamics in the world mainly, the worldwide Geosynthetics market is analyzed across major global regions. AMA also provides customized specific regional and country-level reports for the following areas. • North America: United States, Canada, and Mexico. • South & Central America: Argentina, Chile, Colombia and Brazil. • Middle East & Africa: Saudi Arabia, United Arab Emirates, Israel, Turkey, Egypt and South Africa. • Europe: United Kingdom, France, Italy, Germany, Spain, Belgium, Netherlands and Russia. • Asia-Pacific: India, China, Japan, South Korea, Indonesia, Malaysia, Singapore, and Australia. Presented By
AMA Research & Media LLP
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The geofoam market value is projected to surpass a valuation of USD 1.5 billion by 2032, as per a recent research report announced by Global Market Insights Inc
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Geosynthetics Market Size, Share, Demand & Trends by 2029
A new market research study by Future Market Insights (FMI) on the global geosynthetics market contains global industry analysis for 2014–2021 and opportunity assessment for 2022–2029. The report investigates the geosynthetics market and provides critical insights for the forecast period of 2022-2029. The global geosynthetics market recorded the revenues worth US$ 13.67 Bn in 2022 and is estimated to grow at a CAGR of 10.1% in the projected period of 2022 – 2029.
As per the findings of the report, the global industrial geosynthetics market is anticipated to experience substantial growth over the forecast period owing to growth in civil construction activities led by several developing economies in the past few years. The report opines that the market growth is significantly driven by increasing investments in public infrastructure development and modernization of existing facilities across the globe.
APEJ’s Market Attractiveness Intact, Says FMI’s Report
Geosynthetic materials are witnessing increased usage in solid waste management for landfill applications. These materials are used for separating and confining bulk waste. Countries such as China and India, are emphasizing on effective waste treatment practices, which is likely to lead to an increase in demand for geosynthetics in the near future.
Moreover, owing to the high transport infrastructural development activities in the region, geosynthetic products are estimated to witness significant deployment in road construction. The road construction application segment is estimated to remain dominant in terms of geosynthetic material demand.
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Product Portfolio Enhancements & Technological Innovations
Several players are emphasizing on improving their product portfolios by introducing new products with better quality and gauge variations. Manufacturers are primarily targeting high development areas and producing application-specific products in order to gain higher market shares.
In February 2017, TenCate Geosynthetics launched a new series of geomats- Mirafi® TM13C and TM14S, to solve erosion problems on steep slopes and in channels. These materials retain bare soil and stabilize and nurture vegetation while resisting the challenges of precipitation and high-flow rates on soils.
Geosynthetics Market by Category
Product Type:
Geotextile
Geomembrane
Geogrid
Geonet
Geocomposite
Geosynthetic clay liner
Others
Material Type :
Polyethylene (HDPE/LLDPE)
Polypropylene (PP)
Polyester
Natural fibers
Others
Primary Application:
Separation
Drainage & filtration
Reinforcement
Containment
End-use :
Roads (paved & unpaved)
Railways
Retaining walls
Waterworks and waste treatments
Landfill & erosion control
Others
Use of Different Materials to Enhance Strength and Durability
Involvement of a large number of local and global players in the geosynthetic market has compelled manufacturers to offer innovative products, in order to generate significant demand. Many companies are dedicating a huge amount of money for the research and development of new products and to increase the properties of existing ones. Companies are continuously experimenting with geosynthetics in order to provide products with enhanced mechanical properties and high reliability.
As polypropylene is extensively used for the manufacturing of geotextiles, it is a relatively large segment among all types, and is expected to witness significant growth during the forecast period. Other geosynthetic products such as geocell, geofoam, geopipes, etc., have limited and specific uses. However, the segment has witnessed significant demand during the last five years.
Use of metallocene polypropylenes: In 2015, a reputed conglomerate launched a metallocene PP-based non-woven geotextile. This geotextile is premium in terms of mechanical properties and performance. The use of metallocene PP offers relatively lightweight geotextiles and increased production.
