Press release
Geofoam Market Set to Surge: Lightweight Innovation Driving Infrastructure & Construction Growth Worldwide 2025 | Top key players - Jablite, ThermaFoam, LLC, Expol.
The Global Geofoam Market reached US$ 0.9 billion in 2022 and is expected to reach US$ 1.4 billion by 2031, growing with a CAGR of 6.4% during the forecast period 2024-2031.The Geofoam Market, as examined by DataM Intelligence, provides a thorough industry overview enriched with detailed insights, historical data, and essential statistics. The report extensively explores market dynamics and competitive landscapes, featuring profiles of leading companies, their product offerings, pricing strategies, financials, growth plans, and geographic footprint.
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The Geofoam Market encompasses the production and sale of lightweight, engineered foam blocks primarily made from expanded polystyrene (EPS) or extruded polystyrene (XPS). Used as lightweight fill in construction and infrastructure projects, geofoam reduces soil loads, improves stability, and mitigates settlement. Its demand is driven by urbanization, highway and embankment projects, and the need for cost-effective, sustainable geotechnical solutions.
Prominent Industry players in the Geofoam Market
The prominent players in Geofoam market research report are: Carlisle, Amvic Building Systems, Atlas Roofing Corporation, Insulation Company of America, Jablite, ThermaFoam, LLC, Expol, Airfoam, Harbor Foam and Plasti-Fab Ltd.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
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Industry News:
December 7, 2021 - InsulFoam partnered with Ritchie Group to build a community swimming pool in Orem, Utah, using InsulFoam's expanded polystyrene (EPS) Geofoam, known for its lightweight and insulating properties.
November 4, 2022 - Foam Holdings Inc. acquired Amvic, a Canadian EPS manufacturer, along with Concrete Block Insulating Systems Inc., which produces geofoam products, strengthening its position in the North American EPS and geofoam market.
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Market Segments
By Type: Expanded Polystyrene, Extruded Polystyrene.
By Application: Structure Foundation, Embankments, Slope Stabilization, Insulation, Retaining Structures, Others.
By End-User: Road & Highway Construction, Building & Infrastructure, Airport Runway & Taxiways, Others.
The Geofoam industry is undergoing swift expansion, fueled by breakthroughs in medical technology, growing demand for cutting-edge therapies, and an increasing emphasis on patient-centric care. As the sector advances, in-depth market analysis is essential to track evolving trends, regulatory developments, and new opportunities.
Regions Covered:
The global Geofoam Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
FAQs:
✒ What is driving the growth of the Geofoam Market?
✒ Who are the prominent players in the Geofoam Market?
✒ How is the regulatory landscape affecting the Geofoam Market?
✒ What regions are expected to see the highest growth?
✒ What are the key challenges faced by the Geofoam Market?
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