Product ID: UCMIG20C2038
Report ID:
UCMIG20C2038 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2019, the global geofoams market achieved a noteworthy valuation of USD 785.8 million, reflecting its substantial presence within the construction and infrastructure sector. Looking ahead, the market is poised for consistent expansion, projected to sustain a compound annual growth rate (CAGR) of 2.7% from 2020 through 2027. This growth trajectory can be primarily attributed to the rising demand for lightweight and durable materials in various construction applications. Geofoams, due to their exceptional properties such as low density and high compressive strength, are increasingly being embraced as a versatile solution for ground improvement, embankment construction, and noise reduction projects. As urbanization and infrastructure development continue to shape global landscapes, the utilization of geofoams is anticipated to play a pivotal role in enhancing construction practices and addressing engineering challenges.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Construction & Engineering by segment aggregation, the contribution of the Construction & Engineering in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
The Geofoams Market is segmented by Type, Application (Volume Thousand Meter Cube; Revenue, USD Million, 2016 - 2027), Region (Volume Thousand Meter Cube; Revenue, USD Million, 2016 - 2027). We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.
Geofoams Market is being analyzed by North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) regions. Key countries including the U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, and South Africa among others were analyzed considering various micro and macro trends.
SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on Geofoams Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect Geofoams Market's supply chain, distribution, and total revenue growth.
To understand the competitive landscape, we are analyzing key Geofoams Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Geofoams Market.
To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.
The Geofoams Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market.
Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement.
Report Attribute | Details |
---|---|
The base year for estimation | 2021 |
Historical data | 2016 – 2022 |
Forecast period | 2022 – 2028 |
Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
Segments covered |
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Regional scope | North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) |
Country scope | U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa |
Key companies profiled |
|
Customization scope | Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options | Reap the benefits of customized purchase options to fit your specific research requirements. |
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Geofoams Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Geofoams Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Geofoams Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Geofoams Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONThe global market for Geofoams was estimated to be valued at US$ XX Mn in 2021.
The global Geofoams Market is estimated to grow at a CAGR of XX% by 2028.
The global Geofoams Market is segmented on the basis of Type, Application (Volume Thousand Meter Cube; Revenue, USD Million, 2016 - 2027), Region (Volume Thousand Meter Cube; Revenue, USD Million, 2016 - 2027).
Based on region, the global Geofoams Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
The key players operating in the global Geofoams Market are rview , The global geofoams market size was valued at USD 785.8 million in 2019 and is expected to grow a compound annual growth rate (CAGR) of 2.7% from 2020 to 2027. Increasing product demand for a wide range of applications including the construction of soft ground, void filling, slope stabilization, and others is anticipated to promote market growth. The product helps in providing protection from earthquake shock, noise, and vibrations. This promotes adoption across the construction and infrastructural industry. In addition, it is increasingly used in rail track systems, below refrigerated storage buildings, sports arenas and storage tanks to prevent ground freezing and heaving. , The U.S. market was valued at around USD 87 million in 2019 and is estimated to expand at a CAGR of over 2.0% from 2020 to 2027. Rising maintenance activities of the existing infrastructural construction is anticipated to boost the demand for geofoams, thereby driving the market growth. In addition, the product is increasingly used in rail embankment, which is likely to impact the growth positively. , Factors such as lightweight, superior strength, ease in handling, and low construction cost are likely to promote the adoption of geofoams across the construction industry. In addition, the product can be customized into different shapes and sizes which further propels its demand over the forecast period, thereby driving the market growth. , However, geofoams are highly susceptible to degradation caused due to exposure to UV radiations for a long time. In addition, the product changes to a glue-like substances when it comes in contact with petroleum. These factors are projected to