TMR_Research_Reports_2017 Geofoams Market - Global Industry Analysis 2023 | Page 2

REPORT DESCRIPTION
Geofoams are extruded polystyrene (XPS) or expanded polystyrene (EPS), which can be manufactured into lightweight
blocks that offer desired strength and protection against heat or frost. The construction industry is the primary consumer
of geofoams, finding application in road repair and in other concrete parts of a building. With rapid urbanization across the
world, especially in vastly populated and large-landscaped countries such as India, UAE, and China, the construction
industry is currently flourishing. This factor in turn is providing traction to the global geofoams market, which is projected to
expand at a robust rate during the forecast period of 2016 to 2023.
This report on the global geofoams market has been developed in order to provide useful insights from business
perspective to targeted audiences such as manufacturers of geofoams, traders and distributors, and government
agencies across the world. The report studies all the factors that may influence the demand for geofoams in the near
future and estimates the opportunities in the market until 2023. Several leading companies operating in the global
geofoams market have also been profiled for their geographical presence, share of the pie, competitors, and recent
developments.
Application-wise, the global geofoams market can be segmented into building and construction, roadways, vibration and
noise damping, landfill, and bridges while on the basis of type, the market can be categorized into EPS geofoams and
XPS geofoams. Geographically, the report evaluates the opportunities available for the stakeholder of geofoams market in
regions such as the Middle East and Africa, North America, Latin America, Europe, and Asia Pacific.
Obtain Report Details http://www.transparencymarketresearch.com/geofoams-market.html
Global Geofoams Market: Trends & Opportunities
Roadways continue to be the major application segment for geofoams. India and other emerging economies are
continuously improving their road-infrastructure and the lightweight material is being preferred over other alternatives and
driving the demand in the global geofoams market. In addition to construction and roadways, geofoams are now being
used for large industrial pipes and as compressible inclusions in tunnels. There is no real requirement of mechanical
fastening when working with geofoams, which leads to various benefits and reduces the overall cost of the construction.
Moreover, geofoams are quite immune to external environmental conditions and can be readily formulated at the
construction site. This is another factor favoring the global geofoams market. As geofoams offer excellent dampening of
noise and vibration, their application is now expanding beyond building construction and roadways to bridges, railway
tracks, beneath refrigerated storage buildings, and storage tanks that help in preventing ground freezing. With this
expanding application, the demand in the global market for geofoams is expected to consistently grow during the forecast