Global Geofoam Market Overview: 2023-2028
Base Year: 2022
Historical Years: 2018-21
Forecast Years: 2023-2028
The Global Geofoam Market is expected to grow at a CAGR of around 6.8% during the forecast period, i.e., 2023-28. The Global Geofoam Market is going through significant growth due to multiple drivers like technological advancements and, of course, increasing healthcare needs. The increase in road accidents throughout the country creates a greater demand for X-rays.
Markntel Advisor’s Global Geofoam Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Global Geofoam Market drivers, barriers, Global Geofoam Market Trends, and Key Players in Global Geofoam Market.
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Global Geofoam Market Dynamics: 2023-2028
Market Dynamics:
Possible Growth Restraint: High Cost Associated with the Development & utilization of Geofoams
While the approach toward sustainable alternatives in the construction industry is escalating rapidly, the high cost associated with these materials might strike the growth pace of the Global geofoam Market during 2023-28, especially across price-sensitive industries. The cost of geofoams is approximately three to four times more than their conventional substitutes like soil fills, which refrains contractors from investing in such materials, especially when different alternatives & price ranges are available easily, thereby hampering the market expansion globally.
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Global Geofoam Market (2023-30): Segmentation Outlook
The market report has segmented the market into the following categories:
By Product Type
Expanded polystyrene
Extruded polystyrene
By Application
Structure Foundation
Embankments
Slope Stabilization
Insulation
Retaining Structures
Others (Void Filling, Theatre & Stadium Seating, Impact Protection)
By End Use
Road & Highway construction
Building & Infrastructure Construction
Airport Runways & Taxiways Construction
Others (Railway Embankments, Green roofs, etc.)
By Region
North America
South America
Europe
The Middle East & Africa
Asia-Pacific.
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Top Companies Operating in the Global Geofoam Market:
Atlas Roofing Corporation, Pacific Allied Products Ltd., Beaver Plastics Ltd., National Polystyrene Packaging Factory L.L.C, Airfoam Industries Ltd., Amvic, Inc., DuPont de Nemours., Drew Foam Companies, Inc., Poliestireno Alfa-Gamma S.A., Jebsen & Jessen Packaging, Cellofoam North America, Inc., Carlisle Construction Materials, LLC, ACH Foam Technologies, LLC, Harbour Foam Inc, Benchmark Foam Inc., Jablite, Others.
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