Competitive analysis of the global geosynthetics market reveals that among the several active participants in the competitive landscape of geosynthetics market, the tier 1 players tend to hold a relatively lower share, which has been attributed to high competition from a large number of local players operating at low profit margins and have better accessibility within regional markets. Some of the leading companies are also observed to be operating through their sales offices, or collaborating with regional manufacturers.
Table of Content
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
3. Market View Point
3.1. Macro-Economic Factors
3.2. Forecast Factors & Relevant Impact
to be continued…!
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The global market size for geofoam is estimated at USD 755 million in 2021 and is projected to reach USD 1,037 million by 2026, at a CAGR of 6.5% between 2021 and 2026, owing to the increase in infrastructural development and rise in spending on infrastructures, such as roads, highways, residential buildings, and other constructions. Expanded polystyrene segment is projected to grow at a faster rate during the forecast period, from 2021 to 2026. Expanded polystyrene (EPS) is the most widely used type of geofoam for construction purposes because of its simple manufacturing process, flexible size, recyclability, another properties.
The key market players include Carlisle (US), Amvic Building Systems (Canada), Atlas Roofing Corporation (US), Insulation Company of America (US), Foam Products Corporation (US), Jablite (UK), ThermaFoam, LLC (US), Expol (New Zealand), Pacific Allied Products, Ltd. (US), Airfoam (Canada), Harbor Foam (US), Groupe Legerlite Inc. (Canada), Drew Foam (US), and Plasti-Fab Ltd. (Canada). These players have adopted product launches, acquisitions, expansions, partnerships as their growth strategies.
#Geofoams Industry#Geofoams#Geofoams market#Global Geofoams market#Geofoams Market Overview#Geofoams Research Report#Geofoams research insights#Geofoams business research report#Geofoams Industry Trends#Geofoams Market Share#Geofoams Market Analysis#Geofoams Market Growth
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Geosynthetics Market Study For 2022 To 2029 Providing Information on Key Players, Growth Drivers and Industry Challenges
A new market research study by Future Market Insights (FMI) on the global geosynthetics market contains global industry analysis for 2014–2021 and opportunity assessment for 2022–2029. The report investigates the geosynthetics market and provides critical insights for the forecast period of 2022-2029. The global geosynthetics market recorded the revenues worth US$ 13.67 Bn in 2022 and is estimated to grow at a CAGR of 10.1% in the projected period of 2022 – 2029.
As per the findings of the report, the global industrial geosynthetics market is anticipated to experience substantial growth over the forecast period owing to growth in civil construction activities led by several developing economies in the past few years. The report opines that the market growth is significantly driven by increasing investments in public infrastructure development and modernization of existing facilities across the globe.
APEJ’s Market Attractiveness Intact, Says FMI’s Report
Geosynthetic materials are witnessing increased usage in solid waste management for landfill applications. These materials are used for separating and confining bulk waste. Countries such as China and India, are emphasizing on effective waste treatment practices, which is likely to lead to an increase in demand for geosynthetics in the near future.
Moreover, owing to the high transport infrastructural development activities in the region, geosynthetic products are estimated to witness significant deployment in road construction. The road construction application segment is estimated to remain dominant in terms of geosynthetic material demand.
Product Portfolio Enhancements & Technological Innovations
Several players are emphasizing on improving their product portfolios by introducing new products with better quality and gauge variations. Manufacturers are primarily targeting high development areas and producing application-specific products in order to gain higher market shares.
In February 2017, TenCate Geosynthetics launched a new series of geomats- Mirafi® TM13C and TM14S, to solve erosion problems on steep slopes and in channels. These materials retain bare soil and stabilize and nurture vegetation while resisting the challenges of precipitation and high-flow rates on soils.
Use of Different Materials to Enhance Strength and Durability
Involvement of a large number of local and global players in the geosynthetic market has compelled manufacturers to offer innovative products, in order to generate significant demand. Many companies are dedicating a huge amount of money for the research and development of new products and to increase the properties of existing ones. Companies are continuously experimenting with geosynthetics in order to provide products with enhanced mechanical properties and high reliability.
