Geofoam Market Share and Growth, Size, Trends Analysis under Covid-19 Impact, Business Opportunities and Future Outlook 2023-2028: Markntel Advisors

The device aids in reducing vibrations, noise, and shock from earthquakes. This encourages uptake in the building and infrastructure sectors. In order to minimise ground freezing and heaving, it is also being utilised more and more in rail track systems, beneath refrigerated storage facilities, sports stadiums, and storage tanks.

According to Markntel Advisors, Global Geofoam Market Size- By Product Type, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2028' state that the Geofoam Market is predicted to grow at a CAGR of around 6.8% during the forecast period 2023-2028.

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Because of its simplicity of handling during construction, frequent absence of specific equipment needs, and insensitivity to local weather conditions, the use of EPS frequently improves building deadlines and saves overall construction costs. The EPS geofoam's simplicity of cutting and moulding significantly lessens difficulties on the building site. Additional substances that are resistant to the material include silicone oil, alcohols, gypsum plaster, Portland cement, diluted inorganic acids, and solvent-free bitumen. Geofoam is one of the standard materials that is becoming more and more popular among industry players as more complex civil engineering projects are constructed on slopes and soft ground across the world.

Impact on Covid-19 for Geofoam Market:
COVID-19 had a major effect on a variety of financial and economic sectors, including manufacturing, construction, travel & tourism, and aviation. The end-use geofoam industries have been affected, including paving and building roads as well as airport construction. The building sector suffered greatly as a result of the strict lockdowns and curfews implemented in most countries to contain the coronavirus. Furthermore, airport areas globally have been impacted by the global ban on both domestic and international travel.

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Geofoam Market Key Players:
The Key Players of Geofoam Market are Atlas Roofing Corporation, Pacific Allied Products Ltd., National Polystyrene Packaging Factory L.L.C, Beaver Plastics Ltd., Airfoam Industries Ltd., Amvic, Inc., DuPont de Nemours., Drew Foam Companies, Inc., Poliestireno Alfa-Gamma S.A., Jebsen & Jessen Packaging, Carlisle Construction Materials, LLC, ACH Foam Technologies, LLC, Cellofoam North America, Inc., Harbour Foam Inc, Benchmark Foam Inc., Jablite, Others.

Geofoam Market Segmentation:-

The MarkNtel Advisors report on the Geofoam Market Analysis, identifies, and highlights the key trends and drivers that are affecting each segment. The report has further segmented the market into the following categories:-

Based on Product Type: Based on Product Type, Geofoam Market is Segmented as: Expanded Polystyrene, Extruded Polystyrene

Based on End-User: Based on End-User, Geofoam Market is Segmented as: Road & Highway Construction, Building & Infrastructure Construction, Airport Runways & Taxiways Construction, Others (Railways, Green Roofs)

Based on Region: The study also include data for North America, South America, Asia-Pacific, Europe, Middle East & Africa.

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