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Geofoam Market Share

Report ID: GMI4413
Published Date: Nov 2024
Report Format: PDF

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Geofoam Market Share

The global geofoam industry is fragmented, with prominent players, such as Carlisle Construction Materials, Atlas Roofing, DuPont, ACH Foam Technologies, Beaver Plastics, Ltd. holding a revenue share of ~20-25%.

In the geofoam industry, market participants engage in competition primarily through four key factors: product quality, cost-efficiency, technological innovation, and application flexibility. Manufacturers are dedicating significant resources to enhance the fundamental properties of geofoam, with a particular emphasis on improving thermal insulation, resistance to moisture, and fire-retardant capabilities. These enhancements aim to address the evolving demands of diverse construction projects.

Sustainability has emerged as a critical differentiator in the market. Companies are increasingly adopting environmentally responsible production methods and sourcing eco-friendly raw materials. The Expanded Polystyrene Association reports that 60% of geofoam manufacturers now incorporate recycled content in their products, demonstrating the industry's shift towards more sustainable practices.

Geofoam Market Companies

Major players operating in the geofoam industry are:

ACH Foam Technologies
AFM Corporation
Amvic Building Systems
Atlas Molded Products
Beaver Plastics Ltd.
Benchmark Foam
Carlisle Construction Materials
Drew Foam Companies
Expol Ltd.
Foam-Control Geofoam
Harbor Foam
Jablite Ltd.
Pacific Allied Products
Poly Molding LLC
ThermaFoam

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for geofoam was reached USD 741.1 million in 2023 and is predicted to register a CAGR of over 6.3% between 2024 and 2032, driven by the increasing demand for lightweight and durable construction materials in infrastructure projects.

The EPS segment crossed USD 485.4 million in 2023 and is estimated to grow at a CAGR of 6.4% during 2024 to 2032, due to its lightweight properties, cost-effectiveness, and versatility.

The U.S. geofoam market size surpassed USD 167.9 million in 2023 and is expected to grow at a CAGR of 6.4% through 2032, attributed to its exceptional lightweight properties and superior load-bearing capabilities.

Major players operating in the geofoam industry include ACH Foam Technologies, AFM Corporation, Amvic Building Systems, Atlas Molded Products, Beaver Plastics Ltd., Benchmark Foam, Carlisle Construction Materials, Drew Foam Companies, Expol Ltd., Foam-Control Geofoam, Harbor Foam, Jablite Ltd., Pacific Allied Products, Poly Molding LLC, and ThermaFoam.