As polypropylene is extensively used for the manufacturing of geotextiles, it is a relatively large segment among all types, and is expected to witness significant growth during the forecast period. Other geosynthetic products such as geocell, geofoam, geopipes, etc., have limited and specific uses. However, the segment has witnessed significant demand during the last five years.
Get More Information@ https://www.futuremarketinsights.com/reports/geosynthetics-market
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XPS Geofoams Market Size 2022 by Top Key Players, Types, Applications, Regional Demand and Forecast to 2030
The XPS Geofoams market report is a perfect foundation for people looking out for a comprehensive study and analysis of the XPS Geofoams market. This report contains a diverse study and information that will help you understand your niche and concentrate of key market channels in the regional and global market for XPS Geofoams. To understand competition and take actions based on your key strengths you will be presented with the size of the market, demand in the current and future years, supply chain information, trading concerns, competitive analysis and the prices along with vendor information. The report also has insights about key market players, applications of XPS Geofoams, its type, trends and overall market share.
To set your business plan into action based on our detailed report, you will also be provided with complete and accurate prediction along with future projected figures. This will provide a broad picture of the market and help in devising solutions to leverage the key profitable elements and get clarity of the market to make strategic plans. The data present in the report is curated from different publications in our archive along with numerous reputed paid databases. Additionally, the data is collated with the help of dealers, raw material suppliers, and customers to ensure that the final output covers every minute detail regarding the XPS Geofoams market, thus making it a perfect tool for serious buyers of this study.
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XPS Geofoams Market: Segmentation
Market Segmentation The chapter segment analysis provides information on the different sub-segments of the market. The chapter provides an in-depth analysis of the market segments, year-on-year growth projections that enable readers to identify potential market growth areas. Based on type, the global xps geofoams market is segmented into softness, hardness. Based on application, the xps geofoams market is segmented into road construction, road widening, bridge abutment, airport runway, other. Global XPS Geofoams Market Regional Analysis The regional analysis chapter includes an in-depth analysis of the xps geofoams market by region. The chapter includes various regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The report also includes a comprehensive analysis of the market by country. The report covers countries such as the United States, Canada, Germany, France, Italy, Spain, China, India, Japan, the GCC, South Africa, Brazil, Mexico, and the rest of the world. Regional insight helps market competitors to make crucial decisions about their company. Individualized, country-wise, and segment-wise analyses by region allow readers to explore the potential of the market in different geographies. This section is a vital part of the report for each year's growth projections and a global share of value. In this report, the following geographic regions were considered for market research: North America (The U.S., Canada) Europe (Germany, The U.K., France, Italy, Spain, Russia, Rest of Europe) Asia Pacific (China, India, Japan, Rest of Asia Pacific) Rest of the World (Middle East & Africa, Latin America) Global XPS Geofoams Market Company Profile The company profile chapter of the report also covers key industry players working in the xps geofoams market. The report also discusses the business strategies adopted by the players at the global, regional, and country-level. Some of the market's key participants are ACH Foam Technologies, Amvic Building Systems, Atlas EPS, Beaver Plastics, Carlisle Construction Materials, DrewFoam Companies, Expol, FMI-EPS, Le Groupe LegerLite, Poly Molding, Thermafoam, VersaTech. The study also focuses on various businesses or inorganic business development strategies for expanding consumer networks through product formation, organization extension, partnerships, mergers, and acquisitions. The study offers an exhaustive summary and estimate of the global market. It includes in-depth qualitative and quantitative analyses in the report that align with our customer's goals and objectives. Projections have been confirmed by comprehensive primary and secondary analysis. The study will encourage clients to invest in the market based on the current business situation, trends, and potential developments in the segments. Understanding the requirement of the client, the report delivers specialist insights into the global market, its products, and market patterns.
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Major Points Covered in TOC:
XPS Geofoams Market Overview: It incorporates six sections, research scope, significant makers covered, market fragments by type, XPS Geofoams market portions by application, study goals, and years considered.
