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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.