Global Geofoam Market Size – By Material Type (Expanded Polystyrene (EPS), Extruded Polystyrene (XPS), Polyurethane (PU) and Others), By Application (Road & Highway Construction, Building & Infrastructure, and Airport Runways & Taxiways), & Region – Global Forecasts 2024 - 2034.
- PUBLISHED ON
- 2024-10-14
- NO OF PAGES
- 315
- CATEGORY
- Chemicals & Materials
Market Overview
The Geofoam market is predicted to develop at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2034, when it is projected to reach USD 1,138.85 Million in 2034, based on an average growth pattern. The market is estimated to reach a value of USD 805.48 Million in 2024.
SOURCE: We Market Research
The global
geofoam market has gained traction due to its unique properties and
wide-ranging applications across various sectors, particularly in construction,
infrastructure, and geotechnical engineering. Geofoam is a lightweight,
cellular plastic material, typically made from expanded polystyrene (EPS), used
for various applications in construction and civil engineering. It serves as a
lightweight fill material, insulation, and a solution for reducing lateral
pressure on retaining walls.
The global
geofoam market refers to the industry that produces, distributes, and applies
geofoam, a lightweight, cellular plastic material, commonly made from expanded
polystyrene (EPS). Geofoam is used in various civil engineering and
construction applications, particularly where lightweight fill materials are
required. Due to its low density and high compressive strength, geofoam is
widely employed in infrastructure projects like road and railway embankments,
bridge abutments, slope stabilization, building insulation, and retaining wall
backfills.
Geofoam serves
as an alternative to traditional fill materials like soil or gravel and offers
advantages such as reduced load on underlying structures, improved thermal
insulation, and ease of handling and installation. It is especially beneficial
in areas where ground conditions are weak or challenging, such as soft soils,
and in construction projects aiming for speed and cost-effectiveness.
Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 805.48 Million |
|
Market
Forecast in 2034 |
USD 1,138.85 Million |
|
CAGR % 2024-2034 |
2.9% |
|
Base
Year |
2023 |
|
Historic Data |
2016-2022 |
|
Forecast
Period |
2024-2034 |
|
Report USP
|
Production,
Consumption, company share, company heatmap, company production capacity,
growth factors and more |
|
Segments
Covered |
By Material
Type By Application, and By Region |
|
Regional Scope |
North America,
Europe, APAC, South America and Middle East and Africa |
|
Country
Scope |
U.S.; Canada;
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Geofoam Industry:
Dynamics & Restrains
Market opportunity:
We Market
Research: Geofoam Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.