XPS Geofoams Market Landscape: Here, the opposition in the Worldwide XPS Geofoams Market is dissected, by value, income, deals, and piece of the pie by organization, market rate, cutthroat circumstances Landscape, and most recent patterns, consolidation, development, obtaining, and portions of the overall industry of top organizations.
XPS Geofoams Profiles of Manufacturers: Here, driving players of the worldwide XPS Geofoams market are considered dependent on deals region, key items, net edge, income, cost, and creation.
XPS Geofoams Market Status and Outlook by Region: In this segment, the report examines about net edge, deals, income, creation, portion of the overall industry, CAGR, and market size by locale. Here, the worldwide XPS Geofoams Market is profoundly examined based on areas and nations like North America, Europe, China, India, Japan, and the MEA.
XPS Geofoams Application or End User: This segment of the exploration study shows how extraordinary end-client/application sections add to the worldwide XPS Geofoams Market.
XPS Geofoams Market Forecast: Production Side: In this piece of the report, the creators have zeroed in on creation and creation esteem conjecture, key makers gauge, and creation and creation esteem estimate by type.
XPS Geofoams Research Findings and Conclusion: This is one of the last segments of the report where the discoveries of the investigators and the finish of the exploration study are given.
Key questions answered in the report:
What will the market development pace of XPS Geofoams market?
What are the key factors driving the Global XPS Geofoams market?
Who are the key manufacturers in market space?
What are the market openings, market hazard and market outline of the market?
What are sales, revenue, and price analysis of top manufacturers of XPS Geofoams market?
Who are the distributors, traders, and dealers of XPS Geofoams market?
What are the XPS Geofoams market opportunities and threats faced by the vendors in the Global XPS Geofoams industries?
What are deals, income, and value examination by types and utilizations of the market?
What are deals, income, and value examination by areas of enterprises?
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Rising Demand from Consumers to Push Sales of Geosynthetics Market
Don’t miss to keep a tab on the latest happenings in chemicals vertical, all the latest updated reports are published by Persistence Market Research, along with deep insights. Our reports draws attention to the existing and projected metrices about the raw materials along with its market demand.
Geosynthetics are polymeric products generally made-up of polyester, polypropylene and polyethylene. These products retain their properties when exposed to harsh environmental conditions. These products are generally preferred in civil construction and environmental activities such as landfill and filtration. Based on the characteristics geosynthetics are classified as geotextiles, geomembranes, geogrids, geofoams and geonets among others. Geomembranes and geotextiles are among the largest used geosynthetics. However, geomembranes generates higher revenues than geotextiles.
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The market for geosynthetics was mainly driven by huge projects undertaken by several national governments in order to enhance civic amenities. The usage of geosynthetics has increased immensely in transportation sector and is likely to grow in near future. Geosynthetics provide stability and strength to the underlying soil in railway and roadway tracks.
The demand for geosynthetics is likely to grow for industrial waste, hazardous waste and safe dumping of regular waste. Geosynthetics are used in various applications such as mining, erosion control and waste management among others. The major opportunity for geosynthetics is from developed and emerging countries where huge infrastructure and environmental projects are undertaken. However, volatile raw material prices may hamper the growth of the market as most of these materials are downstream products of petrochemicals.
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In terms of demand, Asia Pacific was the leading region for geosynthetics. The demand is huge owing to large investments in the projects associated with civil transportation and waste management. China holds the largest market share for geosynthetics in Asia Pacific region. Countries such as India, South Korea and Malaysia are expected to gain market due to large infrastructure projects. North America had the second-largest market share in global geosynthetics market. European countries had lower share in the market as compared to Asia Pacific and North America however; the scenario is expected to change due to growing number of waste management projects.
Some of the key players in the geosynthetics market are,
Propex Global
GSE Environmental
Low & Bonar PLC
FiberWeb PLC
Agru America
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Global Geofoams Study, 2014 - 2025
Prismane Consulting is pleased to publish its Geofoams Market Market Study Report which includes historic and current market situation of Geofoams Market across several end-use industries.