limit product adoption across various constructions, thereby limiting the industry growth. , Type Insights , The extruded polystyrene geofoam product type accounted for over 60% revenue share in 2019 and is estimated to expand at a CAGR of 3.1% from 2020 to 2027. The product provides insulation and protection to the structures. Growing use of extruded polystyrene geofoam in building insulation is anticipated to promote the segment growth over the forecast period. , The product is manufactured using recycled materials and can be shaped into various forms such as sheets and blocks. In addition, it offers higher insulation performance factors as compared to extruded polystyrene geofoams which is anticipated to promote its adoption across areas like walls, basements, and attics. , Extruded polystyrene geofoams are increasingly used for roofing systems and below-grade waterproofing that require insulation to be placed over a roof membrane. In addition, the product is manufactured using recycled materials, which is projected to reduce its cost, thereby driving segmental growth. , Geofoams exhibit high durability and resistance to damage which propels its demand across various construction and infrastructural projects. In addition, the product is environmentally friendly and is 100% recyclable. Moreover, the product saves the overall energy owing to its ultra-efficient thermal insulating properties, which is likely to promote its usage further driving the market growth. , Application Insights , The roads and highway construction application segment held a revenue share of more than 38% in 2019 and is anticipated to expand at a CAGR of 3.4% from 2020 to 2027. Increasing infrastructural growth and rising demand for road connectivity across the globe is anticipated to promote the expansion of the segment thereby driving the segment growth. , The high compressive resistance of the product propels its usage in bridge abutment. In addition, it offers support to the highways without over-stressing the underlying soils. Moreover, geofoams can be used to support bridges as it transfers the traffic load to the foundation of the underlying soil. The aforementioned benefit of the product is estimated to benefit growth. , Rising demand for building and infrastructural constructions across the economies including China, India, Brazil, Mexico, and others is projected to promote the use of geofoams to fill voids, slope stabilization, and to avoid seasoning heating and cooling for buildings. This is projected to promote the adoption of geofoams in the building and infrastructural constructions over the forecast period. , The product is increasingly used in tiered seating for movie theaters, auditoriums, churches, and gymnasiums. Factors such as lightweight and compressive resistance of the product promote its application across various construction and renovation projects. In addition, geofoams reduce vibrations and sound, which is expected to fuel industry growth. , Regional Insights , Asia Pacific market accounted for the highest market share in 2019 and is projected to expand at a CAGR of 3.2% from 2020 to 2027. Factors such as increasing population, rapid urbanization across the region are estimated to fuel the construction industry. This is projected to propel the demand for geofoams owing to its superior properties and availability at a low cost. , Increasing demand for road connectivity, road widening, ongoing construction activities owing to the rising number of manufacturing firms in the region is projected to benefit the demand for geofoams. In addition, rising government initiatives in order to improve the infrastructure of the region is likely to promote the demand for geofoams, thereby driving regional growth. , Rising infrastructural spending in economies including Germany, Spain, Italy, and others is estimated to propel the demand for geofoams due to its lightweight, durability, and superior strength. In addition, increasing use of geofoams in rail and roadways in the European region as a low-cost construction material is projected to fuel the industry growth over the forecast period. , The increasing number of residential and commercial construction activities in Central and South America is likely to boost the market growth. In addition, rising government expenditure to improve the infrastructure in the economies including Brazil, Argentina, Chile, Peru, and others is estimated to contribute towards the increased demand for the product in the region. , KEY MARKET SEGMENTS, By Type, Extruded Polystyrene Geofoams , Expanded Polystyrene Geofoams , By Application (Volume Thousand Meter Cube; Revenue, USD Million, 2016 - 2027) , Road & Highway Construction , Building & Infrastructure , Airport Runways & Taxiways , By Region (Volume Thousand Meter Cube; Revenue, USD Million, 2016 - 2027) , North America , The U.S. , Canada , Mexico , Europe , Germany , The U.K. , Spain , Italy , Asia-Pacific , China , India , Japan , Central & South America , Brazil , Middle East & Africa , KEY MARKET PLAYERS, Carlisle Construction Materials , ACH Foam Technologies, LLC , Expol Ltd. , Geofoam International LLC , Jablite , Amvic Building Systems , Universal Foam Products , Benchmark Foam Inc. , Foamex; Galaxy Polystyrene , Technopol , Polyfoam Xps , Mega Packing Corporation.
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Product ID: UCMIG20C2038