Home > Construction > Construction Materials > Structural Materials > Geofoam Market

Geofoam Market Trends

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

Download Free Sample

Geofoam Market Trends

The geofoam industry is experiencing growth owing to sustainable construction practices and energy-efficient building initiatives. The material's unique combination of low weight and high strength makes it increasingly favored for complex urban infrastructure projects where soil stabilization and structural load reduction are paramount. Technological advancements in geofoam production, such as enhanced moisture resistance and improved thermal insulation properties, are broadening its applications, particularly in cold-climate regions and environmentally conscious construction projects.

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.