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This market study describes the global Geofoams Market market, with focus on major countries and their subsequent demand across different applications and sub-applications. The study covers demand-supply analysis for regions including North America, Western Europe, Central & Eastern Europe, Central & South America, Asia-Pacific, Middle East and Africa and major countries like the U.S., Canada, Mexico, Germany, France, Italy, U.K., Spain, Russia, Poland, Turkey, China, Japan, India, South Korea, Thailand, Taiwan, South Africa, and Saudi Arabia. The market is segmented based on end-use which includes Building & Infrastructure, Road & Highway Construction, and others.Geofoams Market Production capacity expansions, force majeure, de-bottlenecks, plant shutdowns and new product developments have been considered in the report.
Geofoams Market demand patterns are dramatically different between various regions and countries. In the areas with mature economies, demand growth for Geofoams Market is expected to fall well below global averages primarily due to the geographic shift of many manufacturing industries to areas of lower labor costs such as China, India, and the ASEAN region.
The primary driver for the growth in demand of Geofoams Market in Asia has been the migration of labor-intensive downstream conversion industries from developed high labor cost regions like North America and Western Europe.
Topics Covered
The report covers the following topics:
Geofoams Market Market data in term of volume and value for each end-use at regional and country level
Geofoams Market Market analysis for production, capacity, demand, supply, trade, and utilization rates at regional and country level
Trade balance and target markets for current situation, new expansions, or new projects
Business opportunity assessment
Macro-economic factors like GDP, population, and world economic integration
Strategic issues and recommendations
Strategic recommendations for vendors, and industry stakeholders
Market analysis and forecasts (short-, mid- and long-term forecast) from 2015 till 2030
Geofoams Market Market: Applications Covered
Applications Covered
Building & Infrastructure
Road & Highway Construction
Others
Companies Covered
AFM Corporation
Carlisle Construction Materials
Amvic Building Systems
Foam Products Corporation
Airfoam Industries Ltd.
Pacific Allied Products Ltd.
Groupe Legerlite Inc
Other Manufacturers
Geofoams MarketMarket: Regions covered
- Asia Pacific
- Eastern Europe
- Central & South America
- Middle East & Africa
- North America
- Western Europe
Key Questions Answered
The Global Geofoams Market Market study answers the following key questions:
How big is the Geofoams Marketmarket?
How is the Geofoams Market market evolving by demand-supply, segment, and region?
What will the Geofoams Market market size be in 2030 and at what rate will it grow?
What trends, challenges and barriers are influencing its growth?
Who are the key manufacturers and what are their shares in different region?
What opportunities and target markets exist for Geofoams Market
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Geosynthetics Market| Business Overview, Challenges, Driving Factors, Competitive Scenario, And Industry Growth Forecast 2028
Research Nester released a report titled “Geosynthetics Market: Global Demand Analysis & Opportunity Outlook 2028″ which delivers a detailed overview of the global geosynthetics market in terms of market segmentation by product, material, application, end-user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Geosynthetics are the polymer materials designed to improve the mechanical and physical properties of soil. They are light, flexible, possess high tensile strength, stability and durability. Owing to its growing demand from the developing infrastructure industry as well as its immense application in mining, waste management, agriculture and irrigation projects combined with the several government initiatives and regulations, the geosynthetics market is anticipated to record a significant CAGR over the forecast period, i.e., 2020-2028.
Get a PDF Sample for more detailed market insights: https://www.researchnester.com/sample-request-2619
The market is segmented by product into geotextile, geomembrane, geocell, geocomposite, geosynthetic liner, geonet, geofoam and geogrid, out of which, the geomembrane segment is anticipated to hold the leading share in the geosynthetics market. This can be attributed to increasing usage of geomembrane as a lining systems and waterproofing material in waste water management, railways, landfill lining, and tunnel and canal lining.
Based on the regional analysis, the geosynthetics market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific is predicted to hold the highest share on account of favourable government policies in India and China for increasing infrastructural development along with the large capital investments in construction and transportation industry, as well as for the presence of leading market players.
