Global Geofoams Market - Projected to Reach $0.57 Billion by 2020

18 Dec, 2015, 04:10 ET from Research and Markets


DUBLIN, Dec. 18, 2015 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/hp8jns/geofoams_market) has announced the addition of the "Geofoams Market - Global Forecast to 2020" report to their offering.

The global geofoams market size, in terms of value, is projected to reach USD 0.57 Billion by 2020, registering a CAGR of 7.48% between 2015 and 2020. In terms of volume, the market size is projected to reach 9.21 million m3 by 2020, at a CAGR of 7.22% during the forecast period. The rising demand for geofoams from end-use industries due to its superior properties and extensive cost savings is the major driving factor of this market. Because of its physical properties, it is considered as a better alternative to traditional land stabilization materials.

The market for XPS geofoams segment in the geofoams market is projected to register the fastest-growth. The collective growth in the use of geofoams is due to the increase in the awareness about the benefits of geofoams than traditional land stabilization materials in construction activities.

Roadways application is the fastest-growing segment in the global geofoams market. Geofoams are highly preferred for roadways applications. The growing demand from core industries such as construction and roads & highways is the key factor contributing to the fast growth rate of the geofoams market.

Asia-Pacific is the largest consumer of geofoams is also projected to register a high CAGR, in terms of value, between 2015 and 2020. This growth is majorly driven by the increase in geofoams demand in various application segments such as construction and roads & highways.

The geofoams market faces certain bottlenecks to its growth. High flammability and vulnerability to petroleum solvents is a major restraint in the usage of geofoams.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Geofoams Market, By Type

8 Geofoams Market, By Application

9 Geofoams Market, By Region

10 Competitive Landscape

11 Company Profiles

Companies Mentioned:

  • ACH Foam Technologies, LLC
  • Amvic Building Systems
  • Carlisle Construction Materials
  • Expol Ltd.
  • Gorantla Geosynthetics Pvt. Ltd.
  • Groupe Legerlite, Inc.
  • Insulation Corporation of America
  • Mansonville Plastics (BC) Ltd.
  • Pacific Allied Products Ltd.
  • Poly Molding LLC
  • Thermafoam LLC

For more information visit http://www.researchandmarkets.com/research/hp8jns/geofoams_market

Media Contact:

Laura Wood, +353-1-481-1716, press@researchandmarkets.net

 

SOURCE Research and Markets



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