Asia-Pacific- the fastest growing market for geofoams
Asia-Pacific is the fastest-growing market for geofoams, in terms of value and volume. Growing transport infrastructure such as roads, highways, flyovers, and bridges and availability of cheap labor in the region is responsible for the high growth of the market and the shift of production capacity from the developed markets to the Asia-Pacific region.
China dominates the geofoams market in the Asia-Pacific region. China's consumption of geofoams has grown significantly and is expected to witness further growth in the near future. The high growth of geofoams market in China is a result of the growing construction industry.
The market size of geofoams estimated in this study has been validated through primaries conducted with various industry experts globally. These primary sources have been divided in three categories: By Company; By Designation; and By Region.
• By Company Type - Tier 1 – 35%, Tier 2 – 45% and Tier 3 – 20%
• By Designation – C level – 35%, Director level – 25%, Others – 40%
• By Region – North America - 45%, Europe – 20%, APAC – 30%. Others – 05%
The report also provides company profiles and competitive strategies adopted by the major market players such as ACH Foam Technologies, LLC (U.S.), Carlisle Construction Materials (U.S.), Amvic Building Systems (Canada), Expol Ltd. (New Zealand), Groupe Legerlite, Inc. (Canada), and Pacific Allied Products Ltd. (U.S.), among others.
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/geofoams-market-by-type-eps-geofoams-xps-geofoams-by-application-roadways-building--construction-and-by-region-north-america-europe-asia-pacific-and-rest-of-the-world---global-forecast-to-2020-300243083.html