Growing Demand in Large Infrastructure and Irrigation Projects To Boost The Market Growth
According to Geosynthetic Materials Association, geosynthetics are used in various applications such as roads and pavements, subsurface drainage, erosion and sediment control and seepage control systems.
The demand for geosynthetics is high on account of application of geosynthetics products in infrastructure, environmental, transportation, mining and waste management projects owing to its favourable material properties as well as the ability to prevent soil erosion and control seepage losses in irrigation projects. Additionally, several governments across the world are undertaking initiatives and regulations related to the usage of geosynthetics. Furthermore, emphasis on elevating small-scale industries which uses geosynthetics products owing to the improving trade relations are some of the factors anticipated to significantly expand the geosynthetics market. However, high price volatility of raw materials is estimated to hamper the market growth.
This report also provides the existing competitive scenario of some of the key players of the global geosynthetics market which includes company profiling of Koninklijke Ten Cate bv, Hueskar, Inc., GSE Environmental, Officine Maccaferri S.p.A, Low & Bonar PLC, Tensar International Corporation, Propex Operating Company, LLC., Fibertex Nonwovens A/S, SKAPS Industries and Tenax Spa.
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The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global geosynthetics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
About Research Nester
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
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Geofoam Market Growth, Industry Forecast 2021-2027
A study recently conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that global geofoam market was worth USD 698.3 million in 2020 and is further projected to reach USD 1,105.4 million by 2027, at a CAGR of 6.9 % during the forecast period (2021-2027). Growth in the geofoam market can be attributed to increasing demand for geofoam from end-user industries due to their excellent and superior properties. Additionally, geofoams are an easy alternative to traditional land stabilization materials due to their cost-effective nature. During the forecast period, the development of infrastructure and the adoption of modern technology will likely generate new opportunities for the geofoams market.
Geofoams' cost-effectiveness is propelling the market growth.
Geofoams' familiarity, pervasiveness, and low cost have made them the favored option for the construction industry. Geofoam's strength and flexibility make it the ideal material for construction projects. It may be installed using basic hand tools, reducing construction labor, investment, and operating costs. For instance, Foamshield, a new product from Airfoam launched in June 2021, can significantly reduce the cost of insulating a home. FoamShield is a rigid EPS insulation that can be installed around an uninsulated wood-frame wall with a sheathing membrane. Hence, geofoams' benefits as an alternative to traditional materials for land stabilization contribute to the market’s growth.
Growing infrastructural activities and technological advancement are expected to drive the geofoam market.
The large-scale growth of infrastructure in emerging countries and the upkeep and maintenance of existing infrastructure in developed countries drive demand for geofoam. According to the Department for Promotion of Industry and Internal Trade, FDIs (Foreign Direct Investments) in the construction development sector (townships, housing, built-up infrastructure, and construction development projects) and construction (infrastructure) activities totaled USD 26.08 billion and USD 24.72 billion, respectively, in India between April 2000 and March 2021. (DPI). In FY21, FDI inflows totaled USD 81.72 billion, or 13% of the overall inflows. Expanded polystyrene also has various advantages over conventional earthen dams, including quick construction and the use of prefabricated bridge and bridge support components. These advancements are expected to help grow the geofoam industry in the upcoming years.
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Global Geofoam Market: By Type
Based on types, the global geofoam market is categorized as expanded polystyrene geofoams (EPS) and extruded polystyrene geofoam (XPS). Out of these, the extruded polystyrene geofoam segment accounted for a significant market share in 2020 and is likely to dominate the segment during the forecast period. The segment’s growth can be attributed to its properties as it provides insulation and protection to the structures. Furthermore, the product is made of recycled materials and can be shaped into various forms, including sheets and blocks. Additionally, it has higher insulation properties than extruded polystyrene geofoams, which encourages its use in areas such as walls, basements, and attics.
On the other hand, due to its multi-functionality, diverse applications for soft ground construction, greater strength, flexibility, and low cost compared to extruded polystyrene geofoam, expanded polystyrene is likely to grow at the fastest CAGR throughout the forecast period.
