Geofoams Market: Acceptance Of Geofoams In India And China Drives Asia Pacific Region
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The geo foam produced by the Geofoams Market is extruded polystyrene or expanded polystyrene which can be manufactured into lightweight blocks that offer desired strength and protection against heat or frost. The construction industry is the main consumer of eps geofoam, finding application in road repair.
With rapid urbanization spreading across the globe, especially in hugely populated countries of India, UAE, and China, the construction industry is growing. This will be advantageous for the Geofoams Market during the forecast period.
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Scope & Regional Forecast of the Geofoams Market
Roadways is the main application segment for the Geofoams Market. India and other emerging economies are improving their road infrastructure and lightweight materials is being preferred.
This drives the demand for geofoam fill. Geofoams are also used for large industrial pipes and compressible inclusions in tunnels.
Geofoam eps is quite immune to external environmental conditions and can be formulated at the construction site. This factor favors the Geofoams Market.
Eps construction offers excellent dampening of noise and vibration. Its application is expanding in railway tracks, refrigerated storage buildings, and storage tanks that help in preventing ground freezing.
North America dominates the Geofoams Market. Acceptance of eps foam packaging in India and China contributes to the growth of Asia Pacific region in the forecast period.
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Segmentations & Key Players Involved in the Geofoams Market
The Geofoams Market can be broken down into various segmentations on the basis of –
- Type- Expanded Polystyrene (EPS) and Extruded Polystyrene (XPS).
- Application- Building Construction, Landfill, Bridges, Green Roofs, Road Construction, Noise & Vibration Damping, and Others.
- Region- Americas, Asia Pacific, Europe, and ROW.
Some of the key players involved in the Geofoams Market are as follows:
- Insulation Corporation of America (The U.S.)
- Noark Enterprises Inc. (The U.S.)
- ThermaFoam LLC (The U.S.)
- ACH Foam Technologies
- Carlisle Construction Materials Inc.
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