PUNE, India, December 8, 2015 /PRNewswire/ --
The report "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" The global market was worth USD 0.36 Billion in 2014 and is expected to reach USD 0.57 Billion at a CAGR of 7.48% by 2020. This high growth is fueled by the rising demand for geofoams from end-use industries due to its superior properties and extensive cost savings.
Browse 73 Market Data Tables and 36 Figures spread through 114 Pages and in-depth TOC on "Geofoams Market".
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Roadways - major market for geofoams
Roadway's is a major application for the geofoams. Geofoams are becoming the most popular type of land stabilization material in the construction industry. EPS geofoams reduces the loads imposed on the underlying soil and structures. They are a good solution to a number of engineering challenges. Geofoams are used in road industry, foundations of building constructions, railroad embankments, and so on. Geofoams can be easily cut on site and placed wherever necessary. Use of geofoams in infrastructure projects translates to saving money and time.
U.S. and China together accounted for more than 40% of the global geofoams market, in terms of value, in 2014
The U.S. is the biggest consumer of geofoams in the world, Whereas, China is the biggest consumer and manufacturer of geofoams in the Asia-Pacific region and the second-largest market globally. The U.S. and China together accounted for a significant share of the global geofoams market size, in terms of value, in 2014. The U.S. and China are the largest consumers in their respective regions and are expected to compete with each other to dominate the market by 2020.
In 2014, Asia-Pacific was the largest market for geofoams in the world, accounting for a big chunk the overall geofoams market, in terms of value. North America and Asia-Pacific, together accounted for more than 40% of the global geofoams market, in terms of value, in 2014. The geofoams market in these regions is expected to increase substantially between 2015 and 2020 as the acceptance for geofoams is increasing in these regions.
Companies 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.) are the dominant market players in the global geofoams market.
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This report covers the market by value and volume for geofoams and forecasts the market size till 2020. The report includes the market segmentation by type, by application, and by region. It also provides company profiles and competitive strategies adopted by the major market players in the global geofoams market.
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