Impact of COVID-19
The pandemic affected several aspects of the geofoam value chain. COVID-19 significantly impacted several financial and industrial sectors, including travel and tourism, manufacturing, construction, and aviation. Geofoam end-use industries such as road building and paving and airport construction were also severely affected. The construction industry was one of the most severely affected industries as most nations imposed strict lockdowns and curfews to prevent the spread of Coronavirus, which led to construction activities being halted. Airports worldwide have also been affected by the global ban on international and domestic flights, which has negatively impacted the global geofoam market.
North America Leads the Global Geofoam Market
North America held a significant market share in 2020 and is likely to dominate during the forecast period. Geofoams are becoming increasingly popular in North America due to growing awareness among civil engineers regarding their use in infrastructure and construction. Additionally, the region has seen a growth in the use of geofoams in maintaining and rehabilitating existing roads, highways, and flyovers. For instance, between 2016 and 2020, the Fixing America's Surface Transportation (FAST) Act and the Highway Trust Fund approved a fund of more than USD 300 billion, emphasizing infrastructure safety and structural highway programs.
Competitive Landscape
Due to the presence of numerous players in the market, the global geofoam market is moderately fragmented. Developing new products, expanding, and acquiring enable companies to remain competitive. Some of the leading players are increasing their global footprint by acquiring overseas companies. Some key players in the global geofoam market are Carlisle, Amvic Inc., Atlas Roofing Corporation, Insulation Company of America, LLC, Foam Products Corporation, Jablite, Thermafoam, LLC, Expol, Pacific Allied Products, Ltd., Airfoam, Harbor Foam, Groupe Legerlite Inc., Drew Foam, Plasti-Fab Ltd., and other prominent players.
About Us
BlueWeave Consulting provides all-inclusive Market Intelligence (MI) Solutions to businesses regarding various products and services online & offline. We offer comprehensive market research reports by analyzing both qualitative and quantitative data to boost up the performance of your business solution. BWC has built its reputation from the scratches by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
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The Geofoams Market size is likely to expand exponentially in the coming years
Allied Market Research published a new report, titled, “Geofoams Market” by geography (North America (U.S., Mexico, and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and the Rest of LAMEA) Global Opportunity Analysis and Industry Forecast, 2021-2028.” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
The report offers key drivers that propel the growth in the Geofoams Market. These insights help market players in devising strategies to gain market presence. The research also outlined restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining potential in untapped regions.
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The research offers a detailed segmentation of the global Geofoams Market. Key segments analyzed in the research include type, process, shell material, application, end user and geography. Extensive analysis of sales, revenue, growth rate, and market share of each type, process, shell material, application and end user for the historic period and the forecast period is offered with the help of tables.
The market is analyzed based on regions and competitive landscape in each region is mentioned. These insights help to devise strategies and create new opportunities to achieve exceptional results.
The research offers an extensive analysis of key players active in the Geofoams Market industry. Detailed analysis on operating business segments, product portfolio, business performance, and key strategic developments is offered in the research. Leading market players analyzed in the report ACH Foam Technologies, LLC (U.S.), Amvic Building Systems (Canada), Beaver Plastics (Canada), Big Sky Insulations, Inc. (U.S.), Carlisle Construction Materials (U.S.), Expol Ltd. (New Zealand), Groupe Legerlite Inc. (Canada), Harbor Foam Inc. (U.S.), Insulation Corporation of America (U.S.), Poly Molding LLC (U.S.), and ThermaFoam, LLC (U.S.). These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.
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Key Benefits:
· The report provides a qualitative and quantitative analysis of the current Geofoams Market trends, forecasts, and market size from 2020 to 2027 to determine new opportunities.
· Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
· Top impacting factors & major investment pockets are highlighted in the research.
· The major countries in each region are analyzed and their revenue contribution is mentioned.
· The market player positioning segment provides an understanding of the current position of the market players active in the Geofoams Market.
Key offerings of the report:
Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
· Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
· Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
· Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.
· Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.
Get more Information at: https://www.alliedmarketresearch.com/geofoams-market-A08206
About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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