Geofoam Market – Industry Trends and Forecast to 2028
MarkNtel Advisors, a prominent market research firm, has recently published a report titled Geofoam Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing Geofoam market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.
Geofoam Reports Highlights
What is the size of the Geofoam Market?
The Global Geofoam Market is expected to grow at a CAGR of around 6.8% during the forecast period, i.e., 2023-28. The growth of the market is projected to be propelled mainly by the increasing focus of the governments of different countries on developing their infrastructure, particularly to bringing the approach toward renewable construction projects, demonstrating high expenditure. It, in turn, is hinting toward lucrative opportunities for the industry participants to widen their product offerings in order to cater to the burgeoning demands for geofoams in construction activities.
What do the growth prospects and trends look like in the Geofoam Industry?
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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What Components are encompassed within Geofoam Market segmentation?
The report has divided the market into the following segments:
By Product Type
-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.)
-The Middle East & Africa
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Who are the Primary Companies or Entities active in the Industry?
The report covers the major market players including:
-Atlas Roofing Corporation
-Pacific Allied Products Ltd.
-Beaver Plastics Ltd.
-National Polystyrene Packaging Factory L.L.C
-Airfoam Industries Ltd.
-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.
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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